If you’re a non-resident alien living in the states today – or NRA – you will likely face significant issues when trying to obtain refunds of withheld IRS taxes that are rightfully yours. A recent IRS freeze on credits that were claimed on Form 104NR(or the Non- Resident Alien Income Tax Return), which did not match the data filed on forms 1042 by tax withholding agents, is responsible for creating… Read More
How Tax Reform Will Affect You As A Business Owner
Many years have passed since there was last a tax reform – way back in the days of President Reagan, in fact – and the new ‘Tax Cuts and Jobs Bill’ that has recently been passed is bound to have an impact on all taxpayers, from individuals to business owners. If you’re a business owner, then the following information may be of use and help you to understand what impact… Read More
Tax Preparers Explained
Once you have your tax information up together with all the necessary paperwork and documentation, you’re ready to start preparing your taxes. Some people choose to tackle this alone, while most seek professional help to ensure that they get the best from their money. So, who can you turn to when getting ready to prepare your taxes? Tax preparers: In theory, anyone can help you prepare your taxes – especially… Read More
Tax Planning Explained
Tax planning is a term that we all hear frequently, but we do really know precisely what it means? Read on to find out the basics of tax planning and what you need to know as a tax payer: Tax planning and what it really means: Postponing or avoiding taxes is behind the essence of tax planning, and by utilising tax planning strategies, you can potentially save you or your… Read More
How An Enrolled Agent Can Help With Your Taxes
If you’re new to the world of business, you may not know what an EA, or enrolled agent is or even how they can help businesses with their taxes. If you’re one of those people, then read on and find out whether an EA can help you with your taxes: What are enrolled agents? EA’s are similar in their roles and responsibilities to CPA’s and tax attorneys, in that they… Read More
Getting Your Business Ready For The Tax Reform
Now that we’re firmly into 2018 and 2017 is becoming a distant memory, if you’re a small business owner, you’re probably busy trying to keep afloat or work out ways to improve your business in the new tax year. While the tax reform bill that became law at the end of 2017 may not change how you operate your business or deal with your customers, it will certainly change some… Read More