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Taxes

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As the market continues to expand, the call for innovation and improvement has also been louder. The United States has been providing for small and growing innovative businesses whose objective is to create new products, technologies, materials, processes, and those seeking and acting to improve the existing ones. These provisions are under the Research and Development Tax Credit program. What are the benefits of R&D Tax Credits? Increased cash flowIncrease of earnings per shareReduce state…

If you are a business owner or wish to start a business, then you must familiarize yourself with tax audits. Internal Revenue Services (IRS) can access your financial information, based on fraud suspicions. It is when there are discrepancies found in the financial statements of any business that the IRS usually interferes. However, it is noteworthy that they are not always right. In other words, there could be times when the IRS’s suspicions could be…

The pressure of being accountable for every financial decision can be daunting, especially for a newbie tax filer. Some people find the forms and all the other legal formalities intimidating. Since it is one of those compulsory events, it has to be done efficiently, and most importantly, on time. Do not panic; everyone goes through this mini anxiety when it comes to filing the taxes. To overcome your fear of filing taxes, here’s what you…

Let’s face it – tax can be a daunting endeavor. With the need to crunch some serious numbers, and not to mention a ton of considerations, many people are hesitant to tackle what is often considered an unbeatable beast. But this can’t be further from the truth. In fact, one of the best ways of understanding the dos and don’ts of tax is a thorough understanding of the don’ts. In this short piece we’ll take…

If you think you are paying too much taxes in your country, try checking some of the best tax havens in the world on this unique top list. This list of Top 10 Tax Havens In The World has been based on few criteria including: tax politics, quality of life, legal security, security, geographic location, the quality of investment programs of local authorities and more. 1. Antigua and Barbuda On the first place we have…

Preparing taxes is a task no one really wants to do. It gets frustrating to see how this experience turns into a step-by-step process that does not seem to end or take a break. Still, since we are living in the 21st century, something needed to change – something for the better. Without hiring a tax consultant, believe it or not, online tax software is the next best thing. Due to this requirement, many tax…