Outlining the Key Differences between Wills and Trusts

Outlining the key differences between Wills and Trusts, two documents which are often misinterpreted as the same because they are both used for outlining a person’s wishes regarding the distribution of his or her estate after death. The primary difference between the two is that a Will is not enacted until the person’s death, whereas a Trust takes effect from the moment that it is signed. There are other significant…

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Accounting for Start Up Businesses – What You Should Know

Launching a new start up business is an exciting and challenging time for anyone but as well as your idea and all the ways to promote it, one of the most important aspects of running your new business is the finance. This is often the least popular aspect for anyone setting up in a business and the first thing to get outsourced once the business is bringing in money. However,…

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Advantages of 2018 Tax Return Online

What is Tax? Tax is the money that the government takes from the people in order to maintain the infrastructure of the country and for the welfare of the people. In order to do so, several types of taxes are taken from the people. The ones that we pay on a regular basis are the goods and services tax. Basically, when we buy anything from anywhere including goods like food,…

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A Comprehensive Look at Estate and Gift Tax Laws

Image Source: burst.shopify Estate Taxes and Gift Taxes.  What’s the difference between the two? In simplest terms, the Estate Tax is levied on money or property received from a person who has died. The Gift Tax is levied on money or property that is received from a living person. Both have available exemptions, and the eligible minimum estate/gift values increase every year to compensate for annual inflation. What Are the Estate…

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