The bottom line is that thereshould not be any capital gains tax. It’s avery destructive formofdouble taxation. As such, the Harris plan toexpand this destructive levyis a “nutty idea.” P.S. A lot of my lefty friends are upset that theWashington Postis not endorsing Harris. My perso...
Deductions: Employee and Self-Employed Expenses In this module, we discuss several unique situations where the same expense may or may not be deductible, dependent on the facts and circumstances surrounding the situation. To finish off this module, we’ll switch back to discussing income and situa...
PR 2005/3 – Living accommodation benefit provided for employee by employer (Addendum in 2009) This article endeavours to bring together the advanced aspects of personal taxation to afford the candidate an overall picture of taxation of individuals in Malaysia. The as...
the IRS to make individual determinations of unreported tips for each employee when calculating FICA tax, the Court held that the IRS could make employers report their gross sales on a monthly statement to help determine tip income. Employees also must report their tip income monthly on a form....
The LLC owner doesn't get a salary and isn't an employee. Instead, they take out money as needed from the business. The owner will also put money into the business as is necessary by making a contribution from their own funds. If a couple that's married owns the LLC, it will still...
For an employee, that same contemporaneous documentation of transactions is equally vital so they can reconcile future capital gains and losses. 3. Charitable contributions The rules around charitable contributions using digital assets are the same as those for donations of property. The IRS allows ...
Many companies seek to address working capital needs by undertaking capital raising in various forms or by corporate reorganizations during this economic slowdown. A number of current and emerging issues for companies operating employee share plans (ESP) which undertake these transactions are outlined.关...
entrepreneur in the top tax bracket increased by 11 percent the likelihood of hiring at least one employee. However, the magnitude of these effects, and their impact on aggregate employment, are not well enough understood to hazard a numerical estimate of their growth effects”. Tanzi (1996:20...
Compliance: You'll need to file a Form 5500 annually to meet regulatory requirements. Customization: A 401(k) plan can be as simple or as complex as you prefer. It mostly depends on your business needs and goals. 6. Employee Assistance Programs ...
(2 marks) (b) Calculate the VAT position of Marine Life Enterprises Limited and the other two group companies for the year ended 31 December 2011. You are to assume that all the three companies are VAT compliant and that they do NOT form a VAT group. (5 marks) (15 marks) 14 This ...