Archive for November 20, 2021

Extra Considerations to Watch For in Military Divorce

Military members and members of their families both serve the United States of America, either directly or indirectly. Both military members and their families make unique sacrifices to be part of the United States military. Because of this, when military members need to divorce, they need to work with a military divorce lawyer who understands the unique nature and consideration that military members receive.

Filing with Special Considerations

Some specific issues may arise when an active duty spouse seeks a divorce from their non-active duty spouse. These include child custody time arrangements with schooling and relocation permissions, backup child care for emergency on-base or emergency active duty situations, and more.

The Servicemembers Civil Relief Act (SCRA) was put into place by Congress to reduce the number of stressors placed on active-duty deployed personnel. One of the things this act does is expressly prohibit a person from filing for divorce or modification of visitation orders towards their active duty spouse while they are deployed. The only exceptions are when a court order is presented that allows it.

Extra Documentation Needed

Depending on your precise scenario, you might need an affidavit showing that the spouse is on active duty or is not on active duty at the time of filing. Your divorce lawyer will know how to get this affidavit if your jurisdiction requires it. Additional forms are filled out that address relocation conditions, schooling issues, and backup, long-term child care in the event of an active-duty emergency. These forms will need to be filed along with the standard documents the court requires.

Always Best to be Flexible

While it’s not always possible, it’s best for military couples who divorce to be as flexible as possible with each other. Military members may see that because they have to follow governmental orders, they have little to no choice surrounding their proposed child custody visitation plan. In these cases, they may expect the civilian spouse to be even more accommodating moving forward. The civilian spouse may desire to see that their new wishes in their proposed visitation plans are honored more fully because they are separating from military life. 

Negotiating can be challenging. Be flexible by finding common ground you can both work with first. Unless ordered by the court, kids get to spend time with both parents. For long-distance arrangements, decide where the children will go to school and who will watch them during those months. The other parent can have them in the summers. Next, decide on things like holidays, school breaks, and more.

Backup Child Care During Emergencies

You should both actively come up with two or three adults you trust that will be near each of your locations who can watch the children during emergencies and long-term issues that may arise. These people could be friends on-base or friends and family off base. In advance, you must work with these other people to agree to be the backup child care, so there are no surprises. While only one person or family will take your children during these rare times, it’s essential to have two to three chosen as a backup to that backup.

Only attorneys and judges familiar with the special considerations that military divorce entails should be working your case. In the civilian world, attorneys and judges are not necessarily knowledgeable about the protections and requirements that go into a military divorce process and can inadvertently cause extreme stress and or financial loss for all involved.

The complete guide to the taxation system in the UK

Among the G20 countries, the UK is committed to coming up with the most comprehensive and competitive tax regime. Their taxes are structured to attract business. Their corporate tax rate is currently sitting at 19%. This is one of the best tax rates in the world and has seen the UK become the sixth-largest trading nation in the world. With this corporate tax, the UK is now a favorable location for headquarters to multinational companies and regional business hubs.

Apart from the banking sector, oil & gas, tonnage tax regime, and life insurance company regime, there are no unique tax regimes in the UK. All companies in all sectors are similar when it comes to corporate tax rates and rules. Treatment will change with regard to size, R&D credits, and transfer pricing. Large companies will need to meet some additional compliance and reporting requirements and HMRC has these structures in place where they are arranged by the magnitude of the company’s operations.

Who is responsible for tax collection in the UK?

HMRC is the tax authority in the UK and its responsibility is to collect tax and manage tax in the UK. They also collect most student loan repayments which is one of their other responsibilities in government engagements not involving tax collection. Such repayments are calculated as deductions and this is the reason they collect the student loan repayments for convenience.

There is an HMRC charter which you need to read if you are a citizen of the UK. This charter will explain to you the standards of behavior and values that the organization should adhere to in its dealings. In this charter, there is the Personal Information Charter that will explain the personal information collected by HMRC and how they use it.

You can take the help of a tax lawyer in the UK who has expertise in the full range of HMRC civil tax investigations.

Corporate Tax in the UK

This is a tax collected from profits that a corporation makes. Most of the countries around the globe tax profits from corporations but the rates differ. These corporate taxes can be a problem for economic growth but they can be eased by implementing lower rates and better capital allowances.

There are different tax regimes for different markets in the UK; all companies are required to pay a corporate tax of 19% on income tax profits. Some companies use a different regime and these are companies in the banking sector industry, tonnage industry, Life Insurance, and oil & gas.

Corporate tax is payable by all companies registered in the UK or foreign companies with branches in the UK. This also applies to co-operatives, clubs, offices, or any self-employed persons operating as limited liability companies. All profits made by the entities mentioned above should be taxed. If a company is not registered, then they will not pay corporate tax but they will pay income tax on profits from the business. The kind of business you operate will determine the corporate tax rate you need to pay.

Individual Taxes in the UK

Individual tax is the biggest source of income for governments. Most of the government operations in the UK are funded by taxes raised from household incomes. The amount an individual contributes as tax is dependent on the amount of income the individual gets. The more money you make the more tax you get to pay.

There are payroll taxes too which are flat-rate and levied on wage income in addition to the income tax. Revenue generated from these kinds of taxes is meant to fund insurance programs like pension programs, health insurance, and unemployment insurance.

Property Taxes

These are the taxes that are applied to individuals and businesses. For assets like real estate and other kinds of property, the taxes are paid at defined intervals and this is most of the time annually. This tax is dependent on the value of the taxable property.

There are two forms of property tax in the UK. One of them is the stamp duty that is determined by the value of the property in question. For residential properties with a value of over £125,000 or non-residential land and properties of over £150,000 one has to pay Stamp Duty Land Tax (SDLT). The other form of property tax is the council tax which is determined by each municipality after assessing the properties in the jurisdiction every year. After the assessment the tax applicable is determined.

Conclusion

Paying Taxes in the UK is a serious matter like in any other country since it is the source of revenue to finance government operations. From our guide, you have learned the different types of taxes that have to be paid in the UK and the rates that apply. There is more information when it comes to the UK taxation system but we have covered some of the most important ones as well as those that will apply to almost all individuals.

The Benefits of Lobbying

Lobbying has become a strong component of American democracy. Some forms of lobbying have led to controversy since funds have been linked to corruption within business and politics. However, it’s important to recognize the good that a lobbying group is capable of if it has the right intentions.

Collaboration

Finding momentum can be hard when an individual doesn’t have much power. A person can be deeply committed to a cause, but as a layman, there isn’t much he or she can do other than wait for a more well-connected person to take on the problem. A lobbying group allows people to collaborate and devote their energy to a common purpose. Sometimes “strength in numbers” is the ticket to getting a message across.

Checks and Balances

Lawmakers have a great deal of leeway when a governmental body mostly consists of people who have the same incentives. This can hurt the average person who does not have a say in legislation. A strong lobbying group Tallahassee FL can bring public concerns to the forefront. Raised awareness can encourage lawmakers to rethink their actions and fix broken components of the legal process.

Stronger Connections

A lobbying group can keep an elected official in touch with the people he or she is representing. Politicians are encouraged to act on behalf of their advocates when they are getting more support and feedback from them. Some government officials run on one idea and neglect it when they get into power, but a consistent lobbying group can keep the official in tune with the initial ideal.

Lobbying is one of the most effective ways to correct social problems and prevent further issues down the line. When individuals are looking to get a point across, a solid network can offer power and encouragement that wouldn’t have been available otherwise.

Why You Must Plan For After Death

Nobody likes to think about what the world will be like after their death, but in today’s world, everyone must. There are important decisions that everyone needs to make about what happens after their death. For example, people need to decide what kind of funeral they want, and then also what kind of burial. For some, it may not seem important, but for others, whether they’re buried in a casket or turned to ashes, for example, is a big deal. One of the most important things people need to plan for after their death, however, is how their assets will be distributed.

Prevent Family Heartache

The reason why people must plan how their assets will be distributed after death, through such things as wills and trusts Ormond Beach FL, is because if they don’t it could cause problems for their family. If you pass away without leaving a will or trust to tell your family what your wishes are, there are several issues that could arise.

If, for example, you haven’t spoken to anyone in your family about who should get what, then it’s impossible for them to know what you would have wanted to go to whom. Conversely, even if you have spoken to someone about your wishes, you’ll have to hope that the rest of your family believes what they say to be true or doesn’t decide to challenge their statements even if they think them to be true due to selfishness and the fact that there’s no way to prove that what they’re saying is true.

Clearly setting down your wishes in a will and/or trust will save your family from the heartache of disagreements over these matters and possible court battles to settle everything legally. Therefore, you can use a will and/or trust to give yourself and your family some peace of mind.