http://wavemasterusa.com/ Wed, 05 Jan 2022 17:54:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://wavemasterusa.com/wp-content/uploads/2021/11/cropped-cover-e1638280130327-32x32.png http://wavemasterusa.com/ 32 32 Three steps to complete your self-assessment declaration with confidence https://wavemasterusa.com/three-steps-to-complete-your-self-assessment-declaration-with-confidence/ Wed, 05 Jan 2022 14:15:15 +0000 https://wavemasterusa.com/three-steps-to-complete-your-self-assessment-declaration-with-confidence/

THE are two separate camps when it comes to completing your self-assessment tax return. Those who take care of it throughout the year. And those who get their self-assessment in no time. Regardless of which group you belong to, the important thing is that you complete your tax return before the deadline of midnight on January 31, 2022. Here’s how to stay on track.

1. Follow our top tips and tricks for self-assessment of tax returns

Set aside time to collect the papers – a little preparation can keep you from turning and turning at night, so have your papers ready in advance.

– P45 if you have one from your former employer, be sure to dig it up.

-P60 if you quit your job in 2021 make sure you have it on hand as it confirms the total tax you paid on any income with your employer.

– P11D or P9D it is a statement of all benefits and expenses during the year.

Pension contributions – Keep track of your contributions so you can claim the right amount of tax relief (the government will add 25% to every payment you make at the base rate and more if you pay income tax at a higher rate) .

Gift Aid Payments – you can also claim tax relief on charitable donations, so it’s worth checking out any donations and sponsorships you’ve made in the past year.

Personal savings allowance – this can be applied to interest earned on your savings. You could receive up to £ 5,000 interest on tax-free savings.

Don’t miss the January 31 midnight online deadline – you will be fined £ 100 if you do. After three months, you incur even greater penalties.

2. Stay up to date with new tax return changes

Capital gains tax return – you now have up to 60 days to ‘declare and pay’ any tax due on the sale of any residential or non-residential property in the UK from October 27, 2021 (if it was between April 6, 2020 and April 26, 2020). October 2021, it is still 30 days).

Covid support measures – if you have received financial support (such as a Covid grant), you will need to report this on your tax return in company profits or rental income. If you are not doing your own self-assessment tax return, make sure your accountant is aware of this.

3. Beware of Common Mistakes

Don’t be surprised by the paperwork delivery times – inquiries to banks or agents for things like certificates of interest, annual rental or investment statements can take a long time. Delays may result in penalties.

Your contact details – if you are spending time abroad or returning to the UK, remember to notify HMRC of any change of permanent or residential address.

Assets also matter – report a sale / disposition of an asset that has tax implications (such as a car, work of art or jewelry).

Avoid high income child benefit charges – not one of the 60,000 people prosecuted by HMRC1 for high income family allowance tax after failing to register for self-assessment tax returns.

So this is it. Sprint to the end of the online self-assessment if you want to, but often slowly and steadily you win the race.

Source
1 Gov.uk

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Sonata Software share price: Buy Sonata Software, target price Rs 1100: HDFC Securities https://wavemasterusa.com/sonata-software-share-price-buy-sonata-software-target-price-rs-1100-hdfc-securities/ Wed, 05 Jan 2022 05:40:00 +0000 https://wavemasterusa.com/sonata-software-share-price-buy-sonata-software-target-price-rs-1100-hdfc-securities/ HDFC Securities has a tender with a target price of Rs 1,100. The current market price of Sonata Software Ltd. is Rs 880.8. The period given by the analyst is one year when the price of Sonata Software Ltd. can achieve the defined goal. .

Sonata Software Ltd., incorporated in 1994, is a mid-cap company (with market capitalization of Rs 9229.83 Crore) operating in the Computer Software industry.

The main product / revenue segments of Sonata Software Ltd. include computer software, software products and other operating revenue for the year ending March 31, 2021.




Finance

For the quarter ended 30-09-2021, the company reported total consolidated income of Rs 976.70 crore, down -24.68% from last quarter total income of Rs 1296.69 crore and in increase of 21.15% compared to last year in the same quarter. Total income of Rs 806.21 crore. The company reported net profit after tax of Rs 91.17 crore last quarter.

Promoter / FII Holdings
Promoters held 28.17 percent of the company’s capital as of September 30, 2021, while FIIs held 16.56 percent and DIIs 12.98 percent.

(Disclaimer: The recommendations given in this section or any report attached hereto are written by an external party. The opinions expressed are those of the respective authors / entities. These do not represent the views of the Economic Times (ET). AND does not guarantee, do not vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial advisor and seek independent advice.

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Child tax credit 2021: American parents may owe money after monthly payments end https://wavemasterusa.com/child-tax-credit-2021-american-parents-may-owe-money-after-monthly-payments-end/ Tue, 04 Jan 2022 15:36:13 +0000 https://wavemasterusa.com/child-tax-credit-2021-american-parents-may-owe-money-after-monthly-payments-end/ HOUSTON, Texas – No more monthly child tax credit payments arrive, but the IRS sends more information to parents, which could help them determine if they owe money on their taxes.

LETTERS ON THE WAY TO UPDATE PARENTS ON THEIR CHILD TAX CREDIT

In 2021, Congress changed the child tax credit. The credit went from $ 2,000 to over $ 3,600 per child.

Parents could also receive an advance of half the credit in the form of a monthly payment. The final payment was made in December.

Now the parents have heard from the IRS again. Tax preparer Edward Gardner said parents should expect a letter from the IRS by the end of January.

“They’re just letting them know in the letter that’s going to come out that if you got the advanced credit, you won’t get the full amount on the 2021 tax return,” Gardner explained.

The IRS started sending letters in December, but won’t end until January. To learn more about letters, Click here.

IF YOU HAVE RECEIVED A CHILD TAX CREDIT PAYMENT, YOU MAY HAVE PART OF IT IN RETURN

The money the parents received was based on their 2020 taxes. As this was an advance on their 2021 taxes, they may not have been entitled to some of the money. .

“There is no calculator right now. In fact, the IRS hasn’t officially said how to report it on the 2021 tax return,” Gardner explained. “We are awaiting the availability of the worksheets.”

Parents may not have to wait for a calculator to determine if they owe money. Gardner said there are several ways to predict what might happen.

If you claimed a child in 2020 but not in 2021, you may owe money. If your income increased in 2021 compared to 2020, it is also possible that you owe money.

Another way to find out is if you’ve received a monthly payment, but usually aren’t getting a tax refund.

“If they’re normally in balance or owe a little, they won’t get that credit, and they could end up owing taxes when they file their 2021 tax return,” Gardner said.

2022 ENDS MONTHLY CHILD TAX CREDIT PAYMENTS

This may be the parents’ last tax period to calculate an advanced credit. Congress passed the augmented advantage last year. It was included in President Joe Biden’s Build Back Better legislation, but it’s stuck in the US Senate.

“Right now, that’s the fear we have at the moment,” Gardner said. “We don’t know what the IRS is going to change in the tax law this year. Of course, we had this Build Back Better provision which was not passed last year.”

This means that monthly payments that start midway through 2021 are not expected to occur again in 2022.

Nick Natario has covered all of the ways families and individuals can get help during the pandemic. Receive updates by following Natario on Facebook, Twitter and Instagram.

Copyright © 2022 KABC Television, LLC. All rights reserved.

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Bonus Episode – The Ultimate Guide to Tax Filing https://wavemasterusa.com/bonus-episode-the-ultimate-guide-to-tax-filing/ Tue, 04 Jan 2022 05:00:00 +0000 https://wavemasterusa.com/bonus-episode-the-ultimate-guide-to-tax-filing/

The ins and outs of the self-assessment before the January 31 deadline

With nearly 11 million people in the UK set to file their income tax returns by January 31, are you dreading the annual nightmare – or have you already licked it? In this bonus episode of Money Clinic, we answer any tax filing questions you wanted to ask. With more people starting side activities and small businesses during the pandemic, how much more income do you need to earn before you have to file a return?

Presenter Claer Barrett explains how apps can make the whole process easier and whether it pays to hire an accountant. Additionally, she explores how freelancers can legitimately reduce their bills by claiming tax-deductible expenses or negotiating extra payment time. Jacquetta Brown, tax specialist at HM Revenue & Customs, and Chartered Accountant Deborah Edwards, who runs the Raised Up Finance financial mentorship program, are on hand to demystify the lingo and identify sources of help.

If you’d like to be invited to the show’s next season, email the money@ft.com podcast team or follow Claer on Twitter and Instagram @Claerb.

You can follow Deborah on Instagram @ raisedup.finance

Further reading:

To learn more about using wage sacrifice to legitimately lower your tax bills, check out this free FT article from Claer: https://www.ft.com/content/ff8021b9-7847-4ef5-9f20-abb2ea2d6d93

And if you’re looking for more tips on running a self-employed business, this free to read article is full of it: Financial Tips for the Self-Employed https://www.ft.com/content/3462f359-8a1d- 4a1e-9098- a14bded3f00d

To apply for Homework Allowance, follow this link to the Gov.uk website: https://www.gov.uk/tax-relief-for-employees/working-at-home

To view the HMRC YouTube channel, click here https://www.youtube.com/user/HMRCgovuk/playlists


Visit acast.com/privacy for privacy and opt-out information.

Transcripts are currently not available for all podcasts, see our accessibility guide.

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Finance, Accounting and Taxation Software Market Size Analysis 2021 by Major Key Players https://wavemasterusa.com/finance-accounting-and-taxation-software-market-size-analysis-2021-by-major-key-players/ Mon, 03 Jan 2022 18:42:32 +0000 https://wavemasterusa.com/finance-accounting-and-taxation-software-market-size-analysis-2021-by-major-key-players/

New Jersey, United States, – Market Research Intellect has been analyzing the finance, accounting and tax software technology and markets since 2018. Since then, through the analysis of company research, we have been very close to the latest market research and development.

In addition, Market Research Intellect works closely with many clients to help them better understand technology and the market environment and develop innovation and commercialization strategies.

Market Research Intellect offers extensive expertise in financial, accounting and tax software market analysis. We have been in this industry for 20 years and have closely followed the rise and / or fall, success and / or disappointment of many emerging technologies during this time.

This gives us a unique eye of experience when it comes to analyzing emerging technologies in electronic materials. This is very important as it helps to build a realistic market and technology roadmap that reflects the true potential of the technology based on its intrinsic characteristics and the true level of technology and business challenges it faces.

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Further, the market revenue by region and country is provided in the Finance Accounting & Taxation Software report. The report’s authors also shed light on common business tactics adopted by players. The major players in the global bFinance & Accounting & Taxation Software Market and their complete profiles are included in the report. Additionally, investment opportunities, recommendations, and current trends in the global Finance, Accounting, and Taxation Software market are mapped by the report. As a result of this report, major players in the global finance, accounting, and tax software market will be able to make sound decisions and plan their strategies accordingly to stay ahead of the game.

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The main players covered by the finance, accounting and tax software markets:

  • NCH
  • Fresh books
  • Formal testament
  • INTUIT
  • Budget Express
  • sage
  • Innovo42
  • Oracle
  • Zoho
  • Chargebee
  • Deltek
  • TEAM software
  • SkyStem
  • Responsive software
  • DEAR Systems

Finance, Accounting and Taxation Software Market Breakdown by Type:

  • Accounting software
  • Tax software

Finance, Accounting & Taxation Software Market Split By Application:

  • Web based
  • installed
  • ios
  • Android

The Finance, Accounting, and Taxation Software market report has been segregated on the basis of distinct categories such as product type, application, end-user, and region. Each segment is rated on the basis of CAGR, share and growth potential. In the regional analysis, the report highlights the potential region, which is expected to generate opportunities in the global Finance, Accounting, and Taxation Software Market in the coming years. This segmental analysis will surely prove to be a useful tool for the readers, stakeholders and market players to get a complete picture of the Global Finance, Accounting and Tax Software Market and its growth potential in coming years.

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Scope of Finance, Accounting & Taxation Software Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of reports (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of custom shopping options to meet your exact research needs. Explore purchasing options

The regional market analysis Finance, accounting and tax software can be represented as follows:

Each regional finance and accounting and tax software industry is carefully studied to understand its current and future growth scenarios. It helps the players to strengthen their position. Use market research to gain a better perspective and understanding of the market and target audience and ensure you stay ahead of the competition.

Based on geography, the global finance, accounting, and tax software market has segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

Key questions answered in the report:

  • What is the growth potential of the finance, accounting and tax software markets?
  • Which product segment will take the lion’s share?
  • Which regional market will emerge as a precursor in the years to come?
  • Which application segment will grow at a sustained rate?
  • What are the growth opportunities that could emerge in the lock washer industry in the years to come?
  • What are the main challenges that the global finance, accounting and tax software markets may face in the future?
  • Who are the leading companies in the global finance, accounting, and tax software market?
  • What are the main trends that are positively impacting the growth of the market?
  • What are the growth strategies envisioned by the players to maintain their grip on the global Finance and Accounting and Tax Software market?

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The study thoroughly explores the profiles of the major market players and their main financial aspects. This comprehensive business analyst report is useful for all existing and new entrants when designing their business strategies. This report covers the production, revenue, market share and growth rate of the Accounting and Taxation Software market for each key company, and covers the breakdown data (production, consumption, revenue and market share) by regions. , type and applications. Historical breakdown data of finance, accounting and tax software from 2016 to 2020 and forecast to 2021-2029.

About Us: Market Research Intelligence

Market Research Intellect provides syndicated and personalized research reports to clients from various industries and organizations in addition to the goal of providing personalized and in-depth research studies. range of industries, including energy, technology, manufacturing and construction, chemicals and materials, food and beverage. Etc. Our research studies help our clients make more data-driven decisions, admit push predictions, grossly capitalize on opportunities, and maximize efficiency by acting as their criminal belt to adopt accurate mention and essential without compromise. clients, we have provided expertly-behaved affirmation research facilities to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

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Schools adjust to return of hiatus as COVID-19 cases increase https://wavemasterusa.com/schools-adjust-to-return-of-hiatus-as-covid-19-cases-increase/ Sun, 02 Jan 2022 13:32:00 +0000 https://wavemasterusa.com/schools-adjust-to-return-of-hiatus-as-covid-19-cases-increase/

Mask requirements are coming back in some school districts that had abandoned them.

Some are planning to dramatically step up virus testing among students and staff.

And a small number of school systems are moving to distance learning.

Educators hope this is only for a short time, however.

The surge in coronavirus infections means the return from winter school holidays will be different than expected for some as administrators again change protocols and make real-time adjustments in response to the evolving pandemic .

Even those who promise to bring students back as planned are signaling the need to remain flexible.

Download the News app 5 for free to easily access local coronavirus coverage and to receive one-off, limited news alerts on key COVID-19 developments. Download now to your Apple device here, and your Android device here.

See full coverage on our Continuous cover page of the coronavirus.

Ohio Vaccination – Find the latest news on COVID-19 vaccines, Ohio’s staged vaccination process, a map of vaccination clinics in the state, and links to register for a vaccination appointment through the online portal from Ohio.

See data visualizations showing the impact of the coronavirus in Ohio, including county-by-county maps, charts showing the spread of the disease, etc.

Rebound Northeast Ohio News 5’s initiative to help people cope with the financial impact of the coronavirus by offering one place to go for information on everything available to help and how to access it. We offer resources on:

Return to Work – Find out about the latest job openings, how to apply for benefits and be successful in the job market.

Make ends meet – Find help on topics from rent to food to new belt tightening techniques.

Dealing with stress – Feeling isolated or frustrated? Learn ways to connect with people virtually, get advice, or deal with stress.

Do What’s Right – Keep track of how people spend your tax dollars and treat your community.

Were open! Northeast Ohio is a place created by News 5 to open up to new ways of thinking, new ways of coming together, and new ways of supporting each other.

See a map of COVID-19 testing locations here.

Visit the Ohio Coronavirus website for the latest updates from the Ohio Department of Health.

See a global coronavirus tracker with data from Johns Hopkins University.

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Are you planning a trip? You can claim a tax credit if you travel to Ontario this year https://wavemasterusa.com/are-you-planning-a-trip-you-can-claim-a-tax-credit-if-you-travel-to-ontario-this-year/ Sun, 02 Jan 2022 12:33:07 +0000 https://wavemasterusa.com/are-you-planning-a-trip-you-can-claim-a-tax-credit-if-you-travel-to-ontario-this-year/

The provincial government’s “tourist tax credit” is now in effect for Ontarians planning trips to the province this year.

Announced on November 4, the credit aims to boost local businesses by offering people who book overnight stays in Ontario anytime in 2022 a 20% return on accommodation costs of up to $ 1,000 per person or $ 2,000. by family.

Some companies have lauded the incentive – which amounts to a maximum return of $ 200 per person or $ 400 per family – saying they hope it can help those hardest hit during COVID-19 restrictions.

“Everyone suffered,” said Renda Abdo, owner of Lakeside Motel in Prince Edward County, about 200 kilometers northeast of Toronto. “People are still not sure whether they are traveling by plane and too far from home, so I think now is the perfect time.”

Geoffrey Wild (left), along with his partner Dominique Wild at the Wild Tart in Elora, Ont., Says he hopes the province’s new tax credit will boost business. (Submitted by Geoffrey Wild)

Geoffrey Wild, owner of The Wild Tart bakery in Elora, just northwest of Guelph, said the credit could help boost local tourism, which would help various businesses.

“The recent [Omicron] variant, the virus, things like that remind us that it’s good that we can travel locally, travel in our province, ”he said.

Too late for some

But for some, credit comes too late.

“They should have introduced it a long time ago,” said Barry Choi, creator of Moneywehave.com, a blog on personal finance and budget travel. “[Businesses] I could have used those dollars in 2021 when things were really bad. ”

Choi said he and his family have traveled to Ontario before, having just returned home to Toronto after a trip to Ottawa.

“I will be looking to travel outside of Canada,” he said. “And I can think of a lot of people who are in the same boat.”

In October, Canada lifted a general advisory that had been in place since March 2020 against all non-essential travel outside the country.

More recently, to prevent travel-related infections amid the growing number of cases and spread of the omicron variant of the coronavirus, the federal government has advised Canadians to avoid all non-essential international travel.

“This province is the same size as many countries”

The Canadian Federation of Independent Business (CFIB) has said it supports the Ontario travel tax credit in 2022.

“It makes sense to postpone it to a time when Ontarians can enjoy it comfortably and with confidence,” said Ryan Mallough, senior director of provincial affairs for Ontario at CFIB.

Wild said Ontario offers something new to see, even for those who have explored the province before.

“To anyone who says, ‘I spent my travel money in Ontario’, my God, this province is the same size as many countries,” he said. “So you can’t tell me you’ve made your whole trip yet.” ”

Eligible expenses

On its website, the provincial government states eligibility details, including that Ontarians can claim the Accommodation Expense Credit for “a [not business-related] stay of less than one month ”, in short-term accommodation, such as a: hotel, motel, resort, inn, bed and breakfast, cabin or campground.

The suspension must take place between January 1 and December 31, 2022, depending on the province, “regardless of the time of payment.”

]]> EV Tax Credit Aligns with EPA and Infrastructure Bill | Opinion https://wavemasterusa.com/ev-tax-credit-aligns-with-epa-and-infrastructure-bill-opinion/ Sat, 01 Jan 2022 16:56:00 +0000 https://wavemasterusa.com/ev-tax-credit-aligns-with-epa-and-infrastructure-bill-opinion/

West Virginia Senator Joe Manchin recently announced that he “just couldn’t” vote for President Joe Biden’s 2021 transformational social infrastructure program, known as the “Build Back Better” law.

One thing West Virginia needs to be clear: In 2022, Senator Manchin has a great opportunity – and, I would say, even a patriotic duty – to stay at the negotiating table and fight for the help that our state has. badly needed.

Earlier this year, following the passage of the bipartisan hard infrastructure bill, Democrats relied on the White House to work with Sen. Manchin to get a yes on “Build Back Better,” which included important clean energy incentives.

But no one should have expected that a climate plan once in a generation would come true easily. And despite the setback of the 2021 version of BBB, it’s not a moment that we can afford to let go. Our state can benefit from a revised version, and we need Senator Manchin to deliver those benefits.

The first reports indicate that the child tax credit program in the latest version of the legislation gave Senator Manchin serious concerns. The Washington Post reported that “on climate change, Manchin backed a scaled-down version of what Democrats demanded – between $ 500 billion and $ 600 billion.”

Now, two political and political developments have taken place that offer renewed hope to see through the climate solutions package that will help realize the vision that has inspired so many Americans.

First, the leaders of Congress spoke. Senate Majority Leader Chuck Schumer has said he will put “Build Better” to a vote early in the new year. Speaker Nancy Pelosi, whose chamber previously voted to “Build Back Better” in November, pledged the House “will not pass up this opportunity” to improve America’s social safety net and adopt major federal legislation to tackle the current climate crisis.

Second, the Biden administration, through the Environmental Protection Agency (EPA), announced “that it will tighten pollution standards for cars and light trucks to reduce carbon dioxide emissions from automobiles.” … The new rules require passenger vehicles to average 55 miles per gallon of gasoline by 2026. ”This is good news, the timing of which is not lost for“ Build Back Better ”supporters and for those who understand the urgent need for immediate action to combat climate change.

The EPA’s announcement is a reaffirmation of the administration’s and Americans’ commitment to a serious climate agenda. He also underlines the need for Senator Manchin to maintain his support for an essential provision contained in “Build Better”: expanded tax credits for electric vehicles (EVs). As the bill is currently drafted, a maximum credit of $ 12,500 will go to consumers who purchase an American electric vehicle manufactured in the country and manufactured with unionized workers.

The “stick” of the new EPA regulations is made highly achievable with the “carrot” of expanded tax credits. The tax credits match the infrastructure plans for electric vehicles contained in the physical infrastructure bill already passed by Congress and throw cold water on the idea that tax credits for electric vehicles are an indispensable part of the climate agenda. They are not.

While the president The climate vision contains several important elements, in light of new directions from the EPA, the proposed tax credits for electric vehicles are becoming even more politically attractive in the eyes of lawmakers. In fact, one of the easiest ways to tackle climate change at the consumer level is to preserve those credits.

Putting more and more electric vehicles on the road – especially those made here at home and with union jobs vital to West Virginia’s economies and the nation – is the obvious and effective solution to meeting the demands of “Build Back Better” and, now, the EPA, while making a material policy change to tackle head-on the climate challenge facing our country.

As we head into 2022, Senator Manchin will think long and hard about the promises he made to his constituents. I believe he will conclude that these electric vehicle tax credits will help our state and our country. I urge Senator Manchin to use his position to strike a deal for West Virginia and for the future of our planet, because we all benefit from it.

– Tom Rodd, a resident of Moatsville, is one of the founders of the West Virginia Center for Climate Change in Morgantown, W.Va.

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How many monthly SIPs do you need to retire at age 50 https://wavemasterusa.com/how-many-monthly-sips-do-you-need-to-retire-at-age-50/ Sat, 01 Jan 2022 06:00:33 +0000 https://wavemasterusa.com/how-many-monthly-sips-do-you-need-to-retire-at-age-50/

Mutual Fund Calculator: Adarsh ​​Vinay is a 24 year old professional who wins ??40,000 per month. Adarsh ​​comes from a middle class family and he wants to retire at the age of 50 because he started his career quite early. Adarsh ​​Vinay has a slightly higher risk appetite but is not ready to invest in direct stock markets.

On how Adarsh ​​Vinay can reach his retirement goal; Pankaj Mathpal, Founder and CEO of Optima Money Managers said, “For a middle-class family member, ??60,000 is enough to cover the monthly financial needs after retirement. However, if an investor plans to retire after 25 years, then the ??60,000 a month will not be enough for it because inflation will also increase during this period. By maintaining an average inflation of 6.5 percent for the next 25 years, this ??60,000 monthly needs after retirement will reach approximately ??3 lakh. It is therefore necessary to accumulate as many retirement funds that can help him obtain ??3 lakh per month with an inflation rate of 6.5% adjusted after retirement. “

Pankaj Mathpal said that inflation will continue to grow after the investor’s retirement and therefore the investor should develop enough funds to help him recover. ??Monthly income of 3 lakh with 6.5 percent annual inflation adjusted after retirement. He said the fund needs to be reinvested in the SWP (Systematic Withdrawal Plan) as it would bring in around 8 percent per year, beating average annual inflation by 6.5 percent.

Asked about the funds required after 25 years to reach that retirement goal, Pankaj Mathpal of Optima Money Managers said, “Assuming an ROI of 8% per year and an annual inflation rate of 6.5%, about ??8.82 crore would be needed to get an inflation adjusted monthly pension ??3 lakh per month. “

On the investment tool that can help the investor to respond to this ??Investment objective of 8.82 crore over 25 years; Vinit Khandare, CEO and Founder of MyFundBazaar India Private Limited, said: “Equity mutual funds can be a good option for the investor if he is hesitant to invest in direct stock markets. The 15 x 15 x 15 Mutual Fund Rule suggests that one can expect to earn a 15% return on one’s investment in an equity mutual fund, if the time horizon is 15 years or more. However, he also advised investors to opt for an annual SIP increase of 15%, as he plans to retire at age 50.

Mutual Fund Return Calculator

Assuming a 15% return on one’s mutual fund stock investment in a SIP mutual fund for 25 years while maintaining a 15% annual increase in SIP, the SIP mutual fund calculator suggests that the investor must start with a monthly SIP of ??9,500. This will allow the investor to accumulate ??8.85 crores.

View full picture

Source: SIP piggy calculator

Asked about the SIP of mutual funds that can return 15%, Pankaj Mathpal of Optima Money Managers listed the following mutual fund plans:

1]Nippon India Flexi Cap Fund;

2]Aditya Birla Sun Life Advantage Equity Fund;

3]ICICI Prudential MNC Fund;

4]Canara Robeco Flexi cap.

On SWP which can generate an annual return of 8%, Vinit Khandare of MyFundBazaar India has listed the following plans:

1]Short term ABSL funds;

2]HDFC Very Short Term Fund; and

3]SBI savings fund.

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The filing date of the income tax return will not be extended https://wavemasterusa.com/the-filing-date-of-the-income-tax-return-will-not-be-extended/ Sat, 01 Jan 2022 04:13:07 +0000 https://wavemasterusa.com/the-filing-date-of-the-income-tax-return-will-not-be-extended/ The government said there was no proposal to extend the filing date of the tax return. So anyone looking for the same should be aware of this RTI filing report.

All those taxpayers who are waiting for an extension of the tax filing deadline should know that their dream of filing an ITR online at the last moment has been shattered. The central government said there was no proposal to extend the filing date for the tax return. It can be noted that the RTI filing date was December 31, 2021. “There is no proposal to extend the filing date of the income tax return: Revenue Secretary Tarun Bajaj, Indian government,” tweeted the ANI.

Later on December 31, 2021, the Income Tax Department informed that more than 5.78 crore in RTI for AY 2021-22 had been filed by 7 p.m. on December 31, 2021. “More than 5, ITR 78 crore for AY 2021-22 filed up to 7:00 p.m. today versus ITR 5.95 crore for AY 2020-21 filed through January 10, 2021 (extended deadline for AY 2020-21). ITR 35.74 lakh deposited today and ITR 4.55 lakh deposited in the last hour, ”the Income Tax Department tweeted.

It can be noted that people were asking for an extension of the tax filing deadline and the demand grew to such a scale that #Extend_Due_Date_Immediately started to become a trend on Twitter on December 31, 2021. The request to extend the date RTI’s production limit was mainly due to the income tax portal that taxpayers faced.

Taxpayers complained about technical issues with the RTI portal and therefore further requested an extension of the date. It can be noted that the central government had extended the deadline for filing the RTI to December 31 from July 31 earlier in the year.

One of the Twitter users tweeted: “3 Reasons Enough to Extend the RTI Deadline: – 1. The new portal was created late 2. Although late, but a mess taking away many hours of work. 3 . Suddenly AIS and TIS went off the rails. “While another user wrote:” Thanks to Infosys and Income Tax India for such a wonderful portal, new mistakes and new problems every day.

What is the income tax return

The income tax return is a form filed by an individual to report their annual income. The form allows you or any taxpayer to declare your income, expenses, tax deductions, investments, among others. The RTI can be filed in online and offline mode. To file it online, you will need to visit the official website of the Income Tax Department at Incometax.gov.in.

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