PPP Archive
The World’s Top Reference Software Programs
May 14, 2021
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TweetShareSharePin0 Shares The World’s Top Reference Software Programs Source: Flickr Why should a computer have a good reference software program? It is because a professional reference program will be more credible than something that can be found on a typical website. This is especially true because many leading authorities work to compile reference software that
Tips and Simple Guidelines On How To Calculate Payroll Taxes
May 13, 2021
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TweetShareSharePin0 Shares Tips and Simple Guidelines On How To Calculate Payroll Taxes Source: Flickr Managing a business small, medium or big requires you to pay your taxes, as well as your employees taxes. Managing a payroll can be an arduous and taxing job, no pun intended. There are laws that require us to pay taxes
Cost Segregation : Why are 90% of real estate investors overpaying federal income tax?
May 13, 2021
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TweetShareSharePin0 Shares Cost Segregation : Why are 90% of real estate investors overpaying federal income tax? Source: Flickr By ignoring generous IRS guidelines when establishing depreciation schedules, over 90% of real estate investors are unintentionally overpaying federal income taxes. In addition they are paying federal income taxes earlier than necessary, typically years or decades earlier
What documents do I need in order to deduct mortgage interest?
May 12, 2021
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TweetShareSharePin0 Shares What documents do I need in order to deduct mortgage interest? Source: Flickr Many people are aware of how difficult it can be to perform normal tax processes when April comes around each year. On top of this, the more physical properties or complications an individual has in their life, the less simple
Your Tip Earnings and Taxes
May 12, 2021
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TweetShareSharePin0 Shares Your Tip Earnings and Taxes Source: Flickr If you work in a service where you get tips, guess what? The IRS expects you to report them and pay taxes on them. Your Tip Earnings and Taxes The internal revenue service takes a very simple approach to tips. It views all tips you make
Tax Considerations when Hiring a Nanny
May 11, 2021
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TweetShareSharePin0 Shares Tax Considerations when Hiring a Nanny Source: Flickr To satisfy the IRS and remain a happy law abiding citizen, you’ll need to assume the role of employer and pay employment taxes (Social Security, Medicare, etc. ), report payroll withholdings (taxes, insurance benefits and the like) and of course, make sure that she is
Local Taxes
May 11, 2021
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TweetShareSharePin0 Shares Local Taxes Source: Flickr Local taxes are an even further extension of the federal income tax withholding, just on the local level. Businesses that operate in a particular state will generally be able to access information their particular locality through their state’s revenue office. Taxes withheld on the local level will not usually
Hurricane Katrina – How To Use Your Business Loss To Get A Refund on 2004 Taxes
May 10, 2021
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TweetShareSharePin0 Shares Hurricane Katrina – How To Use Your Business Loss To Get A Refund on 2004 Taxes Source: Flickr With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large
Highlights of IRS List of 2005 Tax Scams
May 10, 2021
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TweetShareSharePin0 Shares Highlights of IRS List of 2005 Tax Scams Source: Flickr Each year, the IRS lists various scams taxpayers get caught up in. The top 2005 scams include several that manipulate laws governing charitable groups, abuse credit counseling services or rely on refuted arguments to claim tax exemptions. The agency is warning taxpayers about
Earnings From Abroad and Taxes
May 9, 2021
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TweetShareSharePin0 Shares Earnings From Abroad and Taxes Source: Flickr With the every expanding global economy, many people receive earnings from foreign entities. Unfortunately, the federal government wants you to pay taxes on it. Taxes on Your Earnings From Abroad The federal government has a very simple attitude towards taxes and earnings. If you have earnings,
