If you run a small business, chances are you’ve had those moments where you sit down with your books and think, “Wow… this tax stuff is way more complicated than it should be.” Maybe it hits you while you’re trying to wrap up your quarterly reports, or maybe during that dreaded year-end tax planning session. …
A Beginner’s Guide to the Tax Code for Small Business Owners Read More »
On March 13, 2020, The Biden Administration implemented a Covid-related federal student loan moratorium. For many borrowers, this brought about great financial relief by postponing all student loan interest and principal payments, especially in combating the economic hardships of the COVID-19 pandemic. In addition, since his election into the White House, many have looked up …
The difference between Tax Avoidance and Tax Evasion comes down to one word, Legality. Starting with the “Tax Gap” we can use this to understand the impact of not paying your taxes. The tax gap is the gross difference between the tax liability for a given year and the amount of taxes paid on time. In other …