It Is the Season for Tax Breaks! With April 15 rapidly approaching many are scrambling to complete their taxes. For those who have recently bought or sold a home, there are a number of tax deductions that that may be available to them.Real estate broker's commissions, title insurance, legal fees, advertising costs, administrative costs, and inspection fees are all considered selling costs and may be used to reduce one's taxable...more
Gibraltar as an offshore company tax haven A number of factors make Gibraltar attractive for offshore business conduct; good geographical location and bilingual (English and Spanish) territory; cost effectiveness and attractive fiscal regime for offshore investors; excellent reputation, stable government and special status within the European Union; excellent infrastructure and communications; favorable tax status for offshore...more
Common Reasons For Tax Rebates The tax rebate is one of those things that a lot of taxpayers wait for anxiously. Despite the fact that a lot of people do not take serious steps to ensure that they utilize their monies correctly, a good number of them are always eager to get the cash. However, although these people may genuinely be desiring to lay their hands on these monies, not all of them qualify for the same. In this article today, we are going to look at some of the reasons why some people get the tax rebates while others do not get the tax rebate that they so desperately yearn for. Faulty OverpaymentsThe first reason why someone can claim a tax rebate is when that person has wrongly filled the tax return and in the process been forced to pay more than he was supposed to pay. When such a person realizes that indeed there was an overpayment, the person is at liberty to contact the Revenue and Customs office and then tell them about the situation that he or she is in. He will also be allowed to apply for some refund that equals the amount that has been wrongfully overpaid. Working As A StudentThe other condition that causes many people to be due a tax refund is...more
Knowing When To Claim A Tax Rebate The truth of the matter is that there are so many people who deserve a tax rebate but who never take any steps to claim them. At the same time, there are many people who are very eager to claim the refund even when they know that there are indeed very few chances of them accessing the same. In this...more
How To Apply For A Tax Rebate if you are employed If you suspect that you are due a tax refund but are not so sure on how you should proceed with the application process, then be my guest. Every year, millions of pounds go unclaimed by people who are actually supposed to claim that money. Despite the fact that a good number of people...more
How Not To Use Your Tax Rebate There are so many people who get their tax rebates but do not really know how they should use this money. They tend to use this money in a haphazard manner because they do believe that this money is "free money." There is really no need for us to base so much of our discussion on whether or not this is actually "free money," but I think that it would be proper if we were to spend more time in discussing how we should not use this so-called "free money."Don't Spend It Without Budgeting For ItThe first thing that you should not do when you are spending your money is to spend it without budgeting for it. Despite the fact that it is pretty obvious that you should not peg your important purchases on the tax rebate that you are yet to receive, it makes a lot of sense to budget for it so that the moment it comes to you, you already have an idea of where you are going to place it. This ensures that you are not overwhelmed by the amount of money that you will receive form the government.Do Not Spend It On FunAnother thing that you should not do is to spend your tax rebate money on fun. Although there is nothing bad with enjoying yourself in one...more
The Challenges In Applying For A Tax Rebate If you are applying for a tax rebate, you need to keep in mind the fact that the process will have its own challenges, and that you should be ready to deal with these challenges if you would...more
Advantages Of Filing Your Tax Returns Early The business of filing tax returns has become one of the most head-cracking activities ever since the concept of self-assessment was popularized. However, a good number of people are yet to...more
Life Settlements and How They Affect Taxes Understanding the tax implications of replacing or selling existing life insurance coverage will help shed some light on the options available to financial advisors and policy holders looking...more
How A Flexible-benefits Plan Gives You A Tax Break Flexible-benefits Plan (FBP) is an employee benefits plan which helps the employees' to save considerable amount of taxes by paying certain expenses from their pre-tax income. Some of...more
UNC trio tries to make up for lost time in front of NFL scou Marvin Austin and Robert Quinn lined up side-by-side on North Carolina's practice field for defensive line drills while Greg Little hauled in passes.It was harsh reminder of...more
The NFL Lockout is Turning Everyone into a Loser – Can't We All Just Get Along?! The decertified NFL players association – which is not, I repeat, not a union – is encouraging incoming players to skip the league's draft...more