Tax

Poundland has been sold for just £1 as financial woes deepen. Here's why the discount chain is struggling—and what it means for the UK high street.

UK's transatlantic alliance is key in accelerating growth, scaling startups, and redefining global competitiveness and positioning the UK as a global leader in the next generation of technological advancement.

Tesla shares were up 5.2% during premarket hours on Friday after Elon Musk said he is open to a 'cool off' period with Donald Trump following a public feud over a tax bill.

The Social Security administration updated that 91% of the eligible millions of Americans have received retroactive payments and/or monthly benefit hikes under the new Social Security Fairness Act.

Donald Trump proposes raising the top tax rate to 39.6% for Americans earning over $2.5 million, aiming to fund middle-class tax relief and reshape GOP tax policy.

US retirees are claiming social security cheques much earlier than planned and settling for lower monthly incomes amid threats to the program and access to benefits.

A Queensland man couldn't believe he had won over $1 million in a lottery draw. He took over a month to accept the reality and finally claim his winnings.

The US Senate has unanimously passed the No Tax on Tips Act, offering up to $25,000 in annual tax deductions for tipped workers in a rare show of bipartisan support.

Ultra-rich people often use debt as a tool to maintain adequate cash flow at all times with the goal to capitalize on market opportunities for long-term wealth appreciation.

The Missouri state legislature advanced an amendment to make precious metals like gold and silver legal tender for the payment of taxes and the purchase of goods.

Bill Gates wrote in a recent blog post that he plans to give away 99% of his £127 billion fortune over the next two decades via the Gates Foundation.

Pershing Square Capital Management CEO Bill Ackman called on Donald Trump to pause tariffs for a faster resolution to the escalating global trade war.

Berkshire Hathaway chair Warren Buffett believes investing in knowledge and self-betterment can unlock growth opportunities. He sees real estate as a good investment option during periods of high inflation.

Volatile markets, rising consumer prices, growing debt levels, and heightened risks of Social Security benefits discontinuity are driving fears across generations about their retirement plans.

Historically, the overnight trading strategy of buying stocks at market close and selling them the next day when the market opens has returned more gains than trading exclusively during regular trading hours.

US President Donald Trump plans to resume collections on student loans that will result in wage garnishment and withholding of Social Security benefits for borrowers who don't repay.

Lower IRS collections this tax season due to workforce downsizing and dynamic taxpayer behaviour could increase the risks of the US Treasury being unable to repay bills on time and in full by June unless Congress hikes the debt ceiling.

The new payment hikes are being implemented under a new law that eliminated the Windfall Elimination Provision and Government Pension Offset rules, which had limited Social Security payments for people receiving pensions for work not covered by Social Security.

The average US tax refund for the 2024 tax year dropped to £1,725 as of 14th February 2025 from £2,551 on the same day last year.

Americans could use DOGE dividend cheques to clear debt, grow their emergency funds, and invest in long-term goals like retirement, which could have an overall deflationary effect on the US economy.

Donald Trump could terminate almost 16,000 recently hired IRS employees next week, in the middle of the tax season, as part of the broader federal downsizing spearheaded by Elon Musk.

The IRS claims that taxpayers who e-file taxes can expect refunds within 21 days. The timeline could stretch to eight weeks for filers who mail paper returns.

Spain ends the Golden Visa Program for non-EU nationals to address housing crisis, proposing a 100% tax on foreign property owners.

US Rep. Buddy Carter's Fair Tax Act would help Americans save money by putting them in charge of their tax rate, reducing tax loopholes and the national debt, and mandating illegal immigrants to pay their fair share of taxes.

US retirees above 65 can take a special standard deduction on top of the regular deduction. They can also get tax credits if they have low incomes.

A Scottish local council has been condemned for its proposal to tax expectant mothers for the privilege of having their babies in a hospital.

HMRC is cracking down on online sellers. Platforms like Etsy, eBay, and Vinted must now share data on users earning over £1,700 annually.

As more US retirees return to the workforce to supplement their monthly income, their Social Security benefits could drop until they reach the full retirement age if job wages exceed the annual threshold of £18,572.

Caleb Hammer struggles to help a dog parent create a financial budget as she refuses to work remotely despite having an irregular income.

Strong market gains, growing employer matching contributions, and millennials reaching their peak earning years are some factors contributing to their rising 401(k) account balances.