Sales tax is a tax paid to a governing body (state or local) for the sale of certain goods and services. First enacted in the United States in 1921, sales tax dates back to ancient Egyptian times where paintings depict the collection of tax on commodities. Arkansas first adopted a general state sales tax in 1935. Since that time, the rate has risen to 6.5%. As a business owner selling taxable goods or services, you act as an agent of the state of Arkansas by collecting sales tax from purchasers and passing it along to the Department of Finance.
The Equitable Life Payment Scheme was set up by HM Government to make fair and transparent payments to Equitable Life policyholders who suffered financial losses as a result of government maladministration which occurred in the regulation of Equitable Life.
That is because Term Life Insurance fulfills the true definition of Life Insurance â to replace lost income due to premature death. Term Insurance provides a death benefit for a set period of time and does not build up cash value. It's often used to provide temporary protection for a mortgage, business bank loan or as income replacement of a breadwinner. Term Life Insurance can provide maximum death benefit at the lowest cost. The most common type of Term Insurance is Guaranteed Level Premium Term Life Insurance. Depending on age, you can get terms of 10, 15, 20 and 30 years. The premium is guaranteed not to increase for the life of the term period.