The IRS is probably the most feared arm of the United States government. There are people who fear the IRS more than they do the FBI or the CIA. In facing this branch of the government, you will need a lot of help. While some people may advice you to get a Certified Public Accountant, there are lot of reasons not to do so. In fact, what you should do is get a tax law attorney. Why should you hire a tax law attorney? First of all,...more
Srinivasan Anand G.The Direct Taxes Code Bill, 2009 is silent on the tax treatment of reverse mortgage. The author opines that having regard to the nature of the transaction, the position which prevails under the Income-tax Act, 1961 will continue under the Code also. However, it is desirable that express provisions be incorporated.1. Under section 47(xvi) of the Income-tax Act, 1961 (the Act), any transfer of a capital asset in a transaction of...more
Mobile digital signage no matter if it is a topper on a taxi cab or a fully mobile billboard truck, mobile signage is growing 90% faster than last year. We are constantly asked for signage enclosures for projects were they are going to be used in mobile digital signage applications, the benefit of mobile signage say using a billboard truck (this is a truck that has special sun bright screens both sides of it) is that if you have a new branch of a bank opening, you can target that particular neighbourhood. If for example you have a regional event, the best option is to drive down the major roads in your target area and look for a traffic jam – sounds crazy right? Well not that crazy, because the slower the traffic the more the marketing message is read! Tour Bus Sign. We have been involved with a tour company that sold tours round Caribbean islands and on each side of the tour bus they had a 3 metre x 1 metre sun light readable display that was fully protect from the elements, the only problem we could see with some of the driving is damage from an accident. Taxi Cab Topper. With New York alone having in excess of 53,000 “for hire vehicles”, advertising on the...more
Hong Kong is a central hub for business in Asia. It is extremely popular for a variety of reasons, including political stability, economic freedom and tax benefits. Hong Kong has one of the lowest tax rates in the world for a developed country, and has an intricate and effective tax system that allows companies to conduct business without being...more
Many entrepreneurs and individuals have heard about offshore banking, but are unsure about the benefits, the legal implications and even what it is exactly. By gaining a better understanding of what offshore banking really is entrepreneurs can decide whether it is relevant to their company, and to what extent it can benefit them.Technically...more
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They say that this tea is a darling. Yes, Darjeeling tea is often referred to by many as the finest in the world. Because of this, many people would seek only the finest Darjeeling to complete their afternoons.You may think that there are a lot of...more
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Every single quarter, employers are required to pay payroll taxes. They do this by withholding payroll taxes from each employee's paycheck. These taxes are paid to the IRS. The forms that the employers use to fill payroll taxes are normally the...more