The sales tax rate on your vehicle purchase must be the same as the general sales tax rate, as you can only deduct the general sales tax rate. There are two ways to calculate the deduction. The first one is to collect all your sales receipts and deduct the sales taxes you paid through...
Filing on time and then working out payment arrangements is the best way to catch up when you find yourself a little short on cash come tax time. You can also request a tax filing extension from the CRA if you need more time. It’s sometimes even possible to waive penalties or interest...
Whether you're riding for leisure, commuting, or exercise, cycling provides a multitude of physical, mental, and environmental benefits. If you're looking to get started, connecting with local bike dealers can help you find the right bike for your needs. Additionally, exploring various bike stoc...
Income tax is a percentage of the business’s income paid to the IRS. Rates vary depending on a business’s structure and location. Forty-three states impose astate taxon corporate income. Aself-employed individualwill pay business income taxes on their personal returns, ranging from10% to 37%...
If a charity asks you to leave the name of the buyer blank when signing over your title, walk away and find another charity. Leaving it blank may leave you liable should the vehicle be involved in a crash. Be leery of for-profit vehicle donation programs that charge a fee. Such programs...
After you buy or lease a car, there are a few steps you must take to finalize the purchase and the transfer of ownership. The process is slightly different depending on whether you have a car lease, are financing your vehicle or have paid for it in full. Regardless of how you bought ...
Vehicle Expense Report I’ll break down exactly how to run the right reports and how to access these numbers in the sections that follow. 1099K from Amazon This is an easy report to find and print out. Your 1099K is the report of your gross sales revenue for the year. You’ll be ...
Some cities have vehicle-free days, when private cars, trucks, and motorcycles are banned in the city centre. People are encouraged to use public transportation like buses, taxis and metros. Do the advantages of this outweigh the disadvantages? Give reasons for your answer and include any releva...
Donating your car to charity can result in significant tax savings if you include it in your charitable contribution deduction. However, doing a little planning will ensure that you maximize the tax savings of your donation.
7things to do at once so you won’t get delayed later on. WHERE TO LOOK This is a full examination all of the resources available to you and a clear direction for the best places for you to find what you are looking for. You’ll learn how to properly review every media where busine...