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Untouchable: Pay Zero Taxes 

Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs

 

 
 
Tags:  pay less taxes  pay zero taxes  less taxe  zero taxes  taxes  pay less taxes 2011  pay less taxes 2012  pay zero taxes 2011  pay zero taxes 2012  tax deduction  learn about taxes  tax deductions  tax exemptions  tax free 
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Published:  January 20, 2012
 
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Slide 1: ==== ==== Pay Zero Taxes Like The Wealthy Do http://tinyurl.com/beat-irs ==== ==== It is every company, business and income earning individuals wish to pay lesser tax on the income earned. However, paying lesser tax and tax evasion is separated by a thin border, which can be costly if not dealt with carefully. Big organization engaged experienced knowledgeable tax professionals to work out the company tax liability. These professionals take into account all deductible expenses, capital allowances, etc, in a legitimate manner to achieve their objective, pay lesser tax. On top of it, the organization employs accounting professional to maintain the transaction records of the business, detailing every sales, purchases and expenses. These records enable the auditors and tax professionals to accomplish their objective. The cost of hiring accounting professionals, tax professionals will be offset against the saving in tax liability. The saving can be very substantial so big organization can justify the expenditure. What about small businesses? Most small businesses can afford accounting personnel to track the business record and is willing to spend the money. They will then outsource the tax computing function to a third party tax agent and pay a nominal fee for their services. Individuals running businesses can opt for the same method to declare their tax liability. But many did not do so, instead, prefer to "estimate" their earning and report it for tax purposes. Some small business operators also choose to report "estimate income". This is a dangerous move. Among this group of individuals and small businesses are hawkers, coffee shops and food courts operator, generally from the food industry. These groups of people from the food industry generally remiss in keeping records of their earnings and expenses. Many only estimate their incomes, and do not submit documents to back these claims. The common mindset was to save the cost of hiring and paying lesser tax than actual. Early in the year, the Inland Revenue Authority of Singapore (IRAS) hauled up a dozen of hawkers and companies running food stalls for trying to evade taxes. On conviction of tax evasion, tax evaders and those who abet them have to pay a penalty equaling three times the tax lost by IRAS. In more serious cases, they can be slashed with penalty and jail terms. Part I - to be continued
Slide 2: Christopher is an freelance accounting service provider. To find out more on the services, Click Here [http://www.accountseasy.com] for a non-obligation discussion and a free evaluation of your accounting needs. Article Source: http://EzineArticles.com/?expert=Christopher_Tan ==== ==== Pay Zero Taxes Like The Wealthy Do http://tinyurl.com/beat-irs ==== ====

   
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