Recent News From Taxpage

Introduction: The Conduct of Wide-Reaching Audits of Falafel Vendors by the Israeli Government for Suspected Unreported Cash Sales The Israeli Tax Authority is at the onset of raising red flags for non-compliance issues in relation to the Israeli falafel industry and Israel's tax laws. The falafel is a staple of Middle Eastern cuisine and is especially well-liked there. Falafel is one of Israe...

In order to increase the number of taxpayers who can comply with tax rules with little or no difficulty, tax authorities are continually adopting measures aimed at simplifying the tax payment procedure. Global tax authorities have responded by taking an increasing number of steps to automate and streamline the filing and payment of taxes as a result. The cost of compliance and enforcement for the ...

On Death Tax Returns and Other Canadian Tax Issues – Analysis and assistance from a Canadian tax lawyer Introduction: Tax Returns After Death A family member or close friend's passing can be a traumatic time. The expert Canadian tax lawyers at our tax law firm are dedicated to providingyou with as much support as we can during this difficult time by offering tax, will, and estate preparation b...

Introduction: Proof of Work (Mining) and Proof of Stake (Staking/Forging) for Blockchain Transaction Verification A decentralized ledger system known as a "blockchain" is the foundation for all of the many cryptocurrency platforms, including USD Coin (USDC), Binance USD (BUSD), Cardano (ADA), Dogecoin (DOGE), and Polkadot (DOT). A blockchain is one specific kind of data structures. It us...

Introduction – Canada Employee Stock Option Some companies choose to provide their employees the opportunity to buy shares of the company at a reduced price as a form of compensation, particularly for high-tech start-ups and, more lately, marijuana start-ups. An employee has the right to purchase shares of the employer organization at a specified price for a particular period of time under the ter...

Introduction: Global Investors Have Been Affected by Major Cryptocurrency Crashes On Friday, November 11, 2022, the cryptocurrency derivatives exchange FTX Trading Ltd., a corporation that had previously been valued at over USD $32 billion, declared that it had applied for Chapter 11 bankruptcy protection in the United States. This signified the conclusion of FTX. The collapse of FTX came just a w...

Introduction: Loans to Shareholders In order to legally extract money from their organization, shareholders of a company may do so in a number of ways, including through salaries, dividends, management fees, capital returns, and, if they meet the requirements for independent contractors, business income. Additionally, shareholders may borrow money from their organization through shareholder loans....

What is The Ontario Interactive Digital Media Tax Credit (OIDMTC)? The Ontario Interactive Digital Media Tax Credit is a refundable tax credit determined by the amount of eligible spending made by a qualified corporation for eligible goods and eligible digital games during a tax year. What are considered eligible products for the Ontario Interactive Digital Media Tax Credit? The four types of prod...