Fact Check with FACT Professional: Recent Episodes
FACT Professional, Inc.
Do you have questions about filing your taxes? Or how to manage your company's payroll? Or hey, how about the time an arsonist was caught because of an audit, or an entertainer successfully wrote off implants as a business expense? Whether it's hard or fun FACTs you're looking for, we've got them here! Tune in to learn everything you didn't think you needed to know about the world of finance and accounting.
Today we’re going to travel all the way back to ancient Egypt, where cows were not only sacred animals, but also a symbol of wealth and a source of taxation.
So lets moooo-ve it along and jump back thousands of years ago to ancient Egypt!
The cow tax was in effect for about 2970 years, it was finally abolished about 2100 years ago!
Warning, this may not be a great episode for the kiddos to listen to.
On this episode we are going back to my ancestor’s roots in India to “cover” or “maybe uncover” the woman’s breast tax.
Today’s day and age enforces all woman covering their breasts – as they are a thing of sexuality and promiscuity. However, this has not always been the case – in fact the obligation to cover or even the right to cover one’s breasts varied from time period & culture.
You know what topic we haven't covered yet? Fireworks!
Today, we're going to talk about the Sparkler Tax in West Virginia, USA.
We have gone over many unique tax cases over the past few episodes. Starting today I will also be sprinkling in fascinating stories behind some of the most notorious tax evaders in history.
Join me on the highs and lows of the domestic guru and media mogul who was convicted of insider trading and tax evasion in the early 2000s…Martha Stewart.
In this episode, we’ll trace the origins, evolution, and demise of the hot air balloon tax, and we’ll see how it reflected the changing legal, economic, and political realities of the nation.
Additionally we will start delving into the "Amusement Tax" where the US applies additional taxes on Fun!
So, let’s inflate our curiosity and find out more about this intriguing and sometimes infuriating tax.
Today we're going to dive into a few different cases on claiming spas and swimming pools. Listen through the whole episode though before you start building a swimming pool in your backyard – because there are times where it has worked and times it unfortunately has not.
This episode is for cat enthusiasts!
Today we’re going to follow the story of a couple in the 1970s who owned a junkyard and managed to deduct the cost of cat food from their taxable income.
What ensued was a battle with the IRS and some very well fed cats.
Warning, this is not an episode for those with a sensitive stomach!
Our topic today is one of the most bizarre and stinky taxes ever imposed. The urine tax in ancient Rome. Yes, you heard that right. The Romans actually taxed urine. And not just any urine, but the urine that was collected from public toilets.
Join me today to learn more about the Urine Tax.
We are going to explore another way that the English government squeezed money out of their people. Adding to the list of bizarre British taxes is… the English hat tax. Join me for this journey of hats, tax evasion, and even execution!
Today, we're going to talk about one of the most bizarre taxes in history. The beard tax. Yes, you heard that right. There was a time when some men had to pay for the privilege of having facial hair.
And no, this was not some hipster trend or a way to raise money for charity. This was a serious policy implemented by none other than Peter the Great, the Tsar of Russia in the 18th century.
Today we’re going to talk about one of the most controversial and violent tax protests in American history: the Whiskey Rebellion. For Hamilton fans out there, you may remember this one off line “Imagine what’s going to happen when you try to tax our whiskey” …well it happened…and it was MESSY!
Today, I'm going to tell you about a fascinating case in more recent history that involved an exotic dancer, a breast augmentation surgery, and a tax deduction.
Chesty Love vs. the IRS
Let's get started!
In this episode, we'll take a look at one of the most peculiar and unpopular taxes in British history: the window tax. Yes, you heard that right, a tax on windows. How did this crazy idea come about, how did it affect people's lives, and how did it end? Let's find out!
FACT Professional, Inc. introduces Taxing Times - a Tax History Podcast!
From ancient civilizations to modern democracies, wars to revolutions, protests to scandals, we'll discover how taxes shape our society and culture. Whether you're a tax enthusiast, a tax skeptic, or simply a fellow history nerd, you'll find something to learn and enjoy in this podcast. So sit back, relax, and get ready for some Taxing Times!
If you have a small business, S-Corporations really are something to celebrate!
Learn why S-Corporations are Nupur's favorite option for small businesses that are ready to incorporate. And then learn how to start and maintain your own!
We'll walk you through the pros, cons, and necessary steps, so you can get the business party going!
If you're starting a business, you've probably heard this advice already: you need an LLC.
We're here today to tell you: no, you do not.'LLC' has become a buzzword in the startup world, but what does it really entail? Are there businesses that would benefit from an LLC, or is everyone better off staying far, far away? If you've created an LLC, how do you maintain it and stay above board?
Well, those are the questions we're here to answer! Come along with us as we dive into the pros and cons of forming an LLC, and everything that comes after.
So, you're starting a business... You know what you're selling. You know what you're doing. You know everything about your company until you realize that maybe you don't actually even know what kind of company it's supposed to be.
Should you file to become a corporation? LLC or S-Corp? Does it change depending how much money you make? Yeah, there's a lot to figure out.
We're here to help you navigate and simplify the complex world of starting your own business. In this first installment of our Corporation Formation series, we lay out the different options you'll be faced with in the early stages of creating your company, and how to pick the one that's best for you (hint: you probably don't need to form a corporation at all, just yet).