Category Archives: Finance

Facts about the US Tax You Should Know [2018]

Are your tax liabilities less than the amount of your withholding and your estimated taxes? Well, you are eligible for a tax refund and you should file for this by 17th April 2018. Unfortunately, the date is fixed thus you should be wary of doing so on time but how exactly do you do so? If you are not sure how to navigate your way around how the tax refund works then you need not worry as PDFelement has created a simple yet comprehensive infographic to guide you through how a few things and there in the realm of the US Tax system coupled by the step by step guide on file for a Tax Refund with the IRS.

As a matter of fact, this infographic touches on more! Talk of some cool stats pertaining the US Tax Revenue over the past five years not to mention the tax revenue sources that keep the economy moving. Of particular interest in the stats is the steady increase in the Tax Revenue generated whilst the tax burden is seen to be significantly lower than other developed countries like Canada, Japan, United Kingdom, Germany, Italy, and France.

This is perhaps the reason why the government can offer you some tax relief and at the core of this marvelous infographic is a nice stepwise guide on how to apply for your tax refund in an easy and professional way.

Last but not least, this guide touches on the things you can do with Tax Refunds or rather, what stats show is the norm for many around the country. At an average of $2763 tax refund as at 2017, most people have been found to use this money to clear debts while other do deposit some cash into the savings accounts.

Now, you can check out this infographic for more captivating facts about the US Tax.

Paydays In The UK: Britons’ Spending and Saving Habits

How Do You Spend Your Paypacket? Brits’ Payday Spending Habits Revealed

Payday is near! Amazing! However, for some, payday is not actually the best day of the month – new survey reveals that for many British citizens, getting your salary does not mean over the top purchases and awesome meals – but rather debt and daily financial woes.

As a result, if you are among the people for whom payday is a tough season, you are not alone. New research by Wizzcash, the short-term and payday loan provider, looks at our monthly habits, observing how we divulge our hard-earned salary and the kind of financial strain we feel.

The survey of approximately 1,000 British citizens found that over 30% do not make their salary last for the whole month, with 4% finding it extremely difficult to even make it last for one week.

Other payday findings include:

  • People aged 65 and over are the savviest spenders, making their money last all month.
  • For 31% of Brits, debt is a very real problem – with nearly a third falling into debt following a payday spending spree.
  • We’re often told it’s important to save, but for nearly half of Britons (46%) that’s not so easy, with this number struggling to save more than £100 a month.
  • For many Britons, living on credit is a monthly reality – 64% have relied on a credit card to supplement their payday, with overdrafts, borrowing from friends and family, personal loans and payday loans.

Hilton Freund, managing director of Wizzcash, said it was clear high living costs were having an impact. “Research shows the cost of essentials is rising – this is a particular problem for low-income households.”

Paydays In The UK: Britons’ Spending And Saving Habits

From Visually.