The IRS has extended the tax deadline to July 15, 2020 due to the coronavirus pandemic. The fastest and safest way to receive your refund is to file your taxes electronically and request direct deposit. The IRS typically issues 90% of tax refunds within 21 days of filing, but there could be delays this tax […]
The home office deduction is only available to self-employed people who use their home “regularly and exclusively” for business during the tax year.If you meet those requirements, you may be entitled to a partial deduction for expenses like utilities,...
. . The Treasury has launched a review of the capital gains tax system to “ensure the system is fit for purpose”.Experts warned it could lead the way to “a tax grab” in the autumn.”It would be naïve to assume the chancellor didn’t...
. . The UK faces more taxes rises and spending cuts to stop its debt pile getting out of control, the country’s spending watchdog has warned.The Office for Budget Responsibility (OBR) said the economy was on course to shrink by 12.4% in 2020, with borrowing set...
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