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Category: Tax Law

Investing in Property: What Are Real Estate Taxes in Italy?

When investing in property abroad, understanding the local tax system is essential to making sound financial decisions. Italy, with its picturesque landscapes and rich culture, has long been a favourite destination for property investors. However, navigating real estate taxes in Italy can be complex for both residents and non-residents. These

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Family Investment Company – A Good Idea

Perhaps something that may have slipped by most people in the Chancellor’s Summer Budget was the commitment to reduce Corporation Tax firstly from 20% to 19% by 2017 and then to 18% by 2020. The United Kingdom already enjoys one of the lowest Corporation Tax rates in the developed world

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Stamp Duty Mitigation: The Facts

The house price growth that has recently taken place has resulted in more home buyers having to contend with stamp duty payments. Between 2012 and 2013, £4.9bn was paid in stamp duty and the amount is set to continue growing. It has been predicted that by 2018, at least 75

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The Home Office Deduction Explained

By Bert Seither, small business consultant It has become increasingly common for self-employed entrepreneurs and small business owners to be working from a home office. With more people using the Internet to conduct business and technological innovations like Skype and FaceTime for face-to-face communication purposes, more people continue to discover

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2014 IRS Tax Law Changes To Know About

By Bert Seither, Director of Operations at Corporate Tax Network About the author: Bert Seither is the Director of Operations at Corporate Tax Network, a national accounting and business development firm. For nearly 10 years, Seither has assisted small business owners to help put their companies on a path to

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Common Overlooked Tax Issues in the UK

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 –

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IRS Options Available To Help US Taxpayers with Offshore Interests

The IRS understands that its intense focus concerning offshore enforcement efforts along with related disclosure programs has gotten the attention of many U.S. citizens in regard to filing their taxes and information reporting duties. Due to these concerns the IRS created several documents to help explain the requirements in detail.

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Biggest Business Tax Scandals

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

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