The Tax Preparation Blog

smartFOCUS Group PLC – Final Results

smartFOCUS Group PLC – Final Results

Ekayana – 26Aug10 – Mr. R Muralidharan_flv_clip4.flv

Question: In australia, do I have to pay taxes when buying online (US site)?

Hi, I’m in Melbourne, VIC Australia.

I want to buy some perfume from a US online retail store because it is much cheaper than in AUS.

But when they deliver the product, do I have to pay the tax?

Looking for your answers. Thank you.

Answer: You will only get charged customs tax/duty if you import more than AUD $1000 worth.

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PM’s in for a clubbing on pokies

THOUSANDS of pubs around the nation will put up posters that say Julia Gillard wants to do something “un-Australian”.

Simple explanation of tax in Australia by a tax agent

Question: How much percentage should we pay as a Professional Tax from our salary in chennai? Pls let me know.?

How much percentage should we pay as a Professional Tax from our salary in chennai? Pls let me know. i cld not get the proper detail from the web search. pls help me to find out this.

Answer: It will depend upon your yearly income.

KIT digital Reports First Quarter 2011 Results

Q1 2011 Revenue Up 98% Overall and Up 38% Organically Year-Over-Year to $34.5M, Driving 139% Increase in EBITDA to Record $7.1M

Question: Which produce higher tax revenues for the Federal Government; Bush tax CUTS or Obama tax HIKES?

Bush Tax cuts of 2001 and 2003

http://www.usgovernmentrevenue.com/#usgs…

http://data.bls.gov/PDQ/servlet/SurveyOu…

RESULTS:
INCOME TAX REVENUE BY YEAR: ( In Billions)
2003 = 925
2004 = 998
2005 = 1,206
2006 = 1,398
2007 = 1,534

WOW.. Now isn’t that Interesting.. How could revenue go UP, when taxes go DOWN ????

ANSWER:

Unemployment rates during same period: ( Going DOWN each year)
2003 = 5.7 to 6.3 %
2004 = 5.4 to 5.7 %
2005 = 4.8 to 5.4%
2006 = 4.4 to 4.8%

Because President Bush CREATED JOBS, that INCREASED the TAX BASE

And he did it with TAX CUTS !!!!!

Answer: OH man the Libs are going to be mad at you! How dare you use facts and history!

Those who do no learn from history are destined to repeat it!

BRIEFLY: April 9

Read about what’s happening in and around Plymouth.

Rich People Don’t Pay Taxes?

Question: Is it proper to fax my parents’ 2008 tax return to colleges?

I’m going through the financial aid process and my parents finally processed their 2008 tax return. A lot of the deadlines are approaching quickly so I was just wondering if it would be all right to fax the tax return to the schools directly. Thank you!

Answer: Jenny:

Don’t submit your parents’ tax returns to colleges or universities by any form (fax or otherwise), unless they’ve specifically asked for them.

When you complete the FAFSA, you answer various questions about your parents’ income and tax payments, and you are instructed to gather that information from your parents’ most recent tax returns. You are not required to document those responses with “proof” unless your FAFSA is selected for verification. If you were selected for verification, you would know about it already, because your school would have sent you a verification form, and lots of instructions.

If you completed the FAFSA, indicating that your parents “will file”, you’ll need to go back to the FAFSA that you already completed, and update it. You do that by going to the website, and re-entering your PIN number. If you look under the Big 3 on the right hand side of the page, you will see “Make Corrections to a Processed FAFSA” – that’s where you need to be.

The schools do not use the information on your tax forms directly – they receive an Expected Family Contribution score from the Department of Education. If you make changes to responses on your FAFSA, you need to make the Department of Education aware of those changes (using the FAFSA website). They will recalculate your Expected Family Contribution score, and notify your school of any changes.

Some schools DO require that applicants submit their parents’ tax returns, but you should only send those in IF you know for a fact that your school(s) require them. Otherwise, all you’re doing is violating the privacy of your parents’ tax returns, sending them to a financial aid department that has absolutely no use for them.

As I said – if you completed the FAFSA with estimated information, and indicated that your parents “Will File”, you should return to the http://www.fafsa.ed.gov/ page and update your processed FAFSA, not send the tax returns to the individual schools.

Good luck – I hope this helped.

Higher tax rates on capital gains in 2013 mean prior year losses become more valuable

Public accountant Howard Davis said he had a lot of clients who are still carrying forward tens of thousands of dollars in capital losses on their tax returns stemming from the stock market crash in 2008.

Millions will be paid in fines for late tax returns