Disadvantages of S Corporations Video
More small businesses are being created than ever before. The fastest growing business entity is what is known as the S Corporation, due in part to the attractive tax attributes. But they are also one of the most complicated tax entities and least understood by their owners/officers. In this article, I’ll [...]
Everyone knows that you have to pay your taxes on money that you earn to the IRS. Most people simply learn this as they enter the working world and pay their taxes with no difficulty throughout their lives. Some people aren’t so honest though. Tax fraud abounds in this country, and the IRS realizes that [...]
Reporting on Those Who Are Engaging In Illegal Tax Activity
Until recently, whistleblowers have never been thrust as far forward into the public eye. The case of Brad Birkenfeld, who has been sentenced to 40 months in prison after reporting on Swiss bank UBS to the IRS, has thrust the whistleblower act of the [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
The Rosetta Stone, discovered by Napoleon, was possibly the single most helpful Egyptian archaeological find in history. The Stone had the same writing in 3 different languages: hieroglyphics, demotic (also called Egyptian script) and Greek. Using [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So, what happened with taxes in the United States?
US tax makers have been collecting what they have been sowing for a long time. The honor system has been replaced by a system in which every tax [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 - After Lincoln was elected, the South walks out of Congress and form the Confederate States of America with a new constitution to sustain the new government right to tax in check.
1862 - The beginning [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ancient Egypt wasn’t a place of cruel taskmasters and oppressed slavery - that is only the stigma we get from the tale of Moses, which formed at a time of turmoil in Egypt. Modern translations of [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
The Greeks had 2 ways of taxing their people. One was liturgy, where wealthy citizens selflessly gave more to the government than they were forced to. The other system was named “tax-farming,” which had an extended [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
The isle of Rhodes: a gateway to Rome and Greece. Any shipping from the east halted for supplies or to transfer cargo at Rhodes. The port of the city, similar to every other harbor, had a [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Finally getting away from Greece, we now are at the Roman Empire. Historians often speak of Roman taxation as “more or less legal robbery” and Roman tax collectors as “a band of thugs.” However, Roman taxation [...]
