technology insights
What is compensation withholding tax?
Withholding Tax on Compensation is a tax on an employee’s income. Generally speaking, it requires employers to deduct and retain a certain percentage of a...
Read Journal Category
Technology Insights
technology insights
What type of business is a fencing company?
The fencing business is one of the sub sections of the construction industry. This is a business that is focused on building fences for various uses. How ...
Read Journal
technology insights
What happens if I exercise my options?
The hope is the value of the shares will go up and you’ll be able to sell them for (much) more than you paid. Exercising stock options means purchasing sh...
Read Journal
technology insights
How long does it take target refunds to process?
Refunds to a Target RedCard typically take 1-2 days. Refunds to a third-party credit card typically take 1-3 days. For information about refunds to a thir...
Read Journal
technology insights
What kind of record should a small business keep?
You should keep gross receipts documents such as: Cash register tapes. Deposit information (cash and credit sales) Forms 1099-MISC. How do I start a recor...
Read Journal
technology insights
Can Medicaid Take an inherited IRA?
A state can’t claim your IRA to pay for Medicaid, whether or not you have beneficiaries, but normally, the state requires you to spend down your IRA asset...
Read Journal
technology insights
How can I get a copy of my 1099-R?
You can download your Form 1099-R by logging into your account online: You can also call them and request that they send a copy of your Form 1099-R at (88...
Read Journal
technology insights
Why is my tax return always so small?
Answer: The most likely reason for the smaller refund, despite the higher salary is that you are now in a higher tax bracket. And you likely didn’t adjust...
Read Journal
technology insights
What happens if your brother is on the deed?
If your brother is on the deed, your mother had to sign it to include his name. Children do not automatically inherit. It’s a matter of a parent’s choice....
Read Journal
technology insights
Does Hong Kong have a tax treaty with Australia?
Tax treaty between Australia and Hong Kong? No. However, Australia is likely to allow a foreign income tax offset for tax paid on Hong Kong-sourced income...
Read Journal