Capital Gains When Selling Horses Or Cattle
To get a general view about how capital gains are taxed we recommend reading this post first. If you are a farm owner or equine...
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CPA SERVICES AND TAX PREPARATION
INDIVIDUALS / SMALL BUSINESS / EQUESTRIAN / EXPATRIATES
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- Aug 31, 2021
- 2 min
Capital Gains: Long Term vs Short Term
What is a capital gain? A capital gain occurs when an asset is sold for a price higher than the purchase price. This gain is a taxable...
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- Aug 24, 2021
- 2 min
What Are The Tax Rates For 2021?
What is a tax rate? A tax rate is the percentage at which an individual or corporation is taxed. In the US we have a progressive tax rate...
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- Aug 17, 2021
- 2 min
What Is The Tax Power of Attorney?
General definition A power of attorney is a legal document that authorizes a person to make medical or financial decisions on your...
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- Aug 13, 2021
- 1 min
What Are Itemized Tax Deductions?
The IRS allows most taxpayers a standard deduction which reduces their taxable income by a predesignated amount. For some taxpayers, it...
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- Aug 13, 2021
- 2 min
What Is The Balance Sheet?
Are you a business owner? Knowing how to interpret financial statements is a necessary skill used to make important decisions and...
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- Aug 13, 2021
- 2 min
Deducting Horse Breeding Expenses
Today, we are going to cover how to deduct horse breeding expenses. These guidelines apply to businesses using the cash accounting...
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- Aug 13, 2021
- 1 min
What Is The 15% Global Minimum Tax Proposal?
There's a potential overhaul of the global taxation of multinational corporations on the horizon. The goal of the proposed 15% global...
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- Aug 13, 2021
- 1 min
What Is An Expat?
The word expat is short for expatriate. In simple words, an expat is a person residing and/or working in a country other than their...
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- Aug 13, 2021
- 2 min
How To Report Foreign Financial Assets In Your Tax Return
It’s not uncommon for Americans living or working abroad to acquire different types of foreign financial assets. If you’re a US taxpayer...
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- Aug 13, 2021
- 2 min
Depreciation According To The IRS
When it comes to business expenses, you can't necessarily deduct the entire purchase price in the year acquired. You may be required to...
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