Charles de Lastic, Managing Director of Bluebond Financial Planning, explains some of the financial planning areas to consider when gifting money to your children. Charles is a financial adviser in St Albans. As the inheritance tax (IHT) nil rate band is now frozen for at least 4 years, it seems that more and more …
Read more »When we pass away, the majority of us leave behind a relatively large and complex web of assets and liabilities, which includes funds, our home as well as our other possessions. In many areas, there arises a liability to tax on passing away of a person that must be paid for from the totality of …
Read more »If you have children who are under 17 as of the end of the tax year, you can get a $1,000 tax credit per child on your tax return.Because this is a credit, not a deduction, you get to take those dollars right off your tax bill. That makes this much better than a deduction …
Read more »Maybe you’ve heard about some of the other eco minded credits that are available. There are many for improving the efficiency and cleanliness of your home, and as you may or may not know, there are also many federal incentives concerning automobiles. Specifically, hybrid and alternative fuel vehicles. If you bought a new alternative …
Read more »Are you wondering what your refund will be for your federal tax return this year or how much you’ll owe the IRS? There are estimator’s online that will estimate your taxes. By entering in very simple information generated by an online service you can see what to expect for your return. It only …
Read more »If your looking to calculate your taxes owed or potential refund amount there are online services available that are updated with the most recent tax bracket tables for you to determine your tax liability. By entering in some basic information, these services will do the math for you. In a few moments time you …
Read more »The personal income tax is a tax that is intended to make those with higher incomes pay the amount of tax that they should to even out the tax liability for everyone else. It also tries to exempt the poor completely from having to pay personal income tax. How you claim your exemptions will depend …
Read more »Charles de Lastic, Managing Director of Bluebond Financial Planning, explains the benefits of paying a fixed fee for financial advice. The way in which independent financial advisers are traditionally paid is slowly, but surely, dying out. That’s to say on a commission basis. What’s wrong with commission? Payment in this way has led …
Read more »An income tax refund loan can provide you with immediate funds based on your tax return. Things you need to know: There are a few things you may want to consider when thinking about borrowing against your tax return. You must be willing to pay a considerable amount in fees and take the risk …
Read more »You can reduce your tax debt if you qualify for the child tax credit.The federal government recognizes that caring for children or a dependent can be a financial burden, and may allow you a tax credit on your income tax debt. If you have children or a dependent that you pay someone else to care …
Read more »