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Somebody once said that change is the only constant. However, despite knowing this not many of us are very comfortable with change and when that change happens to be associated with movement to a different country, we have reasons to be apprehensive about it, notwithstanding the excitement that would also accompany this change.This apprehension is...more
Don't be late with your paper workYour online tax return, plus any tax due, must be sent to HMRC by 31 January of the following year. The following steps can be followed to submit your tax return online: For a Self Assessment For a DIY Tax Return, you would need put together a statement of earnings, in order to show how much you earned whilst self employed. You will be required to obtain P45/P60 docs from any PAYE or full time employment you may have had.For a CIS (Construction Industry Scheme) Tax Return, you will require the following:Pay slips for the tax year or your statement of earnings, for each of your employers. If you have had PAYE or permanent employment in the same period, then you will also need to submit your P45s and P60s as well.You can claim expenses for work purposes only, and you will have to identify each of these expenses, as you can claim 10% of your salary as expenses.Late returns will automatically receive a 100 pound penalty and a second 100 pound fine applies if you have not filed and paid by 28 February. Any further delays could result in more serious penalties. It is important to note that it is a legal requirement to keep your filed tax return and...more
When these updated formulas become available for use, IRS employees will be better positioned to select returns for examination that have the greatest likelihood of under reporting Using such an approach better ensures that IRS audits are focused on...more
If you are facing any tax related problem you need to depend on professionals because handling such complicated things are nearly impossible for a lay man. You can count on tax attorneys whenever you face IRS problems. Experienced attorneys can offer...more
The Foreclosure wave has left many properties vacant and ready to sell in the State of Washington. Washington foreclosures are available for a steal and therefore present great opportunities for those who are looking for affordable housing or a...more
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Most people are surprised to learn they have a tax bill after having their taxes prepared. There's nothing worse than paying taxes all year, only to find out you still have more to pay.However, if you're careful about your tax planning, it is...more
Don't get caught unprepared at tax time. We've all known that the end of the financial year is at the same time every year, yet many people seem really surprised that it's upon them again.This year, take a little time to prepare yourself for tax time...more