How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

You get two more months to file the tax return if you work outside USA or serve in military or naval service on duty outside the country. However, this does not mean that you get two more months to ...

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

The IRS properly sought $380,000 in deficiencies and penalties from a couple who failed to prove they were entitled to a $2.1 million loss deduction related to their Indiana businesses, the US Tax ...

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

“Beyond staying in the government’s good graces, tax season is an opportunity to understand where your business stands ...

Time is money. And right now, you’re potentially leaving both on the table. At leading Gold Coast accounting firm Keypoint Accountants, we’re seeing a concerning trend: business owners waiting until ...

Lawmakers adopted the Tax Cuts and Jobs Act (TCJA) of 2017 and it represented the most significant tax policy overhaul since ...

The NLR does not wish, nor does it intend, to solicit the business of anyone or to refer anyone to an attorney or other professional. NLR does not answer legal questions nor will we refer you to ...

0:41 1st carbon rebates of 2025 set to roll out. What Canadians can expect Small businesses across Canada are still being taxed on their carbon tax rebates despite a commitment from the former ...

Commissions do not affect our editors' opinions or evaluations. One of the most important decisions small business owners face is choosing the right business banking relationship. For many ...