It may be easier next year, since a streamlined form will be used for the simplified home office deduction on 2013 returns.
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For many it will be too simplified, too invasive, too annoying.
For one, much as a flat tax would inspire lobbyists looking for deductions on what would be a simplified tax, so would the same occur with a consumption levy.
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If Congress truly simplified the tax code, there would be little reason for special interests to donate money to candidates.
"Following yesterday's Budget announcement, the next time I go to the barber in Slade Road I will ask for my hair not to be cut but to be 'simplified', " he told MPs.
Second, the regulatory environment will be simplified by cutting out red tape when we introduce a one-stop shop for businesses to deal with regulators.
In addition to easing the exploration process with a simplified single permit for both oil and gas, the plan will be accompanied by a parallel effort to minimize local authority over energy projects.
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Swackett (free): Sweater, jacket or coat? (Get it?) This neat little weather app for iOS gives you simplified outerwear recommendations so you can hurry up and be on the go.
An LLC can also be suitable for the single owner who wants the liability coverage of a corporation but the more simplified tax treatment and operational freedom of a sole proprietorship.
With this simplified approach, you ignore three other questions that are often asked: Will my child be applying for financial aid?
The government has been consulting on the possibility of simplified pay structures and new powers for shareholders - intended to restrain executive pay - that could be introduced next year.
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