The Tax Preparation Blog

Posts Tagged ‘invoice’

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Question: How do you live a carefree life on handouts in the UK?

Right, I have worked all my adult life and to be honest have had enough, I see so many people about with so much leasure time, nice cars, houses full of nice posessions, kids fed and dressed well, holidays twice a year, problem is, they are on social security hand-outs or on disabilty for having slight asthma, or if they ever get off their settee shaped a.rse’s, a bit of back-ache, there’s probably a few of you Income Tax theives out there now reading this Question on your broadband paid for by my taxes….

All I want to know is, how do you do it, I need advice, I want to be like you, why work hard when it can all be provided for you, I know a few of you will be feeling a bit guilty and find it hard to sleep at night worrying over yet another fraudulant claim, but I only want a brief explanation on how to change my mind-set into that of a scrounger and how to beat the system?

Answer: Very easily in this country

FACTBOX – New UK government sets out its plans

LONDON (Reuters) – Britain’s new coalition government set out its goals and plans for legislation over the next 18 months on Tuesday.

United Kingdom General Tax Amnesty part 1

Question: Can I check if I have paid tax ?

I am a freelance professional and inorder to pay taxes I hired a local advocate to pay my taxes he said he has filed the taxes and would get me anytime. But he has been delaying for the past six months. Unfortunately I was stupid enough not to take a written statement/receipt that I had paid him that much amount of money to pay my tax.

Now, I wanted to check if my taxes have been filed yet or not. How can I check this ? Is there anyone I can contact in this regard ?

Answer: You have to register with NSDL. It is a simple procedure. Once if you complete it, you can verify your tax credit to your PAN number.

http://www.tin-nsdl.com/panregistration.asp

Please go through it and do the needful. Once you register, you will receive a password.

I am viewing my tax creidts since one year through this site.

Crowflight Announces First Quarter 2010 Financial Results

CROWFLIGHT MINERALS INC. (“Crowflight” or the “Company”) (TSX: CML) today announces its financial results for the first quarter of 2010. read more

2010 Estate Tax – why some call 2010 the year to die

Creating passive income is a great way to increase your resources without overextending yourself. It is also a very good way to increase your wealth and obtain financial freedom. Passive income streams is not only a better alternative to working, but you even get favorable tax treatment. If you’re looking for ways to generate passive income, make sure you read all of this article. One thing is you must be patient and pace yourself for the long term.

Passive income allows you the freedom to do what you want to do without having to spend alot of time at a regular job. To be able to do more of the things that you love to do. It eliminates the need to  have to work for wages by the hour. Creating passive income won’t make you rich tomorrow, but it will help your bottom line. And because it takes very little effort on your part, I don’t see why you won’t give it a try.

This type of income is not an overnight process. If you realize this and are in it for the long haul, you’re in great shape. Creating passive income is part of a bigger plan because you don’t have to depend entirely on one source of income. There are ways of doing it in the real world, such as buying businesses or real estate, but those usually require you to invest a substantial amount of money.

Blogging is an excellent, risk free and, without financial investment way of making passive income online. You can earn by just blogging or writing on something that interests you (or that you think that will interest a lot of people). So why not give it a try and remember, if you’re serious do your homework and get as much information on passive income as you can.

Guyana’s Honorary Consul Norman Faria.

Published on: 12/28/2009. GUYANA IS HAVING a close look at a Barbados recommendation to place limits on the granting of citizenship to children.

Hijacking Humanity Final Cut – Part 13

Shaw Announces First Quarter Results

CALGARY, ALBERTA–(Marketwire – 01/14/10) – Shaw Communications Inc. (TSX: SJR.B – News ) (NYSE: SJR – News ) announced results for the first quarter ended November 30, 2009. Consolidated service revenue for the three month period of $906 million was up 11% over the same period last year. Service operating income before amortization(1) of $475 million improved 29% over the comparable period …

Canadian Budget 2009 (Federal) – Commentary

There are four elements that mortgage lenders take into account before they grant your Canada Mortgage application. Your income is a vital consideration. The lenders also look into your credit history. They also review the property to be mortgaged. The Down payment is another factor.

The first information lenders want to know is your income. Are your earnings high? Or are they enough for sustenance? Lenders are not strict when it comes to the nature of your livelihood. What they are strict of are the requirements like certificate of employment, two months latest pay slips and Notice of Assessment Forms from Canada Revenue Agency.

The Notice of Assessment validates your regular earning and timely payment of taxes. If you are working for a company, the mortgage lender will make the necessary employment verification at your office.

Lenders will also look into your capacity to make your monthly payments in case you are granted with mortgage loan. The factors that lending institutions take into account are how many people in your family, how long you have had work, monthly bills and other payments you need to make.

To determine the amount of mortgage that they can grant you, the lending institutions rely on a formula. Your Gross Debt Service Ratio, or GDS and Total Debt Service Ratio, or TDS are critical elements to qualify for Canada Mortgage.

The GDS is the maximum percentage of your gross income that is apportioned to your monthly expenses. This includes payment for the principal and interest of mortgage, property taxes, heating and air-conditioning, and other dues. To qualify, it is important that your monthly expenditures do not go beyond 32% of your total monthly income.

The maximum amount of your gross income allocated for GDS constitutes your TDS. It sets aside money for payment of utility bills including credit cards, all types of loans and other disbursements. To ensure approval for Canada Mortgage, your TDS should be within 40% of your total income.

Credit History is an equally important element that lenders always review. If in case your credit history is tainted, there are available programs that can help you re-build it. To determine the credit score, there are free services or software that a website offers to calculate it. Whenever loans are the issue, credit history is always a determining factor.

The selection of real estate property subject for mortgage is another crucial element. To qualify, choose the house and lot that use quality materials. The appearance and physical attributes of the property matter to the mortgage lenders. Mostly, they initiate a property inspection.

The real estate property is the lender’s security in case of non-payment. Lenders are very cautious that the real estate property should still be in perfect condition for re-sale, in case of default. Hence, a property appraisal by the lender is a requirement before a Canada Mortgage is granted.

Generally, the down payments are not a constant requirement since there are mortgage program that can cover 100% financing. However, if you have 20% or more of the purchasing price, the Canada Mortgage lender will not require default insurance.

Experts Breakdown Methane Gas

What is methane gas, how is it generated in a coal mine and what’s the effect on the human body? We spoke with a local geologist and a doctor who broke it all down.

Strongest monkey in the world [Vs] two Tigers