The phrase taxation without representation describes a populace that is required to pay taxes to a government authority without having any say in that government's policies. The term has its origin in a slogan of the American colonials against their British rulers: "Taxationwithout representation is...
Intangible property describes assets, such as stock and bond certificates, that represent current or potential value but don't carry intrinsic value. While these items are merely pieces of paper, they might represent significant amounts of money. Other types of intangible property, such as a brand...
Income is considered passive when effort is front-loaded. In other words: Passive income is earned through an initial application of labor or financial investment, with compensation following for a sustained period. Active income, on the other hand, describes a reciprocal exchange of labor and reve...
The term working poor describes many people who work hard every day and still can’t provide themselves or their families with the average necessities of life. Great debate exists about whether a nation should make certain that employers operating in its country must offer a living wage as ...
Americans living abroad are often subject to double taxation. This happens when you owe taxes to both the US and your country of residence. Self-Assessment Quiz Are You Ready to Move Abroad? Choose the answer to each question that best describes you or your current situation, and learn how...
This article describes features that are new or changed for Microsoft Dynamics 365 Finance, version 10.0.7. This version has a build number of 10.0.283 and is available as follows: Preview release is in October 2019. General availability (self-update) is in November 2019. ...
This article covers the different steps of invoice reconciliation, describes the process in detail, and offers recommended practices to increase its efficiency. Pro-tip To reduce errors and save time, integrate automation tools into your invoice reconciliation process. Automated processes are audited regu...
Partnership income such as royalties or advertising on property Gains Gains are also sometimes referred to as other income. This term describes the revenue received from long-term assets that are sold, such as land, equipment, or subsidiary companies. Gains are considered to be a one-time income...
Osterwalder and Pigneur (2010) stated that “a business model describes the rationale of how an organization creates, delivers, and captures value” and presented one of the most cited definitions. A business model can be also something that can be defined as a construct rather than a semantic...
is profit before tax is considered in calculating national income? SmartCapitalMind, in your inbox Our latest articles, guides, and more, delivered daily. Categories Finance Taxation Marketing HR Accounting Economy Get Around About Contact Find Us ...