3 Types Of Taxes To Be Aware Of When Selling Online
4 June 2018
If you sell items online through a service such as Etsy, eBay, Artfinder, or a similar website, you need to make sure that you are aware of the different types of taxes that you have to collect and pay. If you are making a profit off of your online business on a consistent basis, and you are using the online service as a way to do business, not as a small side hobby, then you need to make sure that you are collecting and paying the right type of taxes.
3 Reasons Your Business Needs A Bookkeeper
3 April 2018
If you own a small business, you likely have a long list of tasks that you need to make sure are completed by you or your employees each and every day. If you are starting to feel like you're burning both ends of the rope, perhaps it might be time to offload some of the more time-consuming tasks to another party. Here are three reasons why more and more business owners are choosing to retain the services of a firm that offers professional bookkeeping services.
Filing Taxes As Head Of Household: Requirements And Restrictions
17 January 2017
Most people know that they can file their taxes as a single person or as a married couple. But there's also an entirely different class of filing: "head of household." A head of household is an individual who has dependents who aren't their spouse. This type of filing conveys very similar benefits to filing as a married individual, including substantial tax breaks -- but it has to be understood to be used.
Deducting The Foreign Tax Associated With Dividend Income From A Foreign Company
20 December 2016
Many individuals diversify their portfolio holdings by investing in companies based in other nations. U.S. tax filers who receive dividend income due to their stock ownership in foreign companies may be eligible to take a tax deduction for taxes paid to a foreign government.
You may directly own shares in a foreign company, or you might have ownership in a mutual fund that has investments abroad. Either way, it is likely that your dividend income received from a foreign company is slightly reduced by taxes paid to the home country of the business.