Wasting time is also something of a sport for tax auditors. Now, I don’t mean any disrespect to these employees of the taxman, but when we talk about time wasters, very few things sit as high on the list as the hours spent beside a tax auditor digging up information and answering questions. Today, I want to talk about how to avoid a tax audit.
1. Don’t sweat the concept.
You should know that very few individual taxpayers will ever face an audit. If the Canada Revenue Agency contacts you about your tax return it’s most likely going to be a simple request for more information – which is not the same thing as an audit. Audits are more commonly reserved for businesses (sole proprietors, or incorporated businesses). Audits are more involved and can be very time-consuming. A request for information is a normal part of life, particularly since filing a tax return electronically means most people are not sending in all the supporting documents when they file.
easyJet launches in-flight travel binsurance/b service
EasyJet is claiming an industry first with this week’s launch of an in-flight travel insurance service.
The airline has made the move in response to research suggesting that one in five UK holidaymakers set off on their vacations uninsured, which in easyJet’s case equates to around 20 to 30 people per flight.
Passengers in-flight can choose from a five-day or 14-day adult single trip European policy, which covers medical emergencies, loss of baggage and passport, personal accident and personal liability, with prices starting from £15.00 per person.
Customers are then presented with a pack, which includes the policy wording and other important information such as medical assistance and claims telephone numbers.
The carrier’s head of ancillaries, Nick Hughes, comments: “The launch of our in-flight insurance service is part of our ongoing commitment to providing easyJet customers with convenient, quality cover that comes at a price to suit their budget.”
In other travel insurance news, recent research from YouGov indicates that consumers are increasingly turning to their current account providers for travel insurance, and are taking more of an interest in the policy small print.