Taxes

20 Mistakes to Avoid in Small Business Tax Preparation
Taxes

20 Mistakes to Avoid in Small Business Tax Preparation

When owning a small business, it’s really important to understand the small business tax preparation process. If you make mistakes, you may end up incurring penalties, overpaying taxes and cause other errors. We talked to the experts and asked them to share some of the most common mistakes small business […]

Overview of the R&D Tax Credit Scheme
Taxes

Overview of the R&D Tax Credit Scheme

The R&D tax relief scheme is available to all UK companies that undertake research and development related activities. Some think that the guidelines are very limiting. In truth, it is more inclusive than the initial impression of others. By general definition, a company that is eligible to file a claim […]

10 Tips for Filing Your Taxes This Year
Taxes

10 Tips for Filing Your Taxes This Year

If you’re planning to file your own taxes this year, you’re not alone—research indicates around 33 percent of Americans take charge and file their own taxes every year. As you prepare to file your return, there are several things to keep in mind. Use the following tips to make this […]

Why Is 80C The Best Tax Saving Instrument?
Taxes

Why Is 80C The Best Tax Saving Instrument?

Let us begin with stressing on the importance of personal financial planning in the modern world. There are no guarantees in market share, output, and growth, especially for those committed to the keeping some of their financial eggs in the market.  This is why having a sound financial plan could […]

Tips about reducing tax on a business sale
Taxes

Tips about reducing tax on a business sale

If you are selling your business, be ready to receive a heavy tax bill. The truth is any careless mistakes can cost you heavily. Before you know it, you end up paying around half the money you receive for the sale as taxes and professional services fees. It takes a […]

The IRS Tax Season: Why You Need a Consultant
Taxes

The IRS Tax Season: Why You Need a Consultant

Living in the technology era, various software programs are available, to enable you to prepare your own tax returns. However, we advise you to hire the services of a tax professional for the betterment of your business. Tax professional or tax consultants are trained person of law field. An entrepreneur […]

6 Ways to Prepare for Tax Obligation
Taxes

6 Ways to Prepare for Tax Obligation

What do they say about tax? Well, Benjamin Franklin once said, “The only things certain in life are death and taxes.” Annually, tax payment has been a personal and business obligation among employees, employers and business owners. So, people need to be aware of the deadline for tax payment and […]