Donald Trump and how the wealthy find tax loopholes
The trending subject on Google, and just about everyone’s mind, is presidential candidate Donald Trump’s taxes. Firstly, the $916-million loss that Trump suffered in 1995, and secondly the fact that Trump didn’t pay taxes for 15 years afterward.
However staggering this financial loss may seem, the potential POTUS was able to use the American tax laws to his benefit, and what could have been financial...
Can Presidential Hopefuls Fix Tax Code?
The comprehensive tax reform movement, while not completely dead, appears to be on life support, at least until President Obama leaves office. Accordingly, voters who are concerned about this issue are forced to look forward to the next presidential election. While some of the declared Republican Party candidates have included tax reform proposals in their campaign platforms, none of their Democrat...
How Soon Do You Need to Start Preparing for Tax Season
Although it may seem like tax season just came and went it is fast approaching. Start preparing for the next tax season before it is too late. You will find it easier to get all your documentation together and organized before the scramble begins. Start preparing now and take the steps necessary to help things run as smoothly as possible this coming tax season.
Government shutdown
This past year a...
Essentials for Putting the Ground stone of Your Tax Office
The advancement in information technology has expanded the corporate world to a great extent, opening a number of new opportunities and pathways to reach your target customers. Online business is one of the most widely used business forms of today, which has proved effective for almost all genres of industries and businesses. For this reason, today there are several more options to earn your living...
What are some of the different forms of tax that people must pay in the UK?
There are a number of different types of tax that people who are living in the UK must pay. Some of these forms of tax are based on a person’s employment status and how much they are making or have made in the last year, while others may be based on other things, such as the purchases that a person is making.
Every person must pay the correct amount of all of the different taxes that are relevant...
How To Reduce Your Property Tax Assessment
These days, everyone is trying to save a couple of dollars wherever possible. Some people have sworn off movie theaters, saying they will only watch films on their screens at home. Other people have seriously cut down on the number of meals they eat at restaurants, recognizing that it is almost always cheaper (not to mention healthier!) to cook something at home. Buying in bulk has become standard...
Procrastination Makes Tax Problems Worse
Perhaps Oliver Wendell Holmes, Jr. said it better than anyone when he observed that “taxes are the price we pay for civilization”. Taxes are a means of keeping streets safe, creating legal safeguards, and providing needed public services in every community. Taxes are needed for schools, roads, public transit, parks and hospitals. Ignoring or postponing tax payments today can only make...
UK Child Care Tax Scheme: Winners And Losers
By Kirk Eason
The government has unveiled a proposed expansion to the childcare tax credit scheme that would set up an online voucher exchange program worth up to £1,200, per child, to help fund childcare services for working families. The potential law could have major ramifications for both working parents and those in the childcare industry.
The new law will be beneficial to care providers, as...
UK To Impose New Tax On Non-resident Property Owners
Chancellor George Osborne is set to impose Capital Gains Tax on foreign owners of property in the UK. Those who will be taxed will not be residents of the UK but will buy and sell property within the country. Currently, non-residents do not pay Capital Gains tax but those who do live within the country pay 18% when their home is sold and 28% if the property is not classed as their main home. The Chancellor...
Information About Hiring A Tax Attorney
Financial stability in the present day economy, when the world is going through turmoil is of high concern. People usually try to conduct the right choices at the most appropriate hour, however, due to certain unfortunate events, you may be triggered to face a financial loss or instability. Everyone wants to be inclined towards recovering from such complex conditions, but at times, the only option...
