Partner, Managing CPA, and thought leader at Bright!Tax Expat Tax Services, the award-winning US tax provider for Americans living abroad. The pandemic may have changed working habits forever, as both employers and employees have learned to embrace the practicalities, and the benefits, of remote working. The primary benefit of remote working for businesses is reduced overhead …
Month: July 2021
When you need to find the perfect stock for your investment strategy Individual investors are often advised to leave stock picking to the professionals. They have the resources and a deep bench of analysts to help them search the vast universe of stocks and sort through mountains of data. It’s probably good advice unless you …
How to Qualify and Claim Deductions for Your Home Operation Your home-based business is in a unique tax situation. You can take all the usual business tax deductions, but some work differently for home-based businesses, and some are particular to operating your business from home. Qualifying for a Home Business Tax Deduction Your home …
Accountants and auditors will have to grapple with a ton of new details and disclosures while preparing financial statements and audit reports, come financial year 2021-22. MCA brought, vide separate notifications dated 24th March, 2021 amendments in the Companies (Audit and Auditors) Rules,2014 (“Audit Rules”), the Companies (Accounts) Rules, 2014 (“Accounts Rules”) and Schedule …
Most people think of investing as buying stocks, bonds, mutual funds, or exchange-traded funds (ETFs). The more adventurous might think about a real estate investment trust (REIT). Some people also might consider buying stocks of mining companies or investing in a metals ETF as a way to invest in gold, silver, platinum, and other metals. But what if you want to avoid …
So, here’s a look at some ways the return you will file in 2021 will differ from your prior return. 1. Waived RMDs The Coronavirus Aid, Relief, and Economic Security Act of 2020, better known as the CARES Act, waived required minimum distributions (RMDs) from retirement accounts for 2020. RMDs generally count as taxable income. …