As the clock ticks down to May 31, the first fiscal year of corporate tax will roll over into the second fiscal year. So, how should you be preparing your financials to report to the Federal Tax Authority? Will it be just the entity’s financials that you’ll be reporting? There’s a lot we don’t know, … Read more
Schemes such as the Married Couple’s Allowance and pension tax relief could help UK taxpayers save money. ADVERTISEMENT While taxes may be an inevitable, if somewhat tedious part of our lives, nobody wants to be paying more than necessary. Although the UK has relatively lower tax than several European countries, with the cost of living … Read more
business woman coffee break getty The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024 tax deadline. That’s significantly more than the 357,598 tax returns filed in 1913, the first filing year under our modern income tax system. The tax code has only become more complex since … Read more
Can you save more than you earn every month? That’s what Shriya Nagarajan must do if she wants to quit working at 50 and maintain her current lifestyle in retirement. The 25-year-old needs a corpus of Rs.10.5 crore to sustain inflation-adjusted withdrawals till the age of 85. To build this enormous nest egg, Nagarajan needs … Read more
There are 14 legal heirs to my grandfather’s residential property. Twelve of them will waive their rights to the property. Instead, those rights will be passed on the son of my late uncle and me. To facilitate this transfer, we will each make a payment to the other heirs and then sell the property. We … Read more