When it’s time to file a federal income tax return for your small business, there are various ways you can do it, depending on whether you run the business as a sole proprietorship or use a legal entity such as an LLC or corporation. Different types of business entities can r...
Tax breaks for small business : income taxAlthough finance Minister Pravin Gordhan has given further tax relief to small businesses and micro-enterprises in his 2012 Budget, there still remains very little incentive for small businesses to start up and flourish in South Africa.Matthew Lester...
One aspect of the proposals which is not explored in the consultation document is the impact on small businesses who may currently use their business accounts for purposes other than preparing their tax return. Such uses would typically be related to the raising in one way or another...
Along with income taxes, the largest tax bill that small business pay is for payroll taxes. Payroll taxes are a percentage of employee pay and are taxed at 7.65% on the employee gross payroll (6.2% for social security and 1.45% for Medicare taxes). There are other payroll taxes like unemp...
Our Income Tax API is the perfect tool for fintech apps, digital banking platforms, and vertical SaaS providers aiming to elevate their offerings for small businesses, and their owners. Integrating our Income Tax API allows you to seize significant tax preparation and management opportunities, elimin...
Our Income Tax API is the perfect tool for fintech apps, digital banking platforms, and vertical SaaS providers aiming to elevate their offerings for small businesses, and their owners. Integrating our Income Tax API allows you to seize significant tax preparation and management opportunities, elimin...
According to an announcement (No. 12 [2021]) issued by the Ministry of Finance and the State Taxation Administration on 2 April, for small and low-profit businesses, enterprise income tax on the portion of annual taxable income not exceeding RMB1 million
The year June 1st: Borrow:bank deposit (or accounts receivable) 117000; loan: the main business income of100000; tax payable should pay value-added tax (VAT) 17000; borrow: mainbusiness cost 60000; loan: merchandise inventory 60000 2, small businesses shoulddeduct () when they confirm sales...
If a secondary branch company is deemed as an independent taxpayer, are the enterprise income tax incentives for SMEs available? 分支机构不具有法人资格,其经营情况应并入企业总机构,由企业总机构汇总计算应纳税款,并享受相关优惠政策...
The State Taxation Administration recently issued an announcement (No. 10 [2020]) on extending due dates for 2020 income tax payments from small, low-profit enterprises and individually-owned businesses.