In the world of business taxes, there are three pricey tax penalties businesses can avoid, and—as is true with so many of your tax responsibilities—they all come down to one thing: paying your taxes on time
I’m a huge fan of charitable giving year round, but especially during the month of December. Once the month kicks off with #GivingTuesday, businesses and individuals around the world begin integrating giving back as a great way to observe the holidays throughout the month.
A few weeks ago, I wrote about how charitable giving is a great way to observe the holidays as a team and shape your company culture in the best possible way.
Believe it or not, the purpose of annual tax returns isn’t to increase sales of Xanax. It’s to give the country’s public sectors (federal and state) a way of tracking revenue and spending patterns across individuals and companies
The case of Coca-Cola should leave you in no doubt. Last Friday, the soft-drink giant announced that it had received a love note from the IRS—to the tune of $3.3 billion.
Whether you’re developing something completely original (like contact lenses that display text messages), or adapting existing products for the better (such as the transparent hole punch) there could be a tax credit waiting for you in the horizon!