What Is Tax Domicile and Does It Automatically Change If You Move From Country to Country?

Thinking of moving to Spain? How will this affect your domicile? In essence, your ‘domicile’ is the country which you consider to be your permanent home. This does not necessarily equate to your country of birth, nor to the country in which you happen to be living at present. Thus if you move to Spain from the UK you will not automatically obtain a Spanish domicile as you many not intend for this to be permanent and may well retain… Read the rest

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How To Resolve IRS Problems

April is not the best time of year for many U.S. residents because it is tax filing season. Unless an individual is getting a tax refund, he or she often wants to dig a hole and climb in it to hide from the government. The situation becomes even more unpleasant if the person runs into issues with the Internal Revenue Service (IRS) regarding the tax filing. However, this person is not alone because there are several professionals who can help… Read the rest

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Fmr. Labor Secretary on Jobs, Taxes

Fmr. Labor Secretary Elaine Chao argues the administration is finally reaching out to Republicans to work on the economy and taxes.

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Junk Debt Consumers Target the Unsuitable Individuals

Junk debt buyers are more and more hounding consumers, trying to convince them that they need to pay money owed that they never incurred. Sometimes, junk debt patrons buy outdated debt that’s been written off by the original creditor; usually, they buy debt that is already been repurchased by one other buyer. They may buy $1 million worth of debt for $50,000 or less. What they receive for his or her money is often a database that comprises client names,… Read the rest

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California Hiring Tax Credits And Your California Corporation

Although times are tough all around the country, they are particularly stringent in a handful of states, one of which is California. If you own a company in California, you will be pleased to learn that there are California hiring tax credits available that can lead to several thousands of dollars being eliminated from your annual tax bill. Although many companies do not take advantage of them, the California hiring tax credits have the potential to save your company a… Read the rest

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Benefits of Using a Tax Professional

Income tax is a very serious area that is not to be taken lightly. If you earn any income then you are required by law to accurately report that income to the revenue reporting agencies of your country and region otherwise you risk getting heavily penalized by the Government. With that said and done, it is your hard earned money and there are benefits of using a tax professional:

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Dems New Strategy: Blame GOP for Tax Hikes?

Fmr. Sen. Rick Santorum, (R-PA), on potential strategies by Democrats to increase support heading into midterm elections.

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Tax Structure of Master Limited Partnerships – How it Can Benefit MLP Unit-Holders

A master limited partnership (MLP) is a unique investment that combines the tax advantage of a limited partnership with the liquidity of a publicly traded stock, allowing stockholders quickly to buy or sell their stocks. MLPs issue investment units that are traded on a security exchange exactly like shares of any other stock.

Source:Tax Structure of Master Limited Partnerships – How it Can Benefit MLP Unit-Holders

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Manufacturers Can Benefit From Tax Credits

Find out about tax credit eligibility from state and federal governments for businesses who have research and development costs on their balance sheets. Partnering with the right CPA firm who can identify these types of tax breaks and incentives can help your business in allocating funds to be in line with future company growth.

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Lawmaker Urges Bump in Gas Taxes

Sen. George Voinovich, (R-Ohio), argue gas tax increases would boost infrastructure and jobs.

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