Discussion About EITC or Earned Income Credit

The EITC or EIC, also known as the Earned Income Tax Credit is what working people with low up to moderate income acquire as a benefit. However, there are qualifications…

Understanding Adoption Costs and the Deduction Taxpayers Can Claim

An adoption tax credit is the credit or tax deduction that adoptive parents receive which encourage adoption. It is stated in Section 36C of the Internal Revenue Code of the…

A Closer Look on Personal Exemptions in Regards to Deductions and Tax Breaks

As stated in the tax law of United States, “personal exemption” is the amount that resident taxpayers can claim as a form of tax deduction alongside their income whenever taxable…

Don’t Rush To Become A US Resident

You may have heard that people have been renunciating their US citizenship and settling in a different county.   Main reason behind this new trend is the Global Tax Reporting…

Three Primary Reasons Why It’s Good Business Sense to Incorporate in Delaware

You could lose as much as you could gain when you start a business, even if it’s small. If you’re the sole owner, not only do you need to invest…

Why Incorporate Your Business and How to Do It

Starting a small business is not just about having enough capital, choosing your business location or hiring people. As a business owner in the making, you need to decide how…

C-Corp. vs LLC: How Do They Differ?

Choosing the best structure for your business is not something that you do overnight. It takes careful consideration of several factors, most importantly the needs of your business now and…

Transfer Of Money In Business Transactions

Many businesses around the world operate internationally. While it may sound promising, the truth is that doing businesses on such a large scale raises thorny issues, especially when it comes…

Common US Immigration Law Misconceptions: Can H-1Bs Be Transferred?

One way virtually everyone refers to getting a new job is transferring to a new company. It is an all-encompassing phrase that covers everything pertaining to the employee’s new job,…

How to Make Bookkeeping in Business Less of a Burden

Bookkeeping is one of the most dreaded and daunting tasks every business owner deals with. Small business owners usually spend at least 12 hours every week performing their bookkeeping functions,…