Posted on November 21, 2009Give our Planet a Gift by Using Reusable Grocery Bags this Holiday Season
With the holiday shopping season coming up consumers can give the gift of sustainability to our planet using reusable shopping bags. Plastic diposable bags are wasteful on the environment and require excessive amounts of fossil fuels to create.
Taxes Articles
Posted on November 21, 2009Service Tax On Equipment Leasing And Hire-Purchase - Whether Un-Constitutional?
This article makes a comprehensive analysis of the decision of the High Court in Kerala Non-banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1, wherein a recent issue as to : whether charging of service tax on banking and...
Posted on November 19, 2009How to Get a Tax Return Back from the US Government
The term ‘tax return’ gets everyone disturbed and worried. People try and avoid coming across this term to stay away from tensions related to money and the consequential health troubles resulting thereafter. Taxes are looked upon as something that...
Posted on November 13, 2009Certain Issues on Taxation of Charitable and Religious Institutions
In a vastly populated developing nation, the parallel role of NGOs in public welfare is indispensable. The Income-tax Act, 1961 has recognized the importance of the very concept of ‘charity’ in the Indian society. The income derived by charitable...
Posted on November 13, 2009Direct Taxes Code Is Silent On Tax Treatment of Reverse Mortgages
The 2009 is silent on the tax treatment of reverse mortgage. The author opines that having regard to the nature of the transaction, the position which prevails under the Income-tax Act, 1961 will continue under the Code also. However, it is...
Posted on October 28, 2009Alternate Submission Of Proof Of Imports -(For listed companies - Specific facility)
Whenever the foreign exchange is acquired and remitted, the proof of import by way of exchange control copy of bill of entry needs to be submitted to the authorised dealer. Non-submission of the proof of imports would invite action against the...
Posted on October 20, 2009Taxation of Import of services in India and levy of Service Tax
This article deals with the taxation of import of services in India and evaluation of levy of service tax in the light of some relevant circulars and notifications. The author has also referred to a decision of the Bombay High Court in Indian...
Posted on October 9, 2009There are Tax Benefits When Buying Medical Equipment
In this article we go over some of the benefits when buying medical equipment regarding your tax liabilities. We have researched the proper tax codes to give to your accountant when calculating the true costs of buying any major capital equipment...
Posted on October 10, 2009LLP Conceptually Different - Why Taxed As Partnership?
The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liability Partnership...
Posted on October 26, 2009Investment Based Deduction
Budget 2009 has taken a new initiative by introducing the concept of allowing deduction under income-tax for investment made in a new business ‘based on investment’ and ‘not based on profit earned’. It has inserted section 35AD allowing deduction of...
Posted on October 8, 2009Tax Preparer - How an Overseas Filer Beat the Odds of filing expat taxes
This article talks about the importance of understanding the concept of filing expat taxes. It clearly states why one should go for tax preparation service when it comes to expat taxes filing.Hiring a CPA to do my taxes is better, based primarily on...
Posted on September 24, 2009Goods And Service Tax - A Consumption Based Destination Tax
The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister’s public endorsement of the dual GST model.The dual GST model will comprise of a Central GST...
Posted on September 6, 2009How to Get The Best Savings on Taxes
Tax preparation seems complicated but this article on reducing your tax rate will go a long way in removing a lot of mystery and put taxes in perspective. So if you are among those who procrastinate endlessly to create a tax return for your...
Posted on September 5, 2009Non-Indication Of Service Tax In Bill - An Analysis
Whenever a service is brought into the service tax net, the service provider is liable to levy service tax on the service provided by him and to pay the service tax so collected from the service receivers. The Service Tax Rules make it mandatory to...
Posted on August 30, 2009North Miami Florida Accounting - Understands the Significance of Precise Entry
Accounting is the art of interpreting and analyzing data. It may not be clear to some but every business and individual are using accounting. It has been found that people use accounting knowingly or unknowingly to evaluate financial information and...
Posted on August 27, 2009Remanding Of Service Tax Matters
Service tax issue is the emerging one in the indirect tax matters. It opens the field to the professionals more to practice. In the proceedings before any quasi-judicial system, the principles of Natural Justice are to be complied with. Otherwise,...
Posted on August 9, 2009How Mortgage Servicing Companies Contribute to Foreclosures
While some borrowers have been successful defending their home due to the servicer or lender being unable to prove it holds the original note, not many people at all are aware of the fact that there are often three servicing companies involved in a...
Posted on August 9, 2009Service Tax – Budget Highlights 2009
The Economy may be good or bad, there may be any progress or not, there may be development or not, but imposition and leviability of taxes is certain for the growth of the country. Shri Pranab Mukherjee has also in his Budget done it for the benefit...
Posted on August 8, 2009Average Cost of a Foreclosure $20,000 to Local Government
One of the consequences of building a business model on the assumption of perpetually rising housing prices is that, when those values stop rising and actually begin falling, it becomes increasingly difficult to stay in operations at the previous...
Posted on August 6, 2009Major Changes In Indirect Taxes
This article presents a summary of some of the Indirect Tax proposals. While commitment of the Government to GST is welcome, there is no assurance that GST will be introduced with effect from April 1, 2010 and the expectation that there will be...
Posted on July 15, 2009Lower Your Property Tax Without Hiring a Lawyer
Ask what criteria the assessor is using for evaluating your home the way they did and why they don’t think that your evidence indicates why your home should be assessed at a lower value. Make sure you take note of what they say; this is the position...
Posted on July 5, 2009Renting Of Immovable Property Is Service
The Delhi High Court’s decision in Home Solution Retail India Ltd. v. Union of India [2009] 20 STT 129 that renting of immovable property is not a service has created excitement among taxpayers, analysts and economists. According to the author, both...
Posted on June 27, 2009Importance Of Notes On Accounts In The Context Of Computation Of Income For Mat
The author in this article has given an in-depth analysis regarding the provisions concerning Minimum Alternate Tax (MAT) (presently covered by section 115JB of the Income-tax Act, 1961) and the relevance of ‘notes’ on accounts given by the companies...
Posted on June 27, 2009The Indian LLP Law : Some Concerns For Lawyers And Chartered Accountants
A limited liability partnership—which is a form of business organisation in which the liability of the ‘partners’ is limited to the extent of their interest in the partnership, owing to its company-type separate legal personality and yet having the...
Posted on June 27, 2009Extra-Territorial Reach Of The Income-Tax Act, 1961
Recent judgments of the Mumbai High Court in the case of Vodafone International Holdings B.V. v. Union of India [2008] 175 Taxman 399 and of the Supreme Court in CIT v. Eli Lilly & Co (India) (P.) Ltd. [2009] 178 Taxman 505 (SC), have created a...
Posted on June 27, 2009Judicial Propriety In Income-Tax
Judicial discipline demands that a Bench of the High Court must follow the decision of an earlier Bench of equal jurisdiction of the same High Court. However, there are some cases where decisions in higher authority have been overruled by the lower...
Posted on June 5, 2009Where to Get Help for Your Taxes?
Almost nobody likes doing taxes. The process can be very stressful. Therefore, sometimes it just makes sense to get some help with them. When it comes to tax return, you can get help from various resources, such as tax preparation professionals, tax...
Posted on February 9, 2009Do and Pay Your Income Taxes online
Do Taxes Pay Taxes is an easy to use Tax Services to Pay and Efile your Taxes online. Prepare and free e-file your taxes online and get biggest refund you deserve. And one of the fastest ways to get your income tax return filed. And fastest way to...
Posted on February 9, 2009Lower Your Broward County Property Taxes
Purchasing a home is one of the biggest investments in time as well as money a person has to make during his life. One of the many annual costs a home owner has to pay is the property tax. These collected taxes go to schools, to the government as...
Posted on February 9, 2009Reducing Property Taxes In Dade & Broward Counties
The real estate market may have been softened but lots of homeowners are discovering where their real estate values remain at very high levels: on local property tax rolls. Due to the reason many local governments ( this is the case of Dade County...
Posted on February 7, 2009File Tax Free with maximum advantage through online tax filing.
The File Tax Free is a fast and easy way to file taxes for US individuals and allow for all US taxpayers. It is also a secure way to file taxes and make a maximum return to file tax online for related accounting year. File Tax Free is an online...
Posted on December 28, 2008Tax Credit for First Time Home Buyers
Have questions about the tax credit for first time home buyers? Find out who qualifies, how it works, and whether you should get it.
Posted on April 1, 2006Get Rid Of Mortgage Insurance
Mortgage insurance can really be costly. Every month when you see the description of your mortgage installment it may surprise you that a big proportion of the payment is actually taxes, fees and insurance. It is possible, however, to eliminate the...
Posted on November 28, 2008Senior Citizens & Taxes
Senior citizens have several tax exemptions, including property tax exemptions and income tax benefits. A great portion of the senior citizen population lives on social security checks. Maybe they also have some dividends coming in from their...
Posted on November 27, 2008Reduced or Cancelled Debt is Considered Taxable Income
For anyone who's ever been in a serious debt, getting the credit card company or any other creditors to reduce or even cancel your debt is like the best thing that could ever happen to you and your family.
Posted on November 27, 2008What Is A Housing Co-op, Anyway?
Housing Cooperatives are a legal entity that owns real estate, with tenants being shareholders, paying their share of the associated fees. Individual shareholders do not own the real estate they live in, but are essentially shareholders of a...
Posted on November 27, 2008Consequences of not Filing Your Taxes As Soon as Possible
Many people have heard of the horror stories of those who have experienced an IRS problem.
Posted on November 16, 2008What Tax Records Can You Stop storing?
It is a general rule that it is best to store your tax records in case you ever get audited than to simply throw them out and not have them when you require them.
Posted on November 16, 2008How To Increase Your Income, Lower Your Taxes and Help Your Favorite Charity
Given the fact that most seniors are interested in a secure income, reducing risk and lowering taxes, here is a planning technique to consider if you are trying to increase your income. Maybe you have an investment that is coming up for renewal...
Posted on October 16, 2008IRS Errors
There is a horror tale that each tax professional can tell about the IRS making errors in the thousands of dollars.
Posted on October 14, 2008Relocate To Florida Or Alaska To Steer Clear of Additional Taxes In Retirement
When retired, you can do anything you want to do. However, cutting corners where possible is a necessity because you will be existing on a fixed income.
Posted on October 12, 2008Employ The Best Tax Lawyer
It's quite a sensitive situation, dealing with tax problems and IRS issues. Getting an experienced, knowledgeable, and honest IRS tax lawyer is in your best interest.
Posted on October 4, 2008Three of the Most Common Deductions that People Often Miss
It's depressing to know that every year, people don't take all the deductions that they can legally avail of simply because they do not know that these exist.
Posted on October 1, 2008How to Make Charitable Contributions so as not to Invite an Audit Flag
People give contributions to charitable institutions simply because of the good feeling that naturally comes with the act of helping someone.
Posted on October 1, 2008The Various Methods that the IRS Receives Tax Returns
It is natural for people to file their taxes in the same way that they've done so in the previous years.
Posted on September 29, 2008What Tax Deductions can You Avail of for your Online Business?
You will need to file your taxes even if the transactions of your business are mostly offline, partly online or completely online.
Posted on April 1, 2006Protect Your Business With Appropriate Insurance
Running a business is risky enough without additional hazards that can endanger the business' assets or can cause liability. Thus, it is important to get proper coverage for those risks. Business insurance can provide you with the peace of mind you...
Posted on September 28, 2008Tax Deductions that Alert an Auditor
Taxpayers instinctively want to claim for every possible tax deduction that they can qualify for.
Posted on September 20, 2008Abandonment Study Yields Tax Reduction
An abandonment study can legitimately generate a windfall of depreciation for the owner of investment or owner-occupied real estate. By increasing depreciation, substantial tax reduction can be effected. An abandonment study is appropriate when it is...
Posted on September 19, 2008How Retirees can Save on their Taxes
A number of people have been searching the internet and other resources for the latest tips in stocks and in earning money at a faster rate.
