Income and Investments Archives

Tax Deductions for travel nurse pharmacist and health care professionals checklist

What Does Tax Inclusive Mean and How Does it Affect You?

Whether you’re a consumer or a business owner, it’s important to understand the different methods by which taxes are applied. The sale price of a product or service may be inclusive of tax or exclusive of taxes – depending on at what point taxes are charged.

As a consumer, you’ll want to know if the sale price is a flat rate, or if you should consider the tax rate in addition to the advertised price.

A business, however, will need to know how their vendors charge tax and will need to determine when to charge tax as part of their pricing strategy.

What is Per Capita Tax and What Does It Mean to You?

Two things are certain in life, death and taxes. It can be difficult to keep track of the various taxes. At least with this particular tax, it should benefit your local community.

Per Capita Tax may sound like a complex tax, but it’s a fairly straightforward tax considering.

Gulf Coast Florida Beach with swaying brown grass

Is There an Inheritance Tax in Florida and Will You Have to Pay?

Many people wonder, is there an inheritance tax in Florida? In other words, do you owe taxes on the money you inherit when a loved one passes?

The good news is Florida is a great state to live in for the wealthy (or anyone for that matter) as there are no inheritance taxes or income taxes, but there are still factors anyone living in Florida should know when setting up their estate.

Is Estate Planning Tax-Deductible?

Estate planning is never a fun topic to talk about, but it’s extremely important in managing our money and assets well after we pass on. Without estate planning, the government is put in charge and things can get much more difficult for friends and family.

A common thought is that estate planning is only for the rich and successful. But that isn’t true at all. Everyone has some kind of estate, whether that’s owning a 2001 Toyota Corolla, multiple real estate properties, a treasured family heirloom, or having money in investment or retirement accounts.

Tax pro vs. tax software. Do you need to hire an accountant for taxes? #taxtips

Tax Software vs. Accountant or Tax Pro: Should I Do My Own Taxes?

One of the most common questions I’m frequently asked is, “should I do my own taxes this year?”

It’s a new tax season and many of you all will be receiving your W-2s soon. The next step is to choose how you want to file your taxes this year.

Should you use a tax software or hire a tax pro?