Category: Taxes

If you ever have a basket full of shopping goods and want to get a rough idea of the sales tax you’ll be paying, here’s a guide for how to quickly and accurately estimate your tax bill. This depends on the state you are in – some states have rates as low as 0% (no […]

If you have not paid up your taxes for previous years due to a lack of finances or forgetfulness, you are advised to take a proactive approach to taking back taxes help and wiping your tax debt slate clean. What is a back tax? A back tax is a tax on one’s earned income that […]

Taxes and death are inescapable. You cannot avoid tax, but you can minimise the effect they have on your finances. Unlike convoluted tax shelters and offshore bank accounts, there are legal ways to reduce your taxes without risking penalties. Here are seven easy to use strategies that are most likely to help you lower your […]

Any running organization in a country needs to pay some amount to the government. The amount is a fixed figure and is decided by the respective government of any country. However, in many countries there is no tax on business. But still majority of countries charged a fixed amount from any business or organization. The […]

The current UK inheritance tax is a debatable subject among the taxpayers. Most of us think that a person who paid all the taxes on the earnings in his or her lifetime than the government has no right to levy the tax on that money for a second time once the person has died. This […]

Singapore has been the center of attraction for most of the organizations because the government tries to keep corporate income taxes as low as possible and gives different tax incentives to influence investors to come and invest in their business world. The country works on single-tier territorial program that is based on the flat-rate corporate […]

Items to consider in planning a company buyback or a dividend When a company repurchases its stock under §302 it is accounted for as a capital asset disposition and is viewed as a sale or exchange for tax purposes. The proceeds from the transaction offset the stock’s adjusted basis. The selling shareholder will recognize gain […]

For as long as memory serves, Canadians of retirement age have been moving south for the winter to escape the cold. This group of people are lovingly referred to as snowbirds. Despite the state of the dollar, Canadians are still holding to this practice. They are also one of the few groups of “foreigners” who […]

If you have financial questions or currently owe back taxes, then your best bet is to contact a tax attorney. They are legal professionals who have a specialized knowledge of local and federal financial laws and extensive experience negotiating with the Internal Revenue Service (IRS). It’s always a good idea to have a professional on […]