You have started a new business within your home. In the event that your business remains to operate from there, you may well be entitled to a home office tax deduction. Read on to find out if the way you operate your home based business qualifies you for this deduction.
When this subject was initially [...]
I now work from home and have been self-employed for around ten years. I have always wanted to be my own boss, set my own hours and be able to take holidays when ever I wanted to. Working from home seemed the perfect answer for me.
I run a small business offering screw compressors. For the [...]
Raleigh NC Accountant
A few days ago in a email news post I made reference to the fact that the Haiti disaster is currently a qualified disaster says the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
And I mentioned in that email, the IRS was rumoring that people would be able to take a deduction for donations to Haiti on this year’s [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 – After Lincoln was put in office, southerners walk out of Congress and form the Confederacy with a rewritten constitution to curtail the power of their new country to tax.
1862 – The beginning of US [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ah…. finally an event in history clearly about oppressive taxation. Was the Boston Tea Party a protest against the British tax on tea, as we were all taught? No, not at all. The colonies had continuously [...]
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So the question remains, what happened with taxes in the United States?
US tax makers have been collecting what they have sown for a long time. Our honor system has been trumped by a system in which [...]
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
From 1868 to 1913, about 90% of the national government’s income was derived from tax on alcohol and tobacco. While the Civil War was occurring the government instituted a brief income tax, but it wasn’t until [...]
Raleigh NC Tax Preparation
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
“Slavery – the one cause of the Civil War.” – John Stuart Mill, 1862
Can there be a doubt about this topic? Of course the American Civil War was about the slavery issue… wasn’t it? Well [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ancient Egypt was not a land of cruel oppressors and miserable slaves – that is only the stigma we get from the tale of Exodus, which came at a time of chaos in Egypt. Actual translations [...]