What is Needed for Tax Preparation Hoping for a tax return this year and needing to find tax preparation in Portland? Since people can't get away from taxes, it is important to keep accurate records and receipts. Families bringing in more than one income will want to be even more diligent in keeping track of income and expenses. Higher household incomes give added incentive to keep track of finances, assuring maximum tax returns...more
Paying Someone Else's Taxes Can Benefit You Did you know that you could make money by paying someone else's property taxes? Thirty-one states provide a little-known investment opportunity that might be perfect for you.You could even see an annual interest return from 18% to 50%.The returns are available through tax lien and tax deed certificates sold by the county. Tax liens are placed on a property when the real estate taxes...more
What Is A Tax Invoice? A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.You can easily learn what the general requirements are for keeping tax invoices and what you can do if you receive a tax invoice too late to claim a GST credit, as well as what the requirements are for issuing tax invoices that are specific to the value of the supplies, and how you can issue duplicate tax invoices.It is generally true that in order to claim a GST credit for a supply of more than $50, including GST, you must hold a tax invoice.When you supply goods and/or services to another person who is registered, you must be able to provide a tax invoice within 28 days when the purchaser asks you for one. You could be charged with penalties if you do not supply the purchaser with a tax invoice after such a request is made.For claims on supplies that are worth $50 or more, you must hold a tax invoice in order to claim a credit. You cannot claim your credit if you do not hold a tax invoice.This means that you cannot claim a credit for a...more
Differences Between Various Federal Income Tax Forms The Internal Revenue Service (IRS) of the United States is constantly improving the taxation system thus a remarkable change has been seen in to tax payment as well as increasing numbers of taxpayers each year. Federal tax form is a widely used term hitherto puzzling in terms of...more
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...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 banks; no exchange controls.Gibraltar also has an attractive trust regime. Trusts created by non-residents that generate overseas income are exempt from Gibraltar income tax.Gibraltar Companies and their Tax LiabilityA Gibraltar non-resident company is not taxable in Gibraltar. It is a company, which is incorporated in Gibraltar, owned by non-residents and controlled by directors who reside and hold board meetings outside Gibraltar.A company registered in Gibraltar will not be liable to Gibraltar taxation, including income tax and estate duty, if it's owned and controlled by non residents of Gibraltar, does not trade in Gibraltar and does not remit income to Gibraltar. In addition there is no wealth tax, Capital Gains Tax, gift tax or Value...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...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...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...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...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