Bank finance articles and tips

There is a lot of talk today about the distribution of wealth and who pays what in income taxes. The distribution of income taxes in the United States has always been what one would consider progressive, meaning that the more you make, the higher percentage you pay in. What is going on with the political scene today is that more and more Americans feel the wealthiest 1 percent are not doing their part in tax payments.

Is it possible that you pay too much in taxes? Would you rather pay less in taxes?

Are you missing loopholes and deductions that let you pay fewer taxes and keep more of your money?

Is there any possibility that you are or have given the government more than its fair share of your money? If so, you owe it to yourself and your family to take advantage of every tax break you can....

Tax free income always sounds good to me! What do you think? Everyone loves to pay taxes! Don't they? How would you like to earn tax free income? Taxes are going up if not now, soon. It is inevitable! Here are ten examples of how you can earn extra income tax free!....

As we all know there are two main types of company you can choose to do business in - a sole trader and limited company.

In this section I'll illustrate how choosing the right vehicle at the right time is one of the big reasons why some business owners pay a lot less tax than others....

In most situations, taking advantage of the convenience and speed of submitting your return online is a good idea. But there are some situations where this apparent convenience and utility isn't such a good thing....

Unless you know a lot about accounting yourself, it is very likely that your company accounts are prepared by either an internal accounts department or an outside professional. For small and medium enterprises, the latter option can be more appealing because employing a permanent, dedicated tax accountant is more expensive and sometimes unnecessary for a small company. However, whether you are employing a tax accountant in your business or outsourcing to a freelance tax professional, it is critical to choose the right accountant for your business. For example, when it comes to your annual tax return it may be prepared by someone else but ultimately it is you who is legally liable for any mistakes in it....