Student tax advice, as students have enough to worry about:

The Inevitability of Tax

It has been said that tax and death are the only two certainties in life! This may be a somewhat depressing thought, but in reality it is a true statement.

We are all painfully aware that tax is deducted from our hard earned wages, but of course it is always applied to practically every item that you purchase. From a carton of orange juice to the essential family saloon, the price you pay includes a percentage of VAT (Value Added Tax), which is variable and currently equates to 17.5%.

Even when we are looking to escape on our holidays, we are still subjected to tax. It is therefore important to remember that even your two week package holiday, to include accommodation in Puerto Banus in sunny Spain, is still subject to tax. (more...)

Tax Information for Summer Working Students

In order to earn a little extra money during the summer holidays many students will take on a job. Summer work for students is not only a great way to earn money; it also provides a student with some work experience. Here for any students who are planning to take on any summer work, is some important tax information that could help them while working.

To start with many students do not have to pay tax for their summer work. This is because they do not earn enough money to be taxed. So if you are a student who is hoping to work over the summer you need to know the earnings threshold for paying tax.

In the UK the threshold for paying tax is 6475. Anyone who earns less than this over the course of a year will not be taxed on their earnings. This applies to the majority of students. (more...)

Taxes are a Sure Thing

They say there are two things that are guaranteed in life, one is having to pay taxes and the other is death. Everything else in life can be avoided but those two cannot. People will often complain about taxes because it raises the price of goods and services however they do not see the benefit that comes out of it as well.

There is a lot of deceit and lying in our world which is why you often hear about people getting in trouble for tax evasion. Taxes actually support many things in our country such as building new roads and providing child care services.

If you want independent financial advice in Nottingham you can have it, in fact it is highly advisable to get some if you are in financial ruin. Some people cannot comprehend the financial aspects of their lives and go bankrupt when they actually think they are financially sound. (more...)

Introduction to Guarantor Loans

If you have been trying to get a loan and have been told "No" by a lot of people then guarantor loans may still be an option. They are different to normal loans in that they do not rely on your credit history to judge your ability to repay the loan. Instead they use a guarantor to support your application, kind of like they are vouching for you. The guarantor can be a family member like a brother, sister, mother, father or perhaps a close friend. If you do not repay the guarantor loan then your guarantor will have to pay instead. You should only take this type of loan out if you are sure you will be able to afford the repayments, or if you fall into trouble, you can make up the difference quickly so you don't ruin the relationship with your guarantor!

If you want a guarantor loan one of the best places to go is to Talk Loans - The Guarantor Loan Specialists. They will take your application and find you a lender, no fuss, no fees. (more...)

Tax Information on International removals

Planning an international move can be a real nightmare as there is just so much to consider. Tax is one issue that comes up time and time again when the subject of international removals is raised. Here is some brief information on tax if you are planning to have your items moved internationally.

Firstly, you should not be charged tax on your items when you have them moved internationally. This is because these belong to you and are your personal items. However, the rules are slightly different if your personal items are less than 12 months old.

Secondly, you will not have to pay tax on household goods. These are seen as essential items and are not taxable. So you should not have to worry about paying tax on anything like household furniture and so on. (more...)

Tax on Student Box Shipping Services

Students who are moving to a new area or to another country might find the student box shipping services very useful. These are a service that will transport boxes for students to anywhere in the world for a fee. As well as thinking about the price of shipping boxes, however, there is also the issue of tax.

When items are moved from one country to another there is sometimes tax to pay on them. Students should be aware that they will usually be exempt from this form of tax as they are only shipping their personal items. However, when a shipping service is creating a quote they will ask for a list of items and will make you aware if there are any import charges or tax on them.

Personal items that are over 12 months old are not normally seen as taxable items even when they are shipped in from another country. This is because they are recognised as being the student's own belongings. (more...)

Paying Tax on Teak Garden Furniture

Whenever you buy anything from a shop you will be expected to pay tax on that purchase. This will come in the form of VAT and teak garden furniture is one such product that you will have to pay tax on.

If you are buying from a UK seller the amount of tax that you will have to pay is fixed at between 17.5 and 20% on many goods. There are of course goods that are exempt from this level of tax such as food, many items for young children, books and equipment for people who are disabled.

So, if you are buying teak garden furniture, you should expect to pay a total of 20% tax on your purchase. This may seem like quite a high amount but this is fixed and everyone buying items such as garden furniture will be expected to pay it. (more...)

A Basic Guide to Income Tax

In almost all countries, income tax is paid by people who have an income. Often there is a lower limit to the amount of annual earning that needs to be taxed. Not all income is taxed and there is some expenditure that is tax deductible.

Tax is usually levied on the total profit earned through work, including self employment or a job. However, the profit is calculated after deducting certain expenditures. This amount is the personal allowance that everyone is entitled to without paying tax on it. However, money spent on tools or services that could benefit or further the business are also tax exempt.

For example, if you are a self employed architect, and earn a certain amount of money. The amount you may spend on things like purchasing new up to date software, perhaps a new computer or an additional car for your business. Used car sales and second hand cars dealers are a good place to search for a bargain, and it is also good to know that the expense will be tax deductible. (more...)

The Solid Second Job

Sometimes there is just not enough money to make all the bills on time. A higher than normal gas bill, or unplanned expense can make the ends no longer meet as neatly as they should. Merely taking odd jobs is not the answer since these can become undependable just when you need the money the most.

Finding evening jobs is the answer to this financial crunch. Many fast growing companies don't shut off the light and go home when it gets dark. Since they are open for business, they need you to help them continue to serve their customers or industry well into the night.

Finding one of these positions is very much like finding your day job. A CV will be required, as well as references. The difference with working evenings is only as diverse as you would like it to be. (more...)





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The Inevitability of Tax

Introduction to Guarantor Loans

Tax Information for Summer Working Students

Taxes are a Sure Thing

Tax Information on International removals

Tax on Student Box Shipping Services

Paying Tax on Teak Garden Furniture

A Basic Guide to Income Tax

The Solid Second Job



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