The UK Budget 2025 Inheritance Tax Bombshell
Rachel Reeves has just declared open war on private wealth. Reports confirmed that the Chancellor is preparing to scrap the “seven-year rule”, the last remaining shield that allows UK families to pass wealth without being hit with the government’s 40% inheritance tax (also known as the death tax). If you’re an entrepreneur, investor, or business […]
Top Tax Reduction Strategies Every Entrepreneur Needs to Know
As a self-employed entrepreneur, understanding tax reduction strategies is crucial for maximizing your profits and minimizing your tax liability. By taking advantage of deductible business expenses, structuring your business as a pass-through entity, utilizing tax credits and incentives, and maintaining accurate financial records, you can significantly reduce the amount of taxes you owe. In this […]
Foreign Earned Income Exclusion: Maximize Your Tax Benefits
Introduction Overview of Foreign Earned Income Exclusion (FEIE) At Emifast, we understand the complexities that come with working abroad. One crucial aspect that often puzzles expatriates is the Foreign Earned Income Exclusion (FEIE). Essentially, FEIE is a tax benefit offered by the United States to its citizens and resident aliens who are earning income while […]