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How to save on your taxes

The Taxation Council of New Zealand is warning that the government's tax policy could cost the nation tens of millions of dollars in taxes over the next decade.The council's tax expert, Peter Wilson, said the current system of tax breaks and credits was "not very good" and there were a range of issues that needed to be addressed."We are in

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How to get a retirement annuity tax deduction

Retirement savings are taxed at a different rate than regular income, meaning that if you don't have enough money to make a contribution to a 401(k), you're going to pay a higher rate of income tax.That means that, as of 2018, you could deduct the $3,000 you withdraw in your 401(ks) from the $5,000 withdrawal you're required to make.Annuities are

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How to make it more honest: ‘Tax fraud’ is a real threat to the world of journalism

The word 'tax fraud' was trending on Twitter yesterday after it was revealed that one of Australia's biggest media organisations, the ABC, was set to be hacked.In a statement to news.com.au, the company said the hack was perpetrated by an external actor who used "malicious and sophisticated methods" to steal information from the ABC's systems.The ABC said it had not

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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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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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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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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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How to pay for a house

When it comes to buying a house in Australia, you have to pay a property tax and there's no exemption for non-residential properties.In this article, we'll show you how to find the right property tax rates for your home in New South Wales, Victoria and South Australia.We'll also explore how the property tax rate works in Australia.Read more: Taxing homes

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How does annuity planning work?

Taxes and estate planning are two of the most complex tax laws in the country.Taxpayers can choose to have the tax paid directly to the estate and be paid as a lump sum or a credit against their income tax liability.Tax law allows the same tax to be withheld when you die, but some states require that income be withheld

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