As a business owner, one of the most important things you need to understand is how taxes work. One question that comes up frequently is whether or not business owners are required to pay personal income tax. The short answer…
As an Uber driver, one of the most important things to consider is how your earnings are taxed. While driving for Uber can be a convenient way to make money, it also means that you are considered self-employed and are…
When it comes to taxes, most people think of paying their fair share to the government. But does the government also have to pay taxes? The answer may surprise you. The government, like all entities, has a responsibility to pay…
Are you employed by a non-profit organization and wondering if you have to pay taxes on your income? The tax laws for non-profit organizations can be complex and confusing. In this blog post, we’ll break down the tax exempt status…
In Canada, income tax is a crucial source of revenue for the government and is used to fund public services and infrastructure projects. As a Canadian resident, you are required to file a tax return each year to report your…
Individual income tax is a tax imposed by the government on the income earned by individuals. It is one of the most important sources of revenue for the government and is used to fund various public services and infrastructure projects….
Retirement can be an exciting time, but it also comes with new financial challenges. One of those challenges is figuring out how to save on taxes. As a retiree, you may have a fixed income and a limited ability to…
Are you looking to make a charitable donation and maximize your tax deductions at the same time? Look no further! In this article, we will discuss the top tax deductions for charitable donations, including eligible organizations, types of deductible donations,…
When going through a divorce, it’s important to understand the potential tax implications for both parties. Not only does your filing status change, but property division and alimony payments can also have significant tax consequences. In this article, we’ll dive…
In this blog post we go over understanding the importance of tax deductions for education expenses. Are you looking for ways to save money on your taxes while investing in your education? Look no further than education tax deductions! These deductions…
Filing taxes for a deceased person can be a complicated and emotional process. It is important to understand the deadline for filing, what documents are needed, and who is responsible for the filing. In this guide, we will provide a…
Investing in cryptocurrency can be a great way to earn passive income, but it’s important to understand the tax implications before diving in. Cryptocurrency is considered property by the IRS, meaning that you will need to pay taxes on any…
As a self-employed individual or freelancer, filing taxes can be a daunting task. The 1099 form is a critical document that reports your income as an independent contractor, and it’s important to understand what expenses you can write off to…
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