As a sole proprietor, you only pay income tax on your net profit, which is equal to total earnings less all allowable deductions for business expenses. To be allowable, each expense must satisfy an “ordinary and necessary” requirement. Essentially, a business expense is ordinary if it’s o...
Our 2023 performance was impacted by the fall in revenue, particularly in the US which has higher margins, and additional costs relating to enhancing our talent and capabilities and some non- recurring business expenses. In addition, we impaired CAD$1.0m (AUD$1.1m) related to Canadian tax. 4...
Pricing Information Each Fund or its designee will furnish Plan Provider on each business day that the New York Stock Exchange is open for business ("Business Day"), with (i) net asset value information as of the close of trading (currently 4:00 p.m. Eastern Time) on the New York Stoc...
the dues and fees you pay to any such group are deductible. However, the expenses you incurred to enroll in the program, such as admission fees, are not deductible because the IRS considers it a type of investment. Payments to unions are also allowable tax deductions...
Input tax credit is considered very significant for every business unit which is always in the need to invest in the business in the manner of capital. The need for capital is required each and every time a business gets ready for its next project. This time in GST, a business unit will...
with two goggle eyes whereof one was a fixture, a rubicund nose, a cadaverous face, and a suit of clothes (if the term be allowable when they suited him not at all) much the worse for wear, very much too small, and placed upon such a short allowance of buttons that it was marvellou...