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Category Archives: Tax Planning

The Tax Filing Date

Just like last year, the Tax Filing deadline date has been shifted from April 15 to April 18, because of the Emancipation day. This is because April 15 and April 16 fall on Saturday and Sunday respectively. Normally, the tax deadline to file our taxes or at least pay what we figure we owe for […]

Making Taxes Easy for Small Businesses

Today’s intelligent economic scholars acknowledge and understand that small businesses are the biggest contributors to economic and employment growth in just about any economy. While the ratio of small to big business might vary from country to country, but there is no denying the fact that the contribution of small businesses to the economy cannot […]

The 3 Most Effective Tax Planning Strategies for Small and Medium Scale Businesses

The prime focus of tax planning is to arrange one’s financial activities for the year in such a way so that the lowest possible amount for tax payment is incurred. Undoubtedly, the most difficult time for small and medium enterprise owners is the tax season in which they have to pay a taxable amount on […]

10 Most Tax-Friendly States in the U.S and 10 Least Tax-Friendly States in the U.S.

1. Delaware State income tax: 2.2%-6.6% State sales tax: None Gas taxes and fees: $0.23 per gallon (National average is $0.31) 2. Wyoming State income tax: None State sales tax: 4% Gas taxes and fees: $0.24 per gallon 3. Louisiana State income tax: 2%-6% State sales tax: 4% Gas taxes and fees: $0.20 per gallon 4. Mississippi State income tax: 3%-5% State sales tax: 7% Gas […]

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