The estate of a deceased person is subject to estate tax levied by the government. This tax is levied on his taxable estate, the value of which is arrived at by reducing his gross estate by something known as allowable deductions, where the gross estate is the total value of all the assets owned by […]
On May 31, 2007, the IRS issued this statement, “The Internal Revenue Service today alerted taxpayers to the latest versions of an e-mail scam intended to fool people into believing they are under investigation by the agency’s Criminal Investigation division.” With today’s vast use of the world wide web, these kinds of scams are becoming […]
The second quarter estimated tax payment is due in less than two weeks (June 15). Do you know if you need to make estimated tax payments?
The federal income tax system is a pay-as-you-go tax system. That means you pay taxes as you earn income throughout the year. If you are an employee […]
Tax haven Andorra’s government has introduced Capital Gains Tax in a move that has surprised many in the tax industry.
Andorra is a well known European tax haven, and residents benefit from a zero rated income tax and inheritance tax.
The reason for the introduction of the capital gains tax according to the Andorra authorities is to […]
As indirect taxes rise across Europe, more high earners and those selling their businesses are considering moving to a tax free environment.
And if they want to stay in Europe, there are only two true and stable tax havens left which offer an income tax free existence - Monaco and Andorra.
Of the two tax havens, Monaco […]
Increasing demand for residency in the European tax haven of Andorra has been seen, as rival tax haven Monaco has seen her property prices rise significantly.
And while property prices in Andorra have increased significantly as well, particularly in the last three years, it started from a much lower base than Monaco, and a property in […]
Private banking and no income tax are hallmarks of Monaco, the world’s best known tax haven, but in a move that has surprised many Monaco has collated and published her first ever GDP figures.
But far from moving away from her tax haven status that attracts millionaires and billionaires to live in the principality, a travel […]
The demand for residency in the European tax haven of Andorra has increased significantly in recent years, as rival tax haven Monaco has seen her property prices rise significantly.
And while property prices in Andorra have increased significantly as well, particularly in the last three years, it started from a much lower base than Monaco, and […]
You are a smart businessman but you shouldn’t be embarrassed to acknowledge that you need help when it comes to sorting your finances. If you run your own business, a tax professional would be a very big help. It is of utmost importance that you choose your tax professional wisely instead of ending up hiring […]
That time of year again has arrived. Thoughts of completing your tax return as well as paying for it may be hanging in your mind. If you had planned in advance or will be getting a refund instead, you shouldn’t be faced with the dilemma of preparing and completing your tax return at the last […]
