Knowing the tax date matters. And there is a reason why it is such a big deal for all taxpayers in the U.S. Do you know how much you will lose just paying penalties for missing deadlines in filing and paying taxes? So, continue reading to know what the deadline for filing taxes is and how to keep track of the tax due date. Information on Tax Date | Frequently Asked … [Read more...]
Self Employment Tax Rates | Business Tax Deduction
As a self-employed individual, learning the self employment tax rates, business deductions, and quarterly estimated payments, among others, is a must. After all, working by yourself or managing a business does not exempt you from paying your dues to the government. In fact, you bear complete responsibility for all of them. Self Employment Tax Rates | A Guide to Remember In … [Read more...]
What Is An LLC? Frequently Asked Questions
Most entrepreneurs wonder what an LLC or a limited liability company is and how it works for businesses. It is the newest form of business that instantly became a favorite among entrepreneurs, particularly the small to medium-sized company owners. Read on to learn how to start an LLC, what its advantages are, and more. What Is LLC and How Does it Work? What is LLC or … [Read more...]
What Federal Tax Exemptions Can I Claim?
Besides claiming your tax refund, a taxpayer can save more money and reduce their financial obligation by knowing the changes in the federal tax exemptions. Federal Tax Exemptions | The Numbers and Changes That Matter In This Article: Personal Exemptions for 2017 Spousal Exemptions for 2017 Dependent Exemptions for 2017 Changes to Federal Tax Exemptions … [Read more...]
Calculating Tax For Self Employed Individuals | Frequently Asked Questions
Taxes for self-employed individuals are certainly different from employed ones. Other than the obvious difference in who pays for the taxes, there are several other things you need to keep in mind when filing as a self-employed individual. Read on to learn about self-employment tax forms, deductions, and more. Tax for Self Employed | All You Need to Know What Is Your … [Read more...]
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