Financial Service Info

In his State of the State address, Kansas Governor Sam Brownback (R) outlined a major income tax overhaul: I’m proposing a major step in overhauling our state tax code to make it fairer, flatter, and simpler.  My tax plan will lower individual income tax rates for all Kansans.  It brings the highest tax rate down [...]

To coin an old phrase: “Death, taxes and childbirth! There’s never any convenient time for any of them.”(Margaret Mitchell, Gone with the Wind). This might be true, but you can at least alleviate some of the burden of tax season by doing some preparation in advance. For the small business owner, this means taking the [...]

The UK government has been forced to abandon plans to introduce a 50p a month tax on every telephone line in the UK which would have been used to fund investments in the UK broadband sector. Whether or not the line was used for broadband, the UK government was looking to push ahead with plans [...]

If you own rental real estate, you’re likely to run up tax losses in this economic environment. However, your ability to actually deduct those losses might be postponed — or not. Here’s what you need to know. The Dreaded Passive Activity Loss Rules As a general rule, tax losses from owning rental real estate are [...]