Articles, tagged with "tax avoidance", page 1
Business Owners, Accountants and Others Face Hundreds of Thousands in IRS Fines That They Are Not Aw
By Lance Wallach
Currently, the Internal Revenue Service ("IRS") has the discretion to assess hundreds of thousands of dollars in penalties under §6707A of the Internal Revenue Code ("Code") in an attempt to curb tax avoidance shelters. This discretion...
IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams
Lance Wallach
The IRS started auditing 419 plans in the ‘90s, and then continued going after 412i and other plans that they considered abusive, listed, or reportable transactions. Listed designated as listed in published IRS material available to the g...
Why is it vital for Contractors to ask IR35 counsel from Contractor Accountants?
Contractors ought to truly consider the intermediaries legislation, identified as IR35, which is a directive that seeks to combat tax avoidance and will ascertain payment of the correct sum of PAYE (pay as you earn) tax and National Insurance Contribution...
Why is it significant for Contractors to ask IR35 counsel from Contractor Accountants?
Contractors need to certainly consider the intermediaries legislation, known as IR35, which is actually a directive that seeks to solve tax avoidance and will ascertain payment of the exact sum of PAYE (pay as you earn) tax and National Insurance Contribu...
Avoiding the Concept of Diguided Renumeration Successfully
In a layman's lexicon 'Disguised remuneration' is a practice of avoiding any income tax on rewards or incentive payments via trusts, third parties, offshore pensions or non-repayable tax free loans. And to somehow tackle this problem, the government has p...
Are you about to buy a new house costing over a quarter of a million pounds?
If so, stop right there. If you don't want to find yourself losing thousands of pounds of your hard-earned money, you need to read this article.
Since 2003, affluent taxpayers who, like you, are seeking to buy or move to a new, expensive, lovely abode,...
About Offshore Company Formation in Tax Havens
If you are really keen in offshore company formation in a foreign country, collecting as much valuable information as possible will assist in ascertaining hassle-free designing and implementation of business plans. Employing the services of a specialized ...
6707A and Section 79: This is Why You Have a Problem
Insurance companies, agents, financial planners, and others have pushed abusive 419 and 412i plans for years. They claimed business owners could obtain large tax deductions. Insurance companies, agents and others earned very large life insurance commissio...
Top Five Ways an Accountant Firm Can Save You Time and Money
Business management is time consuming, usually a full time job in many instances, with knowledge of taxation and the latest changes in legislation essential. Time and money are valuable resources for any business, which is why outsourcing to an accountant...
Panama as an Offshore Company Tax Haven
Panama is one of the most popular and established tax havens around. Its popularity is thanks to the offshore companies and foundations on offer. Panama’s tax advantages stem from the fact that it has a territorial tax system. This means there is no tax o...
What is insurance for?
If you go back into the history of insurance, you find it was traditionally pitched at protecting widows and orphans among the middle class and the poor who could afford the premiums. Because there was a clear social safety-net purpose, the government all...
A Guide to Property and Capital Gains Tax (UK)
The following post is NOT intended to be comprehensive financial guide, nor is it a definitive guide for calculating your tax liability on any income received from investments. This post is based upon tax avoidance, NOT tax evasion. For accurate advice r...
Dennis Ott, Attorney has Extensive Legal Experience
ennis G Ott is an attorney with many years of legal experience and he has worked at important posts in several organizations. An immensely talented individual, Dennis Ott, Attorney has contributed his skills to the community in several forms. He has Asso...
Income Tax Raids - No Reason to Panic
The term “Raid in Indian Income Tax Law” is incredulous and any unexpected encounter with IT sleuths generally leads to chaos and vacuity. If you are likely to experience such action it is better to familiarise with the subject, so that, the situation can...
Finding the Minimum Income to Pay Income Tax
"The use of judicial doctrines to curtail tax avoidance is pervasive in the area of income taxation. There are several reasons for this phenomenon: central among them is that courts believe that if the Internal Revenue Code ("Code") were read literally, i...