Not long ago the comedian known as Sinbad (a.k.a David Adkins) filed for bankruptcy. ABC News reports that Sinbad failed to pay state and federal taxes in the past and, as a result, was forced to seek bankruptcy protection. This will be Sinbad's second bankruptcy filing, the first one occurring […]
Taxes
How to Control Ocean Freight Charges
While the standard consumer may only think that increasing fuel charges only affect the average motorist, the unfortunate truth is that they are the reason behind many of the price increases on our favourite domestic products. International businesses are being hit hard on shipping costs and if recent news reports […]
Misconceptions about Novated Leases
Everyone knows someone who simply has to weigh in on every topic of conversation, regardless of whether or not they actually know anything about what is being discussed. Who knows why they do it. Maybe they think they know everything and want to share their wisdom. Maybe they are maliciously […]
What Payroll Software Should Your Business Use?
Maintaining payroll systems can require long hours and tedious work. As a business grows and the number of employees increases, tracking things like sick pay, tax deductions, insurance benefits, and maternity pay and wages can become an overwhelming task. Most companies that have only a few employees choose to do […]
How to File Back Taxes
Do you have an income? Have you been consistently filing your tax return every year on time? If not, just know that though they may be slow to act, the IRS is a highly efficient government agency and you risk facing fines, penalties, and even criminal prosecution if you fail […]
Chinese Ecommerce Sites Potentially Face Huge Tax Woes
E-commerce has radically changed the way retailers conduct business and how people shop for the products they both want and need. It has also forced government entities to reconsider the methods they use to tax online retail businesses, in the United States and globally, and China’s e-commerce market is bringing […]
The Dummies Guide To Property Taxes
State, county and municipal governments need revenue to provide services for their residents. To pay for schools, roads, maintenance, police and fire protection, among other things, revenue must be raised in the form of taxes. Though some may use income and sales tax as a form of revenue collection, property […]
How To Appeal Your Property Tax Rate
Property taxes are something few like to pay and which causes disgruntlement when opening the tax bill. Mistakes can be made by the county or municipal taxing authority that leads to a higher tax bill. But there is a means of disputing the tax bill. Most taxing authorities have a […]
Famous Tax Evasion Cases
Tax evasion is a pretty serious criminal offense. And to show just how serious it is, you’ve got the professional celebrity evaders to prove it. These guys are the big boys, and they don’t play around when it comes to stashing million and millions of dollars away, ignoring tax services. […]
Biggest US Tax Evaders
America's corporate tax rate is 35% which is claimed to be the highest among industrialized nations, worldwide. However, most of the U.S corporations don't pay their taxes within those rates or percents. There are American companies that are not paying any taxes at all and are even receiving tax credits. […]