updates
What are the categories of a hotel?
Categories for lodging businesses: Hotels and Vacation Rentals Hotel. A hotel is a commercial establishment offering lodging and guest services provided b...
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Did self-employment tax go up in 2019?
The IRS states that the self-employment tax 2019 rate is 15.3 percent on the first $132,900 of net income plus 2.9 percent on the net income in excess of ...
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How are short term capital gains taxed in a trust?
Capital gains from this amount may be taxable to either the trust or the beneficiary. If the income or deduction is part of a change in the principal or p...
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Can I work for a US company while living abroad?
In Summary: The U.S. Labor Department, the IRS, the SBA, and U.S. Immigration lawyers all say it is legal for a U.S. company (or any U.S. employer) to hir...
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When two companies combine to form a larger company they?
Merger: When two companies combine to form one new company. There is nothing left of the combining companies. Acquisition: When one company buys another a...
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Is preschool eligible for dependent care credit?
Yes. Nursery school, preschool, and similar pre-kindergarten programs are considered child care by the IRS. Expenses for overnight summer camps, kindergar...
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Can a company donate services to a charity?
Corporations and S corporations can make charitable donations on their business income tax returns. All other businesses pay taxes as pass-through entitie...
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Does a sole proprietor need workers comp in Ohio?
An individual incorporated as a corporation, sole owner, zero employees does NOT have to establish or maintain an Ohio workers’ compensation policy unless...
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Does Pennsylvania tax Unemployment Compensation?
Although unemployment compensation is not taxable for Pennsylvania personal income tax purposes, this form will be an important part of preparing your tax...
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Does an accountant prepare taxes?
Although doing your taxes independently using tax software can save you money versus hiring a professional, there are many benefits of working with a CPA....
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