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Tax software market set to grow exponentially
There’s no doubt that corporate tax software is an extremely useful addition to any business’s tax management infrastructure. Over the next decade, and further into the future, the usage and scale of tax software are set to continue growing exponentially. But why? The scale of ongoing growth It’s estimated that the tax software market is…
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What’s Revenue Tax Compliance and How Can I Do It?
In the sales tax filing, we’re often asked regarding”the way to perform sales tax” How can one remain tax compliant? In short tax compliance submitting and is both currently currently preparing sales and use tax returns. After pay or a taxpayer is enrolled to collect sales and use taxation yields have to be filed and…
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Final Estate Tax Portability Rules and What You Need to Know
Married couples and recently widowed individuals should be aware of what 2017’s Internal Revenue Service Revenue (IRS) Procedure 2017-34 means to them. Also known as portability rules for estate taxes, this measure provides potential financial savings to surviving spouses and their heirs. While the provision is not widely known, being aware of it can prove…
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How to Find the Right Tax Professional for Your Small Business
When most business hear the word – accounting – they get a little bit nervous. And the younger entrepreneur is, the more nervous he gets. According to research from small business mentoring organization SCORE, around 40% of small business owners say that accounting, bookkeeping and taxes are the worst parts of owning and operating a…
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Lesson No 1, Chancellor: cut our taxes
Philip Hammond will deliver his first mini-budget on Wednesday. Will he let us keep more of our money? Income tax is turning into a battleground between different factions in the Conservative government of our newish prime minister, Theresa May. There are laissez-faire, low-tax enthusiasts and more interventionist, nanny-knows-best Tories. This week’s autumn statement, the first…
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National insurance ‘stealth tax’ of £200 slips below radar
The government has imposed a tax rise of £200 a year for people earning more than £43,000 through a change to national insurance contributions quietly released yesterday.
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