Thursday, July 30th, 2015 at
Op Epping Kitchen Office 1
Image by HM Revenue & Customs
John Woolfenden, 52, from Radcliffe, traded on Play.com, Playtrade and on eBay as ‘Globalworldentertainments’, selling DVDs, CDs and games but never declared his self-employed status or sales for tax purposes. The fraud, including unpaid taxes, interest and money laundering totalling £299,753.17, was discovered as part of the HMRC’s e-Marketplaces campaign to tackle undeclared tax and income from online trading.
When HMRC officers raided his home address on 15 May 2013 they found all the signs of a busy online trader: there were huge stocks of DVDs, CDs and games and even the shower was stacked to the ceiling with boxes.
Full story: ow.ly/AZa8r
Wednesday, July 29th, 2015 at
Did Jeb overpay his taxes
One tax lawyer joked that Bush's returns looked more like they came from a professional athlete — a millionaire, sure, but one with a straightforward salary taxed at the higher wage rate — than a businessman who sits on corporate boards, runs a …
Read more on Politico
Muni bonds: When does it make sense to go local?
Residents of cities or counties that assess their own income tax could deduct income on munis issued within the state on their city tax forms, too, completing a tax-break trifecta. New York is the most notable example of a city that has its own income …
Read more on CNBC
Income tax speeds up its grievance redressal machinery
India's income tax department has considerably speeded up its grievance redressal machinery, the finance ministry said on Wednesday. income tax forms “In one year, the overall disposal rate of grievances received on public grievances portal works out …
Read more on Odisha Sun Times
Monday, July 27th, 2015 at
State budget director discusses taxes
Bill Walker's budget director broached the subject of additional state taxes with Juneau's business community Thursday. Office of Management and Budget Director Pat Pitney was the guest speaker at the Juneau Chamber of Commerce luncheon the same …
Read more on Juneau Empire (subscription)
Sunday, July 26th, 2015 at
Pot Tax: Study May Help Sacramento Politicians get more Revenue – Breitbart
Sacramento politicians have been clear that they hope marijuana can provide a stable tax revenue base for the perpetually insolvent state. After passing Proposition 30's“temporary tax increase” in 2012, the Golden State saw its top marginal tax rate …
Read more on Breitbart News
Rain tax has always been a done deal | Mobile Augusta
Of course the rain tax passed. It was just the first reading of the ordinance, but no matter, it's a done deal. Always has been. Augusta Commission members just had to do a little hand jive with it to make people think they really didn't want another …
Read more on The Augusta Chronicle
Why Roth IRAs will stay tax-free for years to come
Roth IRAs are very popular because distributions from them are tax-free. Many wonder if they will always be tax free. Q. Hi Dan, I have made extremely well, God ordained, timely decisions in the stock market with my 403(b), 457(b), and old ROTH IRAs.
Read more on MarketWatch
Sunday, July 26th, 2015 at
Residents of 4 Bulgarian Municipalities May Now Pay Local Taxes, Fees Online
In May the NRA and the Finance Ministry launched an online tax inquiry system for local taxes and fees. The system provides information about the obligations of legal and natural persons to over 200 municipalities in Bulgaria. The service now allows …
Read more on Novinite.com
Utica Residents Can Now Pay City Taxes Online
When I took office in 2014 one of my top priorities was to make life easier for our residents by providing them the option to pay their tax on-line. By working closely with the Mayor and IT Department I am pleased we were able to deliver on this promise.”.
Read more on WIBX AM 950
More security measures for taxpayer's online portal, My Alabama Taxes
The Alabama Department of Revenue plans to enhance the security features to the online taxpayer portal, My Alabama Taxes (MAT). M.A.T. is a convenient and secure way taxpayers can file tax returns, make payments, view letters, manage their accounts, …
Read more on Alabama’s News Leader