Know Your Tax Rebates And Relaxations: Hire Best Tax Consultants In US
Tax is a valuable source of earning for governments across the world. The amount of tax collected is indicative of the number of taxpayers, the country’s economic viability and progress, and a host of other indicators. The tax so collected
Why The US Tax System Is More Complex That It Seems To Be And How To Deal With It?
The underlying intent of any taxation regime is to generate sufficient funds to provide the citizens with public utility services and to have adequate capital for welfare and defense services. Hence, the taxation system should be simple, fair, transparent, legitimate,
Which US States Are Likely To Witness Change In Taxation Policy After Presidential Election Results And What?
The United States of America has one of the most complex taxation systems in the world. With the imposition of federal, state, and local taxes on US citizens, it becomes imperative for them to be vigilant and be watchful of
US Presidential Elections: Key Takeaways For Immigrants And Expats
In the nail-biting race for the post of the President of the United States of America (USA), the world’s most powerful and largest democratic nation, Joe Biden of the Democratic Party succeeded to secure the majority to become the 46th
Investment Income
Rental income, interest and dividends are called investment incomes and are taxed differently than the active income. When a corporation receives rental income or interest income from long-term investments, this income is called specified investment business income. This kind of income
Claiming Input Tax Credits (GST/HST)
You can claim input tax credits for general business operating expenses. These are expenses you incur on day to day basis like office supplies, maintenance and repairs, telephone or utilities. If the general expenses are used 90% of the time for
Declaration of the Household Goods when moving to the U.S
When moving to the U.S you need to file form 6059B – Customs Declaration, which requires a complete list of inventory of all the goods you are importing. Make a list of all the items you are carrying with you and
Giving a Loan instead of a Gift
If a family member or a friend needs money, you can consider an option of making a loan instead of a gift. A loan can accompany a promissory note that can have a re-payment schedule attached to it. You can opt to