liquid asset

You work hard to maximising revenue and minimising operating expenses of your business. The purpose is to achieve better cash flow, and, eventually, more cash for your business… and for you.

In term of asset, you also work hard to increase your asset, including the before-mentioned cash, as your liquid asset.

However, you and I often overlook one liquid asset that is hidden, simply due to the fact that we don’t know it is exist or we are simply ignorant.

Well, this is the time that we stop not-knowing and being ignorant, because the hidden asset can give you something that is actually yours.

Tax refunds. ‘Ring a bell? :)

Hidden liquid asset: Tax Refunds

Consider these facts:

In 2007, 115,478 IRS income tax refund checks totaling $110 million - an average of about $953 per taxpayer - undelivered mainly due to unreported changes of name and/or address. In addition, an estimated $500,000,000 million in IRS refund checks that are delivered are not cashed and go unpaid every year - Source: unclaimed.com

An estimated £961 million in UK’s Government grants and tax credits goes unclaimed each year - Source: coleman-parkes.co.uk

(UK’s PAYE system - admin) …is taking nearly £300m a year too much off our wages and salaries, according to the government’s own auditor - Source: bbc.co.uk

The facts can go on and on - my point is, you have to start looking for refunds from your paid taxes because they are yours and the amount owed might actually surprise you.

How to claim tax refunds

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