Blog Archives
Reading Time: 5 minutes Legislators have added several provisions to the tax code over the years to lessen the impact of the additional expenses that self-employed taxpayers must bear
Reading Time: 6 minutes Businesses and startups may not pay enough attention to expense deductions in their financial planning processes, and that could be costing them money. The costs
Reading Time: 4 minutes Every country has its policies regarding taxes. Some countries, for example, Monaco and Qatar, don’t tax income at all. Each country designs tax policies to
Reading Time: 5 minutes U.S taxpayers are required to report and pay taxes on their worldwide income. If you are a U.S. expat and living/working abroad, FBAR, FinCEN 114,
Reading Time: 3 minutes If you are an American citizen or a U.S. expat, and meet a certain income threshold, then you are supposed to report your foreign bank
Reading Time: 3 minutes Let’s be honest – nobody likes paying extra taxes. You don’t want to spend more than necessary money on taxes, just as you wouldn’t want
Reading Time: 2 minutes As apparent by the name, “International taxation” refers to the taxes applied on the income that businesses and companies earn by selling their product and
Reading Time: 3 minutes Taxation involves complexity. It’s completely normal to think this way. To file a single tax return, you will have to go through these stages: understanding
Reading Time: 2 minutes According to coinmarketcap, Binance stands at the first position among top exchanges for spot trading. This speaks volumes for crypto traders. A large number of
Reading Time: 4 minutes Dealing with cross-border taxes can often be confusing. Since you deal with the regulations of two countries, you may need to put in some extra
Reading Time: 3 minutes The IRS and the CRA have taken cryptocurrency accounts under their scrutiny. You must report your crypto assets for the taxation processes. Since cryptocurrency is
Reading Time: 4 minutes The cryptocurrency market is booming each day. Investors, companies, and institutions have taken notice of it. Moreover, it has already been included in your taxation
Reading Time: 4 minutes Cryptocurrency tax is the talk of the town now. The IRS (Internal Revenue Service) has taken notice of it. The CRA (Canada Revenue Agency) is
Reading Time: 4 minutes With each new year, cryptocurrencies enter a new era as well. In 2008, Satoshi set its foundation. Moving on, investors step in to gain huge
Reading Time: 3 minutes Retirement plans can often be confusing. Moreover, the complex rules and regulations can add to their complexity. In this article, we have discussed different concepts
Reading Time: 3 minutes Understanding the Basics If you read about taxation processes, you will be welcomed by heavy jargon from everywhere. Nobody understands your situation more than we
Reading Time: 3 minutes The taxation process is confusing. It’s normal to think this way, considering the number of laws, rules, and forms we need to interpret. Confusion between
Reading Time: 3 minutes Understanding Foreign Tax Credit Taxation terms, sometimes, appear very complex to understand. Moreover, the rules and regulations involved in the process make the situation more
Reading Time: 3 minutes FBAR Filing Date The deadline to file FBAR generally is April 15th. However, you are given an automatic extension on October 15th if you don’t
Reading Time: 5 minutes What Does TFSA Mean? Let’s decode the abbreviation first, TFSA stands for “Tax-Free Savings Account”. As obvious by the name itself, a TFSA gives you
Reading Time: 3 minutes Different countries apply different rules to maintain checks and balances on taxation processes. Consider the U.S., according to homeland security data, thousands of people entered
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