Employee Stock Options A stock option allows (but does not obligate) an employee to buy a specified number of shares of stock from a company for a specified price during a specified period of time. There are two categories of stock options. To read more click here

Standard Deduction The standard deduction reduces taxable income. It is a benefit that eliminates the need for many taxpayers to itemize actual deductions, such as medical expenses, taxes, interest, and charitable contributions, on Schedule A (Form 1040). The standard deductio...

Do You Qualify? The three steps (next column) assist small employers (business or tax-exempt) that provide qualified health insurance coverage to employees determine if they may qualify for the Small Business Health Care Tax Credit. In general, health insurance must be purchas...

College Financial Aid Planning Many factors affect eligibility for federal financial aid; therefore, all students should apply for financial aid every year even if they think they do not otherwise qualify. to read more click here

General Rules You are eligible to claim this credit if you, or your spouse if filing jointly, pay someone to care for one or more qualifying persons in order for you to work or look for work, and your income level is within the income limits set for the credit. to read more cl...

Reporting Requirement Thresholds: Cash. Do not combine separate contributions. Non-cash. Combine claimed deductions of all similar items to determine $501 or greater amount. to read more click here

Standard Deduction Single or MFS …………. $12,400 MFJ or QW …………….. $24,800 HOH………………………. $18,650 To read more click here

Capital Assets Most property you own and use for personal or investment purposes is a capital asset. For example, a house, furniture, car, stocks, and bonds are capital assets. To read more click here

Some expenses are deductible whether or not you use your home for business. Others are deductible only if the home is used for business. to read more click here

When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the business entity. To read more click here.

Don’t panic! Here are some ideas for getting your tax bill paid and minimizing interest and penalties. To read more click here

The tax withholding tables are designed to work with Form W-4, Employee’s Withholding Certificate, which you give your employer. to read more click here

Currency is money in any form when in use or circulation as a medium of exchange. When a currency is legally recognized by a government to be valid for meeting a financial obligation, it is called legal tender. To read more click here

Tips for Taxpayers Who Receive an IRS Notice Receiving a notice from the Internal Revenue Service is usually no cause for alarm. Every year the IRS sends millions of letters and notices to taxpayers. In the event one shows up in your mailbox, here are ten things you should kno...

All tips you receive are income and are subject to federal income tax. You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. To read mo...

You may have to pay federal income taxes on your Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to Soci...

A stock option allows (but does not obligate) an employee to buy a specified number of shares of stock from a company for a specified price during a specified period of time. There are two categories of stock options. To read more click here

A business plan is a written document created to detail all aspects of a business on a comprehensive level. Many banks and investors require a written business plan before lending to, or investing in, a business. To read more click here.

The standard deduction reduces taxable income. It is a benefit that eliminates the need for many taxpayers to itemize actual deductions, such as medical expenses, taxes, interest, and charitable contributions, on Schedule A (Form 1040). The standard deduction is increased by a...

The three steps (next column) assist small employers (business or tax-exempt) that provide qualified health insurance coverage to employees determine if they may qualify for the Small Business Health Care Tax Credit. In general, health insurance must be purchased through a Sma...

If you were born in 1954 or earlier, you are eligible for full Social Security benefits in 2021. The following chart will guide you in determining your full retirement age. To read more click here

S corporations are corporations that elect to pass income, losses, deductions, and credits through to their shareholders for federal tax purposes. To read more click here

A principal residence is your main home, which is the home where you ordinarily live most of the time. You can have only one main home at any one time. To read more click here.

Assets in a custodial account belong to the minor. Any income earned in a custodial account is taxed to the minor. A custodian, usually an adult relative, controls the assets until the minor reaches the age set by state law (21 in most states). To read more click here.

If you are unwilling or unable to sell your home, and need additional income during retirement, you may benefit from a reverse mortgage. Payments received on a reverse mortgage are not taxable to you.To learn more about reverse mortgages Click here

You did not start a business to track your cash flow or reconcile accounts. But CPA did! CPA (certified public accountant) give you the freedom to focus on your business and profitability, knowing you will receive accurate, timely, and detailed books to make optimal business d...

Aink Prasart represented in Miss Intercontinental Thailand 2018 and Miss Grand Sakon Nakhon 2018. Ms. Prasart was Second Runner Up Miss Grand Thailand 2018, and studied Business Marketing and Industrial Chemistry. She became an Ambassador for Sharina World in 2018.

Mia Pojatina represented Croatia in the Miss Universe (2018) contest in Thailand. She has a degree in medical laboratory diagnostics and plans to further her education. Ms. Pojatina is passionate about volunteering and helping others, and became an Ambassador for Sharina World...

Diliana Judeen is Miss International Oceania 2018 and Miss International Guam 2018. She is a model, influencer, host, and aspiring entrepreneur who strives to empower and inspire. Ms. Judeen became an Ambassador for Sharina World in 2018.

Celeste Cortesi represented Philippines in the Miss Earth (2018) contest in Philippines. Ms. Cortesi is a model and actress, and became an Ambassador for Sharina World in 2018.