Among the countries with the lowest corporate taxes in the world, we can mention a number of Eastern European countries as well as the countries that are perceived as tax havens because they have a 0% corporate income tax (Anguilla, Bahamas, the Cayman Islands and others). At the other end of the spectrum, we can mention the United Arab Emirates, Brazil or Japan. Below, … [Read more...] about Lowest Corporate Taxes in the World
Tax Management
4 Tax Changes in 2018 and 2019 for Small Businesses
The tax landscape is ever-evolving for business owners. As a small business owner, you're responsible for keeping pace with the changes and how they impact you. These are the key tax changes for 2018 and 2019 that you need to know. The Qualified Business Income Deduction Was Introduced As we welcomed 2018, we also welcomed the Qualified Business Income Deduction. Sole … [Read more...] about 4 Tax Changes in 2018 and 2019 for Small Businesses
The Need-To-Know Stamp Duty Basics
If you work in the moving industry, are planning to buy a new house or just plain read the newspapers, you’ll be all too familiar with stamp duty at the minute. As a removals comparison company, we over at buzzmove like to keep on top of industry news. For that reason, we’ve read more than we care to admit about the recent changes to stamp duty. However, this has given us … [Read more...] about The Need-To-Know Stamp Duty Basics
How Are Gambling Winnings Taxed? 3 Things You Need to Know
Believe it or not, gambling winnings in the United States are taxable. In an ironic twist, winners may become losers if they fail to pay Uncle Sam. Why? Because gambling income is 100% taxable according to United States tax law. According to the IRS, with topic #419 (gambling income and losses), ‘… Gambling winnings are fully taxable and you must report the income on your … [Read more...] about How Are Gambling Winnings Taxed? 3 Things You Need to Know
The Dangerous Consequences of Ignoring Your Taxes
There are many things in life you can ignore. Taxes simply aren't one of them. If you fail to file or pay owed taxes, you can expect to experience consequences, some of which might be pretty serious. Understanding the Difference Between Not Filing and Not Paying There are more than a few people each year who blow off their taxes and don't file. Either they think it won't … [Read more...] about The Dangerous Consequences of Ignoring Your Taxes