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Taxes and Taxation
28th September 2007
Do internet searches under the name of the business you may want to hire, and put the word "fraud" or "scam" after the business name, (THIS IS A MUST) or after the name of the representative who will be working on your case. Many so called IRS debt solvin...
31st August 2007
The IRS has taken steps to take the guesswork and confusion associated with car donation tax deduction with a new law. When January 1, 2005 rolled around, you were able to deduct the full price that the charity of your choice receives for the sale of you...
23rd August 2007
What is self employment? In essence anyone who is in business either as a sole trader or part of a partnership and receives income that is not taxed under the payroll system is self employed. Excluded are Directors of companies who are offically employees...
22nd August 2007
What is Business Turnover? Sales turnover is the total amount of income a business earns before deducting business expenses. Turnover includes receipts of any kind for goods sold or work done such as commission, tips, payments in kind, fees and insurance ...
14th August 2007
Being Self Employed in the UK carries with it responsibility to sort out your own tax affairs which requires good records of the business income and expenses to minimise tax liability. With tax rates of up to 40% of net profit, tax is an essential area ...
14th August 2007
What is Business Turnover?
Sales turnover is the amount the business earns before deducting business expenses including receipts of any kind for goods sold or work done such as commission, tips, payments in kind, fees and insurance proceeds. The turnover...
10th August 2007
The Canadian government has proposed a $5.36 billion upgrade to the current mental health system. Raising the excise tax on alcoholic drinks by 5 cents per drink will fund this upgrade. Although this project is worthwhile, it contains numerous flaws ...
09th August 2007
It is no fun when the tax men come calling. However, taxes have to be paid whether we like it or not. Taxes are our obligation to the country and we must all make sure we pay this expense. Small businesses are especially affected by the necessity of payin...
09th August 2007
Tax time is not necessarily everybody's favorite time. However, taxes have to be paid whether we like it or not. Taxes are our obligation to the country and there should be no evasion of this expense. Small businesses are especially affected by the need t...
01st August 2007
Knowing income tax law is not enough. In order to offer value to taxpayers, tax law knowledge must be combined with effective tax planning strategies in order to yield maximum benefit. What would you do if you owned a landscaping business with the upcomin...
27th July 2007
In an effort to discourage the levels of obesity in Britain, recent research is recommending a tax on unhealthy foods, such as those high in sugar, fat and salt. They claim that this ‘fat tax’ could prevent over 3,000 deaths from strokes and heart att...
26th July 2007
Summary:
Tax season can very well be the most stressful time during the fiscal year for companies and individuals. Number crunching and expense reporting often calculates to equate numerous cups of water and several large aspirin. But beware; th...
25th July 2007
Hiring your children in your business can be a great tax savings strategy, as well as a way to teach your children about business and money.
Wages paid to your children (between the ages 7 and 17) are a valid business deduction, as long as they do bona...
25th July 2007
You've probably read in the newspapers of various celebrities and successful business who manage to avoid or at least substantially reduce their UK taxes – whilst a significant proportion of the general public are paying close to 50% of their income in ...
26th April 2007
The Investor's Eye view of politics is a simplistic, practical, "dot-connecting" approach to sorting things out so that positive (win/win) change can be considered. Real World politics is not concerned with such things, and that is one of the most serious...
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