Can an S corp purchase real estate?
An S corporation, C corporation and a limited liability company (LLC) can all buy real estate, and these business entities shield your personal assets fro...
Category: General
What does principal mean on mortgage statement?
Your principal is the amount that you borrow from a lender. The interest is extra money that goes to your lender in exchange for giving you a loan. Most l...
How do you resolve a dispute with a builder?
How to Handle Disputes with Builders Give Them a Chance to Put Things Right. In dispute resolution, communication is always key to avoiding a lengthy and ...
When can a partnership be rightfully dissolved?
General partnerships typically dissolve immediately if one of the partners cannot proceed; A dispute has arisen between the partners; One of the partners ...
What are some types of deductions eligible for personal tax return?
You may be able to claim a deduction for expenses you incur that relate to your work, including: Transport and travel expenses. Clothing, laundry and dry-...
Are lump sum relocation payments taxable?
The short answer is “yes”. Relocation expenses for employees paid by an employer (aside from BVO/GBO homesale programs) are all considered taxable income ...
What happens to children when they pass away?
A mother automatically has parental responsibility for a child from birth. If you share parental responsibility for your child, upon your death, the survi...
What can disqualify you from unemployment benefits Alabama?
In general, individuals are disqualified for the week(s) they are unemployed due to a work stoppage resulting from a labor dispute. Other requirements for...
Are bonuses taxed in the year they are paid?
While bonuses are subject to income taxes, they don’t simply get added to your income and taxed at your top marginal tax rate. Instead, your bonus counts ...
How do I file a T1 tax return?
The easiest way is to complete the T1 form submission online through services like SimpleTax. Online form submission is facilitated using NETFILE, the CRA...
