How to File Taxes For the First Time

 

Effects of GST on the Jewelry Business

With the introduction of GST in India, an analytical article on its effects on the jewelry business. How GST affects the jewelry trade- both organized and unorganized sectors. How consumers are reacting to GST in purchasing gold.

The 5 Laws of GST

Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is that is applied on every value addition. In straightforward words, Goods and Service Tax is an indirect tax demanded on the supply of goods and services. GST Law has replaced many indirect laws that already existed in India.

2026 Tax Bomb Makes the Solo 401k Roth Look Better Than Ever

Under the pre-2018 tax rates, it made sense to make traditional pre-tax deductible Solo 401(k) contributions. But with new tax rates, the pre-tax decision needs to be re-examined. The Roth contributions, although not initially deductible, grow tax-free and may be far more beneficial in your later years.

Tax Reforms

Several concerns have been raised about the current federal tax system where issues like complexity, unfairness and economic inefficiency need to be addressed. Due to its complexity, individuals have a hard time understanding and complying with the tax laws. The current income tax needs reforming where the rates will be lowered and broaden its base. When there is a broad base with lowered tax rates, the economic efficiency will highly benefit.

Smart Tips For Filing Your Tax Return

Have you filed your taxes? Are you a first time filer? Research shows that 25% of all first time taxpayers wait until the last two weeks to file their taxes. If this describes you, then these helpful tips will help you get your taxes files correctly and on time.

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