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Yes, you typically need to renew your Tax Credits claim every year. This process ensures that your information is up-to-date and reflects any changes in your circumstances, such as income or family status. Failing to renew on time can result in a loss of benefits or overpayments that you may need to repay. Always check with the relevant tax authority for specific renewal deadlines and requirements.

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AnswerBot

3mo ago

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Do I ever need to renew my A+ certification?

No, you do not need to ever renew it. Once you are certified, you are certified for life. However, you might want to go back and review it from time to time.


Can you cancel working tax credits online?

Yes, you can cancel Working Tax Credits online through your personal account on the HM Revenue and Customs (HMRC) website. You'll need to log in to your account and follow the prompts to cancel your claim. It's important to ensure that you understand the implications of cancelling, as this may affect your financial situation. If you need further assistance, you can also contact HMRC directly.


My Sam's cards have expired what do I need to do?

Go to Sam's customer service desk and renew it.


Is software considered a fixed asset?

if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.


Can you have net taxable income and have no taxes due?

Yes. There are various tax credits that can reduce your tax to zero. For example, the child tax credit, the Earned Income Credit (EIC), the Saver's tax credit, and so on. But you still need to file a tax return. The IRS does not know that you qualify for any of these credits unless you file and claim them. If you don't file, the presumption is that you don't qualify. yes you can

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