City of Portland/Multnomah county residents pay the highest income taxes in the nation?
City of Portland/Multnomah county residents pay the highest income tax rates in the nation? Let’s find out.
Entries by Udai
4 strategies to minimize the capital gain taxes on the sale of business
You have been working on your small business for quite some time and now are ready to sell. One thing creeping up in your mind is the tax impact: How much would I owe on taxes. The better question you have been asking yourself would be “is there a way to reduce my tax bill?”
The good news is that there are many ways to reduce your tax liabilities.
How to solve tax resolution case:
We have recently started working on some accounting cleanup projects for a small construction business with roughly $5M sales a year. It turns out that the owner solely owned the business for over 10 years and has not filed his individual tax returns for the past 10 years! Sadly, this is a typical tax resolution case and not uncommon. The owner strongly desires to get back on track with compliance, which takes a lot of courage.
Oregon Pass-through – Elective Tax Workaround
How to save taxes by restoring your state income tax deductions that you lost
The Dangers of Offshore Accounting
Nowadays, outsourcing accounting jobs offshore is increasingly getting more attention. With improved communication over countries, this particular area of offshore work benefits by reducing cost and increasing work efficiency. However, along with the benefits, there are many challenges to be faced. These dangers can become more significant if not handled on time. However, with the […]
5 Benefits of Prudent Investing
Financing can be confusing and stressful when there are too many irregular patterns in the market. Prudent investing helps investors understand the market, use assets to gain profits, and reach their set goals. However, all investment forms are subject to certain risks. Some forms offer more protection to your assets than others. Acknowledging yourself with […]
5 Tips for Effective Debt Management
Many people take credits for different purposes and cannot pay that debt in time. Moreover, some people take more credit to pay off the pending debt, getting stuck in the unending loop of money problems. Management plans can help save enough money to pay your debts and live life without many compromises gradually. However, starting […]
An Introduction to Accounting Ethics
Ethics and morals in every field play an influential role. In accounting, when all the information about a person lies with the accountant, ethics become more critical for professionalism. However, today, there are many cases where codes of conduct are broken for personal gains. Following ethics in an accounting firm provides innumerable benefits along with […]
How to Avoid Impulsive Spending
Humans act on their impulses more often than not. And we’re all guilty of impulsive spending more than once. According to Forbes, impulsive spending means when you buy something you weren’t planning on getting. But it doesn’t have to be harmful as long as you know you can control it, and it doesn’t drown you […]
5 Factors To Consider Before Investing
Investing is a great way to make your money work for you. Through various investment vehicles such as stocks, bonds, mutual funds, futures, precious metals, and real estate, you generate an additional revenue stream for the future. A good investor should have a solid grasp of their risk tolerance, financial goals, and investment horizon to […]