The world is moving at a fast pace and to match that speed, the ability to make quick decisions has become a must for managers and leaders. The art of quick decision-making is considered to be an invaluable asset for an individual. It involves a combination of strategies, tools, and skills that come together to…
The season of Tax deadlines is here and it includes Form 940 returns as well. Form 940 is the Annual Federal Unemployment Tax(FUTA) return that the IRS collects from US employers. However, not all US employers file this return.
Who needs to file Form 940?
Employers who have paid USD 1,500 or more to W-2…
Being a taxpayer in the USA, you have two ways to reduce your taxable income: first is standard deduction and the second is itemized deductions. The standard deduction is basically a fixed amount that you can subtract from your income, regardless of your actual expenses. Whereas, you can itemize your deduction on certain expenses only…
Different countries follow varied tax guidelines, such as issuing T4 slip in Canada. Navigating through these differences can be overwhelming for non-resident employers having business in the country. However, it is important to understand it rather than letting it become complicated. This article aims to simplify the use of T4 slip, ensuring youโre equipped with…
Standard Deduction changes can be seen as a relief on the taxable income provided by the IRS to individuals. However, these deductions are based on the filing status of these individuals. It is quite common for individuals to utilize the standard deductions when it comes to saving more.
Another important thing to note about standard…
Administrative tasks arenโt the only tasks you need to take care of as a leader who wishes to expand their business. The intricacies of these tasks can become overwhelming and outsourcing administrative tasks seems like the only option.
Hiring a Virtual Assistant can help you focus more on the core activities while you focus on…