The VAT default surcharge is being replaced with a new VAT penalty and interest regime. The new rules apply to VAT accounting periods beginning on or after 1 January 2023. Late filing penalties The new penalty regime operates on a points-based system. Each VAT return received late, including nil and repayment returns, will receive one … Read More “VAT penalties – New rules” »
Category: About tax
Problems ahead in 2023: Markets down. Recession deep. Taxes up. Solutions: (1) Irrevocable life insurance trust (eliminate all taxes legally forever); (2) Leveraged long-term care (LTC) insurance; (3) 401(h) health expense account: tax trifecta – tax-free contributions, growth and distributions. (See SOLUTIONS, further below.) “Economists predicted 12 of the last four economic crises.” You need … Read More “TAX-FREE STRATEGIES IN AN UNCERTAIN ECONOMY” »
Gasoline is not that expensive. One would argue that right now with prices in the United States as the highest ever. According to AAA the average regular gas price nationally is currently $4.31. Now, surprisingly this is lower than the $4.32 posted yesterday. This is the grade of fuel that cars made 2001 and older … Read More “2022 Energy crisis and failure to connect Reality.” »
2021 Tax Due Dates for Canadians The new year has arrived, and as diligent accountants, we’re already making plans for 2021. To get things started, we’ll go through the most important tax deadlines that Canadian taxpayers will face this year. We will look at: Personal Tax Deadlines in 2021 Corporate Tax Deadlines in 2021, and … Read More “When Are Corporate and Personal Taxes Due in Canada in 2021?” »
The internship program is a link between the working world and the higher education of students. The students get to explore their theoretical concepts and gain work experience in the real world. In the accounting field, accounting internship could be very beneficial for students. It embraces students to find their career objectives, have better goals, … Read More “You Would Never Have Thought That Having Accounting Internship Could Be So Beneficial” »
Universal Account Number (UAN) is the bank account where an employee’s provident fund (EPF) transfers are performed. In many firms, salaried representatives are provided EPF as an aid that saves taxes and continues to long-called savings. Many representatives are conscious of their capital being combined to their PF collects, but not usually recognize where this … Read More “ACTIVATION OF UAN” »
In the event that you are freely used or a business visionary, you beginning at now have a ton going on. You have to stress over clients, providers and an unsafe circumstance of different things. Regardless, keeping up a business or acting routinely utilized isn’t irrationally undeniable and you additionally need to oversee accounting, bookkeeping … Read More “Focal motivations behind getting a Tax direct for Small Business Firms” »
Background The recognition of water as a precious resource in Australia has led to a proliferation of statutory licensing schemes throughout our various states and territories. In many cases, a water license will feature as a significant asset of a typical primary production business. Moreover, primary producers are increasingly becoming involved in transactions and dealings … Read More “Avoiding the flood — tax issues with water rights in agribusiness” »
Before COVID-19, Karen was a graphic designer who worked for small marketing company. Her partner David worked as a sole trader in the tiling industry. They have 2 kids, aged 6 and 9, who are enrolled in primary school. David’s work primarily is in the household repairs area, and he uses a sub-contractor for some … Read More “Social security benefits for a family (COVID-19)” »
QuickBooks Desktop, being a multi-user software, might give the trouble of several errors show on your computer screen at the time of Installation. Error codes like QuickBooks Error 1603, Error 1722, Error 1903 and Error 1904, etc. are quite common. These errors can cause a lot of trouble for the users. Things like software crashing, … Read More “How to use QuickBooks Component Repair Tool?” »