Information on Tax Exemptions Policies for Nonprofit Organizations

For foreign nationals, the United States Department of State provides a Diplomatic Tax Exemption Card, which is good for an exemption from sales taxes or similar imposed taxes on purchases within the United States. This card is also useful for hotel stays and restaurant meals. The diplomatic tax exemption card can be obtained from the […]

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Tax Arbitrage and Legal Profit Shifting Strategies

The question is: what is the difference between tax arbitrage and legal profit shifting strategies? The difference is as fundamental as the question itself. Both involve international taxation, but their methods are different. Tax arbitrage strategies are the use of different structures to avoid taxes in one jurisdiction and to generate profits in another. The […]

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Do I Have to Pay Tax on Share Trading?

Do I Have to Pay Tax on Share Trading?

  • Jun 28, 2022

There are several methods of determining whether you need to pay tax on your share trading activity. Some taxpayers treat their gains on share trading activities as business income while others view such transactions as capital gains. There is a bit of controversy regarding the taxation of share trading. However, if you are trading in […]

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How to Pay Your Car Tax Online

How to Pay Your Car Tax Online

  • Apr 25, 2022

The first step in paying your car tax online is to apply for a new log book if you haven’t done so yet. Using a credit or debit card or Direct Debit, you can pay for your car tax every month or year, depending on your circumstances. You can pay in full online or set […]

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What Is a Tax?

What Is a Tax?

  • Dec 07, 2021

A tax is a form of a charge levied by a government on a person, business, income, or sale. The amount of the tax is usually proportional to the value of the money involved. This demand on resources causes the prices of goods and services to increase. While there are different methods of collecting taxes, […]

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Understanding Tax Basics

Understanding Tax Basics

  • Sep 14, 2021

What is tax? Tax is a mandatory annual financial burden or any kind of levy imposed upon a taxpayer by the federal government in order to finance various public expenses and government spending. A person who is charged with tax evasion or any other crime involving tax, is termed as a tax evader. Evasion of […]

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Calculating Your Income Tax Quickly

Calculating Your Income Tax Quickly

  • Jun 21, 2021

A tax is an unlawful financial burden or any kind of levy imposed upon a taxpayer by a government agency in order to finance various public expenditure and government spending. Failure to comply, and/or evasion of or refusal to pay taxes, are punishable by criminal law. The word “tax” comes from the Greek word thus […]

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Business Tax Help – Understanding the Basics of Tax

A tax is any mandatory annual financial payment or any sort of tax levied on an individual by a governmental agency in order to fund various public expenditures and government spending. Failure to pay, or evasion of or obstruction of tax, is legally punishable by law. In the United States, tax laws are generally based […]

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Tax Tips: How To Save Money And File Your Taxes

Before tax season rolls around each year, most small business owners and first-time tax filers are probably figuring out what tax savings they can achieve this year. The tax savings achieved will vary from person to person based on a variety of factors such as the local property and casualty valuation, current tax laws, and […]

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Taxation

Taxation

  • Dec 18, 2020

Taxation is one of the most important decisions that a person must make in his or her lifetime. It is important to understand your tax position from the point of view of the Internal Revenue Service (IRS). If you are unsure of your tax situation you should contact an experienced certified public accountant. He or […]

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