Top accountants squabble over tax avoidance morality

When David Cameron described comedian Jimmy Carrs use of the K2 artificial tax scheme as “morally wrong”, little did he know that he was kicking off a debate which is now going direct to the heart of the accountancy profession. Much of this has centred on comments made by the Chief Executive of the Institute of Chartered Accountants in England and Wales, Michael Izza, both on his blog and in an interview with the Financial Times.

The core issue revolves around the traditional notion that tax avoidance is legal while tax evasion most certainly is not. Mr Izza feels that this no longer washes with the general public who are increasingly focusing on the morality rather than the legality of tax avoidance devices. He wants his colleagues in the accountancy profession , particularly those who aggressively promote extreme tax-avoidance schemes like K2, to start looking at themselves in the mirror and asking themselves whether individual measures pass what he calls the “smell test”.

The fact is that most people take advantage of tax avoidance at some point in their lives. Every time anyone contributes into a pension scheme, they are effectively reducing their Income Tax liability. The same can be said of people who invest money in tax free ISAs or employ their wives as “secretaries” when they never actually perform the role.

Mr Izzas basic contention is that accountants and their clients effectively cross the line when they use artificial, clearly contrived tax avoidance schemes such as K2. However, many of his members do not share his somewhat sanctimonious views arguing that a good accountant will present his client with all the available options for legally reducing his tax liability and will then let the client make the final decision on which route to take. Anything less and the accountant might well be accused of professional negligence.

Another ICAEW member, Jason Selig, has an even more forthright opinion – “How is this a moral question?- there is no “right” or “wrong” about paying tax ” he insists.

Of course, many experienced clients of accountancy firms will most likely view all this hair tearing by the profession with complete indifference in the full knowledge that there have always been those accountants who effectively work for the Revenue and those who work for their clients. The former like to play things exactly by the book avoiding anything that can remotely be described as “edgy”. They think that having a reputation like this results in all their clients tax returns being waved through without query. The latter group whom one might describe as specialist tax accountants are used to playing the game with the Revenue and have all the answers ready should anything be questioned.

It seems that in the world of accountancy and tax, as in most other fields, you pay your money and you take your choice.

Top Secrets for Commercial Debt Collection, Revealed

Are you a start-up and facing the problem of commercial debt? Have you given-up after repeated attempts to collect debt from a customer? If your answers to the above questions are yes, let me welcome you to the large family of small and big businesses that also suffer from the similar problem of commercial debt. But sometimes even the most hopeless of commercial debts can be collected. All you need is the right strategy and correct moves. Several collection agencies have been doing this successfully for many years. Given below are some top secrets of commercial debt collection revealed by Ranger Financial Services Richardson, TX:

You are more likely to catch the attention of the debtors, if you write to them in addition to giving them a call. If you call them for debt collection, there are high chances that your calls will not be answered and in rare cases when your call will be attended, they may have a bad attitude. Sending collection letters is comfortable for you and it will provoke debtors to think of debt payment instead of thinking of an excuse to give over phone

Ranger Financial Services Richardson, TX believes in the famous saying, tomorrow never comes. Therefore, ask your debtor to commit a specific date for payment. They may answer that the payment is in process and will be done any time now. Never trust them. Having a specific payment date will set deadline for clients and will make them answerable in case the payment is not done on that date.

Understand that your debtor is avoiding the payment because he may be in real financial trouble. Therefore, it is important to be cooperative with your debtor. Since you both share the common goal of payment of the commercial debt, communicate nicely with each other. Work together to make a repayment plan such as repayment in installments that will serve the purpose of loan repayment without too much of hassle.

Lastly, leave the hassle on the experts i.e. collection agencies. There are many small collection agencies that will help you collect a commercial debt for less than $30. This a very small price to pay if you have a big amount in stake. Ranger Financial Services Richardson, TX recommends hiring a good debt collection agency to collect your debt if you have failed to do so after repeated attempts. This way, you will not have to waste your time and still you can get repayment for your commercial debt.

Top reasons to invest in the stock market

There are a lot of reasons why people may want to invest in the stock market. Here are some of the top reasons why people think that playing the stock market is a great investment strategy:

1. Financial Freedom This is the main reason why most people are interested in the stock market. Some of us are not satisfied with our day jobs and are looking for an escape from the typical 9-5 workday. Others would just like to make some extra money. Investing in stocks can give you that financial freedom. In fact, many traders earn a living from just trading stocks. Day traders buy and sell stocks frequently, buying stocks when the prices are low, and making hefty gains when they sell at high prices. The downside is that as easy as it may sound, it is actually not that easy. There is a risk that you will lose money in the stock market. Not everyone can make money from investing in the stock market, especially if you just speculate. However, with the right amount of dedication and research, you may find yourself making money from investing and giving yourself that financial freedom.

2. Saving for Future/Retirement Instead of actively trading invest in stocks for the long term. This is the passive method of investing, where you buy certain stocks and hold it over time. This strategy is good if you dont have a lot of time on your hands. You still need to monitor your portfolio from time to time but you dont need to actively trade. For example, imagine if you had bought Google or Apple a few years ago and held it until now. Your investment would have skyrocketed without having the need to actively trade.

3. Diversification Investing in stocks is one method to keep a diversified portfolio. This is important because you dont want to keep all your eggs in one basket. Along with investing in bonds, mutual funds, and your 401(k) plan, stocks will help diversify your portfolio further. Diversification will allow you to reduce your risk by allocating your money to different investments. That way if one financial instrument is doing poorly, it wont impact your portfolio as much.

Reasons why people may want to invest in the stock market are not only limited to the ones I have listed above. There are actually many more reasons why others invest in the stock market. For example, some people just like to invest for fun and like the thrill of it.

Top Philippine Banks For Ofw

A bank account is very important for OFW since it will be the account where the money will be sent from abroad. Opening a new bank account can be hard since you do not know which bank is the best for your criteria. There are really many banks in the Philippines so selecting one is not easy. In this article, you can learn which bank to use to send money to the Philippines.

1. Banco de Oro

Last year, Banco de Oro or commonly known as BDO held the highest portion of OFW remittances so it was named by Central Bank o f the Philippines as the No.1 bank of OFW remittance. BDO has services that it exclusively offer to OFW and their relatives like the Kabayan savings account with only P50 initial deposit with no maintaining balance as long it will be used for remittance. Just like other banks, BDO has Internet banking, phone, mobile and ATM banking across the country.

2. BPI

Recently, Finance Asia awarded Bank of the Philippine Islands as the best bank in the country for cash management in 2009. BPI is my choice bank for sending money to the Philippines. It has the best care fo its customer and very quick in responding to their client’s needs.

3. Metrobank

Metrobank is a famousr bank in the Philippines and listed as a public company in the Philippine Stock Exchange. Last year, it belongs to the top five remittance bank of OFW. It has a wide network of branches not only in the Philippines but also in other countries like US, European countries, Korea and Middle East countries. Many OFW likes Metrobank because of its good customer service and plenty of branches all over the country.

4. Chinabank

ChinaBank ranks fourth as the largest universal bank in the Philippines by market capitalization. It is a member of BancNet, a famous bank organization in the Phlippines. Chinabank has many services through its 388 ATM and 248 branches across the country. One good benefit of using Chinabank is you can transfer money to other bank members of BancNet with just small transfer charge.

5. Union Bank of the Philippines

In the Philippines, Union Bank ranks seventh in the largest banks in terms of assets. It is a public bank listed in Philippine Stock Exchange. Union Bank is a partnership among the companies and government institution in the country. With its wide range of services, many people and OFW find Union Bank a good choice for banking and remittance purposes. You can send money to the Philippines using Union Bank by PayPal, through remittance partners and by bank to bank wire transfer.

Choosing a bank for remittance purposes depends on your needs. Almost all banks offer same services but you need to determine those which are customer-oriented and responds to client’s problems quickly.

Top Reasons Why You Need to Hire a Public Insurance Adjuster

Public adjusters are in demand around the world. Homeowners and businesses hire their services to get the best possible payouts as claims from insurance companies. Hiring the services of an insurance claims adjuster makes sense since insurance claims could be a tedious process. In order to remove the hassle from the process, people often hire their services. Let us take a look at some of the top reasons why hiring the services of a public adjuster is always preferable, rather than deal with insurance claims on your own.

The first and foremost reason why you need to use the services of a public insurance adjuster is to avoid time wasting. With the kind of hectic lives we lead these days, you can always leave the hassles associated with insurance claims to an experienced hand. Since public adjusters are experienced in this field, it would be familiar territory for them and they stand better chances for success and that too in relatively quick time.

are better placed to negotiate better payouts. You just need to go through some of the recent statistics to realize this fact. It has been proven beyond doubt that public adjusters obtain much better payouts than if the clients were to deal with the insurance claims themselves. One of the reasons for this could be the fact that the charges of an insurance public adjuster ultimately depends on the claim amount. They make sure that they get their clients the best payout for it ensures a better percentage for them.

An insurance claim adjuster would offer you in -depth analysis about your particular case. Remember they are out there to get business at the end of the day and would obviously like to impress you with honest work. With intensifying competition these days, it is not surprising to find many of them offering free initial evaluation services to their clients. Moreover public insurance adjusters are licensed professionals. Their credentials can be verified and it is up to you do some research on their experience.

A public insurance adjuster will make sure that all your damage is thoroughly analyzed. There may be cases when policy holders themselves may have overlooked certain types of damages. If you are looking for someone to thoroughly analyze all the damages, then it makes sense to hire the services of an insurance public adjuster.

Make sure that you hire the services of a competent public adjuster. A simple online search is all that you need to find an experienced public insurance adjuster. Another way to find a good one would be by talking to some of your friends or family members. They may know someone having dealt with an insurance claim in the past.

Top 10 Affiliate Products to Promote to Bank On

Very simply put, these top 10 affiliate products have been tested and proven to make you cash. Every one of these are instant pay outs from Paypal which means that when someone purchases one of these products under your affiliate code, you get paid instantly! Yes, INSTANTLY! You do not have to wait your typical 30 days until you see your profits. Good to know this, yes?

Without further delay, here are the top 10 affiliate products to fatten up your wallet. *Note* In order to have the links clickable, all you have to do is go to my site at the end of this article and they all will be there waiting for you!!!
After you click on the link and fill out the simple form, you will receive your special affiliate link and you will be ready to promote.

1. Turbo review writer
Our step-by-step fill-in-the-blanks process makes writing product reviews a piece of cake.

2. The truth about truck driving
know the truth, avoid the scams.

3. Graphics for Halloween
Brand new Halloween Mini site pack with extra graphics and comes complete with Master Resale Rights.

4. The Raffle Site Script
Boost Your Subscriber List Instantly.

5. Get paid by Fortune 500 Companies
Walmart ,Ebay, Amazon And Other Big Corporations Pay Me $8000+ Every Month For My Opinions.

6. The million dollar script box
Clone The Type Of Mind Blowing Success That The Owners Of Google, MySpace & YouTube Have.

7. Finding fortune on facebook
Did you know that Facebook is slowly becoming the next Google Adwords?

8. The Interactive Coaching Class
How To Develop An Idea For A Killer Product And Make Sure Itll Sell.

9. Bloggers Paycheck
A Complete Guide to Getting Paid Ridiculously Large Sums of Money For Writing About Something You Love.

10. The Ultimate Super Tip
The Ultimate Super tip and secret no one wants you to know about.
(This site Rocks!).. *Note* Just follow the instructions and read more about this site. I guarantee you will be drawn into this one! 🙂

Most of these sites WILL make you anywhere from $19.00 $100.00

Remember: Make sure you have a Paypal account because they will ask you for your Paypal email so that you get paid. And you do want to get paid, Right? lol. If you dont have one yet, you can create one here:

Paypal

“Good luck and may the force of making money be with you”

Top 10 Paypal Affiliate Sites to Bank On

Tax Accountant San Ramon, CA Becomes One of the Top CPA Firms for Local Business Owners

Tax Accountant San Ramon CA has become one of the top local CPA firms which provides local businesses, corporations and individuals with tax preparation, accounting and planning services.

With California’s declining revenues, the Franchise Tax board will be paying much closer attention to businesses’ tax returns in 2011. Accountants predict an increase in audits as corporate tax returns will be highly scrutinized during the next tax season. The results of an incorrectly filed tax return may lead to an extensive audit of company’s financial statements and records, as well as a possibility of incurring numerous fees and penalties.

“I always consult my tax accountant for my business’ record keeping, and hire a professional CPA firm to prepare my corporate tax returns,” says a resident of San Ramon, CA, who owns a small local business. “It is better to pay a professional who knows what they are doing than deal with IRS and FTB over a mistake on a tax return!”

Clients who are looking for a new CPA can safely rely on Tax Accountant San Ramon CA to professionally handle all of their tax and accounting transactions. This includes expert advice on long-term investment strategies, counseling during real estate purchasing, and a number of other financial services, which range from individual income tax preparation, to businesses, non-profit organizations and corporate accounting and record-keeping.

Tax Accountant San Ramon CA is a local firm with years of experience in the tax accounting field. It provides its clients with tax preparation services, business accounting, and expertise and sound advice on the best ways to keep good financial records. This ensures accuracy during tax preparation and safeguards business owners and individuals in an event of a tax audit.

Well-established accounting firms are experienced in working with FTB as well as IRS, and can often provide clients with invaluable assistance relating to their individual and business tax concerns. They typically also have connections to other experts in the industry, which enables them to provide a full range of financial, accounting and tax services for their clients. This is why San Ramon, CA small businesses, larger corporations, individuals, fiduciaries, and tax exempt organizations choose Tax Accountant San Ramon, CA as their preferred accounting firm. Call today for more information: (925) 361-2382.

Top Benefits Of Having Life Insurance

People today are trying to cut their costs and save as much money as they possibly can. Some people are even go so far as to cut off their life insurance policy. The problem with this money saving method is the fat that you never know what might happen during your lifetime. Having life insurance does hold a variety of benefits that you can easily enjoy immediately.

One of the biggest benefits that you will receive is the fact that you will be able to leave something behind to take care of your family for life. Those who get a policy will leave a sufficient amount of money behind so that family members can cover all funeral costs as well as their monthly living expenses over a period of time. This is a very good investment to have under your belt throughout your life.

Despite what you might think, life insurance is not going to be very expensive. Most people who have their own coverage plan, even with multiple beneficiaries named do not spend more than $150 on their insurance plans. If you do not have a lot to spend, try looking into your original insurance company and see if they have any life insurance options for you to add onto your plan.

Life insurance will be cheaper if you are younger. Those who buy insurance around the age of 30 years old will be able to save hundreds of dollars a year on their coverage plan. This means that you will get a lot of insurance that will grow as an investment that you will not need for at least another 35-40 years. Look into investing as early as you possibly can so that you are set.

If you are in a little bit of a financial situation and you need some extra cash, there are ways that you can take a loan against your life insurance policy. You will need to speak with your chosen insurance company to see what type of loans they offer as well as the interest rates that you will have to pay back as well. You can also simply stop your premium temporarily in order to get on top again.

Once you sign up for your prospective coverage, your rates will always be fixed. For as long as you are alive and well you will always have the same premium price each year. If you do get to buy at an early age, that you means you will save a lot more money in the long run.

If you can afford it right now then get online and start looking for the perfect life insurance policy for you. Choose your beneficiaries wisely and make sure that you have thought about every detail in advance. The sooner you buy your policy, the sooner you can save yourself as well as your entire family heaps of money!

Picking A Top Or Bottom In Forex Market Ussing Elliot Wave Forecast.

Good afternoon, everyone. Elliot wave principle is what I used to trade the Forex market. I really believe that the market move following the Elliot waves patterns and the fibonaccies number.

I have seen many times how the famous Elliot wave pattern is repeated in many cycle and to the point when do not miss even by a single pip. we as trader tend to make human mistake and always believe we have the correct count , we as human always trying to go to the minimum time frame possible. Many times this pattern is visible and workable in those small frames sometimes not , sometimes created a illusion or idea to be a correction and then break as a impulse . Today , I will explain how many traders and good traders are always trying to pick a top or a bottom.

Picking as I call it is a illusion , many times we are waiting for a level and we believe that the top or bottom just to found out that the market pass by the level without any resistance , so what was wrong , where picking a bottom or top is a mistake . the best bottom or top is the one we all knows , is waiting for the top or bottom formed by its self , seeing five waves in the hourly chart and the when wave A and C overlapped , getting in favor of the trend or five waves .

I know if all fellow traders practices this theory they should be able to make more money and less painful days .I believe the human factor and greed sometimes tends to created those false illusion , so picking a top or bottom is easy , please do not do it , just wait for the market to show the top or bottom.