Do you find yourself confused by the different tax reporting requirements for foreign assets? With so many acronyms and numbers to remember, it’s easy to feel overwhelmed. But fear not! In this blog post, we’ll break down the differences between Form 8938 and FBAR reporting requirements in a way that’sContinue Reading
Do you know why governments collect taxes? We pay taxes on our net income. That tax money is spent on developing public infrastructures like making roads and providing government schemes and other amenities to those people. IRS is the authorized body for collecting taxes and checking irregularities. In this post,Continue Reading
The tax season in the United States began on January 24. Since that date, the Internal Revenue Service (IRS) is accepting and processing 2021 tax returns. If you have already filed your taxes and are wondering when the IRS will start sending refunds in 2022, take note of these keys.Continue Reading
Social security in the vast majority of countries requires by law or regulations that both the employer and the employee formalize their situation before the social security systems, to access benefits such as medical care insurance or Medicare, disability insurance, old age, or survival. In the United States, the federal social security system has beenContinue Reading
Tax season is a stressful time of year, and while it’s good to get a refund, that isn’t always the case. Do you have to pay the Internal Revenue Service on a regular basis? If that’s the case, you should double-check that you’re not overpaying taxes. Having a kid isContinue Reading
TAX BENEFITS The Inland Revenue allows us to obtain discounts on taxes due on our income, “discharging from taxes” a whole series of expenses considered of particular social importance as they are generally incurred for the family and for the home. Among the main ones, we list, for example, health expenses, expenses for schoolContinue Reading
What does assurance mean in accounting. The IAASB Pronouncement Manual Glossary of Terms defines assurance as an engagement in which a practitioner expresses a conclusion with the intent of increasing the degree of confidence of potential users other than the responsible party in the results of the assessment. or measurementContinue Reading