Taxes & Compliance

The pandemic has brought countless financial challenges for businesses, and things have changed for them on every front, including taxes. Even as the government has offered support through extended deadlines and breaks, you need to be extra careful about keeping things on track. Year-end tax planning, in these circumstances, becomes more important than ever. Having

For the most part, the IRS will correct common errors that they catch on a tax return while processing it. There are certain instances where the IRS may be unable to fix a return and it will require the taxpayer to amend their tax return in order to make the correction. Taxpayers now have the

If you’re in a civil partnership, you need to know how to sort out your taxes if you’re going to claim your partner as a dependent on your tax return. Civil partnerships were codified into UK law more than a decade ago, with the introduction of the 2004 Civil Partnership Act. For the last couple

When filing your taxes as tax season comes around, the last thing anyone wants to see is the unexpected surprise of a large tax bill. Yet, keep in mind that taxes may increase. And you don’t want to experience tax burden. If you really want to save a lot of money, some of these items