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Is interest on loan allowable expense?
The general rule for businesses chosen to use the cash basis & no deduction allows for the interest paid on a loan. This is, subject to a specific exc...
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Global News
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Do combat Veterans have to provide proof of income?
During this period of enhanced benefits eligibility, combat Veterans are not required to disclose their household income information, but may do so to det...
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Can you be gifted a house in Texas?
2 – It’s fairly easy to give your house to someone in Texas. The best way to give away your house is to get in touch with an attorney to draw up the deed ...
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Are taxi drivers employees or contractors Australia?
Taxi drivers generally enter into written or verbal agreements to do work for 1 or more taxi operators. Taxi drivers are generally self-employed. In very ...
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How do I show SEISS on my tax return?
On the main tax return (SA100) you will need to complete box 20.1 which states ‘If any of your businesses received coronavirus support payments (such as C...
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What is a q2 941?
The revised Form 941 includes lines to report: Credit for qualified sick leave and expanded family and medical leave wages. Employee Retention Credit. Def...
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How do I find my Schedule C business code?
How can I find a specific Business Activity Code for the Schedule C in the 1040 package? To enter a principal business or professional activity code for a...
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How do I become an international seller on Amazon?
Here is a complete guide that explains how to sell globally on Amazon. Step 1: Register to sell globally on amazon. Step 2: Enter the required details and...
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When to pay capital gains tax on selling a home?
Your home is likely your single biggest asset. Certain factors exempt your home from paying capital gains tax when selling homes including: If you owned t...
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Can you be a US permanent resident forever?
As the name suggests, permanent resident status is generally constant. It’s granted to people who intend to live in the United States for the foreseeable ...
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