Introduction As an old saying goes, there are two certainties in life: death and taxes. Although no one enjoys paying taxes, the right of governments to collect taxes is the basis of society, and all citizens of a nation are forced to pay taxes to support the public benefits that
If may not be illegal, but some find that fact that huge international companies are avoiding paying millions of pounds in tax immoral to say the least. But with little that can be done to force these firms to pay their ‘fair share’, it would seem the procedure known as
(Guest US tax blog) The view that non-profit organizations (NPs) are not subject to taxation is rather simplistic and somewhat erroneous. NPs exist to provide benefit to the community in such areas as education, science and charity for the underprivileged. Such organizations can make a profit from their activities; however,
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
A lot of people seem to believe that tax lawyers are, in many ways, similar to any other legal professional. However, apart from their specialization in tax laws, these attorneys are different from the other legal professionals in more ways than one. Though lawyers and taxes are some of the
Guest post from a US legal blogger regarding the top qualities in every good tax lawyer. There is no denying that the field of tax law is very technical and complex. While the general field of law is about handling legal issues of all different sorts, tax law is one
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,
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