Earned Income: is any financial resource that is compensated for your efforts, time, etc. Example: Wages and salaries paid against service or employment offered to a company.
Passive Income: is any financial resource that regenerates over time without requiring constant input or effort. Example: Money received in the form of dividends from shares owned by you.
We also help our clients understand the different types of taxes and their implications to make taxation easier to understand. This includes income tax, value-added tax, sales tax, excise tax, property tax, etc.
Our tax education is a vital component for individuals as well as corporations that can save them the legal hassles and issues that come due to non-compliance and late submissions. Our tax education allows our clients to plan their taxes before the due date and be prepared in advance.
We have experts that are highly experienced in State laws and different tax regulations across the country, making us the ideal training facility to learn taxation.
Taxation rules vary depending on the type of income i.e. earned income and passive income.
