If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit.
If the combined value of all property you donate is more than $500, you must prepare IRS Form 8283.
While Account Payable refers to how much a business owes,Accounts Receivable(AR) encompasses the money owed to the business. It refers to the money that is expected from customers but has not yet been paid. Like Accounts Payable, AR could refer to the department responsible for this money. ...
6.25% is the sales tax in Boston, lower than many other large cities. The True Cost of Living in Boston Resting on the 27th spot in U.S. News’Best Places to Liverankings for 2019, Boston charms with its New England allure, fostered by a long history that has left its mark on anyth...
Most investors don't like to see their portfolios drop by a correction-sized amount of 10% or more within a few weeks, but this is part of investing in the stock market. While all investors know that stocks don't go up forever, a few good months can create a false sense of security...
What is a value-added tax (VAT)? A value-added tax (VAT) is very similar to a traditionalsales tax, in that the consumer pays it at the point of purchase. It's typically a percentage of the price of the product, but standard VATs range greatly among nations. ...
Have you ever wondered what exactly a tax 'write-off' is? For many, this is the trickiest part of filing their taxes. Use this guide by QuickBooks to help.
Seasonal businesses are responsible for paying sales and state taxes just like any other business, but there are some differences related to payroll taxes. Seasonal hires are subject to federal and state income taxes, and unless the employee is an independent contractor, you must also withhold ...
Make sure the actual word ‘invoice’ is clearly at the top of your document. It must be completely obvious, maybe use a large bold font. You don’t want anyone to be in any doubt that they are receiving your invoice. 2. Assign an Invoice Number ...
An itemized deduction is an expense that can be subtracted from youradjusted gross income (AGI)to reduce your taxable income and lower the amount of taxes you owe. Taxpayers can itemize deductions likemortgage interest, charitable gifts, and unreimbursed medical expenses, or choose to take thestan...