This guide will inform self-employed photography business owners on the different expenses that can be claimed to minimise the tax owed on their federal tax return.
Read More
The Health Coverage tax Credit (HCTC) used to subsidize a large portion of the cost of health insurance for eligible taxpayers and their family members. The purpose of the credit is to make health insurance more affordable to specified individuals. Generally speaking the credit is claimed by qualified unemployed individuals and retirees. The HCTC is currently set to expire on December 31st, 2020.
Read More
As a US citizen who has received foreign gifts of money or other property, you may need to report any gifts your receive from a foreign person on a Form 3520. A Form 3520 is an informative return, not a tax return, because foreign gifts are not subject to income tax. However, there are significant penalties for failure to file a Form 3520 when it is required.
Read More
Your tax filing requirements for Georgia State are determined by your residency status.
Full Residents
As a full resident of Georgia State you are required to file a Georgia State Tax Return if any of the following apply to you:
Read More
The Sate of New York requires its citizens to file a state tax return. Citizens are generally required to file a return to the state if they are required to file a dederal return. You can also be required to file a New York State return if you’re a non-resident of New York and you have income from a New York State source.
Read More
Keeping on top of your taxes is not an easy job, let alone understanding tax law and allowances well enough to avoid penalties and maximise on profit margins.
Read More
As an American citizen making the big move to the UK there a number of things you have to consider and be aware of, a key one being your UK and US tax obligations.
Read More