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They say the only things in life that are certain are death and taxes. For the sole trader, this is definitely the case, and at times it can seem like an overbearing pressure. Thankfully, for the sole trader there are many ways in which you can minimise liability to income tax and leave more in your bank account at the end of the month. In this article, we will look at some of the key features of tax management from the perspective of the sole trader, and some of the ways in which the sole trader can minimise the legal consequences of his operation.As a sole trader, you are usually accountable for your profits in terms of income tax. This can be particularly problematic, given that the structure of income tax in most jurisdictions is a fairly heavy burden on the citizen, particularly those with higher incomes. The first thing that should be considered is incorporation. As a corporate entity, you will be required to handle more paperwork, but ultimately it will save you money. Corporation tax on profits is lower than income tax in the majority of situations, and dividend income carries less taxable weight than other income, for example wages and...more
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National Association for Stock Car Auto Racing is the well likes and graced event and thus it becomes the most viewed sporting events in America behind football Whether it is a car race or mobike race, the count is the same. Explosive...more
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Homeowners who are planning to re-finance their home may find the Internet to be a very worthwhile resource. The Internet is useful because it can give the homeowner a wealth of information as well as the ability to compare different...more
There are many challenges attached to creating an online community with the construction and development topping the list. A successful internet community must contain several vital elements such as chatrooms and effective advertising....more
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Exaggerating the benefits of new technology tends to backfire, and faster than ever these days. For a few years there were virtual truckloads of online ads informing business owners they could save up to 90% on faxing by switching to an online fax...more