Taxation (Business Tax Measures) Act

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Taxes : Business & Finance

How Much Should I Save From Each Paycheck for Taxes When Working for a 1099?

When you work for someone else, you can rely on that employer to withhold the appropriate amount of taxes from each paycheck. You have no such luxury when you work for yourself. If you derive your income from self-employment and pay taxes based on a 1099, you are responsible for computing your tax b

Do Property Taxes Go Down If House Value Decreases?

Property taxes do not necessarily go down if your house value decreases. In some jurisdictions, property taxes rise and fall according to the assessed value of your home as calculated on a particular date of the year such as on January 1. In other jurisdictions you may have to file an appeal with yo

Information on IBC's and the Commonwealth of Dominica Trust

The IBC act which allows progressive legislation was legislated on June 26th 1996. Under this IBC act, shareholders privacy is guaranteed. Section 112 deals with this particular privacy clause. This act lets companies to be incorporated quickly and also allow such companies a good deal of flexibilit

What is an Inheritance Tax Trust?

Inheritance tax is also known as a death tax. Many countries of the world charge a tax on any heritage that you hand down to your friends and family in your will. It is basically a tax on the value of the property or the amount of money that someone inherits from his parents, friends or relatives.

Stock Sale of a C-Corp

While selling your C corporation, you will experience that people will be interested in buying the assets instead of the stocks. But are you aware of the tax liabilities which are at least 34% higher in asset sale? Negotiate properly with the purchaser.

Income Tax Tips - Reduce Tax With More Savings

The income tax tips are very helpful in reducing tax and organizing financial documents in the best possible way. There are three tips which are mentioned in this article through which one can reduce tax.

Bulgarian Inheritance Law

Bulgaria is an Eastern European country on the Black Sea coast. Because property prices and the cost of living generally are lower in Bulgaria than in many other European countries, such as the United Kingdom and Germany, some people from those countries are choosing to retire to Bulgaria. Inherita

When Are LLC Taxes Paid?

An interesting aspect of using a limited liability company for your business is the flexibility it affords its owners in choosing how to tax business earnings since there are no tax laws that apply specifically to LLCs. As a result, the income tax payment deadlines of LLCs will vary depending on the

Can You E-file Your Taxes If You Don't Have a Bank Account?

Usually, e-filing your taxes requires providing the IRS with a bank account and routing number so that money can be either extracted from or deposited into your account. However, it is possible to e-file without a bank account with several options available for you, including some that will charge y

What Are the Tax Break Differences Between Single & Married?

For purposes of the federal income tax, the government treats taxpayers differently depending on their filing status. There are distinct differences in the tax breaks available to married taxpayers versus single taxpayers. However, these tax breaks are not available just because you are married. Som

Employment Expense Deductions

The Internal Revenue Service permits you to deduct certain expenses related to your job. To maximize your tax benefits, you need to know which expenses you can deduct and how to deduct them on your taxes.

Why Hire a Professional Tax Preparer for Filing Tax Returns

This article looks at the reasons why small and even bigger businesses must hire professional CPAs instead of using tax return software for filing returns. Many ordinary businessmen do not know the pitfalls that await them once they use software for filing the returns.

The Average PE Teacher's Salary

People who see the value in staying fit and who enjoy sharing knowledge with others sometimes become physical education, or PE, teachers. These teachers are responsible for leading students in exercises, games and sports activities that improve fitness. Generally, these teachers make around $50,000

How to Make Tuition Costs Tax Deductible

With the rising cost of college tuition, it is important to know what tax benefits are available to those who pay for higher education. There are state and federal tax benefits offered to reduce your income during tax time. It doesn't matter if you are paying college tuition for yourself or a depend

The Tax Cuts Of 2010 - Good News For Businesses

Do you own a business? Are you wondering how your company is affected by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010- aka the Obama Tax Cuts?