Tag: tax

What’s Up With Washington State’s Tax System?

What’s Up With Washington State’s Tax System?

Washington state has a vibrant economy with booming tech, manufacturing and agricultural sectors. People are moving here in droves for the plentiful jobs and quality of life. So, why does the state have so much trouble raising enough tax revenue to pay for essentials, like education, mental health care and social services? Perhaps because WA’s …

Who Do Tax Breaks Benefit?

Who Do Tax Breaks Benefit?

Good morning, Hank, it’s Tuesday. Obligatory greeting from a hotel room. So last week, Sarah made a brilliant art assignment video about how extremely wealthy people can sometimes use art collection as a strategy to avoid taxation. And it got me to thinking about how in general, a lot of the us tax code seems …

Small Business Superannuation Clearing House (SBSCH)

Small Business Superannuation Clearing House (SBSCH)

If you have a small business with 19 or fewer employees or an annual aggregated turnover of less than $10 million, the Small Business Superannuation Clearing House can help you meet your super obligations. How? You make one secure electronic transaction to the Clearing House, which it distributes to your employees’ nominated super funds on …

International Students & Income Tax: Working in Canada

International Students & Income Tax: Working in Canada

Welcome to the segment called International students working in Canada, part of the International Students and Income Tax video. This segment mentions links where you can get more information. You can find all these links in the Related links for this segment. Joining us today is Peter Cheng. Welcome Peter. Thanks Sarah. Let’s say I’m …

First Time Filing a Tax Return?

First Time Filing a Tax Return?

HI I’M RISA, AND I WORK FOR THE INTERNAL REVENUE SERVICE. IF THIS IS YOUR FIRST TIME FILING A FEDERAL TAX RETURN, IT MAY SEEM OVERWHELMING. BUT IT DOESN’T HAVE TO BE. ESPECIALLY IF YOU USE IRS FREE FILE. WITH FREE FILE, YOU COULD GET ACCESS TO TAX PREPARATION SOFTWARE AND ELECTRONIC FILING, FREE OF …

How property assessment and taxation works

How property assessment and taxation works

I want to explain to you how assessment and taxation work. Let’s start off by creating a small town with only three houses. Each house is different and has a different value. The first house has a market value of $200,000. The second house has a value of $250,000. And the third house is valued …