After nearly three decades, the government has passed a bill that affects the taxes that are paid by taxpayers. However, these legislations apply for the year 2018. Considerable changes have been made to individual income tax, gift and estate tax, and corporate tax. To keep you up-to-date with the recent changes made by the government…

Taxes are a measure instilled by the government to redistribute wealth in a manner that ensures their own coffers do not get exhausted. When they acquire taxation, which may be through direct or indirect techniques, they ideally use these funds for provisions such as public goods (roads and street lights etc.) Tax can be an…

Taxes can be extremely complicated for even the most educated person. Not everyone is familiar with the mechanism of taxation and why they are taxed differently for different things. Keeping track of all the different tax rates and utility bills can be an overwhelming task for people working and living a fast lifestyle. Given their…