The purpose of using the S-Corp owner's health insurance premium pay type in payroll is to allow the premium to be taxed and reported as wages on the W2 and on the P&L. If you want to reimburse the owner through payroll for the premiums they paid ...
The OECD claims to be operating in the interests of its collective membership. But any agreement reached on international taxes is guaranteed to have winners and losers, and I don’t think anyone will be surprised when the winners turn out to be the same bloc of European nations driving the ...
Could it be due to taxes?The Philippines has the highest income tax rate in Southeast Asia. Is the country lagging behind because the citizens are being taxed too much? The highest tax bracket in the Philippines is 32% for taxable income PHP 500,000 and above.If you live in another ASEAN...
“I just took for granted that it was done as we started it, you know, until some of my friends across the country began to learn that I had some part in it and they started saying, ‘What about this; what about that?’ Dr. David Otis Fuller in Grand Rapids. I’ve known him fo...
This implies that the amount is deducted before you are taxed. As such, the taxes you pay are lower compared to when one does not save. Moreover, the whole amount is not taxed after it matures. However, to qualify for an exemption, you need to have consistently contributed to this ...
Property is woefully undertaxed (capital gains on property if primary residence is not taxed). Moves to stop taxation that leads to property being used as investments rather than places to live would be better . Quote Thanks Add post Share Report Bookmark ...