If you’re thinking about donating your car or truck to a local or national charity, here are a few tips that you should know. There are a few problems you can avoid if you do a little research first. Ultimately your goal may be to gain a good car donation tax deduction. The change […]
In the past few years many charities have found they can raise money through car donation programs and provide you with a car donation tax deduction. These programs can be a goldmine and the charity can make a lot of money for its charitable activities. They stand to make a lot more money […]
Sometimes at work, your company may offer you the opportunity for an EIS investment. Along with the fact that it is a nice way to invest and make future funds for yourself, an Enterprise Investment Scheme is also recognized by the government as a positive form of investment and therefore qualifies you for tax […]
Off shore banking used to be viewed as the sole province of those with mahogany toilet seats or criminals planning to steal large amounts of cash. However, corporate offshore banking has not only become more accepted, the benefits of it have grown in current economic conditions. Here we look at what you should know before […]
When it comes to will writing, there are so many things to consider. At the top of those lists, people normally tend to think simply in terms of their assets and who they want to inherit what. This in itself can be a complicated affair for some. Families are not as straightforward as they used […]
It is often said that income tax returns are more imaginative than best selling novels. The truth, in both types of documents, is stretched, spun, colored and twisted to make things appear almost unrecognizable. However, new Thailand laws have been developed by the Revenue Department to ensure that capital losses, an area of tax returns […]
Offshore banking services can be a lifeline for companies, and are actually much more than ways to launder money, receive the proceeds of ransoms, or evade lawful taxes in your home country, as Hollywood would have you believe! Here we look at some things you may no have known about offshore banking, and how offshore […]
A survey conducted on Canadian online shopping revealed that about 75% of the internet users are already familiar with purchasing items from online stores. The people in Canada are quite active but they are often too busy to hop the stores and buy things that need regularly. This is the reason why they are taking […]
For 18 years I have been preparing income tax returns for individuals. Unfortunately even as a tax preparer I miss deductions on my client’s tax returns but for those who prepare their own returns I am certain these 10 tax deductible items are almost always overlooked.
1. Miles driven for medical related incidences are […]
As a practicing tax accountant I am often asked what can I deduct on my taxes? During the past 18 years of tax preparation I have tried to answer this question to best suit the needs of the particular client. The deductions described in this article are intended to help you with this […]
