Fraudulent Tax Shelters ? KMPG Goes Down Hard

In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment.

Son of Boss Tax Shelters

From 1996 to 2003, KMPG promoted a tax strategy known as the Son of Boss. This shelter was used to create phony tax losses that could be claimed by wealth individuals looking to write off tens of millions of dollars. KMPG promoted the structure despite the fact it's own internal tax attorneys warned the structure was fraudulent and could result in criminal charges. So far, wealthy individuals participating in the scheme have paid over $3.7 billion dollars to the IRS.

There should be no mistaking the impact of the plea agreement in this case. KMPG may have enjoyed the huge fees earned from the scam, but it is paying an incredible price for pursuing this practice. The price paid includes:

1. 456 Million Dollar Fine,

2. Permanently barred from providing tax services to wealthy individuals,

3. Permanently barred from involvement in any pre-packaged tax strategies,

4. Permanently barred from charging a contingency fee for work,

5. All actions monitored by government appointee for three years,

6. Full cooperation with government in indictments of individual KMPG employees.

Remaining Indictments

While KMPG pled guilty, it left its employees out to dry. An interesting maneuver since one can assume KMPG enjoyed the millions of dollars produced from the fraudulent tax shelters. Those under indictment, who are all now former employees, are:

1. Jeffrey Stein, former Deputy Chairman of KPMG, former Vice Chairman of KPMG in charge of Tax and former KPMG tax partner;

2. John Lanning, former Vice Chairman of KPMG in charge of Tax and former KPMG tax partner;

3. Richard Smith, former Vice Chairman of KPMG in charge of Tax, a former leader of KPMG's Washington National Tax and former KPMG tax partner;

4. Jeffrey Eischeid, former head of KPMG's Innovative Strategies group and its Personal Financial Planning Group and former KPMG tax partner;

5. Philip Wiesner, former Partner-In-Charge of KPMG's Washington National Tax office and former KPMG tax partner;

6. John Larson, a former KPMG senior tax manager;

7. Robert Pfaff, a former KPMG tax partner;

8. Mark Watson, a former KPMG tax partner in its Washington National Tax office.

In Closing

In the end, KMPG led clients down a very dangerous path for the apparent purpose of generating revenue. While even bad publicity is supposed to be good publicity, this situation seems to suggest the opposite.

Richard Chapo is with http://www.businesstaxrecovery.com - recovering overpaid taxes for small businesses. Visit our article page - http://www.businesstaxrecovery.com/articles - to read more tax articles.

In The News:

The new tax plan |India Today Insight  India TodayThe Modi government considers a Donald Trump-style overhaul of India's direct taxes to increase compliance and reduce 'tax terror'.
How to correct mistakes made at the time of paying income tax  Economic TimesAt the time of filing income tax return (ITR), if there is any income tax payable pending, then you are required to pay it before completing the process of ITR filing.
Direct Tax Code: All you need to know about govt panel's recommendations  India TodayThe committee has highlighted the need to review existing tax brackets, surcharges and implementation of special guidelines for startups. Concessions have ...
Small startups may not get promised tax holiday  Economic TimesNEW DELHI: Indian startups with turnover in excess of Rs 25 crore may have to pay income tax even though they may be eligible for the three-year tax holiday ...
Govt panel gets time till Monday to submit direct tax code report  LivemintThe panel, led by CBDT member Akhilesh Ranjan, was earlier required to submit its recommendations on Friday.The new direct tax code will try to simplify tax ...
Govt gives businesses four months to settle indirect tax disputes  LivemintNEW DELHI : Businesses can now settle their pending disputes relating to central excise duty and *service* tax within four months starting 1 September under the ...
How a Totally Hypothetical Payroll Tax Cut Would Impact Your Paycheck  Lifehacker AustraliaFor a portion of this calendar week, President Donald Trump considered cutting payroll taxes. “I've been thinking about payroll taxes for a long time,” he told ...
Solution to India's economic malaise lies in cutting taxes and regulation  BusinessLineRather than lower the role of government, Modi has stepped up regulations and enforcement to draconian levels all to justify good governance.
Trump flip-flops on tax cuts, saying US has 'strong economy'  Economic TimesTrump also knocked down the idea of indexing to the capital gains tax, which applies when investors sell assets, to inflation.
Why does Macron want to discuss tax on digital services at G7?  BusinessLineFrench President Emmanuel Macron is pressing ahead with a digital tax in France, a move US President Donald Trump described as “foolishness”, and the ...
Time the policy of taxing intermediary services is remedied  BusinessLineLevying GST on back-end services provided to overseas customers will make Indian exports uncompetitive.
Will a new direct tax law push up compliance?  LivemintNumerous amendments over five decades, as well as the influence of case laws, often made it difficult to interpret the rules.Mint takes a look at what the new ...
Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel  MoneycontrolThe Aviation Ministry has formed a committee to rationalise additional taxes that airlines have to pay while uplifting Air Turbine Fuel (ATF) at airports across India ...
Scott Walker calls for more tax cuts to spur economic growth  Fox NewsFormer governor of Wisconsin Scott Walker called for additional tax cuts to spur economic growth, saying the recent cuts “continue to be good but you can do ...
Direct tax committee calls for major changes to reassessment rules  Business StandardThe government-constituted task force for re-writing the direct tax legislation has suggested major changes in provisions for reopening and reassessment, in a ...
Software firms want SEZ sops to stay, seek tax cut  Economic TimesPropose extension of Special Economic Zones benefits for 20 more years; cite lower tax in other nations.
California pot taxes tick up but miss initial projections  Yahoo FinanceWhen it comes to tax money from marijuana sales, California is living with diminished expectations. The state pulled in $74 million in cannabis excise taxes ...
Income Tax Department issues checklist to trace unaccounted demonetisation cash  Economic TimesNEW DELHI: In a bid to seize illegal cash, the Income Tax Department has issued a 17-point checklist to tax commissioners across the country to track those ...
Israel agrees to withhold less Palestinian tax money  Aljazeera.comAccord allows Palestinian Authority to collect fuel tax directly, but only partially resolves its financial crisis.
ITR forms with pre-filled investment data soon  Economic TimesPre-filled forms will soon be able to pick salary breakup directly from an individuals Form 16.
Small startups with turnover up to Rs 25Cr to get promised tax holiday: CBDT  YourStoryIn a statement, the CBDT stated that startups will continue to receive the tax holiday as specified in the Section 80-IAC of the Income Tax Act, 1961.
Larry Kudlow says there could be a tax cut before Election Day  CNBCTop White House economic advisor Larry Kudlow said Thursday that President Donald Trump could put forward a tax cut before the 2020 presidential election.
How a small tax-paying elite funds the Indian state  LivemintThe move to raise surcharges on the incomes of India's super-rich taxpayers has led to a barrage of criticism from tax experts who have questioned such ...
DTC panel's proposals may focus on cleaning up, making tax code more efficient, says A Prasanna  MoneycontrolThe focus of the Direct Taxes Code (DTC) panel, which has submitted its recommendations to finance minister (FM) Nirmala Sitharaman, is likely to be on ...
Policy | Put an end to tax terrorism  Moneycontrol.comAbhijit Kumar Dutta. The unfortunate death of Cafe Coffee Day founder V G Siddhartha last month has left an unlikely sufferer — the income tax department.
Donald Trump considers tax cuts to stimulate economy  Financial TimesDonald Trump, the US president, said he was exploring a range of options for new tax cuts to stimulate the economy, revealing the administration's fears of a ...
Taxing times: Compliance complexity a big challenge for businesses  The Financial ExpressIndian businesses struggle with more than 9000 compliances and 600+ filings, and there have been more than 600 updates over the past year.
Capital gains: For FPIs, new SEBI norm is a tax-free ‘gift’  BusinessLineSEBI has allowed foreign portfolio investors (FPIs) to invest from Gujarat Gift city, in a move that could see FPIs heading to the international financial services ...
Trump Says He Has Authority to Reduce Capital Gains Taxes  The New York TimesWASHINGTON — President Trump said on Tuesday that he was considering giving investors a big tax cut that would primarily benefit the rich, and that he ...
Sajid Javid will 'simplify' the tax system in first Budget  BBC NewsChancellor Sajid Javid has said he wants to simplify the tax system ahead of his Budget in the autumn. In his first interview since becoming chancellor, Mr Javid ...
Madison County business owner charged with multi-million dollar tax evasion  KMOV.comA Madison County business owner is accused of tax evasion.
How to Adjust Your Tax Withholding | Taxes  U.S. News & World ReportTo adjust your withholding, you'll need to file a *fresh* W-4 form with your employer.
IMF raises doubts about Indias tax revenue estimates, GDP growth target  Business StandardThe International Monetary Fund (IMF) has posed questions for policymakers in India over steep tax revenue collection estimates for 2019-20 and the ...
DTC panel suggests radical changes in income tax  Deccan HeraldIncome tax rates for individual tax payers will be much lower, surcharges on income will be a thing of the past and companies will not have to pay taxes on the ...
Amazon is under scrutiny for not paying federal income taxes. Here's how it got its tax burden down to less than $0.  Business InsiderAmazon recorded a net federal tax credit for 2017 and 2018 and the company has paid a low tax rate for years. Here's how it did it.
Deadline For Filing Income Tax Return (ITR) Is Just 9 Days Away: 10 Latest Details To Know  NDTV NewsThe last date for filing of income tax returns for assessment year 2019-20 (financial year 2018-19) is August 31, 2019. Last month, the government extended the ...
Bill de Blasio is a hypocrite on taxes and small businesses  New York Post Mayor Bill de Blasio, who on his quixotic presidential quest has argued that wealthy Americans should pay a healthy 70% slice of their income in taxes, has ...
Income Tax: Pre-filled ITR forms to make filing easier  The Financial ExpressAccording to media reports, the government is in talks with the markets regulator to get details of investment returns of taxpayers. The pre-filled forms will have ...
Revised threshold limits for appeals by I-T department to apply in all pending cases  Times of IndiaMUMBAI: The Central Board of Direct Taxes (CBDT) in an internal notice sent to high ranking I-T officials has clarified that the revised monetary limits of filing of ...
Direct tax target realistic and achievable: Revenue secretary  Economic TimesEarlier Finance Minister Nirmala Sitharaman at the same event said the direct tax target was very realistic and achievable.
Democrats Just Got A Break In Their Trump Tax Return Case  HuffPostA whistleblower's allegation of interference with the president's IRS audit hints at another way to obtain those tax returns.
Win A Ferrari Portofino, Taxes Paid For, Plus $20,000 In The Trunk  Motor1.comMotor1.com and Omaze are giving you the chance to win a brand new Ferrari Portofino with $20000 in the trunk.
What is Direct Tax Code? Report likely today  LivemintThe new direct tax code will try to make personal income tax rates more 'progressive'.Prime Minister Narendra Modi had last year told tax officials that the old ...
Democrats Cite 'Evidence Of Possible Misconduct' With Trump Tax Returns  HuffPostA whistleblower apparently contacted House Democrats this summer about potentially "inappropriate efforts to influence" an audit of the president.
Jammu traders demand extension of deadline for filing income tax, GST returns  India TodayCity-based traders' body Monday demanded an extension of deadline for filing income tax and GST returns as internet and other communication channels are ...
GST on electric vehicles, chargers slashed  BusinessLineThe Goods & *Service* Tax (GST) Council on Saturday decided to lower the duty on all electric vehicles (EVs) and the charger for such vehicles. This is the ...
Debt servicing: Govt cuts tax burden on stressed power plants  The Financial ExpressTen power plants had won 25-year coal linkages of 27.2 MTPA in the first round of Shakti auctions where bidders quoting the highest discount to its existing ...
Finance Ministry to cut tax on prize post PM nudge  Economic TimesNEW DELHI: The Finance Ministry has withdrawn the tax exemption it had granted to the cash prize of Rs 1.3 crore received through the Seoul Peace Prize by ...
Trump Sows Confusion With Remarks On Guns And Taxes  WBURNPR's Ayesha Rascoe explains the fallout from Trump's recent contradictory statements on gun control and tax cuts.
As Mamata Slams Durga Puja Tax, Top I-T Officer Says Clamour Based on 'Misleading Facts'  News18Kolkata: Income Tax officials have rubbished West Bengal Chief Minister Mamata Banerjee's claim that the I-T department had issued notices to Durga Puja ...
Cut taxes to reduce entrepreneurs’ burden: Kotak Mahindra AMC MD Nilesh Shah  The Financial ExpressOur market is currently compartmentalised in four parts. Super large-caps are trading above their historical average. Large-caps are trading around their ...
'Woo Private Sector, Keep Corporate Tax At 10%'  BW BusinessworldToday, the private sector feels harassed. They, instead, need to be wooed. So many people are going abroad. Create incentives for them. Corporate taxes ...
All tax letters, notices to carry identification numbers to be verifiable online from Oct 1, 2019  Economic TimesStarting October 1, 2019, all letters and notices from the income tax department will carry a computer-generated Document Identification Number (DIN) which will ...
Freedom from tax burden for angel funds  Economic TimesExemption from angel tax even if assessment order was passed before February 19.
10 salary components that can help employees reduce tax burden  Economic TimesYour salary structure consists of several components which can help you reduce your tax burden. While some of these components are fully or partially taxable, ...
David Ahrens  Madison.comMadison residents have had to absorb a 40% increase in water fees in the last two years. Our water is now among the most expensive in the state, in part.
PMC to hire two private firms for property tax collection  Times of IndiaPatna Municipal Corporation (PMC) will soon hire two private firms for collection of property taxes. Executives of the firm will make survey for incl.
Serve On Nonprofit Board, Face Tax Liability?  ForbesServing on the board of directors of a nonprofit can be rewarding, but not if you end up paying for the organization's tax problems. Your first reaction might be to ...
Iconic Brooklyn Pizzeria Reopens, Works Out New Tax Payment Plan With State  CBS New YorkNEW YORK (CBSNewYork) – Pizza lovers all over New York are rejoicing. New York's tax collectors shut down one of Brooklyn's most iconic pizza spots two ...
Income tax notices without a unique ID will soon be treated invalid. 5 points  LivemintThe new rules for issuance of income tax notices with unique IDs will come into effect from October.At present, some notices are issued manually without any id ...
10 reasons why you may get a notice from the income tax department  Economic TimesYou may anytime come under the taxman's lens. Here are 10 reasons taxpayers can get an income tax notice.
Retain tax sops for genuine R&D  Economic TimesEven as the Direct Tax Code's call to prune tax exemptions is unexceptionable, it would be sensible to retain those for research and development (R&D).
ITR Filing 2019: 5 incomes you must not miss to report in your Income Tax Return for AY 2019-20  The Financial ExpressIt is advisable to be extra careful while filing income tax return this year as even a small mistake can result in the issue of a notice from the Income Tax ...
Tax rise for high earners may trigger fund flight: former RBI governor Bimal Jalan  Business TodayFinance Minister Nirmala Sitharaman, in her budget this month, raised taxes on people earning more than Rs 1 crore ($145000) a year to at least 42.7%
Tax notices to soon carry an identification number  LivemintDIN is likely to improve transparency and bring down the processing time of notices.DIN won't be limited to new tax notices. It will also be issued to all the ...
FM Nirmala Sitharaman's next stop to assess tax situation to be Varanasi  Economic TimesSitharaman is keen on gaining ground-level feedback from both tax officers and taxpayers.
Taxation amid slowing economy killing market's 'animal spirit'  Economic TimesThe controversial tax-surcharge on super-rich proposed in the Budget caused an outflow of Rs 12419 crore in the month of July.
Still hopeful of govt lowering 18% tax on biscuits costing less than Rs 100 a kg: Mayank Shah, Parle Products  Economic TimesNow with the honourable prime minister stepping in, we are very hopeful that there would be immediate action on the GST slab for biscuits below Rs 100 per kg.
Have you filed your income tax return correctly? Find out  Economic TimesHere's a short quiz to help you understand if you are on the right track to file your income tax return.
ITR filing: TDS related queries answered by income tax department  Economic TimesAt the time of filing your income tax return (ITR) it is important to ensure that all TDS-related details are correctly filed in the form. Consequently, questions ...
Income Tax Department conducts searches at Oberoi Realty, Capacite Infra  MoneycontrolConfirming the development, a senior official of the I-T Department told Moneycontrol there was suspicion on related party transaction within Oberoi and also of ...
Don’t leave your spouse with a massive tax bill when you die  MarketWatchIf you are wealthy enough to be exposed to the federal estate tax, you can usually minimize it or even avoid it entirely with some advance planning.
Do All Seniors Pay Taxes on Their Social Security Benefits?  The Motley FoolWhether you'll be taxed on your benefits in retirement depends on where you live and what your total income looks like.
IRS begins tax clampdown on unreported cryptocurrency profits  ZDNetIf you've been trading but not declaring, the tax *service* might be on your case.
Red Meat Could Be the Next Sin Tax After Sugar, Fitch Says  BloombergMeat could be a target for higher taxes given criticism of the industry's role in climate change, deforestation and animal cruelty, according to a report by Fitch ...
Pension tax crisis: reform needs to be swift to tackle doctors' sense of injustice  The BMJBMJ 2019; 366 doi: https://doi.org/10.1136/bmj.l5195 (Published 22 August 2019) Cite this as: BMJ 2019;366:l5195. Article; Related *content*; Metrics; Responses ...
Using tax money to bail out a slowing economy is antithetic to market economy: CEA Subramanian  MoneycontrolSubramanian also said that the possibility of a situation where profits are private and losses are socialised is an anathema to the way a market economy ...
Textile companies seek tax incentives, DBT for farmers  Economic TimesNEW DELHI: Indian textile and clothing industry players say one-third of their production capacity is lying idle due to sluggish exports, poor domestic demand, ...
Online platforms, CAs arent responsible for wrong income-tax filing  Business StandardFor filing income-tax (I-T) returns this year, say, you take services of an online tech platform. The platform makes a mistake, which doesn't catch your attention at ...
These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes  Bitcoin NewsTax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you'll only end up cursing your.
HC declines interim stay on transfer of income tax case against Karti Chidambaram to special court  Economic TimesCHENNAI: The Madras High Court on Wednesday refused the plea of Congress MP Karti Chidambaram and his wife for interim stay on the transfer of an income ...
Higher tax surcharge on super-rich: FPI lobby sends wishlist to government  MoneycontrolWith the issue of higher tax surcharge proving to be a thorn, a lobby of FPIs has urged the government to use information on beneficiaries to identify them and ...
Can children’s school fees paid by the employer be claimed for tax deduction?  MoneycontrolStrictly speaking, since the fee has been paid by the employer, it does not satisfy the condition of 'paid by the individual' and hence should not qualify for a ...
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance  CoinDeskThe Takeaway: The IRS' recent warning letters to 10,000 traders offer hints at what its forthcoming guidance on crypto taxes might say. While the letters are not ...
Should turning 65 exempt you from paying property taxes? This proposal would  AZCentralAn initiative makes the case that Arizonans should qualify for tax relief not by class or income but solely by age. If only backers had a good case.
Income Tax raids on Oberoi Realty group, its vendor Capacit’e Infraprojects  Economic TimesMUMBAI: The Income Tax (I-T) Department on Tuesday carried out searches at Oberoi Realty group and its biggest vendor Capacit'e Infraprojects for suspicious ...
Don’t Ban Assault Weapons—Tax Them  The AtlanticThe nation is debating what to do about assault-style weapons, what gun-rights advocates like to call modern sporting rifles. Gun-rights champions argue that ...
How to show your trading and F&O income in the tax returns?  BusinessLineBL Research BureauFor traders, aside from predicting the stock market, reporting income from intra-day trading or Futures & Options (F&O) in the tax ...
Atlantic City taxes, Airbnb property concerns aired at council meeting  Press of Atlantic CityATLANTIC CITY — Concerns and frustrations over a surprise tax increase on property owners as well as code enforcement of sober-living homes and short-term ...
Tax terrorism: Embedded in laws & practice  Business StandardRead more about Tax terrorism: Embedded in laws & practice on Business Standard. Blaming tax officials will not help us get to the root of the issue.
How to get the most from this tax-free source of retirement income  CNBCRoth IRAs and Roth 401(k) plans aren't your only sources of tax-free income in retirement. Say hello to so-called permanent life insurance — a policy with an ...
Facebook, Amazon and Google call French digital tax discriminatory and retroactive  FirstpostThe proposed three percent tax on total annual revenues of companies that provide services to French consumers applies only to the largest tech companies.
Senior Citizen Day: TDS and other tax benefits available exclusively to senior citizens  The Financial ExpressFor income tax purpose, a senior citizen is an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year.
Govt looks to exempt foreign portfolio investors from higher taxes: Report  LivemintNEW DELHI: The government is likely to exempt foreign portfolio investors (FPIs) from an increase in taxes that was part of the budget, news agency Reuters ...
Amazon is passing along costs of a new digital tax to thousands of French sellers  CNBCAmazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.
Julián Castro would boost taxes on wealthy to expand family programs  POLITICODemocratic presidential candidate Julián Castro today rolled out a plan to boost taxes on the wealthy and expand or create a host of federal programs for low- ...
You might need to maintain tax returns records for seven years  LivemintIn today's digital age, income tax records can be maintained at little or no expense for long periods of time in a digital format. However, it is important to know the ...
Added Import Taxes in USA will Only Help Samsung, Tim Cook tells Donald Trump  News18US President Donald Trump has praised Apple CEO Tim Cook for "making a good case" that tariffs on China will help Samsung gain more as it is based in South ...
Trump sues over California law forcing candidates to turn over tax returns  CNNPresident Donald Trump sued California Tuesday challenging a state law that requires candidates for president to disclose income tax returns before they can ...
House Democrats say whistleblower bolsters case for getting Trump's tax returns  POLITICOA whistleblower recently made “credible allegations” to the Ways and Means Committee of potentially wrongful interference with the IRS' presidential audit ...

Tax Tips - Which Tax Form Is Right For Me?

IRS Tax forms can be confusing.Am I a 1099 or... Read More

Small Business Tax Issues for Self-Employed Individuals

The United States is a nation of entrepreneurs. There are... Read More

Need a Copy of Your Tax Return Information?

Taxpayers have two easy and convenient options for getting copies... Read More

How to Check the Status of Your Tax Refund Online

So, you were pleasantly surprised to learn that you are... Read More

Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000

Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More

Slash Tax when Buying a Business

When buying a business, how the "purchase price" is made... Read More

Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!)

We all love to criticize the IRS, don't we? And... Read More

Car Donation: An Easy Way to Support Your Favorite Charity and Get a Tax Deduction

Most people look forward to getting their tax return, but... Read More

How To Get An Instant Pay Raise

As a gentleman was leaving my class recently, he wanted... Read More

Employment Taxes ? What Are They?

If you have employees, you are responsible for paying a... Read More

How to Donate Your Car to Charity and Get Tax Deduction

Donating your used car to charity is a win-win situation;... Read More

How to Maximize Your Home Business Tax Deductions for 2005

Someone once said, 'the best way to calculate your taxes... Read More

Tax Trap #2 -- Double Taxation: Isnt Once Enough?

Have you been thinking about incorporating your small business or... Read More

Business Tax Deductions

As we enter mid-March, taxpayers begin to become very interested... Read More

Insider Guides to IRS Audits!

Ever wish that, as a business owner, you knew exactly... Read More

How to Reduce the Estate Tax Using the A-B Revocable Living Trust

In a past article I relayed the plight of the... Read More

Small Businesses: Company Car Vs. Personal Mileage Reimbursement In Hurricane Katrinas Wake

With gas prices at an all time high before Hurricane... Read More

2005 Ford Escape Hybrid Certified For Clean-Fuel Deduction

If you are environmentally conscious and purchase a 2005 Ford... Read More

What You Need To Know About Taxes If You?re Getting Married

It may not be high on the list of wedding... Read More

Small Businesses Filing Amended Federal Tax Returns to Recover Money

Small Businesses Filing Amended Federal Tax Returns to... Read More

Tax Time Tune Up

Excerpted from the new book, "How to Do Space Age... Read More

Understanding Marketing Tax Deductions

Marketing is a necessary expense in running practically any business... Read More

The Implications of Income Tax Charge on Estate Planning

OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon... Read More

Tax Help Secret: Avoiding the Entreprenuers Curse

Your days as an entrepreneur and businessperson are consumed with... Read More

Small Business Tax Deductions for Year End 2004

As a small business owner, it's wise to familiarize yourself... Read More