Tax rises to cover the cost of caring for elderly and disabled people are being considered by the Welsh Government. The money raised could be spent on abolishing care fees or on a pay rise for care workers. A consultation on possible reforms to social care is due to start this summer. Health Minister Vaughan […]

New Delhi, Feb 4 (IANS): Questions are being raised whether the government made a mistake in announcing the mega IPO of Life Insurance Corporation (LIC) and in the same Budget, created an alternate tax regime in which tax exemptions under Section 80C of the Income Tax Act will be withdrawn. In a note, foreign brokerage Jefferies

Welcome to Hidden Value, the column where Joe Elsasser, CFP, addresses common financial planning issues with insights advisors and their clients may not have considered. Many Americans have started to adjust to changes brought on by the sweeping tax overhaul enacted in 2017. However, new changes introduced by the recent Setting Every Community Up for

Good tax planning is an art that few seem to be able to master. Unfortunately, we live in an unstable tax environment. Our government seeks to create economic growth, stability and enhanced income but constantly changing tax policy works against all of these goals. Effective tax planning is essential for anyone wishing to build wealth and every business

TOPEKA, Kan. (AP) — Kansas has collected more tax revenue than expected almost every month for more than two years, and Republicans are growing increasingly angry that Democratic Gov. Laura Kelly still insists that the state can’t afford income tax cuts favored by the GOP-controlled Legislature. The state Department of Revenue reported Monday that tax

The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released by the OECD today. The Inclusive Framework on BEPS,

Pay attention to the principal residence rules The tax rules and regulations concerning giving large gifts to family members aren’t quite as cut-and-dried as they might appear on the surface. Last time, I looked at some of the situations when the Canada Revenue Agency (CRA) might want a gift too. This time, let’s look at

Are you getting a tax refund this year? I enjoy receiving financial windfalls like tax refunds for several reasons. Tax refunds help maintain the positive momentum for achieving my money goals—instead of going on a spending spree. Depending on where you’re at in your financial journey, a tax refund can be a financial blessing. You can

Tax planning is an activity that enables you to reduce your tax liability. It is one of the most basic yet integral parts of the financial plan, and it helps you save your capital. Several options enable taxpayers to reduce their tax liabilities, especially those that fall under Section 80C of the Income Tax Act

Like Ben Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” Whether you like them or not, paying and filing taxes is a requirement for living in the good ol’ U.S.A. Not an enjoyable experience by any stretch, but one that could be even less enjoyable if a