Any time you give someone money or property you may be subject to paying a gift tax. The federal government has established guidelines for gift tax exemptions and gift tax rates for all property transferred. These rates and exemptions can change on a yearly basis and it is important to …
Read More »Offshore Incorporation and Tax Reduction
Most people surf the Internet everyday and are swamped with adverts and articles describing the benefits of offshore company formation in various financial and legal aspects. For business owners contending with increasing tax rates on an annual basis the idea of offshore incorporation might just be what you need. While …
Read More »Top Self Employed Tax Questions
What is Business Turnover? Sales turnover is the total amount of income a business earns before deducting business expenses. Turnover includes receipts of any kind for goods sold or work done such as commission, tips, payments in kind, fees and insurance proceeds. Include sales turnover in your financial accounts at …
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