Tax processing and preparation can be frustrating and even confusing for businesses. But, don’t worry, Bit Accounting has up-to-date tax blog posts to help you understand core things easily. Keep reading to learn more!
IRS Accepting Applications for TCE and VITA grants; The Internal Revenue Service (IRS) has started to accept applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs. TCE and VITA programs by the…
IRS Accepting Applications for 2021 for Low Income Taxpayer Clinics Grants; The Internal Revenue Service (IRS) has started accepting 2021 LITC Grant applications throughout the United States. For calendar year 2021, the application period for Low Income Taxpayer Clinic grants…
Cross Border Tax Guidance Regarding Coronavirus-Related Travel Disruptions; The U.S. Treasury Department and the Internal Revenue Service (IRS) issue guidance that provides relief to individuals as well as businesses affected by travel disruptions arising from the COVID-19 emergency. Cross-border guidance…
Tax Deadline Delayed For Alcohol, Tobacco, Firearms And Ammunition Businesses by the Internal Revenue Service (IRS) and the U.S. Department of the Treasury, businesses affected by Coronavirus. As per the details, tax deadlines for payments & reporting has been postponed…
IRS Extends More Tax Deadlines For Individuals & Businesses; The Department of Treasury and the Internal Revenue Service (IRS) extend additional key tax deadlines for individuals and businesses throughout the United States. As per the details, Notice 2020-23 (PDF) is…
Starting a business is not an easy task for sure, and we all agree with it. Besides kicking off the business is not only hectic work but also making sure the legitimacy factor also fulfill before getting into any trouble….
So how much do you know about the trust fund? or just trust. The trust fund is exactly the same as the word trust. The term’s meaning actually fits the trust. A trust fund is a three-way relationship between three…
Tax Credits vs Tax Deductions? Differences and Benefits. You must have heard of the name ‘Tax Credits’ & ‘Tax Deductions’ while surfing tax advice or tax preparation on internet. Both tax credits & tax deductions can reduce your tax bill,…
Fiscal policy is the main ingredient to kick off a business that could sustain head up in the conglomerate of businesses. The fiscal policy ensures that how a company’s financial assets would be involved in the market, the buying, and…
We often read even a cup of bad coffee is better than no coffee at all. It’s sort of dope stuff for some coffee-addict. Coffee is being sold and purchased in the United States in excess. People prefer Coffee over…