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Tag: tax

New 8% service tax from March 1 – car maintenance, motor insurance and home EV charging costs go up

March 1, 2024 No Comments Auto , , , , , ,

As announced during the tabling of Budget 2024 last October, the government has increased the rate of the service tax (SST) from 6% to 8%, effective from today, March 1, 2024. There are a few categories that are excluded from the new rate, including F&B, telecommunications, water and vehicle parking, but in general, consumers are [...]read moreNew 8% service tax from March 1 – car maintenance, motor insurance and home EV charging costs go up

How to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!)

March 1, 2024 No Comments Real estate ,

With solid tax planning, receiving an inheritance could provide an enormous boost on your journey to financial freedom. One misstep, on the other hand, and you could be lining Uncle Sam’s pockets. Fortunately, we’ve brought on a tax professional to help you keep as much of your newfound money as possible. There are two certainties [...]read moreHow to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!)

Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies

February 29, 2024 No Comments Real estate , , , , ,

Want to pay less money to the IRS in 2024? We’ve got the real estate tax strategies to help you do just that. And get this—you don’t need a large real estate portfolio to benefit from these money-saving tax tips! Welcome back to the Real Estate Rookie podcast! Today, real estate tax strategist Natalie Kolodij [...]read morePay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies

Tax Evasion: I-T officials detect tax evasion by cafe – Times News Network | Ludhiana News

February 28, 2024 No Comments News , , , ,

Times News Network Ludhiana: Income Tax officials have detected tax evasion by a clocated in Gokul enclave. The dealer of the cafe had allegedly not been filing tax for the past six months. Officials said that they received a complaint under the state government’s initiative, “Bill liao inaam pao” scheme. Taking immediate action on the [...]read moreTax Evasion: I-T officials detect tax evasion by cafe – Times News Network | Ludhiana News

As hopes of end to UK ‘tourist tax’ possibly dashed, are problems insurmountable?

February 26, 2024 No Comments Business , ,

Retailer optimism about the return of tax-free shopping for tourists to the UK has been rising but may be misplaced. A newspaper report has said that the so-called tourist tax is unlikely to be reversed in the spring budget. Photo: Pexels/Public domain Nigel Huddleston, the relevant government minister, was reported by The Times saying in [...]read moreAs hopes of end to UK ‘tourist tax’ possibly dashed, are problems insurmountable?

FTC cracks down on H&R Block for deleting tax data when users want to downgrade

February 24, 2024 No Comments Technology , , ,

The Federal Trade Commission is taking action against tax prep company H&R Block for allegedly wasting consumers’ time and money. The company deceptively marketed its services and made them difficult to downgrade, the FTC claims in an administrative complaint issued Friday. “H&R Block designed its online products to present an obstacle course of tedious challenges [...]read moreFTC cracks down on H&R Block for deleting tax data when users want to downgrade

Meta says it will pass on the Apple tax to advertisers paying to boost posts on Facebook and Instagram

February 16, 2024 No Comments Technology , , , , , ,

Meta is looking to leverage advertiser outrage in its battle with Apple over in-app purchase fees by announcing that it will soon pass on Apple’s 30% service charge to its customers. In an announcement, the social networking giant explains that starting later this month, advertisers who want to pay to boost a post in the [...]read moreMeta says it will pass on the Apple tax to advertisers paying to boost posts on Facebook and Instagram

Review suggests ‘tourist tax’ end might be a step closer

February 5, 2024 No Comments Beauty , , , ,

Is the so-called UK tourist tax nearing its end game? Strong and persistent pressure by the UK retail industry to reverse the government’s stubborn support of ‘tax’ could well be paying off. Chancellor Jeremy Hunt is understood to have asked the Office for Budget Responsibility (OBR) to look at whether VAT-free shopping for tourists should [...]read moreReview suggests ‘tourist tax’ end might be a step closer

Tourist tax drains £11bn+ from UK economy says new report

January 29, 2024 No Comments Business , ,

The so-called tourist tax is “deterring two million foreign visitors from coming to the UK and costing the economy £11.1 billion in lost GDP,” according to new economic analysis. Photo: Pexels/Public domain The ‘tax’, which is basically the removal of VAT-free shopping for international visitors to Britain post-Brexit, is claimed by the British government to [...]read moreTourist tax drains £11bn+ from UK economy says new report

Hunter Biden pleads not guilty to federal tax charges

January 11, 2024 No Comments Trending Stories ,

The US president’s son is accused of, among other things, tax evasion and filing false tax returns. Source link