Tag: taxes
Tax preparer vs Cpa
Which is better for you, a tax preparer or CPA? Both have their pros and cons, but one may be a better fit for...
3 Types of Payroll Taxes You Should Know About
Payroll taxes are the taxes employees and employers must pay to the government based on their earnings. The earnings will include standard salary or...
How Financial Advisors Will Guide You Through the Will Process
The death of a loved one, whether expected or not, can be a trying experience for the entire family. This is especially true when...
Common Tax Problems Small Businesses Face
You can face many surprises in a business that you own and operate yourself. However, one of the most certain things to expect is...
Tax requirements as a freelancer
What is a freelancer?
A freelancer can be defined as someone who earns money or is paid on a per-job or per-task basis. This means...
Understanding W-2 vs W-9 Forms: Which Should Your Business Be Using?
The W-2 form and W-9 form are tax documents that apply to different employee category types. Knowing what tax documents to use is essential...
Kiddie Tax
DefinitionThe kiddie tax rule exists in the United States of America and can be found in Internal Revenue Code § 1, which "taxes certain...
Harmonized Sales Tax – HST
DefinitionThe harmonized sales tax is a consumption tax in Canada. It is used in provinces where both the federal goods and services tax and...
Hardship Withdrawal
What is 'Hardship Withdrawal' An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In...
Impound
What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and...