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Alternative Minimum Tax Consequences Are Not A Result Of Cost Segregation

Alternative Minimum Tax consequences are not a result of cost segregation. Nor is cost segregation accelerated depreciation. Decisions regarding cost segregation and accelerated depreciation are independent by the four options as illustrated in the following matrix:Accelerated depreciation increases the amount of depreciation taken in early years...more

Singapore Taxes Support Economic Growth

Singapore taxes support economic growth and that is by design. Whereas some countries use taxes merely as a way to collect revenue for government operations, Singapore has chosen to use taxes as a business incentive tool. The country has been so successful at managing its use of tax funds and attracting new business that taxes did not have to be...more

Your Options For Filing Tax Form 2290: The Heavy Highway Use Tax

For those of you who are involved in the trucking industry, you're probably no stranger to the Heavy Vehicle Use Tax, but others out there are just getting started and want to be sure they are meeting obligations. Even the veterans of the industry may not catch all the changes as they come. So I want to go over the different ways to file tax form 2290 to give everyone a basic idea of what's going on.What is It?For those of you really trying to get a glimpse of what it means to be a trucker, the Heavy Vehicle Tax is a tax that the government requires be paid by the professional men and women who use large machines to do business on our streets and highways.In theory, it is paid by anyone running a rig that weighs at least 55,000 pounds, including trailers and a typical full load.You May Be ExemptSome of you out there, however, may be exempt. For instance, commercial vehicles that travel less than 5,500 miles on an annual basis are not required to pay. And the same goes for agriculture rigs that don't travel any more than 7,500.There are also exemptions for other vehicles, including Red Cross, bloodmobiles, government vehicles, volunteer rescue services, and more. ...more

7 Secrets the IRS Doesn’t Want Taxpayers to Know

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600m Australian Oil Production Tax Loophole Exposed

600m Australian Oil Production Tax Loophole Exposed There has never been a better time for residential solar power. Prime Minister Julia Gillard is considering slashing residential solar power funding to help pay for flood damage...more

6 Things Tax Reform Activities Should Aim For

All over the world, people talk of tax reforms and governments outline steps that they are taking to improve there tax systems. But how can one measure what a good reform agenda should be when it comes to tax reforms? Here are five things that every...more

5 tax reliefs for Enterprise Investment Scheme

5 tax reliefs for Enterprise Investment Scheme The Enterprise Investment Scheme (EIS) was designed by the Government to provide investors with an incentive to invest in shares in small, growing, unquoted companies. Unquoted in tax terms covers...more

5 Techniques To Help You With Taxes For Investors

For large number of investors and even some proficient tax professionals, wading through the complex rules of the IRS on investment taxes could turn out to be a nightmare.Not just talking of minor pitfalls, even simple errors on your part could...more

5 Reasons Why Tax Systems Fail

Tax systems are meant to bring as much revenue as possible while at the same ensure that business thrive and individuals are enterprising. However in many cases we see tax systems all over the world failing in their roles or even causing the collapse...more
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