Taxes

Is Your EBay Activity a Business or a Hobby? - Many eBay sellers start out as a hobby, or just to clean out their closets. Many times, this hobby can lead to a profitable business. A hobby is an activity that you do simply because you love doing it, but it may also earn you some income. That income must be reported on your tax return, even if it is just a hobby.

Using Trust As An Estate Planning Tool - In many states, like California for example, a living trust, in most cases, would not require judicial intervention, better known as probate. This will saves you from increased costs that are incurred due to legalities.

Is the Company Pool Car a Genuine Pool Car? - Find out how contract hire vehicles being used as pool cars to avoid taxation.

Keeping Records Of Your Work From Home Business - When you are working from home, there are several things that you should always be doing. One of these things is to make sure you are keeping the right records for your business.

Understanding The Basics Of Estate Tax Planning - Federal tax laws exempt property up to two million dollars from estate tax. They also allow a one million-dollar lifetime limit for gifting property without attracting any gift tax.

Andorra Tax Haven Invites More Residency Applications - Andorra has seen a sharp rise in residency applications over the last two years as rival tax haven Monaco's property prices have become among the most expensive in Europe. The Andorra authorities have responded by more than doubling the residency application quotas allowed in any one year.

Taxes - Who Should I Turn To? - This article tells that professionals are who to turn to and why.

Tax Investigations Are An Uneven Match Between Small Business And The Tax Inspector - The vast majority of tax returns are not enquired into by HMRC and are accepted as reasonable. When HMRC investigate the tax return of a small business the inadequacies of the accounting, lack of knowledge by the enquired and professionalism by the tax inspector often results in a higher tax bill.

The Economics of Vice Tax - A vice tax is an indirect form of taxation applicable to sold called vice goods like alcohol, tobacco and to a certain extent gasoline.

Business Tax Reform In The UK Introduces Annual Investment Allowance - From 1st April 2008 for small limited companies and 6th April for unincorporated self employed businesses in the UK the previous capital allowance structure of first year allowances and writing down allowances changes to a combination of annual investment allowances and writing down allowances.