by Jarel Daniels | Feb 1, 2021 | Tax & Accounting
Tax Deductions and Credits to Consider for this Tax Season When it comes to taxes, the words deductions and credits are like music to an accountant’s ears because both help you to keep money in your pockets. While they both help you to save money, they do it...
by Jarel Daniels | Jan 27, 2021 | Tax & Accounting
Understanding Income Brackets and Rates for this 2021 Tax Season Here’s how income brackets and tax rates work..Your tax rate (the percentage of your income that you pay in taxes) are based on what tax bracket (income range) you’re in. Take note that for 2020 tax...
by Jarel Daniels | Jan 25, 2021 | Tax & Accounting
Tax Season is Here Thanks to the Corona Virus, the VID, Covid-19 or whatever it is that you prefer to call it, a lot has changed for the 2021 tax season. We cannot stress enough how important it is to start thinking about your tax situation now, while there’s still...
by Jarel Daniels | Sep 30, 2020 | Tax & Accounting
What is a Trust Company? A trust company is a legal entity that serves as a trustee on behalf of a trust of a person or organization. It is typically tasked with the administration, management, and the eventual transfer of assets to beneficiaries. Rather than choosing...
by Jarel Daniels | Sep 1, 2020 | Business Development, LCC, Limited Liability Company, Tax & Accounting
LLC: Limited Liability Company A Limited Liability Company (LLC) is a business wherein owners are not personally liable or accountable for the company’s debt and liabilities. The business owners have personal asset protection with pass-through taxation. LLC is a...
by Jarel Daniels | Aug 28, 2020 | Importance of Income Statement, Income Statement, Tax & Accounting
One of the three most important financial statements is the Income statement. It is where revenues, expenses, and overall profits or losses are reported for only a specific period. Here, all the costs that contribute to the final earnings are evident, which is also...
