Bankruptcy is a scary and unwelcome reality in any person’s life. However, this unfortunate reality strikes people’s pockets. It can affect many other areas of your life, like financial dealings with other people or the government through tax debts. Therefore,…
Tax
Tax Facts: What You Need to Know About Filing an Income Tax Return
Every financial year, individuals qualified to pay taxes (which is usually determined by age, civil status, and most of all, income) are highly encouraged to file an Income Tax Return or ITR. Some people think that filing for one is…
Top 6 Most Overlooked Tax Deductions
Paying taxes can be stressful. Even with the plethora of free tax tools at your disposal, the idea of going through your entire financial history for the year can prove daunting. While you’re recollecting all of this information, you will also need…
Tax Tips During Tough Times: 7 Surprising Strategies to Improve Cash Flow
It’s safe to say it has been a year of significant financial blows for business owners. Many have put their long-term goals on hold in an effort to come out the other side with their business still intact. No one…
Taxes: 5 Things You Need to Know
You may be wondering what there is to know about taxes. Some people may feel that they should have no knowledge at all of the topics, but the reality is that knowing how taxes work can be important if you…
5 Ways How Cloud-Based Accounting Can Save You Money
Every modern accounting business aims to keep unnecessary expenses at a minimum, but we all are aware of miscellaneous expenses that show up regularly. Even when the finances are managed smoothly, there is always a need to save more to…
The Three Tax Trends In 2020-21 Affecting Global Economic Growth
Around sixty percent of Americans don’t oust paying taxes as they find it difficult. It’s true that filing tax is a difficult task as it demands a lot of paperwork, time, and effort. Taxes might be a valuable certainty in…
Qualifying for Research and Development Tax Incentives: 5 Things to Know
Any government gives a business tax credit to encourage innovation. A tax incentive can go a long way in boosting your business. However, some companies are not aware they qualify for such grants. Through the research and development (R &…
5 Steps to Prepare for a Tax Audit in the UAE
No matter what industry you are in, there is a good chance that you will have to be audited at some point. Whether you chose to do an internal audit, an external one or you have an FTA-conducted one, you…
Building a Robust Tech Stack for Your Professional Accounting Firm
A growing shift towards technological assistance has been observed in the accounting fraternity. Tax preparation guides for freelancers are now being provided online, along with software applications that can really help accounting professionals gain an extra edge. These software apps provide the additional…