TAX & its Basics:

Tax is a compulsory levy imposed on economic units by the government. Taxes are generally divided into direct taxes and indirect taxes. Direct taxes are those which are levied directly on the entity meant to bear the burden. Indirect Taxes are those taxes in which tax burden is shifted from where they are initially imposed. In India, Personal Income Tax and Corporate Income Tax are the important direct tax levied by the central government .online tutoring has proved beneficial for Students who want to excel their career in the economics field. Online assignment help is one of the means by which student can get an in-depth knowledge regarding basics of economics .So every student should opt for economics online assignment help for this purpose. This will help them to improve their knowledge regarding the subject and will prove a strong foundation.

TAX & ITS CHARACTERISTICS:

A good tax system should possess the following characteristics:

Revenue Adequacy Governments levy taxes to finance their expenditures.
Therefore, a good tax system should generate adequate revenue for the
Government.

Equity The tax burden should be distributed in an equitable manner.

Efficiency The tax system should not interfere with the efficient allocation of
Resources.

Administrative Simplicity The tax structure should be simple to administer.
Also the cost of collection should be the minimum. Simplicity of the tax structure.Would also help in checking evasion.

Transparency The levying of taxes and the spending of tax proceeds should
be done in a transparent manner. The tax structure should be such that its
Incidence should be clear.

A Pareto efficient allocation of resources is defined as one from which no economic Agent can be made better off, without making someone else in the economy worse off. Mainstream economic theory teaches us that in a system where each economic Agent maximizes its objective function subject to the constraints (e.g. individuals Maximize their utility subject to their budget constraint and firms maximize their profits) and given certain other assumptions, free operation of market forces would lead to
a Pareto efficient allocation. Imposition of a tax in such a system would alter the relative prices. The price signals would be distorted, thus affecting the choice of the economic agents and altering the Allocation of resources. For example, with the imposition of sales tax, the slope of the consumers budget line changes and his equilibrium position is changed. The Economic agent would try to minimize the payment of the tax by reducing the Consumption of the commodity which is taxed. Therefore, the weights of different Commodities in the consumers consumption basket are changed. In the case of an indirect tax, the distortionary effect is clear.

With predictions of a second global financial crisis making headlines, the number of people seeking income protection insurance in case of unemployment has risen considerably. Credit rating agencies are forewarning about a bigger financial crisis which is expected to have a harder and deeper impact than the previous one especially on Asia and Australia. As a result, the fear of losing their regular income is haunting both workers and businessmen.

Income Protection Insurance: Features And Benefits

Income protection insurance comes to the aid of workers who are unable to earn their regular income due to illness, accidents or injuries. In general, people depend on their income to meet regular financial needs except for the rich upper class. The sudden loss of regular income can lead to a financial crisis, with devastating effects on their lifestyle.

Income protection insurance covers up to seventy five percent of income, in case a person is incapable of earning regular wages. To claim the benefits, the policy holders will have to prove that they are incapacitated and unable to perform an occupation that is suited to their educational and training level. The benefit is paid after a deferred period, the time between the claim and actual commencement of payment.

Income protection insurance typically covers:

* Mortgage payment

* Credit card payment

* Payment of bills

* Day to day living expenses

* Medical and rehabilitation costs

* Maintenance costs for businesses

The insurance companies tailor the policies to meet the specific risk profiles based on the occupation. Income protection policies are able to meet the specific needs of white collar workers, blue collar workers and self employed people.

How Income Protection Insurance Can Help during Global Financial Crisis:

Generally income protection insurance does not cover unemployment due to redundancy but income protection policies are flexible and can be customized to meet the current crisis situation and needs.

With the predictions of a second global financial crisis, the threat of unemployment is looming large which has led to surge in inquiries about income protection in case of unemployment due to redundancy. To meet the crisis, insurance companies have come up with policies to meet the specific need of the current financial situation. On an average, a policy holder pays approximately two percent of their annual income as premium for the policy. For a higher premium, a worker can get income protection which will cover involuntary unemployment, lying to rest the looming fear of loss of income due to recession.

How To Choose The Perfect Policy

With wide array of policies available for different types of income protection, the task of choosing the right policy is tough. Every policy will have different terms and conditions for the claims, which if overlooked can lead to loss of requisite coverage. The premium charged for this kind of insurance will depend on several factors like:

The most common job of all the Domestic Staff Agencies London is to provide nanny to the clients, to help them in their day to day work, and to take care of the childs or elderly parents, when they are not at home. The process to search for the reliable and best nanny is very time consuming and overwhelming, as you start the search from the Newspaper advertisements. The ad in the newspaper is not the only way to select a reliable nanny, you can contact with Domestic Staff Agencies London they will provide you several options.

They will give you the contacts of the suitable candidates for your requirement. Then you can talk to them over phone or can conduct a small interview session to judge them and for selecting one of them as the suitable candidate for the job of nanny in your house.

The entire above thing will happen afterward, before that the most important thing is, how to select a good staffing agency in your area. So, for this here are some key points over which you have to do some workout.

Features of a Quality Domestic Staffing Agency:

the first impression of any staffing agency will be the references from the families who are getting the services from the agency. The number of satisfied clients will show you the reputation of the agency. You must have to check, is that agency is affiliated with the authorized association or not. You also have inquired about the company by asking these questions like, from how long they have been in business? How is the work culture and behavior of the employees of the agency? The longer the company is in business will ensure the chance of getting the good nanny services from the agency.

Ask the agency that, can you visit their business place, if they hesitant, than it will possible that the agency is trying to show off the business at much larger level than what actually they have. Most of the time these kinds of agencies are run by a single person, who will have take care of everything like, meeting with clients, recruitment’s, interviews, and also have handle the financial side of the business. If is that so, you can imagine the level of service what they will provide you.

The Screening Process:

this is the most complex process in hiring a nanny and a domestic staff agency. In screening you must ask few questions like, from where they recruit the candidates, what are the criterias for their selection? Is there any specific qualification they look for recruiting a candidate? How much experience did candidates have from their previous assignments? What was the reason to leave out from that job? Candidates are professionally trained or not? These are the questions to be asked from agency or from the candidates itself. Using all these steps you can select an appropriate agency along with the reliable nanny for your need.

Personal income tax rates in Singapore are one of the lowest in the world. In order to determine the Singapore income tax liability of an individual, you need to first determine the tax residency and amount of chargeable income and then apply the progressive tax rate to it. Key points of Singapore income tax for individuals include:

A progressive tax rate is followed in Singapore that starts from at 0% and ends at 20% above S$320,000.
No capital gains tax or inheritance tax is imposed.

Only income earned in Singapore is taxed. Aside from a few exceptions, income earned by individuals abroad is not subject to taxation.

Tax rules differ based on the tax residency of the individual.

Tax filing due date for individuals is April 15 of each year. Income tax is assessed based on a preceding year basis.

Filing of personal tax return is mandatory if your annual income is S$22,000 or more. If your annual income is less than S$22,000, you need not pay for income tax. However, you may still need to file a tax return if you have been informed by Singapore tax department to submit your tax return.

For tax payable for YA 2011, all resident individual tax payers will be given a one-off income tax rebate of 20%, up to a cap of S$2,000.

It is an annual obligation of every eligible taxpayer to file his annual tax returns. The 15th of April is the deadline to submit all completed forms to the Singapore tax department.

You do not need to pay tax if your annual income is less than S$22,000. However, you may still need to file returns if you have been informed by tax authority to submit your tax form. If you have not earned any income in previous years, you still need to declare zero income in your tax form and submit it by 15 April. It is compulsory for you to file tax returns if your annual income is S$22,000 or more.

You can choose to file your returns online or by mail. From February to March, you will receive the appropriate paper tax form from the IRAS, as follows:

1.For tax resident individuals Form B1
2.For self-employed Form B
3.For non-resident individuals Form M

Penalties are imposed for late filing or non-filing.
A Notice of Assessment or tax bill will be sent to you by September after you have filed your returns. The tax bill will indicate the amount of tax you have to pay. If you disagree with your tax amount, you need to inform tax department within 30 days from the date of your tax bill and state your reasons for objection.
You need to pay the full amount of tax within 30 days of receiving your Notice of Assessment. This is despite your notification to the tax authority about any objection. If your tax remains outstanding after 30 days, a penalty will be imposed.

There are many jobs and skills in order to discover within World of Big warcraft, however only few of of these will help you make World of Warcraft gold. No matter whether you’re a Paladin, Mage or even Rouge, you will have to discover different occupations in order to endure the infinite realms of Azeroth. Occupations may help hone abilities as well as generate huge profits. However choosing the right occupation requires intelligent pondering as well as technique:

Gathering jobs for example mining, farming as well as fishing are some of the actual greatest ones to generate gold in World associated with Warcraft. Level upward with regard to these types of occupations and see earnings movement within, which will assist you to in order to buy new equipment.

Top Gold Generating Professions in World associated with Warcraft

i:Blacksmithing: Choose this vocation just if your course may get the benefits of superior weapons.

B:Engineering: To make gold, promote the uncooked materials like an ore on the auction home. Don’t craft the ore to create earnings.

three:Jewelcrafting: combining mining with this particular profession can definitely guarantee WoW gold. Search for uncommon gems and create socketed gemstones out of these. Buy the actual adamantite ore once the price on the auction home is less and promote them whenever they are high.

Additional occupations including Exploration, Herbalism, Enchanting as well as Skinning tend to be key money-makers within World of Big Jewel-crafting. The actual greatest method to earn gold is to choose any kind of 2 professions and sell the materials towards the public sale home. For instance: Picking exploration and skinning professions may enable you to promote the actual created items at the general public sale home in order to earn large quantities of WoW gold.

An additional strategy would be to promote raw supplies rather than promoting completed objects at the Auction House. This may enable you to get a lot more profits merely because expert crafters only buy raw materials to make clever crafting objects out of these. This will assist these phones power level their jobs as well as earn much more earnings. While there are numerous strategies as well as tips to generate WoW gold, choose just couple of methods that guarantee earnings for any lengthier duration. You can look for greatest gold making instructions to comprehend the actual techniques associated with generating gold within World associated with Warcraft.

Learning various occupations are very important so as to make World Warcraft gold

effortlessly. Find out which would be the best World associated with warcraft gold generating professions besides mining, fishing as well as harvesting.

Economics can be described as a branch of social science that analyses the production of goods and within geographical boundary of a country in an accounting year and their distribution and consumption. Through economics assignment help this subject is made easier.

For instance, there are three economic sectors,

1- Primary Sector- This sector includes agriculture and allied activities like coal mining etc.

2- Secondary Sector- It includes industries manufacturing, infrastructure etc.

3- Tertiary or Service Sector- This sector includes services like banking, insurance, Hospitality etc.

Now, in Economics, the total value of goods and services produced in all these sectors are calculated. After determining this vale which is also called National Income is obtained and thereafter distribution and use of these goods and services, the growth of a particular economy is determined. To make this subject easy through economic assignment help in order to understand, this is further divided into two parts

1- Microeconomics Microeconomics study the behavior of individual agent like household , firms, buyers and sellers, market and their interaction with each other to reach at equilibrium position.

2- Macroeconomics Macroeconomics analyses the economy as a whole and the issues affecting the economy like inflation rate, economic growth, unemployment, vicious circle of poverty, monetary and fiscal policy.

Beside these two broad classification, Economics can also be classified into Public Finance, Indian Economy, International Economy, Agricultural Economy, Regional Development and growth economy and so on which cover the vast area of economic arena. These classifications are done to manage systematic study of this subject so that student may not get confused and can easily build their strong concept on any of the topic related to this subject.

Economics is believed to be the toughest of all subjects, but when we look upon internet and its contribution in the field of education with arrival of online tutoring services, we can say that this statement can fully be discarded. Yes, it is true that like other topics internet facilitates the study of economics also with more clarity. Students can take help of any of the search engine to complete their assignment and homework at time. These search engines plays crucial role in providing Economics Assignment Help and Economics Homework Help. So students need not to worry about their assignments and homework. Just go through net, type the words you want to know about, check all the information you gather from this medium.

Other very important advantage of internet is that, it also makes online tutors available who provides online tuition by creating a virtual environment of classroom where learner and teacher interact with each other while being online and clear their doubts. At the same time you can also approach the teacher of your choice on net. Study was not so easy before.

Everybody gifts someone and they are also gifted in return, this is usually a quite typical scenario in our lives. However, why do some staff Christmas gift stay and some are passed on? You must acknowledge that sometime in your life you must have passed on the staff Christmas gift that you simply were passed by your boss. And why did you do that? The reason obviously is that you did not like them much or you didn’t find them useful enough, so you thought of doing it to someone else. So when you are gifting people ensure that they also do not need to do that using the gift you have gifted them. Make your staff Christmas gift such that they are valued and kept safely or used by your workers.

What exactly can such staff gift ideas end up like? Try to gift something that is unusual and think out of the box. People always gift such things as pens, diaries with their name and the company, the wishes and similar stuff. It is a fact that this type of gift is extremely effortless but then it is so common. You should try something new as well as your effort will be noticed by your employees. To help you give various staff Christmas gifts like a fondue set to your staff. This is the most unpredicted one and they will surely be surprised.

When you are giving staff Christmas gift also ensure that it will be based on the collection of your staff. For example in case you are gifting them some walnut cookies, it is surely a fantastic concept, ; however , it will surely be bad if those walnut cookies land to some person from your staff who is allergic to walnut. Thus you should not afford to become badly informed. You have to show your care and love towards your staff. So know their likes by sending them a friendly questionnaire which will have question based so which will make an effort to know their choices and preferences. The packing of staff Christmas gift must be done in an appealing and attractive way, since opening a gift produces a great deal of excitement. Most of all what you can do is hand the staff Christmas gift to them individually, this will give you an opportunity to spot the smiles on the faces of your staff members which will show the approval to the gift you have given them. So you see gifting your staff is not such a difficult task. You can easily do this if you wish to strike a chord along with your employees.