Like mentioned before there were both benefits and negative impacts brought by tax reform. Most of the negative impact affects the itemized deductions. I have already covered those in another webinar. I will link that video bellow. Continue reading “Tax Reform Changes to Individual Tax Payers Tax Returns through 2025”
Tag: Income Tax
Federal, State and Local taxes for small startups?
So, you have started a new businesses venture, and wondering what taxes you need to file, to whom and what’s the difference. The U.S. Constitution authorizes U.S government(s) to collect various types of taxes from you. Each form of taxation is governed by separate and distinct bodies of law, and vary depending on where your business is register, under what entity type, what type of goods and services the business provides, and where the business provides these goods or services to their customers. Continue reading “Federal, State and Local taxes for small startups?”