As tax season rolls around, many fitness enthusiasts wonder, “Is gym membership tax deductible?”
Understanding the tax implications of gym memberships is crucial for both individuals and small business owners.
In this article, we will explore the complex world of fitness-related tax deductions and provide tips for maximizing your potential savings.
We’re nearing tax time and that means one thing – you must decide how you’ll complete your taxes. Will you go the DIY route or pay a CPA to do your taxes for you?
A common debate at tax time is TurboTax vs a CPA (Certified Public Accountant) – which is better and/or right for you? Check out this guide on the difference between the two and how to tell which option will suit you the most.
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.
Did you get that infamous statement: Federal Tax due now?
When April 15th comes around, you can feel a tinge of anxiety in the air. That’s because there are tens of millions of people who will owe money to the IRS. Now, this is the funny thing about the Internal Revenue Service – they tend to be pretty persistent about wanting their money.
So, you really need to know what the term “Federal Tax Due” means. Knowing this term can keep you in the good graces of the IRS for at least the next 12 months.
While you’re out enjoying yourself around town, you may have noticed a “PIF Tax Fee” on your receipt.
PIF stands for Public Improvement Fee and believe it or not, it’s not a tax. PIF is a fee that is paid directly to the owner of the land or developer of a property and it’s not collected by the government like most people assume it is.
