The Worse Consequences Of Not Paying Your Taxes On Time

As citizens of a country it is our duty to pay to the nation and help contribute towards the growth of the nation. And so, paying taxes on time is one way of contributing. Tariffs are the primary source of income of any government and it is what they use in funding various development projects and providing the citizens with public goods that could be used by all with no restriction at all whatsoever. And although we may not like doing this, trying to skip on this payment is sure to have quite the heavy consequences. And here are some them, that will definitely make you think twice on skipping your compulsory payment to the government.

A penalty

Taxing considers two scenarios when the consequences are valued, one is where you don’t pay at all and the other is where you don’t file your tariff. When you don’t file your taxes you are charged with a penalty of an added 5% from the tariffs you actually owe during the first five-month period with a minimum sum that amounts to $135 and as this continues the percentage may even increase to 100%. And if you don’t pay at all, then the consequences are even severe. Where you’d be charged with other costs in addition to this penalty fee as well. So in order to avoid all of this it is better to hire a US tax in Hong Kong and file your tariffs the right way.

An interest cost

The Inland Revenue department charges an interest as well. this is because they need to compensate for the time value of money, especially when there has been years’ worth of arrears. And so this is one of the added costs a person who has not paid his taxes would be facing in addition to the above mentioned penalty. The rates for these are generally determined by the state short term interest rates. And so, they may vary from one percent to four percent, depending on the other affecting factors as well.

Endless mail

These are the kind of mails you surely want to avoid receiving, and through the help of a US tax advisor you can easily make sure that not only you pay the right tariffs but you also avoid facing the potential consequences of not paying them on time. During the initial stages, the Inland Revenue would send you such mails in order to inform you of your deferred payments and as you continue to avoid them the repercussions and consequences of it increase over time. So it would be in your best interest to make sure you pay heed to these.

Pay your tariffs on time and avoid the cost of these consequences that follow! 

The Best Sticker Options Available

These days stickers or adhesive graphics and texts can be seen almost everywhere. If you look at a shop or an office space most of the graphics and texts which appear to decorate the place and advertise about it fall under this category. This can only be because these adhesive graphics and texts are quite easy to use and they feel good to the eye.

If you have ever considered using a sticker printing service to get some material for you company, then, you must have seen that there are so many options for you to choose from if you are using this method.

Front Adhesive Ones

A normal adhesive graphic and text has the sticky side on the back. However, when you are advertising for a certain product you need to put them up on display windows for people to see what you are talking about. If you are using an adhesive graphic for this purpose and if the sticky side is on the back the whole graphic will be facing the inside of the shop. This is why you now have the option of using front adhesive graphics which can be easily stuck to a display window. They do not fade when exposed to the sunlight as well.

Labels

Just like an A frames banner is a good choice when you want to advertise about something with a portable option, labels are a kind of portable adhesive graphic and text option you get to use. Usually, we put labels on things which can be moved such as a wine bottles, food containers, etc. By putting on a really eye catching label on each of the products you manufacture you can promote your brand quite nicely too. This will help people to remember your brand if the label is made of lasting quality material.

DIY Adhesive Graphics and Texts

Most of the large scale adhesive graphics and texts as well as the small scale ones are put on by the people who print them to make sure they are presented in the best possible way. However, there are now Do It Yourself adhesive graphics and texts which you can install on your own without such professional help. They do not form bubbles and make the job harder for you. These are actually used by a lot of people for promotional purposes.

If designed properly a small sized adhesive graphic and text can create the same impact a large sized one does. In the end it comes down to the people who create them.