• personal accountant boston

    Tax Implications of Moving

    People move for various reasons: to be close to loved ones, amenities and nightlife, to pursue lower living costs, or just because you always wanted to live in a certain place. Proximity to work is the most common reason for moving, and you may be eligible for tax incentives if you just got that offer for a dream job hundreds…

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  • personal accountant boston

    Tax Tips for Expats, Digital Nomads, and Other US Citizens Who Live Abroad

    Expats, dual citizens, digital nomads: all people who may retain American citizenship but don’t spend much time in the US which can lead to serious headaches at tax time. Here are some tips to help you understand your dual citizen and expat taxes. Why Do I Need to File a Tax Return if I Don’t Live in the US Anymore?…

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  • tax preparation brighton ma

    Is Living in a State with No Income Tax Really Easier on Your Wallet?

    All Americans are obligated to pay federal tax income taxes, and most states (and some counties and cities) will also make their residents pay a separate income tax with a few exceptions. The following states don’t have an income tax: Alaska Florida Nevada South Dakota Texas Washington Wyoming Sometimes, people include New Hampshire and Tennessee on that list because earned…

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  • foreign tax accountant

    How Olympic Medals are Taxed

    Olympians are definitely stuck contending with tax bills resulting from their victories. Most prizes and awards are taxable whether you win $100 at a fishing competition or a dishwasher worth $2,000 on a gameshow. The Olympic committee awards $25,000 to gold medalists, $15,000 to silver, and $10,000 for bronze but what makes Olympic medals an interesting phenomenon is that the…

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  • foreign tax accountant

    Why Hire A Portable CFO?

    Why Hire a Portable CFO? Let’s be honest: Entrepreneurs and small business owners wear many hats. During the regular course of a day, you may find yourself handling customer tasks or orders, interfacing with vendors, or dealing with couriers and shipping companies. More often than not, business owners find there is little time left to cope with the financial aspects…

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  • Brexit’s Impact on US Taxes

    The United Kingdom’s vote to leave the European Union (EU) is going to have a lot of impact on international trade, not to mention the American economy and tax policy. Americans with UK-sourced income and businesses looking to enter the UK market should take heed of the impending changes and how they will affect their tax liabilities. Here’s an overview…

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  • international tax

    Tax considerations for switching jobs or unemployment

    If you are about to switch jobs or experience some sort of unemployment, there are certain tax implications you may need to consider. Accrued money When switching jobs, you may have a sizeable amount of money accrued coming to you from vacation or sick pay. Any form of severance pay you receive is taxable in the year you receive it,…

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    The IRS Tools of Last Resort: Tax Levies and Liens

    April 15th is in most taxpayers’ rearview mirrors–except for those with an outstanding tax debt. There are provisions for extending the deadline date for filing, but the extension must be accompanied by a payment, or the clock starts ticking for accruing of interest and penalties and setting in motion a levy or a lien.   Settle up or face the…

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    When You Need to File an Amended Tax Return

    Tax season is over and you might think that you can rest easy now that your return has been filed but that’s not always the case. Sometimes you need to file an amended tax return, whether you realize it or not. Here are some of the common reasons for filing an amendment.

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    Personal Finance Tips for Young Adults

    As a young person, considering anything finance-related can seem light years away. In reality, knowing how to manage your finances and plan for the future should occur in your early years. This will help in learning responsibility at a young age, giving you a clearer perspective on money management. Learning how to appreciate money and use it wisely at a…

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