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Sales tax compliance New Jersey

Sales and Use Tax in Georgia: A Factsheet

Use tax is due on taxable goods and services that were not taxed at the point of sale. It generally applies to tangible personal property purchased at retail outside of Georgia or ordered online. It is the responsibility of customers to report these transactions and pay the appropriate use tax to the Georgia Department of Revenue.

business accountant New Jersey

Corporate Tax Filing Deadlines for US Businesses

Many companies must constantly innovate to remain competitive in today’s economy. Luckily, the federal Research & Development (R&D) tax credit offers generous savings for businesses engaged in a wide variety of R&D activities within the United States. It is a common misunderstanding that only large companies qualify for R&D credit. In fact, this credit is available to any business that tries to develop improved, new, or technologically advanced products. It may also be available to companies that work to improve business processes.

401(k) audits virginia

Understanding US Research & Development Tax Credit

Many companies must constantly innovate to remain competitive in today’s economy. Luckily, the federal Research & Development (R&D) tax credit offers generous savings for businesses engaged in a wide variety of R&D activities within the United States. It is a common misunderstanding that only large companies qualify for R&D credit. In fact, this credit is available to any business that tries to develop improved, new, or technologically advanced products. It may also be available to companies that work to improve business processes.

Mutual Funds

Taxes on Foreign Mutual Funds: Common Mistakes to Avoid

Many taxpayers know that American tax law requires US tax residents to report their worldwide income and assets on their US taxes.  However, some taxpayers are not aware that foreign mutual funds are classified as Passive Foreign Investment Companies (PFIC) and must be taxed accordingly. Failing to apply for ownership in foreign mutual funds can result in substantial penalties.

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