In today’s dynamic financial landscape, the realm of business and investment stands as a beacon of potential. For many individuals, whether seasoned professionals or budding enthusiasts, this world represents a fusion of challenges and rewards. It’s a vast arena where strategic moves, backed by knowledge and foresight, can lead to significant financial gains, shaping one’sContinue reading “Evaluating Investments”
Author Archives: gandsaccountancy
Why Small Businesses Are Choosing Health Savings Accounts (HSA)?
When you put away money as your retirement savings, you must pay taxes on the saved amount. Fortunately, traditional retirement plans like 401(k)s and individual retirement accounts give you an upfront tax break. But these plans require you to pay taxes when you withdraw the money. Enter health savings accounts (HSA). An HSA account isContinue reading “Why Small Businesses Are Choosing Health Savings Accounts (HSA)?”
California EV Tax Credit: Accelerating Clean Energy Transition
As the world shifts towards a more sustainable future, California has emerged as a leading proponent of electric vehicles (EVs). With its commitment to reducing greenhouse gas emissions and promoting clean transportation, the state has implemented various initiatives to encourage the adoption of EVs. One such initiative is the California EV tax credit, a financialContinue reading “California EV Tax Credit: Accelerating Clean Energy Transition”
Qualified Opportunity Fund Investment: All You Need To Know
A Qualified Opportunity Fund (QOF) is an investment vehicle created as part of the Opportunity Zone program, which was established by the U.S. government in 2017. The qualified opportunity zone program aims to promote economic development and job creation in designated low-income communities, known as Opportunity Zones. In addition, the Qualified Opportunity Fund Investment isContinue reading “Qualified Opportunity Fund Investment: All You Need To Know”
An Exclusive Guide To Navigating California Cannabis Dispensary Tax [For Owners]
In 1996, California became the first US state to legalize medical cannabis. Then, in November 2016, the Adult Use of Marijuana Act legalized recreational cannabis in the state. So today, cannabis is legal in California for both medical and recreational purposes for use, sale, and cultivation. And we can say that California is a marijuana-friendlyContinue reading “An Exclusive Guide To Navigating California Cannabis Dispensary Tax [For Owners]”
Irs Accountable Plan For Expense Reimbursement: Rules & Importance
For 2018-2025, the Tax Cuts and Jobs Act (TCJA) disallowed employees or individual taxpayers from taking itemized deductions. Taxpayers can take itemized deductions against their income in order to reduce their taxable income. But this is now disallowed on the updated TCJA. Now, if employees incur business expenses, they have to have their employer reimburseContinue reading “Irs Accountable Plan For Expense Reimbursement: Rules & Importance”
An Exclusive Guide To Navigating California Cannabis Dispensary Tax [For Owners]
In 1996, California became the first US state to legalize medical cannabis. Then, in November 2016, the Adult Use of Marijuana Act legalized recreational cannabis in the state. So today, cannabis is legal in California for both medical and recreational purposes for use, sale, and cultivation. And we can say that California is a marijuana-friendlyContinue reading “An Exclusive Guide To Navigating California Cannabis Dispensary Tax [For Owners]”
Demystifying Tax Deductions For A US Charity With Overseas Operations
In the realm of internationalization of domestic nonprofits, more and more US-based domestic charities are extending their operations beyond borders, reaching out to communities in need worldwide. Understanding tax deductions for a US charity with foreign operations can help: So, in this blog, we will discuss how domestic charitable organizations can enjoy tax benefits whileContinue reading “Demystifying Tax Deductions For A US Charity With Overseas Operations”
Trust G&S Accountancy Inc. For Reliable Accounting Services
If you have a trucking company, you know that accurate and reliable accounting is essential for success. And when it comes to trucking company accounting or tax preparation, G&S Accountancy Inc. is the best choice. With years of experience in the accounting field, the company offers comprehensive and reliable services. Here are six reasons whyContinue reading “Trust G&S Accountancy Inc. For Reliable Accounting Services”
Know More About G&S Accountancy Inc. & Its Phenomenal Services
Accountancy services are too crucial for small-scale businesses. These services lead small-scale firms to a better side. Companies unable to handle accounts, taxes, etc., can contact local CPA for small business. These local CPA services deliver better than expected. Therefore, they are worth contacting. G&S Accountancy Inc. is one find service that you can alwaysContinue reading “Know More About G&S Accountancy Inc. & Its Phenomenal Services”
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