Taxation is as old as ancient Egypt, which means the taxation concept was born around 2000-3000 BC maybe before it but we don’t know that yet. Since then it has evolved into our current tax system. Taxes are financial contributions from your income to the
Under the Biden administration, a large push for an increase in the child tax credit and education spending has been made. This was a large part of Biden’s campaign, and part of it that he is seeing through. About two weeks ago, the first payments
A group of 130 nations has agreed on the broad outlines of a global minimum tax on corporations. The Biden administration deems this a huge step forward in its effort to overhaul the tax system and generate more revenues for domestic spending. The agreement means
Recently, Biden and the Senate have been going back and forth on the newest infrastructure bill—some saying the plans were not comprehensive enough, some saying exactly the opposite. But finally, Biden has declared, “we have a deal”! What exactly does this bill include and what
When the Relief Bill was passed in March, millions of people were – simply put – very relieved. Just the knowing that you were going to get an extra $1,400 to spend on the things that you need or the things that you want was
Tax season has arrived and let me tell you…it’s going to be a doozy. Because of the pandemic that hit us hard, filing taxes aren’t going to be as simple as you may think. TurboTax and H&R Block are trying to make it easier by
Incorrectly filing your taxes can lead to paying thousands of dollars to the IRS later. The IRS audits one million tax returns each year, and if you’re earning over $100,000 a year or claiming no income, you’re at an increased chance of auditing. Even if
Want to know something mind boggling? Try to remember way back to the beginning of the pandemic when we all went into fearful lockdown mode…Remember when the government sent out stimulus checks to those that qualified? Well, it turns out that those checks didn’t only
This year, we have all been experiencing the hardships brought on by the pandemic, economic recession, and other factors. Perhaps some of the most impacted by the volatility of the economy and consumer spending habits this year is the small business owner. The economy has
This year has been one obstacle after another. From the start of the pandemic to killer hornets to the presidential election, the world around us has only proved to be more complicated and difficult than anything we have ever faced before. With the upcoming presidential
Most people think going it alone is the only thing that can help them financially in today’s chaotic and competitive (and now isolated) world. But that’s not the whole story at all. It would seem that there are many ways of earning if Joe Biden
Doing business is a complicated and sometimes grueling process that often involves juggling multiple responsibilities to employees’ clients, vendors, and governments. Some entrepreneurs, like me, enjoy the juggling act; others have come to despise it. Well, if you are an employer in the State of
