How Are C Corps Taxed? Here’s Everything You Need To Know!

best-tax-palnning-in-plano When it comes to taxation C corps, the first thing that you need to know is that they are subject to double taxation - while the profits earned by C corps are taxed at the corporate level, the profits distributed as dividends are taxed at the individual level. This is one of the major differences between C corps and other business entities such as S corps, [...]

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IRS Declared To Offer Tax Relief To The Victims Of Hurricane Florence!

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Good News For North Carolina Residents - IRS Declared To Offer Tax Relief To The Victims Of Hurricane Florence!   While the residents of North Carolina suffered major [...]

Are Your Gifts Taxable? Unfortunately, Yes!

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  If you have ever offered or received a gift, you are bound by certain tax norms. Yes, the IRS imposes a tax on gifts. The Gift Tax was introduced to prevent [...]

Know About The Tax Deductible Business-Related Travel Expenses!

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Self-employed individuals or business owners often require to travel for work-related issues. And when you are required to travel frequently for the benefit of your [...]

Stock Market Guide for First Time Investors

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Are you a first-time investor? These tips will show you how to approach the stock market!   Although the stock market may seem like a good place to multiply your [...]

IRS can revoke your passport without warning!

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Can The IRS Revoke Your Passport Without Notifying You? Yes, It Can!   If you’re planning to apply for a passport for that much-awaited foreign trip, you better [...]

New Tax Reforms to lead to a shock in April 2019!

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If You Aren’t Alert And Active In Planning Your Taxes From Now, You Might Be In For A Massive Shock In April 2019!     Ever since the Tax Cuts and Jobs [...]

Having Trouble Accomplishing Your Financial Resolutions? This Practical Guide Is What You Need!

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Ever wondered why new year resolutions never work? Because without a plan, they are merely empty resolutions. And when it comes to financial resolutions and goals, [...]

How will new tax reforms impact your W-4 withholding?

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The Trump Tax Reform has brought about a major change in the taxation laws in the US. While the federal tax reform has doubled the standard deduction rate, increased the [...]

Are You A Social Media Influencer? Here’s All You Need To Know About Tax Filing!

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  If there’s one thing that everyone around the world is doing, it is making their presence known on social media. In fact, the social media network has become [...]

Tax Deductions for Business Use of Vehicles

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If you are a business owner, the Tax Cuts and Jobs Act has brought about a welcome news for you! The Act allows small business owners to deduct various costs associated with [...]