Federal and state taxes are a fundamental aspect of the American economy, and they play a crucial role in funding government programs and services that benefit the country’s citizens. Understanding how federal and state taxes work on earnings is essential to managing your finances and complying with the tax laws. In this blog post, we … Read more
Tax will impact your business’s cash flow, so start with a basic understanding of how to improve cash flow by being tax efficient.
As we see many more shut-downs, lock-downs and isolation of our countries and public one has to wonder how this affects the globally mobile workforce from a tax perspective? Many of our clients, both employers and employees are asking what the tax impact of travel restrictions and potential lock-downs will mean for their workers who … Read more
Special Alert for America After passing the House and the Senate, President Biden signs the new law in to effect on March 11, 2021, This new Act will through many American a much needed lifeline that will help recover from the impact of the COVID-19 pandemic. With the signing of this new law many changes … Read more
During 2020 the Chancellor announced a Stamp Duty Land Tax holiday to encourage fluidity in the UK property market. With low interest rates and tax cuts to encourage buyers we saw a large increase in the amount of lending and home purchases through out 2020. Despite this the temporary tax breaks the UK still has … Read more
As part of the American Rescue Plan Act signed into law in March 2021. the U.S. Government pledged to increase child tax credits for eligible taxpayers and make this a refundable credits. The biggest change to this credit is that it will begin being deposited into Taxpayers accounts from the 1st of July, 2021. Recently … Read more
IRS Guidance on Unemployment Exclusion The American Rescue Plan Act was signed into law on on March 11, 2021. With it brought many extensions to financial support for taxpayers and businesses. From that date there have been a few changes and a bit more clarity on some of the exclusions that can be taken by … Read more
It’s no secret that with COVID-19 plunging out stock market into a state of volatility many personal investors have taken the Bullish approach of buying when the prices are low. Leaving all opinion aside on some of the happenings, such as GameStop, we should turn our attention to what is happening with Virtual Currency and … Read more
As Cryptoassets gain in popularity it comes as no surprise that policy makers have been asked to expand on and specify guidance already in place on the treatment of such transactions. Are Cryptoassets a currency or a capital asset? When is a transaction a taxable event? Many are of the opinion that crypto trading … Read more
