U.S. Corporate Tax Rate: No. 1 in The World

U.S. Corporate Tax Rate: No. 1 in The World

In a recent announcement, Japan reduced its corporate tax rate making the United States corporate tax rate the highest in the world. Currently Japan has the highest tax rate in…

How To Deduct Commuting Cost ?

How To Deduct Commuting Cost ?

Have you thought about deducting your commuting expense?  Most of us living in Bay Area drive a long distance to get to work and would love deduct our growing commuting…

Record keeping for Small Business Owners – Podcast

Record keeping for Small Business Owners – Podcast

Tax time is coming closer and many of you are still trying your best to find all the missing documents to file you taxes.   So, I thought this podcast…

Basics of Alternative Minimum Tax Explained

Basics of Alternative Minimum Tax Explained

What is Alternative Minimum Tax? The underlying purpose of alternative minimum tax is to provide protection to individuals who have higher earnings in situations where they might pay little or…

Understanding The Basics of C-Corp and S-Corp

Understanding The Basics of C-Corp and S-Corp

A corporation (business organization) is treated as a sovereign entity. Internal Revenue Coding and Taxation Policy declare that all benefits of a C-Corporation will be taxable separately from that of…