Iplan Solutions

Iplan Solutions ๐ŸŸ  Key To Finding The Perfect Solution
๐ŸŸ  Insurance and Tax Consulting Services

We Shape the Perfect solutions for your life

We seamlessly merge two key components โ€“ care about our customerโ€™s future and experience of our team. This is the main factor that sets us apart from our competition and allows us to deliver a special business and life consultancy services.

Cryptocurrency Taxes in the European Union ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ”ถ Operations for exchanging money for bitcoins and back in the European Uni...
28/04/2022

Cryptocurrency Taxes in the European Union ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ”ถ Operations for exchanging money for bitcoins and back in the European Union are not subject to VAT. The European Court made this decision of Justice in 2015. So far, this is the only document regulating cryptocurrencies in EU countries.

๐Ÿ“™ The European Commission has published a draft regulation on the cryptocurrency market. The new law will establish more stringent requirements for cryptocurrency companies: for example, it will introduce licensing of its activities, and a minimum authorised capital of โ‚ฌ350,000. The main goal is to make the financial sector transparent at the legislative level.

๐Ÿ”ถ Each state of the European Union independently controls the issues of the use and taxation of cryptocurrencies.

๐Ÿ“™ Three laws came into force in Malta back in 2018: on virtual financial assets, work in the field of digital innovation, and innovative technologies and services. In addition, the Maltese Parliament approved a national strategy for the development of blockchain technologies. Digital currency, according to Prime Minister Joseph Muscat, will be the "inevitable future of money."

๐Ÿ”ถ For individuals, cryptocurrencies are not subject to income tax. If coins are transferred as part of a coin exchange or trading business, profits are taxed at the standard corporate income tax rate of 35%.

๐Ÿ“™ There is no full regulation of cryptocurrencies in Cyprus. The government recognizes cryptocurrencies as a financial instrument, so Cypriot investment companies can legally use them.

๐Ÿ”ถ Cryptocurrency trading income is taxed. The income tax rate for companies is 12.5%, and for individuals, the tax is determined on a progressive scale.

"Friends and neighbours complain that taxes are indeed very heavy, and if those laid on by the government were the only ...
21/04/2022

"Friends and neighbours complain that taxes are indeed very heavy, and if those laid on by the government were the only ones we had to pay, we might more easily discharge them; but we have many others, and much more grievous to some of us. We are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our folly."

Benjamin Franklin

What Are The Advantages Of Taxation In Switzerland? ๐Ÿ‡จ๐Ÿ‡ญ๐Ÿ”Ž The Swiss government provides an opportunity to become a tax res...
14/04/2022

What Are The Advantages Of Taxation In Switzerland? ๐Ÿ‡จ๐Ÿ‡ญ

๐Ÿ”Ž The Swiss government provides an opportunity to become a tax resident of the country and pay taxes not on income received outside Switzerland but on expenses. A lump-sum tax exact amount is calculated separately in each region and for a particular taxpayer.

๐Ÿ—“๏ธ The minimum tax is CHF 250,000 per year. In this case, this amount mustn't depend on your income, the availability of funds in bank accounts, or the ownership of real estate outside of Switzerland. It is fixed and does not change over time.

๐Ÿ“• Residents of Switzerland do not pay taxes on income that they received in another country, but they pay taxes on expenses within the state.

๐Ÿ“ฒ If you are interested in international taxation, for more detailed information and consultations, please get in touch with us by phone at +442045770914.

How Will The E-Privacy Regulation Impact Telematics-Based Insurance? โฐ๐Ÿ”ธ To offer telematics-based insurance policies, in...
08/04/2022

How Will The E-Privacy Regulation Impact Telematics-Based Insurance? โฐ

๐Ÿ”ธ To offer telematics-based insurance policies, insurers collect and process data from terminal equipment, which will be regulated by article 8 of the new e-Privacy Regulation. Unfortunately, neither the Commissionโ€™s proposal nor the European Parliamentโ€™s amendments provide a sound legal basis on which this processing can continue.

๐Ÿ”ธ The lack of a clear legal basis will eventually make it more difficult and riskier for insurers to offer consumers this innovative product. It would mean less choice for consumers and a missed opportunity to increase road safety in Europe.

The Benefits Of Telematics Based Insurance ๐Ÿ”Ž๐Ÿ“ Telematics-based insurance policies allow consumers to customise their ins...
30/03/2022

The Benefits Of Telematics Based Insurance ๐Ÿ”Ž

๐Ÿ“ Telematics-based insurance policies allow consumers to customise their insurance policy according to their driving habits. For example, โ€œpay as you driveโ€ insurance calculates the premium based on the actual mileage. Therefore, it can benefit anyone who wants to take control of their insurance costs. In particular, it can:

๐Ÿ”† Benefit young and inexperienced drivers who would otherwise pay higher premiums;

๐Ÿ”† Reward low-risk drivers with lower premiums;

๐Ÿ”† Reduce insurance costs for drivers who drive less frequently, thereby improving road safety and helping to cut greenhouse gas emissions;

๐Ÿ”† Greatly reduce the length of the claims process and deter fraudulent claims.

Types of Insurance Coverages We Check โœ”๏ธ๐Ÿ‘‰๐Ÿฝ The Insurance Coverage Checkup provides you with a customised checklist to kn...
24/03/2022

Types of Insurance Coverages We Check โœ”๏ธ

๐Ÿ‘‰๐Ÿฝ The Insurance Coverage Checkup provides you with a customised checklist to know what you need to do to protect your family, belongings, finances, and more.

Here are the types of coverages weโ€™ll ask about:

๐Ÿ”ธ Health Insurance
๐Ÿ”ธ Term Life Insurance
๐Ÿ”ธ Home or Renters Insurance
๐Ÿ”ธ Auto Insurance
๐Ÿ”ธ Long-Term Care Insurance
๐Ÿ”ธ Identity Theft Protection, etc.

Once you take the quiz, weโ€™ll even rank your coverage list by importance, email it to you, and help you connect with insurance providers to get your plan in place fast.

What's the Insurance Coverage Checkup? ๐Ÿ”Žโœ”๏ธ Our Insurance Coverage Checkup is a tool that tells you if you have the right...
16/03/2022

What's the Insurance Coverage Checkup? ๐Ÿ”Ž

โœ”๏ธ Our Insurance Coverage Checkup is a tool that tells you if you have the right coverages based on your individual needs. After answering a few simple questions, you'll get customised results that will help you take your insurance game to the next level. The Insurance Coverage Checkup even answers questions you might not have even thought to ask.

๐Ÿš‘ For example, if you do not have life insurance, we will mark this in your results as you still need life insurance to protect your income and your family's future.

๐Ÿ’ก Our Insurance Coverage Checkup also reveals what you don't need - so you can stop lining the pockets of insurance companies and keep more of that hard-earned cash in your pocket.

Types of Title Insurance ๐Ÿ“ŒThere are two types of title insurance: owners and lenders. Most mortgage companies will requi...
09/03/2022

Types of Title Insurance ๐Ÿ“Œ

There are two types of title insurance: owners and lenders. Most mortgage companies will require you to get a lenderโ€™s title insurance to protect themselves, but owners are optional.

1๏ธโƒฃ Ownerโ€™s Title Insurance
โžก๏ธ Ownerโ€™s title insurance covers you from being sued if someone has beefed with your property. Letโ€™s say the previous owner had a lawn care specialist but stopped paying their bill before they sold the home to you. The lawn care company put a lien against the house, hoping the owner would settle. But if you didnโ€™t get title insurance, the previous ownerโ€™s lawn care bills are now your problem.

2๏ธโƒฃ Lenderโ€™s Title Insurance
โžก๏ธ A lenderโ€™s title insurance policy is the most common and protects your lender or mortgage company from any title issues with the home. Thatโ€™s why itโ€™s essential to get both lender and ownerโ€™s title insurance.

Capital gains and asset transfer tax ๐Ÿ’ฅ๐Ÿ”† Whether you will be obligated to pay capital gains tax or asset transfer tax dep...
04/03/2022

Capital gains and asset transfer tax ๐Ÿ’ฅ

๐Ÿ”† Whether you will be obligated to pay capital gains tax or asset transfer tax depends on the ownership structure at the moment of the sale. It can occur either when you sell the property itself if it is an asset deal or sell the company you purchased through if it shares the agreement.

๐Ÿ” In the case of an asset deal, capital gains tax is typically calculated as the difference between the sale price and the carrying amount of the property. The carrying amount is the cost of the property, less accumulated depreciation. While depreciation decreases the carrying amount, it increases the capital gains tax base.

๐Ÿ‘‰๐Ÿฝ In the case of a share deal, the propertyโ€™s carrying value is of no importance for tax purposes. In this case, profits from the sale of shares are considered to calculate asset transfer taxes.

๐Ÿ’ก For example, it would make more sense financially to purchase the property through a company. Investors who already have an exit strategy in mind when purchasing a property - such as those who plan to buy a property, flip it, and sell it at a profit five years down the road - typically favour this model.

Penalty for late payment of tax in EU ๐Ÿ‘ˆ๐ŸฝโŒ› If you do not file a tax return on time, you will have to pay the penalty for ...
23/02/2022

Penalty for late payment of tax in EU ๐Ÿ‘ˆ๐Ÿฝ

โŒ› If you do not file a tax return on time, you will have to pay the penalty for late registration. For example, in Germany, the taxpayer is penalised for each month of delay by 0.25% of the accrued tax. So, for a total tax of โ‚ฌ10,000, you have to pay โ‚ฌ25 per month.

๐Ÿ“Œ If you delay paying tax, you will have to pay a higher penalty - 1% of the unpaid amount for each month during which there was no payment.

Tax deductions - what can they be? ๐Ÿค”๐Ÿ’ถ For example, spouses raising children in Germany can claim a special tax deduction...
16/02/2022

Tax deductions - what can they be? ๐Ÿค”

๐Ÿ’ถ For example, spouses raising children in Germany can claim a special tax deduction of โ‚ฌ8,388 per child. If the child's parents do not live together or are divorced, each can get half of this amount. The state also pays child benefits.

๐Ÿ‘‰๐Ÿฝ It is also possible to claim a tax deduction for education. If the child attends a private German school, the deduction will be 30% of the tuition fee.

๐Ÿ’ฅ You can also get a tax deduction for up to โ‚ฌ1,000 for work-related expenses that your employer has not reimbursed:

โžก๏ธ Moving to another apartment because of work;
โžก๏ธ Travelling long distances to work;
โžก๏ธ Training and professional equipment;
โžก๏ธ Maintaining two houses if you have to work in another city and rent another apartment.

๐Ÿ“™ Deductions are also made for insurance premiums, including health insurance, pension, and unemployment contributions.

๐Ÿ“ž Contact us at any time convenient for you, and our experts will find and suggest which tax deductions are best applied in your case.

What happens if I cause the accident and have no car insurance? ๐Ÿค”๐Ÿ’ญ๐Ÿš— In most cases, if you cause an accident, your liabil...
09/02/2022

What happens if I cause the accident and have no car insurance? ๐Ÿค”๐Ÿ’ญ

๐Ÿš— In most cases, if you cause an accident, your liability insurance helps cover the other driverโ€™s car damage costs and medical expenses - up to your coverage limit. But if you cause an accident and donโ€™t have auto insurance, you may be at risk of being sued by the other driver for the cost of damages.

๐Ÿ’ฅ The other driverโ€™s insurance would typically kick in to cover their expenses in a no-fault state. While no-fault laws put restrictions on when drivers can file lawsuits, you still arenโ€™t entirely risk-free. Depending on regulations, you could still be sued by the other driver. And remember, youโ€™d need to cover your expenses out of pocket.

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+442045770914

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