Recently, a former nightclub dancer was confronted with back taxes and penalties of over fifty seven thousand pounds (£57,000) after years of non-declaration; apparently, she didn’t know that non-British citizens and students paid income tax. The non-payment issue only came to light when she applied for citizenship and needed to prove her tax status. If … Continue reading
It’s interesting that anytime you see a new film, whether at the cinema or on DVD, you’re unwittingly putting money in the palms of corporations that hardly ever turn a profit. This is because most, if not all, Hollywood blockbusters use creative accounting to avoid the dreaded net profit figure. [According to the Accounting Technician … Continue reading