This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

– Earned Income Tax Credits. For qualifying taxpayers who have three or more qualifying children, the tax year 2025 maximum Earned Income Tax Credit amount is $8,046, an increase from $7,830 for tax ...

Internal Revenue Service. “Topic No. 419, Gambling Income and Losses.” Internal Revenue Service. “Guide To Business Expense ...

Savings can feel impossible when you’re living on a really tight budget. This 52 Week Savings Plan helps make savings feel ...

Uneven and unpredictable paychecks are on the rise for American workers. Income volatility doesn’t just make it harder to ...

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the ...

Only a week before the general election on Nov. 5, candidates are pouring their earnings into a variety of advertising means in the final days of their campaigns. Reports filed Monday with the Alaska ...

A tax return is a document showing whether or not you’ve paid the correct amount in taxes throughout the year. Since many of ...

New UB employees should use this form to request reimbursement for approved expenses when transporting themselves, their families, and household goods and personal effects to their new place of ...

Payroll – Getting information and forms associated with amounts you withhold from the remuneration and other income amounts you pay, setting up a new employee, and determining payroll deductions.

Amount of TCS paid on the expenses. The CBDT has recently unveiled a new form, Form 12BAA, designed for the reporting of non-salary income and the inclusion of Tax Collected at Source (TCS ...