News

How to find out if you’re being taxed on your retirement income

By now, you probably know that there's a difference between retirement income and investment income.However, how do you figure out if your retirement tax has been deducted from your investment income?As a result of the recent changes in the tax system, the government has announced that all income earned from retirement (including tax-deferred retirement income) will be taxed at the

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News

How to find a tax return that is eligible for the Nova Scotia Personal Income Tax Rebate

NISD's new program, the Nova Tax Rebates, is the first time in Nova Scotia to offer tax-free income rebates to people in Nova Scotians.The program was introduced last year, and was designed to encourage Nova Scotian businesses to bring in extra income.Nova Scotia is currently one of the lowest income tax jurisdictions in Canada.However, the provincial government announced last month

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News

Taxation in Scotland: What you need to know

With the economy in shambles and the cost of living rising, Scottish Labour is looking at ways to address the problem of tax evasion and avoidance.Labour's tax reforms, announced in November, will: give Scottish businesses greater flexibility to pay tax; create an independent statutory tax authority to provide a legal framework for paying tax; introduce a new 'tax system in

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News

How to calculate your tax bill?

Tax assessment is a key part of the UK's tax system and it's a very complex process.In this article we will show you how to calculate the tax you'll owe on a bill you receive from HM Revenue and Customs (HMRC).Read more about assessment.What is the assessment process?Tax assessment refers to the tax which is due on the value of

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Local

How to get your tax return ready for tax season

The first step is to get an official copy of your taxes, because when you file them, your federal income tax bill is due.Your state tax bill, meanwhile, will take some time to arrive.So what do you do?Get your tax preparer to help.If you don't, you can't get your return prepared.There are a couple of options.First, you could take a

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Local

Tax Basics: Indirect Taxes

Indirect taxes are taxes paid directly by a business or individual that is not taxable by income, profits or losses.Indirect tax revenue varies widely depending on the type of business or person, and the number of customers, customers, suppliers, employees and suppliers in the business.Independently managed companies, companies that are controlled by a corporation, partnerships and limited partnerships can usually

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Services

When do I need a tax return?

The Irish Ministry of Finance has updated its income tax definition, saying it is now a part of the Department of Finance's Income Tax Definition (ITD).In an announcement published on Monday, the Ministry of Health and Social Protection said it would also be a part.The Department of Health & Social Protection's income tax form is the only one that does

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Government

How to keep your retirement plan affordable for everyone

The latest version of the Affordable Care Act, which was passed in 2010, provides $1.9 trillion in subsidies to lower-income Americans to help them afford coverage.But some people have taken advantage of those subsidies to buy health insurance on the health insurance exchanges, which are the federal health care exchanges.The exchanges also offer subsidized coverage to many low-income individuals and

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