Today is the 31st of January and midnight tonight is the deadline for filing your taxes for the 2009/10 tax year. This deadline applies to people who have to file a self-assessment tax online each year, the self-employed and those with more than one source of income. Failure to comply with the January 31st tax [...]
Missing the January 31 Tax Deadline Carries Penalties! Act Fast!!
January 31, 2011 By Leave a Comment
UK’s New Christmas Day Pastime
January 14, 2011 By Leave a Comment
It has been widely publicised that this past Christmas has been a mixed bag of fortunes for different industries all over western world. While some holiday companies and retailers are lamenting the reduction in ‘footfall’ and hence profit due to the unprecedented snowfall others are patting themselves on the back because of sale increases form [...]
What Will The UK ‘Hung Parliament’ Mean To You?
May 7, 2010 By Leave a Comment
The British electorate went to the polls yesterday hoping to elect a new set of MPs to govern the United Kingdon. As of this morning, we seem to be heading for a Hung Parliament. A hung parliament is one in which no party has an overall majority, which means no party has more than half [...]
‘Sin’ Tax Avoidance Made Easy
April 19, 2010 By Leave a Comment
At Church yesterday, my Pastor, Rev Richard Jama, during his message for the day, made a statement which prompted me quickly put on my ‘money management cap’. He said “Sin is expensive; it is more expensive to live a sinful life than to live a righteous one”. Not only in the eventual consequences of your [...]
Stupid Tax #4 – Get A ‘Refund-Anticipation’ Loan!
April 9, 2010 By Leave a Comment
To many people getting a tax refund is as if they’ve won the lottery (not that i advocate playing that). They behave as if it is new money. Wake up! this is your money that the government has been using free of any charge from you. The worst part of this kind of thinking is [...]
Stupid Tax #3 – Paying Your Tax With High-Interest Credit Card.
April 8, 2010 By Leave a Comment
Truth be told, what you owe the Taxman – the Taxman will get! But to use a high-interst credit card to pay the taxes may not make too much sense. Although paying this way is a still better than not paying your taxes at all, but you should not just plunge into further debt to [...]
Tax Refund Notification Scam
April 7, 2010 By Leave a Comment
Anytime there is a tax deadline somewhere in the world, out come all sorts of phishing emails sent to defraud people of their hard-earned money. Just today i got one the screen image is shown below: The URL for the “refund request” led to: http://www.marykellykilims.co.nz/includes/hmrc/refundportal.htm – which is obviously not the Taxman’s website. The Inland [...]
Income Tax or “Stupid Tax”
April 6, 2010 By Leave a Comment
Look around anywhere and you can certainly get the feeling that the tax season is here again as it always does every year. If you wake me up from sleep and demand to know about taxes from me, i will ask you “which one – Income or Stupid?”. Understanding taxation requires more than a genius [...]
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