Blog Archives
Reading Time: 4 minutes Each tax season, many business owners and individuals discover they owe the IRS late filing penalties and/or late payment penalties. But, more often than not,
Reading Time: 5 minutes Filing your tax returns can be a very overwhelming process. The situation can add to the complexity when you file an extension for your tax
Reading Time: 3 minutes With inflation going up, people get pushed into higher income tax brackets as well. To regulate the impact of inflation, the income tax bracket gets
Reading Time: 3 minutes As the new year is approaching, the deadline to file your tax for 2023 is near. It is estimated that the IRS starts accepting tax
Reading Time: 4 minutes With the right tax strategy, your business can avoid paying a sizable sum of taxes to the government. Companies that heavily invest their thought processes
Reading Time: 6 minutes With the year coming to a close, interest rates shifting, and layoffs hitting the tech industry, the turn into 2023 is proving uncertain as ever.
Reading Time: 6 minutes It seems like since 2020, no year in business has been conventional or followed the norm. Recession is the talk of the town since the
Reading Time: 3 minutes Do you have a bank account, investment or security assets in a foreign country? Do you know by law every US Person (US Citizen, US
Reading Time: 7 minutes You might have read and enjoyed our recent article on the Top 5 Reasons People Change Accountants, and while it’s great to know what we
Reading Time: 4 minutes What Qualifies as a Business Trip?
Reading Time: 4 minutes What is Dual Status? If you are a resident alien AND a non-resident alien within the same tax year* then you achieve dual status.
Reading Time: 5 minutes An element of the American Dream is home ownership. There is something unique about exchanging a lease for a deed, regardless of whether you want
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Reading Time: 6 minutes Investments in physical capital, human capital, and research and development (R&D) have various tax implications. Tax credits are available for R&D expenses and they are
Reading Time: 6 minutes The price of a training program is deductible as an employee expense. Your current skills or qualifications that are related to your employment must be
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: 5 minutes A vehicle is one of the costliest things to possess, both as far as a beginning venture and progressing upkeep costs. Luckily, there are successful
Reading Time: 3 minutes With new year, new taxes are upon us. In this post, we have discussed all the deadlines to file your tax returns on time. Filing
Reading Time: 3 minutes Filing and paying your taxes on time in 2021 is way easier when you know the due dates and when you have a great CPA.
Reading Time: 3 minutes Telehealth, Medical Professionals and Accounting: What You Need to Know Covid-19 has affected almost all walks of life. It has brought turmoil to the overall
With our expert team, strong code of ethics, clear vision and passion, we strive to meet our clients’ financial goals
For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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