However, as a business, sales tax compliance isn't as straightforward. There is a process to becoming sales tax compliant and maintaining compliance, as rules, rates and laws often change. As with most complicated topics, it's best to start with the basics. Here’s a guide to what you...
However, as a business, sales tax compliance isn't as straightforward. There is a process to becoming sales tax compliant and maintaining compliance, as rules, rates and laws often change. As with most complicated topics, it's best to start with the basics. Here’s a guide to what you...
The IRS offers unique tax benefits to parents, including a number of tax credits that can help you lower your tax bill. Taking advantage of the tax benefits of having a child can help you maximize your refund and save for your child's future. Learn more
In the United States, individual states and municipalities charge a sales tax on retail purchases to raise revenue for the government.
If you need help determining the status of a worker, you can submit Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding to the IRS. What is a typical payroll cycle? The most common payroll cycle or pay period in the United States ...
When you sell capital assets during the year such as stock, you must report all of those transactions on aSchedule D. The schedule calculates your overall capital gain or loss for the year. If the result is a gain, you may need to pay a capital gains tax and if a loss, you can ded...
Excise taxes are a type of tax charged for specific goods and services, such as alcohol, tobacco, fuel, and airline tickets.
SS EE is an acronym for federal Social Security taxes paid by employees. All employees in the United States pay these taxes out of every pay check, at least up to a certain amount of income. The employer has the obligation to withhold those taxes from ea
Conditional tax is cash basis value-added tax (VAT) that is required in some countries/regions. This tax can be deducted until you have paid the invoice. If the payment method is posted checks, you now have the option to realize the tax during payment or when the posted checks are drawn...
Full retirement age is the age at which you can receive full Social Security retirement benefits. Your FRA varies depending on the year in which you were born.