We can all make errors when it comes to working out our taxes. Here are some common overlooked tax issues: 1. Not checking your tax code Your tax code is important, and tells your employer or pension company how much money you are entitled to be paid tax free –
Everyone loves a good tax scandal. Tax scandals are present all around the world. Most businesses try to avoid as many taxes as they possibly can (because all businesses in the United States are taxed at 40 percent, as of 2012), because they want to increase profits. However, when large
Almost every other day, there is news about a celebrity or executive accused by the Internal Revenue Service (IRS) of tax evasion. This governmental agency requires that individuals and businesses pay taxes on a “pay-as-you-go” basis. Many people and organizations, however, are not able to meet this stringent rule. This
The following is a new Infographic created by the team at Real Business Rescue, centred around the recent topical news about corporate tax avoidance featuring various multinationals such as Vodafone, Starbucks, Apple, Amazon, Google, IBM, Boots, Microsoft, Ebay and Facebook are implementing to name but a few, together with some
On Feb. 13 of this year, United States Attorney Robert E. O’Neill announced that Carlista Hawls, of Riverview, Florida, plead guilty to one count of tax fraud and one count of aggravated identity theft. Along with several accomplices, Hawls carried out a plan to file false income tax returns and
At the Conservative party conference in 2007 the current Chancellor of the Exchequer, George Osborne, stood up and promised that anyone fortunate enough to have an estate valued at up to £1 million would not have to pay Inheritance Tax; this week any hopes that he would deliver on this
Guest post regarding protecting yourself from the risk of a tax investigation (mainly US law) Protecting yourself completely against an IRS audit is virtually impossible. A tax investigation is something that can happen to any business or person, no matter how many times you’ve prepared your taxes correctly. Even so,
(US Law) An IRS audit is an investigation of your finances and tax returns by US authorities in order to verify the correct amount of your taxes. IRS audit can be intimidating for most of the people. You never know when IRS is going to request your documents and start
A recent report by TribLive News has determined that wealthy individuals in the United States have stashed as much as $25 trillion dollars in overseas bank accounts. Options such as offshore trusts, hedge funds, and limited liability corportations allow investors to place assets in a shelter from taxes and lawsuits.
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