The Daily Insight

Featured Article

What personal property is taxable in CT?

Connecticut state law authorizes the taxation of property, including real estate, motor vehicles, business-owned personal property and some personal prope...

Read Full Article Browse news

Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

What happens to my SSI when I turn 66?

At full retirement age — currently 66 and 2 months and gradually rising to 67 over the next several years — your SSDI payment converts to a retirement ben...

Is an invoice legally binding UK?

In and of itself, an invoice is not a legally binding agreement. If an invoice on its own was a legally binding document, then vendors could create bogus ...

Is a wash sale really that bad?

Wash sales, per se, are not bad, they are simply easier to manage when all relevant transactions occur in a single account. The problems arise when someth...

How do you become a treasurer for a non profit?

Tips for Being an Effective Treasurer Develop and enforce strong internal controls and financial management policies. Ensure accurate and complete financi...

Does an LLC require payroll?

As the sole owner, you’ll report all of your LLC income on your personal federal tax return. If you prefer, you can choose for your LLC to be taxed as a c...

Are business taxes separate from personal?

You can only file your personal and business taxes separately if your company it is a corporation, according to the IRS. In that situation, they must also...

How do I file late penalties?

Late Filing Fees u/s 234F 10,000. If you file your ITR after the due date (30th Sep) but before 31 December, a penalty of Rs 5000 will be levied. For retu...

Is a car lease tax deductible for a business?

If you lease a car you use in business, you may not deduct both lease costs and the standard mileage rate. You may either: Deduct the standard mileage rat...

Are all US citizens taxpayers?

Every United States Citizen. You are liable for US income taxes whether you are a citizen who was born in the United States or outside of the United State...