Entrepreneurship is a big thing in Nigeria, and knowledge of taxes is vital to anyone on the entrepreneurship path. Being ignorant of the taxes to pay has led to problems for a lot of entrepreneurs an...
Taxes are capable of eating up a large chunk of investment gains. Investment strategies to minimize your tax bill should be used to manage this. It is however important not to ma...
During the 2020 presidential election campaigns, President Joe Biden proposed a tax increase plan that would require certain high-earning companies and individuals to pay more taxes. The Biden propose...
As an investor, you want to maximize your returns and minimize your taxes. However, the Alternative Minimum Tax (AMT) can make it challenging to achieve both goals. The AMT is a separate tax system th...
Uganda has recently introduced a new tax on foreign digital service providers like Facebook and Netflix. The country's parliament made amendments to the Income Tax Act, imposing a tax on companies tha...
A filing extension is a grace period granted to both individual taxpayers and businesses that are unable to file tax returns on or before the due date. To apply for an extension, taxpayers can complet...
Following the announcement made by the IRS in March 2020, the deadline for federal tax filing was extended to July 15. The extension was triggered by the outbreak of coronavirus in the United States i...
The International Monetary Fund has advised Nigeria and other developing nations to study the revenue potential of personal income tax and, if required, increase it. This was uncovered in a new IMF...
On Thursday, the House of Representatives which is controlled by Democrats approved a bill to suspend the $10,000 cap on state and local tax deductions that came with President D...
While owning a rental property is a good investment and income stream, many choose to refrain from it mainly for complex tax issues. It is undeniable that rental income taxes are quite complicated com...