Taxes Articles

Finance » Taxes | By Helen Hecker @ Thursday, 25th October 2007 @ 4:37 PM

Today in the US it's possible to donate a vehicle (usually a car, but it can be a truck, boat or any other type of transportation) to certain charities, and in return be able to claim a tax deduction on your income tax return. If the car donation is accepted, the charity takes care of any towing expenses and provides you with the necessary documents for tax purposes. If a charity does not welcome your questions and provide clear answers about where the proceeds from donations will go you mi... more...

Finance » Taxes | By Jim Brown @ Friday, 19th October 2007 @ 8:43 PM

It is the first year of your business and that time of year has come for you to file your business tax return. It is of utmost importance that any business owner for that matter should prepare such files not only accurately but in a timely manner. Achieving favorable results for the business is very much essential as well. The form should be reviewed completely. Take a look at the items on the business return that the government expects you to fill out accurately most especially the amoun... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 11:12 AM

With a General Election possibly just four weeks away, the British Conservative Party is producing policy reviews that could be adopted for their manifesto - and should they win ultimately become part of a new administration's legislative programme. One such review looks at taxation, and proposals include cutting bureaucracy and saving British business some 14 billion Sterling a year, while the review considers changes in the tax structure. Part of this review, co-chaired by f... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:53 AM

Private banking and no income tax are hallmarks of Monaco, the world's best known tax haven, but in a move that has surprised many Monaco has collated and published her first ever GDP figures. But far from moving away from her tax haven status that attracts millionaires and billionaires to live in the principality, a travel guide for Monaco says it is for other reasons. Prince Albert, who became Monaco's Sovereign in 2005, has been strutting the world stage promoting glob... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:52 AM

The demand for residency in the European tax haven of Andorra has increased significantly in recent years, as rival tax haven Monaco has seen her property prices rise significantly. And while property prices in Andorra have increased significantly as well, particularly in the last three years, it started from a much lower base than Monaco, and a property in Andorra still costs less than a quarter of that of Monaco. The lowest price property in Andorra is currently a 38m2 studio apa... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:45 AM

Tax haven Andorra's government has introduced Capital Gains Tax in a move that has surprised many in the tax industry. Andorra is a well known European tax haven, and residents benefit from a zero rated income tax and inheritance tax. The reason for the introduction of the capital gains tax according to the Andorra authorities is to try to slow down the high property inflation seen in the principality in recent years. Property prices have risen an average of ten per cen... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:43 AM

As indirect taxes rise across Europe, more high earners and those selling their businesses are considering moving to a tax free environment. And if they want to stay in Europe, there are only two true and stable tax havens left which offer an income tax free existence - Monaco and Andorra. Of the two tax havens, Monaco is the better known. Monaco has an image of glamour and sophistication the world over, and is famous for the Grand Prix around the streets of Monte Carlo. ... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:41 AM

Increasing demand for residency in the European tax haven of Andorra has been seen, as rival tax haven Monaco has seen her property prices rise significantly. And while property prices in Andorra have increased significantly as well, particularly in the last three years, it started from a much lower base than Monaco, and a property in Andorra still costs less than a quarter of that of Monaco. The lowest price property in Andorra is currently a 38m2 studio apartment at 145,000 Euros... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:34 AM

Demand for residency in the European tax haven of Andorra has increased significantly in recent years, as rival tax haven Monaco has seen her property prices rise significantly. And while property prices in Andorra have increased significantly as well, particularly in the last three years, it started from a much lower base than Monaco, and a property in Andorra still costs less than a quarter of that of Monaco. The lowest price property in Andorra is currently a 38m2 studio apartme... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:33 AM

After two decades of growing visitor numbers, Andorra has been increasing her visitor numbers to over ten million a year for ski holidays and happily investing for the future to ensure she remains as one of Europe's top ski destinations but that came to a screeching halt earlier this year when the one thing a ski destination really needs didn't arrive - snow. The Andorra authorities are hoping that the lack of snow which kept so many regular visitors as well as new ones away thi... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:31 AM

Banking privacy and no income tax are hallmarks of Monaco, the world's best known tax haven, but in a move that has surprised many Monaco has collated and published her first ever GDP figures. But far from moving away from her tax haven status that attracts millionaires and billionaires to live in the principality, a travel guide for Monaco says it is for other reasons. Prince Albert, who became Monaco's Sovereign in 2005, has been strutting the world stage promoting glob... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:29 AM

The Andorra government has introduced Capital Gains Tax in a move that has surprised many in the tax industry. Andorra is a well known European tax haven, and residents benefit from a zero rated income tax and inheritance tax. The reason for the introduction of the capital gains tax according to the Andorra authorities is to try to slow down the high property inflation seen in the principality in recent years. Property prices have risen an average of ten per cent over the la... more...

Finance » Taxes | By Roger Munns @ Friday, 19th October 2007 @ 10:27 AM

Monaco has recently become the most expensive country in Europe for property - or second depending upon which international estate agent's data you trust more - and it's in no small part thanks to the increasing and continuing influx of British buyers. Previously a relatively small group of Monaco residents, the number of British people living in Monaco has doubled in the last two years since 2005, with some 3000 now claiming residency in Monaco. The figure could be set t... more...

Finance » Taxes | By andrew chin @ Friday, 12th October 2007 @ 7:10 PM

Finding free tax help is much simpler than you think. Even though there are several ways to do your taxes, most individuals still try to do it on their own, without the assistance of professionals services. This may be a very good thing and is absolutely the most affordable way to file your taxes, but it also means that you have to face problems and questions on your own. Since errors on your taxes could be costly and long, drawn out problems, it is best to have the ability to seek the help y... more...

Finance » Taxes | By andrew chin @ Friday, 12th October 2007 @ 6:59 PM

There are several options when it comes to online tax help. You will find tutorials, forms, web chats and filing instructions as well as a variety of software products to actually assist you to fill out your forms easily and get them turned in. The assistance you want is available within a matter of minutes. Online tax help is something that you should take advantage of since it is readily available to you. Today, you could log into any of these helpful tools, ask for help with your taxes and ... more...

Finance » Taxes | By Kip Goldhammer @ Saturday, 6th October 2007 @ 8:51 PM

Taxation is a very important aspect of the functioning of civilized society. In that sense, the IRS performs a very significant duty. However, not every taxpayer is perfect in paying their taxes. There are several faults that occur - accidentally, intentionally or out of ignorance - when people file their returns. When this happens, the IRS has no other option but to impose penalties on errant taxpayers. It is important for taxpayers to know about these IRS penalties, because some of them can be... more...

Finance » Taxes | By Roger Munns @ Wednesday, 5th September 2007 @ 12:37 AM

With a General Election possibly just four weeks away, the British Conservative Party is producing policy reviews that could be adopted for their manifesto - and should they win ultimately become part of a new administration's legislative programme. One such review looks at taxation, and proposals include cutting bureaucracy and saving British business some 14 billion Sterling a year, while the review considers changes in the tax structure. Part of this review, co-chaired by f... more...

Finance » Taxes | By Kris Koonar @ Tuesday, 4th September 2007 @ 2:22 PM

Nowadays many people have their wealth in both tangible and intangible assets. These intangible assets are also known as intellectual property. It includes patents, copyrights, trademarks and even trade secrets. Many a times the value people are in possession of thus is much higher than the physical assets. The commercialization and widespread use of the Internet provides everyone the chance to create intellectual property. This is no longer restricted to the large Multi National Corpora... more...

Finance » Taxes | By Kris Koonar @ Tuesday, 4th September 2007 @ 2:19 PM

Many work hard and meet with success, as they batter through storms, handle market swings and keep consumers satisfied. You achieved all this for yourself and your family. But have you spent one minute and thought about what would happen to your business when you are not there? If you haven't, then it is high time you gave it a serious thought. So here are some simple business succession and estate tax planning strategies. According to a market survey, 25 percent of the family busin... more...

Finance » Taxes | By Kris Koonar @ Tuesday, 4th September 2007 @ 7:36 AM

The government provides estate tax as a levy against the taxable estate of a deceased person. Taxable estate is gross estate that is reduced by some allowable deductions. The value of an asset is determined on the basis of "fair market value" or the amount that it would fetch if sold in the open market. Every benefactor needs to have a personal representative who will be choosing the date for valuation to ascertain the asset's value. It can either be the date when the benefa... more...