Category Archives: Taxes

How to Avoid Tax on Life Insurance

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Many people do not realise that they could face a tax bill when they receive a pay out from life insurance. In fact there is a selection of taxes that come with insurance proceeds and it is worth being aware of what they are and therefore how to avoid them. Income Tax Income tax only becomes an issue when the… Read more »

401(k) Isn’t Just a Number

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Many of us, as a result of where we work, are fortunate enough to have a 401(k) plan. For those of you who aren’t sure if you have one or don’t know what one is, a 401(k) is a retirement plan which allows you to save for your own retirement. The purpose of this article definitely isn’t to give you… Read more »

How to Cope With a Big Tax Bill

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Some people can be quite unprepared for their tax bill when it arrives. If you relay on a book keeper to keep your accounts of you do not look at them until the end of the tax year, you may suddenly find that you get a big shock with regards to how much you owe. If you have not been… Read more »

Tax deduction tips which might save you money

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Tax time is quickly approaching, and if you’re like most people, you are starting to think about how you can save money. The easiest way to keep more cash in your pocket is to find out which tax deductions you qualify for. Nearly every tax payer qualifies for some type of deduction, and depending on your age and job, you… Read more »

Income Tax Tips For The Self-employed

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If you are self-employed, then you no doubt are always on the lookout for ways to reduce your income tax. It certainly it is a fine line that you have to walk, because if you start looking for loopholes and ways to bend the rules then you could find yourself in trouble with the government. Instead, it’s a much better… Read more »

Changes to AIA Threaten to Complicate Tax Calculations for SMEs

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Sorting out our taxes can be a long and arduous task. From complicated calculations to needing to hire external expert help, it is a task that small businesses and firms find particularly stressful. It seems that further complications and stress will cost small businesses bundles of money, with the changes to capital allowances threatening to cause confusion, higher professional costs… Read more »