#tax return service

[efjconsulting]

EfjConsulting: Your Trusted Partner for Self-Assessment Tax and VAT Returns in the UK

EfjConsulting is your trusted partner for self-assessment tax and VAT Returns in UK. Our team of experienced professionals understands the intricacies of the UK tax system and is dedicated to ensuring compliance and maximizing your tax benefits. We offer comprehensive VAT Returns services, guiding you through the process and minimizing the risk of errors or penalties. Additionally, our expertise extends to self-assessment tax returns, assisting individuals and businesses in accurately reporting their income and claiming eligible deductions. With EfjConsulting, you can have peace of mind knowing that your tax affairs are in capable hands. Contact us today for personalized tax solutions tailored to your needs.

[bitchesgetriches]

✨ NEW POST! ✨

Would You Rather Owe Taxes or Get a Tax Refund This April? The Answer Might Surprise You!

[dontmeantobepoliticalbut]

The amount of income, deductions and taxes paid by or refunded to former President Donald Trump while serving in the White House was detailed in a new report released Tuesday night.

The report reveals that Trump on his federal tax returns declared negative income in 2015, 2016, 2017 and 2020, and that he paid a total of $1,500 in income taxes for the years 2016 and 2017.

On their 2020 income tax returns, Trump and his wife Melania paid no federal income taxes and claimed a refund of $5.47 million, according to the report by the staff of the Joint Committee on Taxation.

The report was posted online shortly after the Ways and Means Committee voted to make public redacted versions of Trump’s full income tax returns, and those of eight related business entities for the tax years 2015 through 2020.

Those full returns are expected to be released in the coming days.

A separate report released by the Ways and Means Committee revealed that the IRS had started an audit of just one of Trump’s tax returns while he was serving as President despite an internal policy mandating that sitting presidents have their returns audited annually.

The 39-page report by the Joint Committee on Taxation staff gives a breakdown of the highlights of Trump’s joint tax filings with Melania during his time in office, and the two years he first ran for President.

The report identifies different areas that the staff thought warranted further examination, such as documentation of nearly $506,000 in charitable donations claimed by the Trumps in 2019.

Highlights of the report include:

• On their 2015 federal return, Trump and his wife declared negative income of $31.7 million, with taxable income of $0. The couple paid federal income taxes of $641,931.

• The 2016 return declared negative income of $31.2 million, with zero dollars of taxable income. The Trumps paid $750 in taxes.

• The 2017 return declared negative income $12.8 million, with $0 in taxable income. The couple paid $750 in taxes.

• The 2018 return declared total income of $24.4 million, with taxable income of $22.9 million. The Trumps paid $999,466 in federal income taxes.

• In 2019, the Trumps declared $4.44 million in total income, and $2.97 million in taxable income. They paid $133,445 in taxes.

• The 2020 return shows negative income of $4.69 million, with zero dollars in taxable income. The tax paid by the Trumps was $0 and they claimed a REFUND of $5.47 million.

Read the report on Trump’s annual tax returns here.

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[kmhonco]

GST services Singapore

K.M.Ho & Co. offers Business financial audit, GST services Singapore, Public Accounting audit, GST accounting, Tax filing and return services with our top-rated audit firm for handling your business issues in Singapore at reliable prices.

[stroshe]

Expert Advice on Corporate Tax Returns and Personal Tax Filing in Canada

When it comes to tax season in Canada, both individuals and businesses face the challenge of navigating through the intricate web of regulations. Whether you're a corporation seeking seamless Corporate Tax Return Services Ontario or an individual looking for guidance on Personal Tax Filing in Canada, understanding the nuances is crucial. In this blog post, we'll provide expert advice on corporate tax returns and personal tax filing, shedding light on effective accounting and tax planning strategies.

Understanding Corporate Tax Returns

Corporate tax returns demand a strategic approach. To optimize your financial position, it's essential to engage with a reputable Accounting and Tax Planning Company. Their expertise ensures that your business takes advantage of available deductions and credits, maximizing returns while staying fully compliant with tax laws.

Tips for Corporate Tax Returns:

Strategic Deductions: Identify eligible deductions relevant to your industry, ensuring you make the most of available tax incentives without overstepping boundaries.

Timely Record Keeping: Maintain meticulous records throughout the fiscal year to streamline the tax return process. This proactive approach minimizes errors and facilitates a smoother filing experience.

Ensuring a Seamless Personal Tax Filing Process For individuals, the Personal Tax Filing process can be intricate, with various credits and exemptions to consider. Seek guidance from experts who specialize in it to ensure accuracy and compliance.

Expert Tips for Tax Filing:

Utilizing Tax Credits: Explore available tax credits, such as those related to education, homeownership, or medical expenses. These can significantly reduce your tax liability.

Understanding Provincial Variations: Recognize that tax regulations can vary by province. Professionals specializing in Corporate Tax Return Services in Ontario, for example, can provide insights tailored to the specific jurisdiction.

Choosing the Right Accounting and Tax Planning Company:

Selecting the right Accounting and Tax Planning Company is pivotal for both corporate and personal tax matters. Look for firms that offer personalized services and stay abreast of the latest tax reforms.

Conclusion In the complex landscape of Canadian taxation, seeking expert advice is not just beneficial but essential. Whether you're a business owner requiring Corporate Tax Return Services in Ontario or an individual navigating Personal Tax Filing in Canada, partnering with professionals ensures a seamless and compliant experience. Keep these expert tips in mind to optimize your tax strategy and secure a financially sound future.

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Dive into the extensive benefits of tax outsourcing for UK accountancy practices with Doshi Outsourcing. Discover how it optimizes operational processes, trims expenses, and elevates overall efficiency, all while ensuring compliance and delivering top-notch financial services. Explore article to unlock the potential for your firm's growth and success.

[robinsco]

Online Tax Returns Services Northampton

It can be difficult to complete self-assessment tax returns correctly. As HRMC's powers and penalties have increased in recent years, we can make sure you comply with all requirements. Robins & Co give you piece of mind to ensure these are correct. Robin & Co gives a Tax Returns Services Northampton. Robins & Co advise you of your tax liabilities and we can help in reducing your liability by looking at suitable tax planning opportunities. Robins & Co has 20 years of experience in this field. Robins & Co gives you the best tax returns services in Northampton.

[masarca]

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[efjconsulting]

Efficient Accounting Solutions and VAT Returns by EfjConsulting

We at EfjConsulting are well aware of the need for businesses to keep a close eye on their financial situation. Because of this, we are able to provide a wide range of accountants in welling services as well as VAT Returns in UK at pricing that are reasonable. Our trained staff is able to assist you in the management of your financial resources and in adhering to all applicable regulations. We are confident that the value provided by our services is the best in the UK. Therefore, if you are in need of assistance of an experienced bookkeeper, EfjConsulting is the company to contact.

[bitchesgetriches]

Screw Up Your Taxes? Here’s How To Get Out of Paying Tax Penalties

Keep reading.

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[dontmeantobepoliticalbut]

Treasury Secretary Janet Yellen defended the Internal Revenue Service in a speech Tuesday against repeated threats from Republicans to cut the agency’s funding.

“Playing politics with IRS funding is unacceptable. Cutting it would be damaging and irresponsible,” Yellen said.

The IRS was allocated an influx of $80 billion by the Democrats’ Inflation Reduction Act, which passed last year. The funds are intended to help crack down on tax cheats and improve taxpayer service.

But the funding has become politically controversial.

Most recently, House Republicans voted to rescind $14.3 billion from the IRS to pay for an emergency aid package for Israel in the wake of the Hamas terrorist attacks, but the bill is unlikely to even get brought up for a vote in the Democrat-controlled Senate.

Newly minted House Speaker Mike Johnson said the IRS cuts would offset the spending for Israel, but independent budget experts have repeatedly said that taking money away from the IRS’ enforcement actions will actually add to the deficit. In fact, the nonpartisan Congressional Budget Office said last week that cutting $14.3 billion from the IRS would reduce the amount of tax revenue the agency can collect by $26.8 billion over 10 years.

The House GOP has made several efforts to claw back some IRS funds since taking control of the chamber in January, and some Representatives have even called for abolishing the IRS altogether. Earlier this year, Republicans were successful in rescinding $20 billion from the IRS as part of a deal to address the debt ceiling.

Many Republicans claim the IRS will use the money to hound middle-class taxpayers and small business owners, though the Biden administration has said that taxpayers earning less than $400,000 a year won’t face an increase in taxes due to the new funding.

“Let me be as clear as possible. The IRS agenda in using Inflation Reduction Act funds is as follows: If you are middle- or low-income, better service; if you are wealthy, more scrutiny,” said IRS Commissioner Danny Werfel in a speech he gave Tuesday following Yellen’s remarks.

IRS IMPROVEMENTS

The Biden administration is eager to show how the new funding is helping the IRS improve its taxpayer services and ramp up enforcement efforts.

“The new funding is driving change across the IRS, and we are seeing a wave of improvements that the agency hasn’t seen in a generation,” Werfel said.

During the 2023 filing season, the IRS was able to answer 3 million more calls and cut phone wait times to three minutes from 28 minutes compared with the year before after hiring 5,000 new customer service representatives. And by ramping up enforcement on millionaires this year, the IRS has collected $160 million in back taxes.

The IRS has also already met its goal, set earlier this year, to make sure taxpayers can respond to all IRS correspondence online. Previously, there were certain forms that could only be responded to on paper through the mail. As a result of this change, the IRS estimates more than 94% of individual taxpayers will no longer have to send mail to the agency.

The IRS has also put a plan in motion to digitize all paper-filed tax returns by 2025. The move is expected to cut processing times in half and speed up refunds by four weeks.

There are more improvements the IRS expects to roll out next year.

For example, the existing online tool known as “Where’s My Refund?” will be able to give taxpayers more detailed information about the status of their refund after filing their federal tax return, including whether the IRS needs them to respond to a letter requesting additional information.

The IRS is also expecting to provide more in-person tax filing support at its Taxpayer Assistance Centers. Taxpayers can go to those sites to receive free help from trained volunteers. The agency’s goal is to increase the number of taxpayers receiving free tax preparation help by around 50,000 in filing season 2024.

While these improvements are intended to give taxpayers fewer reasons to call the IRS, new technology is cutting down on wait times when they have to pick up the phone. The main IRS line now has a call-back option when the expected wait time exceeds 15 minutes. A caller can hang up and receive a call back later.

In addition, the IRS is currently working on building its own free tax filing program, known as Direct File, that will launch as a limited pilot program next year and be available to some taxpayers in 13 states.

[cornflowercanine]

oh yeah also almost forgot to post that one year ago today i moved out of utah. i went from constantly tired and 8ody Hurts Randomly All The Time and Gets New Minor Illnesses Monthly and Starting to get heart issues to like... i've only gotten sick once since i moved out. any pain i get is just from workin lots. ive gained TWENTY POUNDS(!!!) pro8a8ly more since i moved out (REALLY GOOD). i finally have irl friends :) and we go out shopping or to eat at least once a w33k, every other w33k X) literally every8ody in my store that i talk to loves me and is happy to s33 me and gives me compliments :D i kinda cant express how huge a deal it is for me to 8e a8le to Go Outside and TALK TO PEOPLE nevertheless MAKE FRIENDS WITH THEM!!! 8ut god this was kinda all i ever wanted? this was like the 8aseline thing? people are just as nice as i thought they'd 8e and my parents were wrong X) i am way more lova8le than anticip8ed even if i do get confused easy and am slow at some things people still WANT me there :D i have my own money now and can do whatever i want with it and i have :) a lot... in savings and i plan to learn to drive this year and move out next year or so!

LITERALLY EVERYTHING IS EASIER WHEN YOU DONT HAVE YOUR PARENTS 8REATHING DOWN YOUR NECK!!!!!!!!!!!!!!!! I AM SO HAPPY A FUCKING MEN!!!!!!!!!!!!!!

[performancemartketing]