We get so caught up in the hype that we avoid the truth!
These company’s are not operating in our best interest, nor are they as transparent as you think.
Reign Supreme Financial
I have clients say, “I do my own taxes and it’s free.” My only question is, are you sure?
As a partner of Jumping Jack Taxes our mission is to circulate money back into our communities while providing transparency and financial education. We believe in PEOPLE OVER PROFIT!
Want your taxes completed by a professional but can’t the find time? CR Bookkeeping can help. Our mobile app allows your taxes to be completed without ever having to step foot in the office. Contact us today for more information!
As a general rule, a Singapore company is taxed on the income earned in the preceding financial year. This means that income earned in the financial year 2018 will be taxed in 2019. To assess the amount of tax, Inland Revenue Authority of Singapore (IRAS) looks at the income, expenses, etc. during the financial year. This financial year is known as the “basis period”. The basis period is generally a 12-month period preceding the Year of Assessment.
Do you plan to give clients gifts for the holidays? If so, they could be tax deductible. If you give business gifts in the course of your trade or business, you can deduct all or part of the costs with some limitations. You can deduct UP TO $25 of the cost of business gifts you give directly or indirectly to each person during your tax year. Direct gifts are those directly related to a business relationship. Indirect includes family members of those you have direct business relationships with. If the gifts exceed $25, only $25 of the cost is deductible. Incidental costs including packing, shipping, and things like engraving are not included in the $25 limitation unless it adds significant value to the gift.
If the gifts hold a value of less than $4 and has your business name permanently engraved, this is not considered in the $25 limitation. It becomes a promotional or marketing item which is also tax deductible. An example of this type of gift is a pen. Who doesn’t love a good writing pen!
To find out more about tax deductions or to see how I can help you in the upcoming tax season, click the link below to schedule your strategy session today.
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If you get failed on anything that you've applied in your business then just don't get worry just get an knowledge and experience from try next time with perfection, and at the end you'll absolutely win, you just have to survive and never give up.
Why wait until January? If becoming a homeowner is going on your vision board for 2020 or if you’re looking to purchase with your income tax, let’s prepare and get you in position now to make your home purchasing dreams come true in the new year. And let’s discuss all the down payment programs currently giving away FREE money! 🏡😉💰 #homebuying101#atlantahomes#homebuyers#homeownership#newyearsresolution#incometax
Did you know that one of the red flags you should avoid when choosing a tax preparer is choosing one who boasts about how they can get bigger refunds than their competitors? If the tax return is done correctly, the refund or amount owed will be the same regardless of who you go to. The time it may be different is when you are going to someone who is inexperienced in tax law and deductions or when doing it yourself. .
Another red flag is if your tax preparer asks you to sign a return he or she didn't sign themselves. Make sure their PTIN is located on the return as well. This information can be found at the bottom of the return. .
Remember to do your due diligence while choosing a tax preparer. Find one who offers an accuracy guarantee, one who will back you, one who signs the return, ask about education, how they stay on top of the tax law, and always ask questions if something is not clear to you. A tax preparer should always be willing and able to explain the return, in detail, when a question is asked. .
#GoodMorning 💥 Got an early start this morning! 🤗
Getting things ready for this upcoming tax season ‼
If you have been thinking about starting your own tax Preparation business, (you've been using Turbo 🙄 to do family and friends taxes or you have bought expensive software to do taxes) Inbox us NOW! You can still be ready before this upcoming tax season!!! No upfront cost software. Training provided. Be able to offer refund advance loans..... 🗣Let's Talk 😎
1 55 hours ago
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During the past tax year Amazon paid $0 in taxes. You might ask how they did it. They must be criminals you say! No, they used loopholes in the tax law to reduce their liability.⠀
Simply put, in 2018 Amazon had a tax liability of 21%. But, with the help of tax breaks that liability is reduced to 0%. You might think it was because of the new tax cuts under Trump... Well you'd be wrong. This wasn't the first year Amazon paid $0 in taxes. They did the same in 2017. $5.6 billion in profit and a $0 tax bill.⠀
Do you think Amazon will have a big tax bill this year? Leave your thoughts below!⠀
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