You are here: Home » Taxes

Taxes

Getting In Line for Online Taxes

One of the great conveniences the internet has brought to everyday citizens is that of online taxes. What used to be the long and arduous task of confusing instructions and paperwork is now a clear and concise process for many. Using computer programs to decipher and execute the many steps and instructions for paying taxes [...]

On a Roll with Payroll Taxes

Whether it is a large corporation or the small business owner, one of the obligations that come with having employees presents itself in the form of payroll taxes. Nearly every country in the world has some form of payroll tax system in place. Often referred to as withholdings, employers are legally required to keep a [...]

Getting the Goods on Property Taxes

For those who own real estate, property taxes are the fundamental hallmark of realty ownership. No matter where in the world a person goes, they will find nearly every country has some form of property tax and that each has their own way of formulating contributions. In countries like the United States, property taxes are [...]

State Taxes at a Glance

State taxes are enforced contributions levied upon individuals by their state of residence. Except for Alaska, Washington, Nevada, Wyoming, South Dakota, Texas and Florida, every state in the union imposes a state tax in the form of a percentage to a resident’s income. These percentage rates can vary from the highest at 9.5% for Vermont [...]

The Brief Basics of Taxes

A tax is an enforced contribution that helps to pay for various government services such as roads, schools or public health care and utilities. Taxes are levied by government entities and come in various forms, most commonly via direct and indirect taxation. Direct taxation can be most easily defined as taxes paid straight to the [...]

Defining Independent Contractors Versus Employees

The definition of an employee, according the IRS, is someone that you tell what you do, how to do it and monitor their work. If this is how you treat those that you hire, then they may be considered employees, not independent contractors. Independent contractors are actually running their own business and they should be [...]

Capital Equipment And Section 179: Over Time or All At Once?

You are upgrading the computer system in your business and to do so you need to invest in a variety of new computers. You will use them solely for your business and therefore they qualify as deductible expenses. But, do you deduct them all at one time or do you need to consider it capital [...]

What Are Capital Expenses?

Those consider capital expenses are wondering, how do I know if something falls under a capital expense or a current expense? It is a perplexing consideration. Under tax law, anything that will help you to generate a business income over several years is considered a capital expense. For example, if you invest in a copier [...]

← Previous Entries

Next Entries →