How To Minimize The Taxes On Marcellus Shale Payments The advent of Marcellus Shale leasings and royalties in Western Pennsylvania and the Pittsburgh area finds some lucky area land owner faced with decisions involving large sums of money in a scale they have not encountered in the past. As exciting as this is, as with all accumulations of wealth, either short term or long term, there are important accounting challenges that must...more
How to Overcome Expat Tax Challenges? Companies are increasingly sending their employees overseas to maximize their worldwide business opportunities. Any business conducted on foreign land means additional regulations and taxes. Expats and their employees need help and advice on local country norms as it is imperative to know the laws and regulations of a foreign country. Since taxes and regulations vary from country to country,...more
How to Resolve Tax Issues in Transfer Pricing The rapid increase in multinational trade and the use of transfer pricing tax strategies has attracted a high level of international attention. As multinational corporations are evolving into global enterprises, it is fast becoming a complicated and expensive task to comply with the differing landscape of legal precedents, regulations and local country nuances for transfer pricing issues. Tax authorities around the globe have increased efforts to get the extra tax dollars and become more aggressive in the transfer pricing arena. With the introduction of stricter penalties, increased information exchange, increased audit and inspection activity, it is critical to be informed and avoid costly penalties later. The intense scrutiny implies significant risks for the unwary and unprepared, especially in intercompany transfer pricing where every transaction needs to be analyzed under a different set of facts and circumstances. As transfer pricing varies across countries and it is difficult to keep abreast of all the information, for instance in Australia: The Australian Taxation Office (ATO) has stated that it will significantly...more
Avoid Tax Penalty Fees when You Use Help to File Federal Income Taxes So you feel you are free from the burden of filing your income taxes? There is NO excuse to not file income taxes! Perhaps it slipped your mind, or it could be that you were financially hindered from doing so. Or maybe you merely didn't want to file because you...more
Minimize Your Tax with the Help of Tax Accountants A full time accountant is needed only if you have a large organization. A good accountant should have an associate diploma as it exhibits the critical awareness of the area to be flourishing. It is optional to stick on to your associate degree with certified public accountant (CPA)...more
Obtaining Pension Tax Relief The government encourages everyone to save for his or her retirement by providing tax relief on pension contributions. A tax relief either reduces tax bill or increases pension fund. There is plenty of tax and financial vehicles made in the United States where one can invest his pension. Some are tax deductible, like the traditional IRA and some not, like the Roth IRA. The traditional IRA is made with after-tax money and you can claim on your tax return, therefore reducing adjusted gross income. The process to get tax relief on pension contributions will depend on whether one is paying into a public service, occupational or personal pension scheme. Typically, the employer gets the pension contributions from the pay before tax is deducted. One only has to pay tax on the amount left, thus whether one pays tax at a basic, higher or additional rate, one will be able to get the full relief immediately. Practitioner and contribute to a public service arrangement, one will be taxed as self-employed for a portion of the earnings so one should claim tax relief through the self-assessment tax return. Furthermore, one can put money in someone...more
What Should Be On Your Tax Preparation Checklist? Now's the time to make sure you have your tax preparation checklist ready to meet with your accountant. Why? Because thorough preparation will enable your tax accountant to complete...more
Luring Potential Clients for Your Firm through Income Tax Neon Signs Advertisement is very important for business for it to grow and prosper. Thus, if you are to put up a business that handles tax services issues, you must have an...more
Joint Taxes and Innocent Spouse Relief One of the many great benefits of marriage is filing jointly for taxes. Sure it may not sound that exciting, but you can take advantage of more deductions if you file jointly. Even when you file...more
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Arkansas Quarterback Ryan Mallett Ready For 2011 NFL Draft The Miami Dolphins, Minnesota Vikings and Cincinnati Bengals will meet up with Arkansas quarterback Ryan Mallett ahead of the 2011 NFL Draft.Arkansas quarterback Ryan Mallett...more
Overview of Singapore Corporate Tax For Newly Incorporated Company Its tax system is well regulated and is less than in the other developed countries. It uses territorial basis of taxation where taxes are imposed on the income derived....more