Cloudtax News

If you owe federal tax, the IRS offers many convenient ways to pay. Make sure you pay by the April 15 deadline, even if you get an extension of time to file your 2014 tax return. Here are some of the ways to pay your tax: http://www.irs.gov/uac/Ways-to-Pay-Your-Tax-Liability
Do you own propoerty in the UK (which you may be currently renting out?) If so, you should be aware of the significant changes to the changes to the capital gains tax rules which were clarified in yesterday's budget. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413988/capital-gains-tax-non-uk-res.pdf Before making any decisions about your UK property, we recommend...
The IRS has posted an Update to the Instructions for Form 8938 for 2014 to the FATCA web page. On first glance, these changes are likely to have an impact on the reporting for individuals with NZ superannuation plans in the 2014 year.
The list contains pension schemes that have told HM Revenue and Customs that they meet the conditions to be a Qualifying Recognised Overseas Pension ( QROPS ) and have asked to be included on the list. An updated QROPS list is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Click here for...
UK Economic Secretary to the Treasury Andrea Leadsom has unveiled the name and logo of the new pensions guidance service. Pension wise will be a first port of call for consumers, offering free and impartial information and guidance to people with a defined contribution pension approaching retirement. From April 2015, over 300,000 individuals a year with defined contribution pension savings will...