David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Car Depreciation Under Income Tax Act Car depreciation under the Income Tax Act, 196, allows taxpayers to claim depreciation as an expense, reducing their taxable income (taxable income=revenue ...

Taxes: Taxes are excluded to eliminate the effect of a company’s tax rate and regulatory environment. Depreciation: Depreciation is a non-cash expense representing the allocation of the cost of ...

Part of that process includes what’s called “recoverable depreciation.” Recoverable depreciation refers to the gap between the depreciated value of an item and how much it costs to replace a ...

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July ...

Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in funding under the latest deal to ...

The IRS has news for taxpayers who may have missed out on a recovery rebate credit. This month, the agency will automatically send payments to about one million eligible individuals who didn’t ...

The US in creating an external revenue service to collect tariffs. This is re-opening negotiations for all trade and other relationships with all other countries. It is the threat of actions and ...

Online tax software can make filing your 2024 return easy. These seven services cater best to employees, freelancers and side hustlers. Danni Santana has spent seven years as an editor and ...

The Chairman of the Edo State Internal Revenue Service (EIRS), Hon. (Barr.) Oladele Bankole-Balogun, has expressed his determination to revolutionize revenue collection in Edo State, targeting a ...