Short-term rentals have become a lucrative investment opportunity, especially with the rise of platforms like Airbnb and VRBO. However, navigating the tax landscape can be complex. CPAs play a crucial role in helping property owners maximize their profits through advanced tax strategies. Here’s how they do it: 1. Leveraging the short-term rental tax loophole One
The Supreme Court decision in Standish vs Standish has been described as the most significant ruling on the law relating to finances and divorce in nearly 20 years. It is a judgment that will have implications for family law practice and wealth planning alike, particularly for high-net-worth individuals and their advisers. At its heart lies
Currently, people can save £20,000 in a tax-free ISA within the tax year – but it has been suggested this could be brought down to as low as £4,000 to encourage people to invest Martin Lewis quizzes Nick Thomas-Symonds on Cash ISA limits Martin Lewis has challenged a minister on Rachel Reeves’s widely expected plan
KUALA LUMPUR: Any short-term share price weakness in Tenaga Nasional Bhd (TNB) is seen as a buying opportunity for long-term investors, according to Hong Leong Investment Bank (HLIB) Research. The utility giant dropped 58 sen, or 3.97%, to RM14.02 at 10.26 am, though it has gained 0.43% over the past month. Despite the dip, HLIB
Photo Credit: Taiwo Oyedele/LinkedIn President Bola Ahmed Tinubu has signed into law a series of tax reforms aimed at modernising Nigeria’s tax system, simplifying compliance, and improving revenue generation without placing an extra burden on vulnerable citizens. Signed on Thursday at the State House, these reforms consolidate four key pieces of legislation into one cohesive
MoneyMagpie Editor and financial expert Vicky Parry explores how grandparents can help their families without large tax bills Inheritance Tax is paid on the estate you leave behind when you die(Image: Getty Images) Grandparents and parents often want to help out their families with cash gifts – but if they’re not careful, a gift can
PETALING JAYA: Gold purchases will not be subject to the Sales and Service Tax (SST), says Datuk Johan Mahmood Merican. The Treasury secretary-general said the government has decided not to tax gold purchases owing to investment, cultural and economic reasons, and to avoid increasing the burden on the public and businesses. “Gold bars and jewellery
HM Revenue and Customs (HMRC) is asking parents to check if they qualify for a “cash boost” through Child Benefit. Child Benefit can give extra support for many parents, offering additional income to cover various expenses related to childcare. It’s available to anyone responsible for a child under 16, or under 20 if in approved
The rule change has prompted many savers to reconsider their withdrawal strategies. Under current rules, once people hit the age of 55, they’re entitled to take out 25 per cent of their pot tax-free Many people over the age of 55 chose to withdraw money from their pensions(Image: Kinga Krzeminska via Getty Images) Amidst rising
Created: Jun 06, 2025 08:04 AM (Updated: Jun 06, 2025 08:04 AM) Senators have approved amendments to reduce land tax Senators passed legislation last night aimed at reducing land tax and ending payroll tax on redundancy payments. Crystal Caesar, the Minister of Education, said the Land Tax Amendment Act 2025, approved by the House of