The annual gift tax exclusion is $15,000 for the 2021 tax year. (It was the same for the 2020 tax year.) This is the amount of money that you can give as ...

A recent Department for Work and Pensions (DWP) study examining the attitudes and behaviours of self-employed parents liable for child maintenance noted t...

Is there a penalty for not having insurance? There is no federal government penalty for being uninsured in 2021, but you still need coverage! The ACA’s fe...

If you need to make a change or adjustment on a return already filed, you can file an amended return. Use Form 1040-X, Amended U.S. Individual Income Tax ...

The credit card charge-off rate is a measure that shows the percentage of defaulted credit card balances in comparison to the total amount of credit outst...

Independent Contractor vs. Employee Independent contractors provide goods or services according to the terms of a contract they have negotiated with an em...

As I mentioned any changes other then medical receipts or unused rrsps can be claimed carried forward, however for childcare it must be entered in the yea...

To calculate net income for a business, start with a company’s total revenue. From this figure, subtract the business’s expenses and operating costs to ca...

You CANNOT do that. Each tax year has to be prepared and filed separately. The current online software can only be used for a 2018 tax return. Online prep...

If you’ve been watching or reading the news lately, you might have noticed that Californians are moving to the Gem State in droves. Idaho was America’s fa...