Earned Income Tax Credit

Getting An Income Tax Refund? Is It The Best Use Of Your Money?

Out with the old and in with the new… a new year is upon us, and with the holiday celebrations being over we are returning to a normal routine daily life. It is this time of the year that the thoughts of many turn to getting their taxes done. Now that tax season is upon [...]

Inheritance Tax Bad News For UK Property Owners

This chancellor recently scrapped plans to raise the threshold for inheritance tax(IHT) from £325, 000 to £350, 000 as he looked for to put apparent distance in between Labour and the Conservatives on the topic of wealth and aspiration. In 2007, ministers promised to increase your threshold progressively in order that by April 2010 a [...]

A Short Timeline of Taxation Practices of the USA, Chapter 3

Raleigh NC CPA W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… So the question remains, what happened with taxes in the US? US tax makers have been collecting what they have been sowing for a long time. Our honor system has been trumped by a [...]

A Brief Timeline of Taxation of the United States, Chapter Two

Raleigh NC Accountant W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… 1861 – After Lincoln’s election, southerners walk out of Congress and create the Confederacy with a new constitution to sustain the new government power to tax in check. 1862 – The beginning of US [...]

Rx Help Provides Aid to Maine Patients Impacted by Recession

In order to help out people that are without healthcare insurance and financially-fraught residents find the prescription drugs that they desperately need, there is an increasing community recognition that there are programs that supply prescription medicine help for free or just about free. Because of the state’s joblessness rate now at a record high, the [...]

Time to Think about Taxes Again

Lowering your tax liability Industry analysts are predicting that a tangible change in the economy won’t be seen until mid-2010, but there are still some things you can do to lessen your tax liability this year. • Contribute more to a 401k. Any money you are allowed to pay into a 401k lowers your tax [...]

What To Do When You Can’t Pay For Your Medicine

Prescription medicine help is available to millions of Americans. You’ve perhaps heard or seen ads or commercials that patients might receive their prescription medication for free, or at a low cost. Have you seen the Help For Prescription bus? Television celebrity Montel Williams talks about an association that assists patients get help if they can’t find [...]

Where To Get Help With Your Costly Medication

Help for prescriptions is available if you qualify. It is awfully hard for loads of individuals to pay for their prescription medication if they do not own health insurance. Help with prescriptions can make your recovery go a lot faster. For those patients with breast cancer, this is more than ever true. For individuals that are undergoing [...]

The History of Taxation, Part Nine: Taxes, Slavery, and the American Civil War

Raleigh NC Accountant W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… “Slavery – the one cause of the Civil War.” – John Stuart Mill, 1862 Could there be any doubt about this topic? Certainly the American Civil War was about slavery… wasn’t it? Well actually, [...]

A Brief Timeline of Taxation Practices of the USA, Section 1

Raleigh NC Tax Preparation W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… Between 1868 to 1913, about 90% of the national government’s revenue was derived from taxes on alcohol and tobacco. While the Civil War was going on the government instituted a short income tax, [...]

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