What is per diem? The per diem rates is an important data that decides the allowance paid employees for lodging, meals, and incidental expenses incurred when travelling. In other words, per diem rate is a daily payment to reimburse you...
Read moreCapital gains calculator will help you to estimate tax on long term capital gains or short term capital gains
Read moreHere is a SEP IRS calculator for the self employed business owner
Read moreThe Trust Fund Recovery Penalty is a penalty imposed upon responsible and willful individuals who fail to collect and/or pay over to the government as per 26 U.S. Code § 6672, taxes they are holding in “trust” for their employees....
Read moreThe enhancement of solar tax credit via the recently enacted- Inflation Reduction Act of 2022 was signed into law by President Joe Biden on August 16th, 2022. has given a new lifeline to the solar industry with various tax incentives for...
Read moreSection 3101 of the Internal Revenue Code imposes a tax on wages earned by an employee. The responsibility to deduct this tax (commonly known as employment taxes ) lies on the household employer. So, if you are employing people for...
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