The Tax Preparation Blog

Posts Tagged ‘finance’

Question: How to save £150,000 in 5 years time?

Hi, I just started my job as a graduate. My net income after tax & NI is approximately £25,000 now and gross salary increases average 10% every year. I can also work as a freelance translator and expected average income is £5000 per year. I live in London and I save about £1,000a month. I have a few plans and I need at least £150,000 in 5 years time to make it. How can I make that much without taking a risk of stock trading etc? Also what’s the best way to increase my income level? currently i work as a financial analyst for an energy company and studying accounting qualification but I don’t want to be in finance too long. what would be the best way to save that much or more and to be rich in general? one day I want to have my own business, but I don’t have a clear idea at the moment.

Answer: In today’s market, and with the UK’s tax structure, I would consider this an admirable but unattainable goal.

Fortunes are built like walking the road from London to Scotland…. one step at a time.

Your patience, and your age will be your best allies in the long run…

Lighthouse Group PLC – Preliminary Results

Lighthouse Group PLC – Preliminary Results

AAT – Your big future

Question: housing and council tax benefit question?

Hi, me and my partner have begun claiming a small amount of housing and council tax benefit, i used to work but gave it up to home school our children and my partner works 16-20 hours a week in a social club doing bar work, what i would like to know is we have just got our award letter through from the council and it states we have to pay more than what these online benefit calculators have stated, and only because they have put down that i claim jobseekers allowance so thats an extra 65 pounds they have applied to the award. i do not and have never claimed jsa and i have told them this and they have said to me that its the law that they include jsa on the final award even tho i do not claim that extra income, does anyone know if this is right or are they trying it on. i used to work 45 hours a week up until bout 4 months ago when the kids were taken out of school, thanks in advance simon

Answer: I hope this will make sense!
Basically the council are saying that you are entitled to claim JSA and it is your fault that you are not.
As YOU are now the main carer for your children, it is your partner who will have to make a family claim to JSA. They will have to sign on at the Jobcentre Plus office every two weeks and declare the hours that they have worked. As long as they don’t go over 24 hours of work in any week, you will still have a valid claim to JSA. You may not get any benefit if their earnings are over the amount of JSA that you would get if they were not working but this info will be sent to the council and they will increase your housing and council tax benefit.

CAB are not always right with the info they give out as they have very little benefit knowledge or training

Giving yourself a raise!

How would you like to give yourself a raise, without talking to your boss! Many of you can!

Basic Explanation of W-4 tax Form : IRS Withholding Calculator & W-4 Tax Forms

Question: California Liberals have enacted the largest tax increase in history, but revenues are down $237 million?

California Revenue for August is DOWN $237 million, despite a massive tax increase.

In March 09, Liberals raised taxes a record $12Billion dollars on struggling Californians, the net result appears to be massive business defections to nearby low tax states, massive unemployment, layoffs, and plunging revenue.

California continues its downward spiral at a faster pace than pre-tax increase.

Can some SMART LIBERAL explain how raising taxes INCREASES revenue?

http://www.sco.ca.gov/eo_pressrel_6115.html

Governor Shriver (aka Arnold ) is a left wing RINO
MODE-RATE I guess you’re not smart enough to answer the question about taxes and revenue ?

LOL
Funny how no liberals can defend tax increases, guess Reagan was right – cut taxes !

Answer: California is the template of what’s in store for America as a whole.

Field Poll: Voters favor balanced approach to budget

Californians are more likely to favor extending tax increases than cutting most parts of the state budget, a recent California Field Poll found. The poll — which surveyed a random sample of 898 registered voters between Feb.

Many Banks Burning; Tax Revenue Still Crashing; Pay up or lose Health Care

North state marketplace in brief: March 23, 2011

Starting with the first quarter of 2011, employers must begin filing their payroll taxes quarterly, according to the state Employment Development Department.

Access your account

Question: Can you use TurboTax online to file previous years taxes?

i need to file older years taxes and I was wondering if I could file them on the free version of turbotax that you can use online to e-file them?

Answer: Only if you have previous year’s editions of Turbo Tax and then only on paper.

Online Tax Preparation Software with some free filing options

If you’re prepping to do your taxes, now’s the time to also do your ‘prepwork’ of tax preparation. For those of us who don’t like or just-can’t go it alone, there are free and for-free services available:

TurboTax Online Home and Business ——— free download —–