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Optima Tax Relief Basics: Founded in 2011, Optima Tax Relief helps you resolve your tax debts with the IRS and/or state tax agency. Pros: The company appears to have qualified tax professionals on staff and has some good reviews on legitimate websites such as the Better Business Bureau. Con...
(Note: For YA 2023, parents can claim up to RM3,000 tax relief for childcare/kindergarten fees per child aged six and below. Initially RM2,000, it was raised under the PENJANA stimulus during Covid-19 and extended to YA 2024 in Budget 2023 by Datuk Seri Anwar Ibrahim.) Education Suppo...
also known as Double Taxation Avoidance Agreements (DTAs), outline the rules for determining tax residency, allocating taxing rights, and providing relief from double taxation. The treaties cover various types of income, including dividends,
The Spring Budget of 2023 has brought about two new capital allowances to reduce the financial burden on companies, who will soon face an increase from 19% to 25% in the corporate rate come 1 April 2023. The plans are expected to last for the next three-year, with the aim to become ...
HMRC has updated its guidance on research and development (R&D) tax relief for the recent First-tier Tribunal (FTT) decisions of Stage One Creative Services Ltd and Collins Construction Ltd. ICAEW’s Tax Faculty summarises the changes and gives its view. Exclusive Difficult times ahead for ser...
China extends, improves tax relief policies for businesses Tax payers get tax refunds for small and micro enterprises in Tianjin, north China, April 1, 2022. (Xinhua) BEIJING, March 28 (Xinhua) -- China has extended and improved a raft of preferential tax and fee policies, according to ...
Tax personnel introduce tax preferential policies to a financial worker at battery manufacturer SCUD in Fuzhou, southeast China's Fujian Province, Feb. 7, 2023. (Xinhua/Wei Peiquan)BEIJING, Nov. 27 (Xinhua) -- China strengthened several tax and fee relief measures to support the development of...
John Hendrickson of the Iowans for Tax Relief Foundationrecently wrotethat, “During this past legislative session, the legislature enacted an $8.5 billion budget for fiscal year 2024… This was only a slight increase from the $8.2 billion fiscal year 2023 budget.” And six months agohe and Va...
You can claim R&D tax relief retrospectively for your previous two accounting periods. For example, if your accounting year end is 31 December 2023, you have until 31 December 2025 to submit your claim. This means you can submit an amended tax return for a previous period within the last tw...