by Harry | Jul 30, 2018 | Tax Planning
We all know it’s a laborious job sitting down and completing forms, even if they are important tax forms., but they have to be done. Procrastination is the number one reason why so many people file their tax returns at the last minute. The date always seems so far...
by Harry | Jul 17, 2018 | Tax Planning
With the gig economy, more and more of us are holding second jobs, or side gigs that generate a fair bit of income. The extra cash is nice to have, but all this can be quite a nightmare come tax season. The US also employs a progressive tax system, which means that...
by Harry | Nov 6, 2017 | Tax Planning, Tax Tips & Tricks
The IRS has released tips and rules all applicants must follow when filing their taxes. Because of the continuing confusion regarding tax filing, both manually and digitally, it is recommended to use the IRS e-file, or Free File, on their official website, IRS.gov. It...
by Harry | Nov 3, 2017 | Tax Planning, Tax Tips & Tricks
In a case of a false-positive in local politicking, the St. Clair County council have voted to take a pay cut on a pension coming from the state’s Municipal Retirement Fund while also voting to raise property taxes. The former vote helps prevent elected members from...
by Harry | Oct 30, 2017 | Tax Planning, Tax Tips & Tricks
In the aftermath of the horrific hurricane strikes from Irma and Maria, the Internal Revenue Service (IRS) has issued a specialized declaration to help give relief to all residents in Puerto Rico and the Virgin Islands. Puerto Rico was listed as a disaster area by the...
by Harry | Oct 24, 2017 | Tax Planning, Tax Tips & Tricks
Having seen a loss of $40 million in public transportation revenue, Chicago Mayor Rahm Emanuel has presented a plan on raising taxes on non-public transportation services, namely Uber and Lyft. Despite improvement in cab drivers’ pay and minor increase of fees against...
