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Life insurance tax facts you need to know

      Fact No. 1: The premium that you pay on your personal life insurance is your personal expense and cannot be deducted. IRS regulations clearly state: “premiums paid for life insurance by the insured are not deductible.” It does not matter that the premium was paid by the insured by some other person. [...]

By |2020-09-24T04:51:02+00:00September 7th, 2016|Blog|0 Comments

Sales Tax; The unfair advantage that the online retailers are enjoying

The benefits of online retailing vs. brick-and-mortar store We have always known that a physical store presence has a greater positive impact on the consumer than an online store. But the case is totally different if we look at it from the Tax lens. According to the rule the retailers are suppose to collect 10% [...]

By |2016-09-07T01:19:52+00:00September 7th, 2016|Blog|0 Comments

The 4 Benefits of Filing Taxes Early

  Tax payment is a bitter truth of every American’s life. No matter how much you want to run away from this responsibility, you still have to fulfill the Tax requirements. The month of April only rings bells in the ears as it’s the deadline time for filing your tax returns.  Many people delay the [...]

By |2016-09-03T22:40:48+00:00September 3rd, 2016|Blog|0 Comments

3 Smart Ways to prevent Identity Theft

    Identity theft is the biggest ongoing crime these days. You need to carry out all precautionary measures to prevent identity theft from happening to yourself and your organization. Hackers and criminals have the ability to steal your data. It is really important that you carry out measures to protect your personal information. You [...]

By |2020-09-24T04:41:57+00:00September 2nd, 2016|Blog|0 Comments

Ways to safeguard your electronic information inorder to avoid identity theft

One of the major ways to avoid identity theft is to keep your electronic information safe. Fraudsters try to steal your personal information by hacking your system or accessing your information from a public or official computer. They use this information for their personal benefits. Here are a few ways to avoid identity theft. How [...]

By |2020-09-24T04:40:58+00:00September 2nd, 2016|Blog|0 Comments

Business identity theft

  What is Business Identity Theft? Business identity theft is a new avenue in corporate crime. The identity thief uses your business identity to establish lines of credit with banks or retailers.  The thief will use your credit lines for his personal advantage such as: Purchasing home improvement items Commercial electronics Gift cards Any other [...]

By |2016-09-02T22:52:29+00:00September 2nd, 2016|Blog|0 Comments

The Tax Challenges faced by the business owners this year

There are many tax issues that business owners face when filing their tax returns. Some of the major tax issues include; Affordable Care Act and the tax extenders, tax and wage legislation changes etc. Let us discuss the Affordable Care Act and the issues related to it. […]

By |2016-09-01T23:13:58+00:00September 1st, 2016|Blog|0 Comments

Tax related problems that a small business owner faces

      When a person plans to start a small business he faces a lot of challenges, which include financial challenges, procedural issues and management setbacks. But along with these challenges, other major issues that small business owners face are tax-related problems. Here are some small business tax problems and tax reforms that one [...]

By |2020-09-24T08:20:17+00:00September 1st, 2016|Blog|0 Comments