Category Archives: Tax and Insurance

Travel Insurance Fraud The Consequences

Travel Insurance Fraud The Consequences

Rebecca and Shanti were both honest law-abiding citizens with law degrees from Sussex University, so it came as something of a surprise when they were recently arrested in Brazil for committing holiday insurance fraud. The two girls allegedly told the police that thieves had stolen around 1,000 of their possessions, including a camera and laptop computer. However, officers became suspicious of their calm demeanour and the fact that it had taken the girls days to report the alleged offence.

The police subsequently demanded to see the girls lodgings, where they claim to have uncovered all the possessions which the girls claimed had been stolen en-route to Brazils Iguassu Falls. Rebecca and Shanti could face up to five years imprisonment if they are found guilty of committing holiday insurance fraud in Brazil, and this sentence is actually quite lenient when you consider some of the punishments that they could face if they had committed the crime in a different country.

In England, tourists face up to 10 years imprisonment as a result of making fraudulent holiday insurance claims. This sentence could even be on top off additional penalties, such as repayment of the amount you claimed and compensation to your travel insurance company. You would have thought that the prospect of a ten year prison sentence would put most people of committing travel insurance fraud, but last year 4,300 dishonest claims worth 5million were made through holiday insurance companies in the UK alone.

Overseas police forces and travel insurance companies, have now started to get increasingly more vigilant about holiday insurance cheats, a policy which no doubt led to the arrest of Rebecca and Shanti. Details of fraudulent travel insurance claims have now been kept on an industry-wide database, which will be accessed by the Financial Services Authority and insurance companies. This means that anyone caught trying to commit holiday insurance fraud will now automatically face higher insurance costs and have difficulty obtaining other insurance cover, such as home insurance. On top of this, attempting to commit travel insurance fraud may also impact on your credit rating, which would make it more difficult to obtain goods or borrow money in the future.

It is reported that 75,000 Britons have at some point in their lives committed holiday insurance fraud, either by making a false claim or by exaggerating an existing one. Records from travel insurance companies show that Britons lose more Louis Vuitton luggage abroad than is actually ever sold in the UK.

So many fraudulent claims, however, could see the end of cheap travel insurance, as holiday insurance companies may need to put up their prices in order to make up for the losses that they may incur.

Rebecca and Shantis Brazilian sentence may have seemed tough, but if the girls had attempted to commit holiday insurance fraud within the UK then they would have risked a much stricter sentence.

Resume Objective for Position of a Tax Revenue Collector

Resume Objective for Position of a Tax Revenue Collector

As you are aware, the objective is the hitting sentence of your resume. It tells about your career goal and how the prospective employer will get benefited if he selects you as a candidate. So resume objective should be specific for particular job profile. Resume objective for position of a tax revenue collector needs to be written considering various demands of the job

Once you are cleared with various roles revenue tax collector has to undertake, you will be clear about how to write various sections of the resume of the tax revenue collector. Resume objective samples are readily available. So consider the activities and write the resume objective accordingly.

Job Demands of a Tax Revenue Collector
Tax collection from people as well as business professionals
Maintain the records, procedures, code changes, accounting procedures. It ultimately is associated with working on financial information
Take care of the issues related to tax returns and problems associated with it. If any of the legal issues are raised, plan the line of action or work on the line of action to get out of the litigation. Attend casual appeals hearings on contested cases from other co professionals
Coordination and communication with the tax payers to inform them the procedures, details payment related issues or issues related to refund. Inform the tax payers about overpayment or underpayment
Pursue all the activities related to tax returns, i.e. to fill up the related information, process the information etc.
Broadly speaking the tax revenue collector deals with taxes, excise and sales tax returns

There are many other activities the revenue collector has to undergo. It is mentioned in the job requirements or job profile. Go through what the prospective employer wants. Understand which sector you are supposed to be more active in? It may be sales tax, excise or income tax. So resume objectives will differ depending upon the sector in which you are looking for a job.
You can refer resume objective samples on the internet and can write the objective that can create an impression at a glance. In other words you may say that it is the decision making statement whether the prospective employer would spare time to read your resume further or not. So beware a good objective statement can make or break the path

How to Find a Good Tax Consultant

How to Find a Good Tax Consultant

A Good Tax Consultant brings forth different ideas for tax refund. Tax Consultants increase the income of their clients by telling them the ways to save the amount that if not saved will go in taxation. The government has launched many policies from which the investors are sure to gain a lot. People are generally unaware of these policies and places where they can invest and maximize the refund on tax. Getting Tax deduction is the priority of every person, but most of the times, negligence leads to a situation of loss. To make people aware of different policies and to tell the ways to get the tax refund, Tax consultants are playing a major role.

It is not that only those who are not very strong financially or those, who intend to make money by wrong methods avail the services of Tax Consultants. Individuals and companies in Tokyo are going for the services of Tax and Consulting Firms, which offer various ways to get tax deductions. Top Accountancy Firms In Tokyo offer valuable services for retirement strategy, and the ways to increase the income by enjoying tax deductions. There are innumerable Tax & Consulting Firms in Tokyo and making the selection of the Consulting Group, which offers distinctive Tax and Consulting Services to every client, is not easy. Here are some of the tips to zero in on Top Tax and Consulting Group Tokyo:

People need to be clear whether they require the service of a tax consultant or a CPA. If the tax situation is very complex, a Certified Professional Accountant is the best person to consult. For general tax situations, Tax Consultants are the best.
To know the complexity of the tax situation, individuals and organizations need to go through the tax returns filed in the last few years. Along with the filing of tax returns, the attached schedules and documentation are also to be referred. Once people are aware of the complexity of their tax situation, then the decision of hiring a Tax Consultant becomes easy.
Taking reference from a trusted friend or other sources helps in finally zeroing in on the best Tax and Consulting Firms In Tokyo. The reference for Tax Consultants can also be taken from other companies having a similar nature of business.
It is better to meet the Tax Consultant before making a final selection.

When looking for Tax Consultants Tokyo, it is advised to look for those Tax and Consulting Groups which work with an astute planning for dealing with different situations. One should also take care that the Tax Consultant who is finally hired has complete understanding of taxation and also adheres to all statutory taxation laws in Tokyo.

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Dynamics Gp Partner Newsflash Tax Tables Update Service Overview

Dynamics Gp Partner Newsflash Tax Tables Update Service Overview

Microsoft Dynamics GP, formerly known as Great Plains Dynamics and eEnterprise US Payroll module requires periodic payroll tax rates update. For large number of employees in your organization, especially when you have locations in multiple US states, you probably want to do quarterly tax update. If you are current with Microsoft Business Solutions annual support plan, you have access to Payroll Tax update utilities through your GP Customer Source. If you are no longer enrolled in annual support plan, you should check with your current Dynamics GP VAR if your current Great Plains version is still supported and you could receive Tax Updates from your GP Reseller. In this small publication we would like to give you the idea on limited payroll tax update service for old versions of Great Plains Dynamics GP:

1.Payroll Tax Rate Tables in Dynamics database. Tax rates are stored in system database of Great Plains, which is Dynamics. So, updates is done only once on the system level, and it should take effect immediately for all your companies

2.Limitations of Tax Update for old versions. GP versions 8.0, 7.5, 7.0, 6.0, 5.5, 5.0, 4.0 and earlier are no longer supported by Microsoft and Payroll Tax update download is not available for these versions. However, you should expect that some of the States changed their Tax calculation formulae and it is not possible to use old formulas, incorporated in Dynamics.DIC business rules logic. At this time we are aware about Missouri, so if your employees are there, please consider reenrolling to MBS support plan and upgrade your Dynamics GP to supported version 10.0 or 9.0. The other option would be to request GP Dexterity custom programming to update Tax Calculation formula in your old Great Plains version

3.Tax Rates Update Technology. We do understand your situation and we copy current tax rates to custom table and then from there we update your outdated tax tables in Dynamics database. This procedure typically requires four hours of Great Plains Technical Consultant time

4.Tax Update for Pervasive SQL and Ctree databases. This update requires some help from your IT department. Our preferred method is to use Microsoft SQL Server 2000 Enterprise Manager, create Linked Server to your Pervasive SQL or Ctree database, and update tax tables through heterogeneous SQL Update statement. If this is your case, please budget eight hours for the procedure. A bit more exotic case is when you host your Great Plains in Mac Faircom Server (Ctree)

Importance Of Product Liability Insurance In Businesses

Importance Of Product Liability Insurance In Businesses

Product liability insurance covers businesses from claims against injury, illness, or a loss caused by use of their products. In the realm of product liability insurance, product is defined as tangible goods which are sold or given away. A product supplier or manufacturer is duly responsible for any damage that his product might cause to a consumer.

If a product causes damages or injuries, the consumer can bring a claim against the supplier. It does not really matter whether he is the manufacturer or not. For instance, if you have an eatery and the food served leads to the death of more than fifty people, the product liability claim will be huge. As much as the conventional logic holds the manufacturer responsible for a defect, it’s quite hard to prove it.

The risk magnitude, claim and premium are ascertained through various ways such as the customers purchasing the product, how it was used, and warning labels that the product has. The product liability cover guards a company against any unanticipated circumstances that may cause damages or injuries to the product users. In case a person manufactures inferior items, there is no insurance cover that can protect him. For a manufacturer, the cover is massively important; just a small defect could make a firm be a target for big claims.

Manufacturers should look for product liability packages that cover all manufacturing quality, indemnity costs, safety claims and others. They can also lower the premium costs by taking some measures in advance. These measures must however be disclosed to the insurance company.

Product liability insurance is there for the wider benefit of the business. There are occasions when a general liability insurance policy includes product liability although a business sometimes has to get a specific product liability cover. This type of insurance is so critical because the business of providing products to a customer is very risky, more so if the product can become defective and cause injuries or property damages. Whether a business is the distribution, manufacturing, retailer, intermediary, refurbishing or any other component of the distribution chain, the risk of product liability claims is quite high.

Rather than face lawsuits, legal claims or any other legal expenses, which can really devastate a company and make it run out of business, firms are encouraged to take product liability insurance. This is an aid against any consumer debacles that may arise on the legal front.

Tax Debt & Bankruptcy

Tax Debt & Bankruptcy

Generally, Minneapolis bankruptcy attorney advocates that if you owe debts to the Internal Revenue Service or other State’s equivalent agencies, the debt is not dischargeable in bankruptcy but for very particular circumstances concerned. In case of bankruptcy Chapter 7, a complete discharge of allowable debts is possible whereas in bankruptcy Chapter 13 a payment arrangement is designed to disburse some debts while the remaining debts are discharged. In the bankruptcy laws, usually the tax debts are taken care of in the same manner as in both bankruptcy Chapter 7 and Chapter 13 petitions. The majority of tax debts cannot be discharged in bankruptcy says Minneapolis bankruptcy lawyer. A bankruptcy petitioner who has tax debts has to essentially fulfill the required five criteria for discharge and the majority of people are not able to fulfill these criteria.

All tax debts are related to a specific tax return and tax year keeping that in consideration the bankruptcy law has laid out specified criteria in relation to how old a tax debt can be explains Minneapolis bankruptcy attorney.

If the income tax debt of a petitioner fulfills all of the five rules, then that tax debt can be discharged in Chapter 7 and Chapter 13 bankruptcy petitions. The Five Rules to Discharge Tax Debts are listed here: 1. The due date is at any rate three years ago for filing a tax return. 2. The tax return has been filed at any rate two years ago. 3. The tax assessment done is at any rate 240 days old. 4. The tax return has not been fraudulent. 5. The taxpayer has not been at fault of tax evasion.

Some ‘Tax Debts’ are ‘Not Dischargeable’ according to Minneapolis bankruptcy lawyer such as the tax debts arising from unfiled tax returns. The IRS customarily reviews tax on unfiled returns. However, only if the taxpayer files a tax return for the year in question such tax liabilities cannot be discharged.

Prior to a Chapter 7 or Chapter 13 bankruptcy is granted, the bankruptcy petitioner needs to provide evidence that the four preceding tax returns have been filed with the IRS and not after the date of the first creditors’ meeting in a bankruptcy case as well as offer a copy of their most recent tax return to the bankruptcy court.

About the author:

Richard writes for the legal and bankruptcy law website Minneapolis bankruptcy help. The law firm has an enviable track record of helping companies and individuals file for bankruptcy protection successfully. For any of your bankruptcy problems meet their and get rid of your financial woes.

Tax Filling Cupertino Tedious And Stressful Task To Manage

Tax Filling Cupertino Tedious And Stressful Task To Manage

The Tax filling is an important part of any country’s formation and it also helps in building the economy of a country, so as a wise and responsible citizen it is required that we all pay income tax at the end of each financial year to get the best services by the government and for the growth of the country we live in .in the filing of the taxes Bay area accounting firms will help you for your taxes .these firms charge you but in return you do not have to take all the stress of managing all the documents and to see which type of tax is applicable to you , as managing all the receipts and documents all the year round and their calculation according to new rules and regulations is not easy, you may make a mistake.

The tax filling firms do all these tasks for you, even when you have any doubt they are always available . there are also various types of taxes like individual tax, corporate tax and many other and you may not have any idea how to calculate them so can help you with this. They prepare all the documents for you and make it in such a way that you have to pay the least tax taking in care all the tax deductions and exemptions you are entitles for. If you are managing a big firm and business then it is the most tedious thing to manage accounts an all the documents. While entering the data it must be taking care that not a single wrong entry is made, for your corporate tax filling you need a big and experienced firm having enough people to help you.

You must see to it while choosing a firm that they have good reputation and they provide timely services as it is a time consuming job and you need to file your tax on time.Also as an business , you must choose such who have through knowledge of all the rules and of managing accounts so that you get the maximum benefit while filing your corporate tax. Your accountant have to manage the balance sheets and ledger sheets very properly and maintaining the credits and debits. As a business firm you must take care of your profit and loss and the rules and benefits you are entitles to.

The Medical Insurance Phenomenon

The Medical Insurance Phenomenon

If you are driven with the notion that you can buy medical insurance when you are about to be hospitalized, then you are wrong. Medical insurance India generally covers an unexpected event; so, you cannot buy one to meet your existing expenses. But after being insured, if you get hospitalized, the insurer does take care of the expenses. Get a medical insurance cover right from teenhood and continue the same throughout your life. This way you will be continuously and sufficiently covered in case of any eventuality. For every claim free year you do get discounts; by the time you reach a particular age, you pay only a very negligible amount and the benefits you avail cannot be measured. Children get automatically covered in a family insurance plan.

Most companies provide health insurance to their employees; if you are a fortunate part of that section, you are automatically rewarded. But if you have a family, you should find one that is adequate to your familys needs. Do look for the critical ailments covered as well as the network hospitals. If you are not cautious you may end up spending a lot of money for a particular treatment because the same is not covered in the policy. Moreover, switching your job will make your health insurance invalid. And if your new company does not provide medical insurance online facilities, you should immediately buy one and stay safe.

The online phenomenon has been influencing millions of lives since the time the Internet was introduced. Today, online shopping takes less time and is effortless and convenient; medical insurance online is no exception. You can compare medical insurance policies offered by different insurance providers and accordingly choose the right policy. EIndiaInsurance.com is a platform for online medical insurance in India; thousands of buyers prefer this portal to buy medical insurance policies. The uniqueness of this online site is the enlistment of a number of insurance providers and running a unique web comparison tool facilitating buyers to compare insurance policies and get quotes instantly. You can buy one right at this platform using a credit/debit card or even a cheque.

Doing Taxes Online Is Easy Pay Taxes Online, Save Time And Money!

Doing Taxes Online Is Easy Pay Taxes Online, Save Time And Money!

Every year, when the tax time approaches nearer, most taxpayers get annoyed because of the complex process of paying taxes. And this is one of the reasons why many prefer getting it done by someone else on their behalf for avoiding the pain. As the technologies have advanced, more and more people are turning towards the internet and computers to make the task quicker and easier. Yes, you can prepare and file your income tax return on the internet more quickly and conveniently. So, why not doing taxes online for your benefits and become free from worries mentally that you have to pay your taxes in due time?

When you finally choose to do it online, the most common and convenient way to prepare your return is to do it with the help of software. You can buy software and install it in your computer before you start doing it on your own. It is one of the most common ways of preparing return file on the internet for years. You have another alternative for performing this task on your own. And the option is you can prepare your return, print it at your convenience and e-file it using your computer with internet connection. If you do not have complicated tax and you just have to do one, then it is the best option for you.

Whether your taxes are complex or simple, you can do it easily online and perhaps, the majority of the people have been gradually opting for this online method of filing their return. The IRS has started a program called FreeFile which put emphasis on the convenience, easiness and advantage of online filing method. This FreeFile program is offered by the IRS partnering with several reputed tax preparation companies facilitating the taxpayers with preparing, printing and e-filing federal income taxes for free of cost. It is the most preferred way by all for doing this task and getting refunds as little as ten days via direct deposit option.

When you begin doing your taxes on the internet, you do not have to worry about the process whether you have knowledge of it or not. You just require following some easy interview-type processes whereby you will need answering simple questions regarding your expenditure as well as you income. The online tax forms will be filled up the way you go on putting the right information asked by the program on the internet. Within just few minutes, you will be able to complete preparing your return file accurately!

IRS or State Economic Hardship Specialist – Tax Help the General Public Can Count On

IRS or State Economic Hardship Specialist – Tax Help the General Public Can Count On

DWK Tax Group announces its new, -Paycheck Protection- program allowing the delinquent taxpayer the ability to earn at their full potential. Get a Wage Levy / Garnishment stopped in 24 to 48 hours.

Dealing with the IRS or State taxing authority can be problematic for the everyday Joe, either personal and or, business.DWK Tax Group and it’s no non-sense team of tax attorneys, enrolled agents, tax preparers and mobile bookkeepers keep individuals and business owners on point, provide advice of clarity and rectify any and all back tax shortcomings thoroughly.

Is the IRS leaving business cards on your door step or windshield wiper blades at the place of business? Are notices of intent to levy or threat of seizure starting to stack up and confronting the tax issue has taken the stress level to a new high?

Same day tax relief is what DWK Tax Group provides in spades. Citizens seeking swift tax relief settlement are not the exception, but the rule. DWK’s renowned customer service reputation is surpassed by none. Standard procedure requires same day email replies, same day client call back, client case file awareness and transparency. Service, service and more service is all that a client desires and DWK tax aims to please with tenacity.

First order of business is to understand the current financial condition of the potential client in question. Fixed income individuals, court ordered judgments and student loan borrowers are a few factors need to be identified, cross checked and applied to a to a formula to ascertain the tax relief degree to be realized. DWK Tax Group will go back in time, as far back as required to ensure aggressive IRS or State collection efforts are stopped.

Call 1 – 8 6 6 – 2 2 6 – 6 1 0 2 for a forensic tax analysis to assess the level of tax relief to be had. DWK Tax Group will only accept the case if the struggling taxpayer’s stands to reap a long term benefit of real tax representation. Affordable, flat fee pricing with in-house financing is available if necessary.

Additional information sought can be found at .

Contact Andrew Hatchie Jr. IRS Enrolled Agent 866-226-6102 ***@dwktaxgroup.com