Do you really understand the impact of the coming tax hikes on capital gains and income?Our office has been working on a five-year business plan for a client that has really exposed the impact of the tax increases coming in 2011 and 2013.Not only are increases in capital gains taxes going to take a bigger bite out of the proceeds of the sale of a company, but coming increases in income taxes and health-care taxes will take a bigger bite out of...more
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The Miami Dolphins might lose one of its top players to retirement but the team is still very much confident of achieving success in the next season of the National Football League. The Dolphins franchise revealed the recent retirement of defensive tackle Jason Ferguson will not affect their preparation and chances in the next season of the premier professional football league in the planet. Ferguson decided to quit playing professional football after 13 years in the NFL. The defensive tackle thank the Dolphins for all the years he had played with them. In his years in the NFL, Ferguson played for the New York Jets, Dallas Cowboys and Dolphins. He recorded 569 tackles, 21.5 sacks, 12 passes defended, six forced fumbles and two fumble recoveries in his NFL career. Dolphins executive vice president of football operations Bill Parcell expressed sadness over the decision of Ferguson to retire but accepted it with an open heart. Parcell said the Dolphins are now ready for now training hard to have a successful year in the next NFL season. Expected to take the lead for the Dolphins in the next NFL season are starters Ronnie Brown, Will Allen, running back Patrick Cobbs and linebacker...more
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Many people are probably wondering just what is a tax return. A tax return is simply a form or perhaps a document (a form on paper or alternatively it can be done online) that it ought to report your taxable income in much detail. And in addition if necessary it should also report any kind of capital gain.Section 139 of Income Tax Act, 1961 says...more
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