The Internal Revenue Service – The IRS Guidance on Safe Harbor, releases latest & complete guidelines for the businesses to understand all basics & benefits of carbon capture credits. The latest Revenue Procedure Notice 2020-12 (PDF) contains all the answers…
The Internal Revenue Service – IRS plans to visits high income taxpayers, announces that it will increase visits to the high-income taxpayers in the United States who didn’t file their returns on time last year. To ensure fairness and compliance…
The Internal Revenue Service reminds farmers and fishermen tax deadline of 2nd march for the taxation season 2020 in the United States. Many farmers and fishermen, who opt to forgo making quarterly estimated tax payments to the IRS, are now…
While other states contributes to the taxation of the country, on the other hand Texas will never have a personal income tax in the future because Texas deals in sales and excise taxes which sometimes become much higher than the…
Before starting off our topic and diving into the arena of obtaining the answers about a tax on a good has a deadweight loss if we are given few choices. Let’s find out the real meaning of tax first. We…
Usually people don’t feel the need of managing account reports for small scale businesses as the annual revenue is quite low when compared to large scale businesses. However, it is equally important to create and manage accounting reports to keep…
Income Tax Withholding Rules 2020; The Internal Revenue Service (IRS) in collaboration with the U.S. Department of the Treasury today proposed updates regarding the income tax withholding rules in the United States. You can visit IRS proposed regulations page to…
Black Ink is one of the renowned and trust-worthy outsourced accounting & taxation services providers in Brooklyn, New York. Not only we are growing in the number of our satisfied clients list, but we are also expanding our services throughout…