Most Americans are aware that cheating on their taxes is a crime, and yet many of them – 17 percent of all taxpayers, according to the IRS – are not complying with tax laws, in some form or another. Together, those who are hiding money and assets or falsify documents […]
What do they say about tax? Well, Benjamin Franklin once said, “The only things certain in life are death and taxes.”...
Submission of VAT returns on time is an important aspect of any business to maintain a good reputation and avoid any...
If you enjoy the occasional poker game like I do, you would not think about leaving your money on the table when...
“Hey!!! I pay taxes because that is my obligation towards my state. But… What to do of fraudulent? How to protect myself? Somebody, help!!!” If the chatter is to be trusted, identity theft tops this year’s list of taxpayer concerns. And it is not all in your head: a 2015 […]Read more ›
VAT registration is done for a "person" and not for the business. This "person" can either be considered an entity (organization) or any legal person or an individual. A legal person’s a distinct body or an entity that exists separately from the legal/natural persons comprising that particular body or entity. […]Read more ›
The decree of EU (European Union) VAT has undergone a minor change from 1st January, 2015. This has specially affected the digital servicing sales between a seller and a consumer. Let’s go through some important FAQs related to the current decree of EU VAT. What are the business criteria required […]Read more ›
You've got a business and as a responsible business owner you understand that you have a duty to government and country to pay your share of taxes. It's been like that forever, and will continue to be so. But what kinds of taxes should you be contributing, and how can […]Read more ›
Your friend's father just had his knee replacement surgery and your friend has burnt a hole in his pocket paying the hospital bills. The bills have a natural tendency to make anyone or rather everyone worried. The sky rocketing medical bills seem to be increasing exponentially with time. The Income […]Read more ›
Most of us would like to pay less tax, allowing us to invest more in our businesses, and making our figures better. With corporate tax planning, companies can check that the tax that they are paying is correct. The Government offer a number of incentives to help businesses and this […]Read more ›
Tax saving is very simple provided you plan it properly and much ahead of a financial year. You can save tax by reducing your taxable income. And you can reduce your taxable income by claiming various deductions offered under the Indian Income Tax Act, 1961. Amount of tax deduction varies […]Read more ›