Monthly Archives: November 2011

What is Las Fallas?

Las Fallas is a 5-day annual celebration that takes place in Valencia, Spain, from March 15 to March 19. This festival involves making nintos (dolls or puppets), and setting it on fire. ‘Las Fallas’, in Valencian language, means ‘the fire’…. Read more.

What are Tax Evasion Penalties?

When an individual, corporate entity, institution or a trust tries to avoid paying the full amount of taxed owned by adopting illegal means, it is considered to be tax evasion. Tax evasion can be done though reporting of false income,… Read more.

What is Baby Jumping?

Baby Jumping, also known as El Colacho, in an ancient tradition practiced in Spain since 1620. This is an annual celebration of Corpus Christi that first started in Castrillo de Murcia in Spain. During this celebration, the one dressed as… Read more.

What is Foreign Inward Remittance Certificate?

Foreign Inward Remittance Certificate (FIRC) is a document that is a must for all the remittance that comes into a country. This document works as a proof that money has been sent from a foreign country. When someone receives money… Read more.

What is Offshore bank?

An offshore bank is a bank that is physically located outside the country of the account holder. Offshore banks are established in some other countries due to the financial advantages offered by those countries. The advantages can be as follows:… Read more.

What is Triple Net Lease?

Out of many types of leases used today, triple net lease is one of the most common type used by commercial organizations. Under triple net lease, the lessee agrees to pay, in addition to rent, maintenance, insurance and taxes of… Read more.

What is Quitclaim deed?

When a grantor of the land property transfers interest in the land to another person, known as grantee through a deed, that deed is known as a Quitclaim deed. This kind of deed is usually made when the ownership of… Read more.

What is Balloon payment?

When a large sum is paid, it is known as a balloon payment. The term ‘Balloon Payment’ is usually associated with mortgage or in some cases, personal loan. This huge sum of money is paid to repay the loan taken… Read more.

What is Elimination Communication?

Being a parent is more about being responsible, being kind, and more importantly, it’s about being able to decide. Right from the birth of the child, there are several decision a parent has to take. Some of these would include… Read more.

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