Big Data and an ever aggressive approach by the IRS toward ferreting out Americans living abroad who are not current with their US tax filing has, so far, not yielded the results that the US government hoped for. With a tax system that is based largely upon voluntary compliance, the United States wields a big … Read More “IRS Finally Gets It Right – This Is The Penalty-Free Path Forward American Late Filers Have Been Waiting For” »
Over the last decade, the offset mortgage market has experienced exponential growth. Low savings rates combined with increased consumer awareness have pushed offset products into the mainstream, after years of relative obscurity. However, many potential borrowers are still left with questions: What are the benefits of offset mortgages? Who can benefit from this type of … Read More “Who Can Benefit from an Offset Mortgage?” »
There is a growing number of first-time buy to let landlords in the UK. With buy to let mortgages offering attractive rates, rent prices hitting new highs, and house prices setting records, landlords are seeing impressive returns. This doesn’t mean, however, that success on the buy to let market is easy and requires little effort. … Read More “Top 7 Tips for Buy to Let Mortgages” »
Although mortgage interest rates have hit a historic low, many households are paying over a third of their income on housing costs. According to an Ipsos MORI survey commissioned by the BBC’s Panorama programme, 31% of household surveyed spend over a third of their income on a mortgage or rent. There are a number of … Read More “Over One-Third of Income Spent on Mortgages or Rent in Many Households” »
Signing up for a mortgage is a necessity for many people who wish to own their own home. There aren’t many people who can afford to spend several hundred thousand pounds for the home of their dreams at one time. Mortgages allow people to borrow money from a lending organization like a bank to finance … Read More “Tips for Mortgages” »
If you’re wondering how to compare loans, two of the most important elements to look at are the index and margin. These are especially important in ARMs, which feature varying rates of interest and flexible monthly payments. The Index An index is essentially a base rate of interest from which your lender establishes the interest … Read More “Basics of How to Compare Loans: Understanding Index and Margin in Adjustable-Rate Mortgage Loans” »
Estate taxes, also referred to as death taxes, relate to “power to transmit or the transition or receipt of property by death.” Estate taxes are imposed when property is transferred at death. The size of the estate depends on the graduation of the tax. Estate tax consists of “an accounting of everything you own or … Read More “Estate Tax History” »
We all love to dream about the future we want, but many of us do not like the idea of organizing our finances and preparing a financial plan. It seems that our dream of our future is the fun part, but planning sounds like tedious and boring work. This is evident by the fact that … Read More “Financial Plan is Important So Why Many of us Don’t Have One?” »
Working at home is too good to be true for many of us but the idea of generating additional income while working from home is not impossible. Even though there are reputable home-based businesses out there, most require a lot of upfront capital or the ability to store goods in the home which can be … Read More “Facts To Consider When Starting Your Own Tax Business.” »
The daunting three letter word, tax, can evoke a wide range of emotions. However, it doesn’t have to, as the grass may well be greener on the other side. The confusion around tax refunds is a common occurrence. A tax refund is a repayment of PAYE tax that you have overpaid during the tax year. … Read More “Tax refunds made simple” »