The Tax Preparation Blog

Posts Tagged ‘uk’

Question: What Are The Laws Regarding Offshore Banking / Merchant Accounts / Tax?

I am currently starting up an internet business. I know that there are a lot of risks when working online, especially in the area of fraud and people using stolen CC details etc.

Due to these risks I am going to signup for a High Risk Merchant Account.

This will be more leniant in the way of chargebacks and my funds wont simply get frozen if I get a few chargebacks unlike banks within the UK where there are close to none High Risk Merchant Accounts.

Is it legal to have an offshore merchant account within tax laws and simply the case of having the account?

Answer: I don’t know this type of account but it is certainly lawful to have any type of account you want, wherever you want it. Any profits in that bank account need to be included in your business accounts for tax purposes, of course.

Speedway $4.85 SPEEDWAY – DVD Movie…

Strange Bedfellows $7.52 Studio: Gaiam Americas Release Date: 12/15/2009…

Sage Peachtree Complete Accounting 2011 [OLD VERSION] $21.99 Sage Peachtree Complete Accounting 2011 helps you work more easily and efficiently with robust core accounting and added features like job costing, time and billing, in-depth inventory capabilities, and analysis tools. Its multi-user option* helps improve productivity while providing screen-level security and a clear audit trail. Save time with simplified dashboards, management centers, integratio…

Harper gov’t answers to accusations against Oda

The Conservative government addressed allegations Friday that a cabinet minister altered a document and then misled Parliament about a decision not to fund a foreign aid agency.

Avoid Online Dating Scam!

Question: HM Inland Revenue Internet Problem?

I try to do the first step on the online Tax Return and every time it says : please amend the post code.
I used to live in the UK but now I live in France and my address which I used for another Tax Revenue a year ago is not working. even when I tried my old post-code from England it still displayed the same message. I deleted the History and the Cookies and it is still doing it. The help-line is busy and they are constantly cutting me off plus calling them is costing me a fortune. What should I do?

Answer: Change country in the address – that’s the first step – then it stops demanding a post code.

Robin Hood: Season One $20.46 Every generation gets the Robin Hood it deserves. After a dashing adventure (The Adventures of Robin Hood), a ponderous retelling (Robin Hood: Prince of Thieves), spoofs (Mel Brooks’ When Things Were Rotten and Robin Hood: Men in Tights), and even a cartoon (Disney’s Robin Hood), this thoroughly modern 2006 BBC series brings cheeky wit, exuberant action, and fierce fencing and special effects-enha…

Quicken Rental Property Manager 2011 – [Old Version] $72.99 It shows how your rental properties are doing and where you’re spending at a glance. The Intuit Quicken Rental Property Manager 2011 Software identifies tax-deductible rental property expenses so you can maximize your tax deductions. It shows which rents have been paid so you know who owes you money and stores lease terms, rental rates and security deposits for each tenant….

Avery Shipping Labels for Laser Printers, 8.5 x 11 Inch, White, Box of 100 (5165) $23.13 Avery Dennison Dennison Mailing Label 5165 Printing Media…

Apple Iphone 4G 32gb

Category: Gadgets & Tech User : mysimplifieds Date : Thursday, 17/02/11 – 14:39PM Description : The phone ( Apple iPhone 4G HD 32GB) are Authentic Apple product is unlocked , brand new , sealed in the Apple Original box , comes with complete accessories , comes with 2 Years international warranty from the manufacture APPLE COMPANY will work with any network provider or sim card and also with any …

UK – Irish – Spanish – French Property Tax Returns

Question: “Handouts” to the poor – The big republican accusation to Democrats – will it fly?

With 7.1 million people officially unemployed in America (this is only a small subset of the number who are ACTUALLY unemployed).

http://www.bls.gov/news.release/empsit.nr0.htm

With the war in Iraq expected to cost over 1.1 Trillion dollars by Nobel Prize winning economist, Joseph Stiglitz.

http://www.guardian.co.uk/Iraq/Story/0,2763,1681119,00.html

With the number of people who are HIV+ in America being double what it was in 1986…

http://www.avert.org/america.htm

With 2,160 out of every 9,000 high school seniors not finishing to graduate this year…

http://www.bls.gov/news.release/nlsyth.nr0.htm

How could promising NOT to raise taxes be concievable for Republicans to claim?
How do Republicans plan to deal with DOMESTIC issues?

If you take the idle threat of terrorism out of the equation – what else are republicans bringing to the table?

Spouting rhetoric about “socialism” will not likely get you “best answer”.

Answer: As near as I can tell, the same Republican pols who have done nothing but rubber stamp Bush’s every whim, have no plans at all,either they think everything is just ducky, or all they have to do is wave a flag and make fools of themselves calling every tentative solution to our problems “socialist’ or ‘communist’.
If our country isn’t running well whose fault is it?
Bush put in place a bunch of incompetent cronies, that’s a start, hes fed us a bunch of baloney on almost every front, that’s two. Now we are told we aren’t smart enough to do what everyother industrialized country on earth can do…take care of our sick and elderly.
Since the average working man has had no help from the Republicans, the only thing we can do is go Democrat.

Hardman’s Tax Rates & Tables 2006-07 …

Whillan’s Tax Tables …

Hardman’s Tax Rates and Tables 2009-2010 2009-2010 $50.00 …

Colliers Intl UK PLC – Trading Update

Colliers Intl UK PLC – Trading Update

Jackson Kayak Dynamic Duo

Question: I contracted as a limited company in the UK, now I have to file a personal tax return – help!!?

I contracted for 5 months (March 07 – July 07) and set myself up as a limited company to pay less tax. I used an accounting firm to sort this out for me. Now I have to file a tax return for the tax year 06/07 and I’m completely clueless as to how to do it. Do I include the limited company earnings? I assume it’s relatively straightforward for the months up to March when I started contracting, as I was in ‘normal’ employment up to then and have a P60 for the job I finished in February 06.

How do I disclose the income I earned from March 1 (date I started contracting) – April 5 (end of tax year)?

Answer: Hi,
The tax year in the uk runs from the 6th April to the 5th April the year after.

Therefore, for your 06-07 return, you will only be required to declare your earnings from when you started in March up until the 5th of April 2007.

Any income you earnt after that date would be declared in your tax return for 07-08 in a years time – and as you rightly said, your PAYE earnings will not be affected, the inland revenue will already have it on record that you were employed up until March.

If you use an accounting firm, they should be doing all the necessaries for you – all you will need to do is submit your receipts for any work-related expenses you have incurred.

Hope that helped – don’t forget that tax returns have to be filed by the end of January to avoid being fined!

Updated: Myanmar’s junta leaders “stupid” and “dumb”

In a latest diplomatic cables leaked by whistle-blowing site WikiLeaks, Singapore’s Minister Mentor Lee Kuan Yew was cited as calling Myanmar’s junta leaders “stupid and dense” and Taiwan’s former President Chen Shui Bian a “gambler” who was ready to “go for broke” on independence. The classified document relates to a confidential briefing on a 2007 conversation between Minister Mentor Lee Kuan …

Can I Claim A UK Tax Refund?

Question: UK Emergency Budget announced…?

I am sure you have all heard about the emergency budget announced by George Osbourne, some of the things that he has introduced are:
VAT to rise 2.5% to 20% from January 2011
Deficit reduced 77% by spending cuts, 23% by tax rises
Departments face cuts of 25% over the next five years
Two-year pay freeze for public sector workers earning over £21,000
Child benefit frozen for three years and tax credits cut
Disability benefit claimants face new medical checks
Corporation tax cut from 28% to 24% over four years
Capital Gains Tax hiked to 28% for top-rate taxpayers
Bank levy from 2011, raising £2bn a year
Income tax threshold raised £1,000 to £7,495
Pension link to earnings restored or 2.5% rise from next April
Civil list frozen at £7.9m

Are you happy about the Budget and how is it going to affect you?

Answer: Tough but necessary, I’m glad they’ve restored the earnings link to pensions so pensioners can have some dignity, many of them don’t claim what they are entitled to because of all the ridiculous and intrusive form filling and we’ll all be old one day, Vat rise will mean a bit more restraint when spending, but it is a relief that we have a government that is trying to get a grip instead of fiddling while Rome burns like the last lot.

Top tips for Christmas giving

Two thirds of UK charities are now worried about their future income due to public-sector spending cuts and the increasing number of people that need their help, according to the Charities Aid Foundation …

Pre Budget Report | Part Two