
Defend Tax positions Against Audits and Investigations
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Looking to gain a better understanding of your tax requirements? This section is intended to help taxpayers better understand the process of collection and remittance of taxes, through articles, tax tips and answers to frequently asked questions.
The question often comes up about whether or not you have to pay taxes on your FX Trading. Unfortunately, just like any form of earning money, taxes have to be paid. However, just because they have to be paid doesn’t mean that you’re going to lose every penny that you earn using that Forex trading platform. Truth be told, there are quite a few loops you can get around when looking at having to pay taxes for Forex.
Tax provision: Employee or contractor? Is being an independent contractor better for you? Lower Taxes from an independent contractor.
There are factors that greatly influence the family cash flow. The biggest item is tax-both direct and indirect, which add to the cost of goods and services. Taxes are determined by our elected officials.
What is IR35? IR35 is the Chancellor's weapon against tax and National Insurance contributions (NICs) avoidance through the use of an intermediary such as a service company or partnerships. Essentially, IR35 affects all contractors who do not meet the Inland Revenue's definition of 'self employment'.
We have all heard the claims of being able to settle tax debts for "pennies on the dollar". It sounds great, but does it really work? It can be a real lifesaver for those who qualify but it is not for everyone.