Nobody enjoys paperwork. Most people find it boring and tedious. Taxes, however, are also stressful. There are different ways to do them, numerous forms and schedules, and many different ways that a single typo or math error can throw everything off base. Whether doing taxes on paper or using software, there is ample room for error.
Tax time is here, and it’s a chore that nobody enjoys. If you own your own business it’s especially challenging as you manage business expenses, personal income and various credits and donations. The IRS audits fewer than 1 percent of overall returns, but certain items in your return will make you more likely for a closer review.
American nonprofit organizations will foray into mostly uncharted territory this year thanks to the new tax laws that may significantly impact a variety of nonprofits. Here is a breakdown of a few of the main provisions of the bill and its possible impact on a nonprofit’s capacity to do good.
Both U.S. residents and citizens must pay tax on income earned from foreign sources, but there may be a credit on your United States taxes coming your way if you paid income taxes to another country.
For many individuals, the uncertainty of filing taxes can be quite nerve wrecking. For this reason, many seek assistance in filing their tax returns.
Tax season is here, and many people in Atlanta and across the country cannot wait to receive their W-2s to file their taxes. W-2s and other tax-related documents used for filing tax returns contain personal and sensitive information. Many small business owners end up struggling to get their documents in order for tax season. Some employers send them electronically online while others do send them through the mail. It is no secret that hackers resort to extraordinary measures to hack and steal sensitive information to use for personal gain.
With tax season right around the corner, it is time for small business owners across the state to begin getting their paperwork in order. While many people start a small business with the goal of being their own boss, it also means there are an array of tax laws to follow. Even one slip-up can result in significant penalties.
If you are like many married couples across the country, you and your spouse might have decided to call it quits after the holidays. The beginning of a new year signals fresh hope, as well as the end of unhappy things for a lot of people. While you may be looking forward to starting a new life without an unhappy marriage dragging you down, this is also the time of year to begin planning your tax filing. You and other Georgia residents who are preparing for a divorce will need to know how to prepare your tax return.
The recent tax bill signed into law by President Donald Trump recently went into effect. Individuals and businesses alike want to figure out whether they will gain or lose according to the new provisions. Between doubling the child tax credit to altering the process of itemizing deductions, there are numerous facets to this bill experts are still poring over.
With the end of the year approaching, many Georgia business owners turn their attention toward filing taxes in the upcoming year. There are numerous considerations to make, but savvy entrepreneurs can drastically reduce the amount of money they owe by qualifying for Georgia tax credits.