ReleaseWire

In order to reduce public deficit this year, the Spanish government has introduced provisional measures to the Corporate Income Tax. Read the complete Press release to know more about the introduced provisional measures.

A lot of small business owners feel bogged down by the increasing amount of paperwork that gets thrust upon them. It’s hard enough to deal with the everyday financial affairs of a company without also having to worry about bookkeeping, the company payroll and the preparation of Business Activity Statements every quarter.

Due to the economic crisis, many companies are trying to reduce costs in whatever way that they can. More and more international companies are realizing that, by using Cyprus as a base for international tax planning, they can benefit from a very low corporate tax rate of 10% — currently the lowest corporate tax rate in Europe. Investors are also discovering that they can use Cyprus as a vehicle to optimize after-tax profit on global investments. Everyone in the business world has been talking about Cyprus, and legal firms that know the intricacies of tax law in Cyprus are in high demand. Therefore, websites like pmcorporatelaw.com have been getting a lot of attention from business owners and investors alike.

Fundamentally nothing has changed the legislation surrounding IR35 remains the same as it always has. The tests merely appear to simplify the early stages of any potential investigation, contractors, freelancers and other Limited company owners who may be affected by IR35, still need to provide evidence/information demonstrating the necessary level of control and financial risk that is inherent in running any legitimate Limited company.

India’s Central Board of Direct Taxes (CBDT) in a recent notification has provided detailed information that foreign companies with representative or liaison offices must provide to tax authorities in accordance to a 2011 tax law amendment.

EzW2, the W-2 preparing, printing and e-filing software from halfpricesoft.com is known for affordability and ease-of-use. For this 2012 tax season, Halfpricesoft.com launched the new $39 basic version W-2 software for small business users. This edition can print unlimited W-2 and W-3 forms on white paper with laser printer. The laser substitute forms of W-2 copy A and W-3 are SSA-approved.

“Parents face tax bill over nannies” (Sunday Times), “Taxman out to catch the family nanny” (Daily Telegraph), Tax crackdown on parents who pay the nanny in cash” (Financial Times) – these are the headlines that grabbed our attention last week following a decision by the Government to provide more money for HMRC investigations targeted at households who employ a nanny as part of a crackdown on “evasion, avoidance and fraud”. This follows evidence that suggests than many parents are not declaring their nanny’s salary or topping up the declared salary with untaxed cash payments. HMRC estimate that a fifth of nannies surveyed in a report were not having the relevant nanny tax deductions made.

Legal 1031 Exchange Services, Inc. announced today that through the efforts of its president, Todd R. Pajonas, a bill to safeguard investors who utilize an IRC §1031 tax deferred exchange was introduced in the Connecticut legislature as H.B. 5415.

As research and development tax credits specialists for UK businesses, RandD UK Ltd is spreading the word that many businesses are missing out on significant tax relief via R&D tax credits from HMRC. The company assists UK businesses to identify and apply for R&D tax credits that can save very significant sums of money.

The new edition of ezW2 now includes e-filing capability so users can easily file W2, W3, 1099 and 1096 tax forms electronically. Software developer Halfpricesoft.com announced the inclusion of this new feature with the release of ezW2 software for Year 2012 tax season.

The Company Registration India has been offering service tax registration and limited liability registration with the help of many in house expert lawyers and these services are available at a very reasonable price.

Business owners and HR managers who need to prepare both W-2 and 1099 forms can try out the new ezW2 software from Halfpricesoft.com. The new 2012 ezW2 software allows users to print unlimited W2 forms for employees and unlimited 1099-misc forms for contractors at just $39. EzW2 users can now set up unlimited accounts, add limited recipients and print unlimited forms with no extra charge.

Payroll tax software developer Halfpricesoft.com (http://www.halfpricesoft.com) released the new 2012 ezPaycheck software with the updates on Form 941 for Employer’s QUARTERLY Federal Tax Return. The latest version is 3.2.8.

Singaporean and international start-up business owners have been taking notice of the dedicated and professional services provided by BizCorp, a Singapore-based business incorporation and CPA firm. Most noted for having experience in the oftentimes confusing process of company formation and incorporation, BizCorp’s highly qualified professionals are available to help every step of the way.

Payroll tax software developer Halfpricesoft.com updated the 2012 ezPaycheck small business payroll software for California users. The new updates include:

The latest frontier for personal finance is the web. Sites promising cash advance loans have been popping up across the internet by the hundred. As people flock to apply for loans online, thousands of American’s are left stuck due to the strict documentary requirements of these lenders and their need for information to be provided via fax.

Chris Hooper and Markus Cirillo have returned from a half yearly strategic retreat in Brisbane with some big news and even bigger visions for the firm.

Cherry, Bekaert & Holland, L.L.P. (CB&H), one of the nation’s largest public accounting and consulting firms, has announced that Todd Batchelor has joined the firm as Partner. The latest addition to CB&H’s growing Financial Services Group, Batchelor has served clients ranging in size from de novo startups to holding companies with assets in excess of $30 billion. A certified public accountant with more than 17 years of experience, Batchelor will assist and advise clients in all phases of accounting and financial reporting.

With tax time just around the corner, the field of accounting is at the forefront of many news stories and articles. People who earn a masters in accounting can typically pursue a variety of interesting and fulfilling career choices including working as a consultant, public accountant, tax accountant, and more.

Offshore-Gateway.eu is now live online, following 12 months of development. The web platform is an initial point-of-contact for professional services via Cyprus, including company formations, tax planning, wealth management and international banking.

Sandra Abalos, managing partner of Abalos & Associates, PLLC, has announced that she and tax partner Barry Friefield were delegates to CPAmerica International’s 2011 Tax Conference held in Scottsdale, Ariz. on Nov. 2-4. The meeting is an annual event sponsored by CPAmerica, which brings together partners from member firms across the United States for networking, member sharing and continuing professional education. The agenda for the event included a variety of outside speakers and topics, including: advanced S-corp, passive losses, estate and gift, updates on cases, rulings and procedures from 2011, and member sharing.

From 6 April 2012, HMRC have greater powers to help ensure that employers pay their PAYE tax deductions or Class 1 National Insurance contributions (NICs). The new powers will allow HMRC to obtain a security from employers where there is a serious revenue risk as a result of non-payment of employees’ income tax and NICs.

ezPaycheck payroll software is loaded with intelligent, intuitive features, but not burdened by complicated suites of expensive applications small businesses will never use or need. The software is ideal for owners of small to mid-sized businesses in Pennsylvania, and was designed and engineered for ease-of-use by those who have only basic computer skills and little accounting know-how.

VN Accounting Solutions, Brampton based Accounting firm working with small to medium sized businesses, has introduced a slew of new financial services at their Brampton office including insurance and investment products.

Accelcia Business Services announced the launch of a “Virtual Controller” Practice with several controllers deployed at its clients. “We are an early stage company where substantially all of our resources are focused on product development and expanding our customer footprint," said Ed Baker, CEO of Friend.ly, one of Accelcia's launch customers.