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Personal services include any activity performed in the fields of accounting, actuarial science, architecture, consulting, engineering, health (including veterinary services), law, and the performing arts. [2] A person is an employee-owner of a personal service corporation if both of the following apply: [2] 1.
"the principal purpose for forming, or availing of, such personal service corporation is the avoidance or evasion of Federal income tax by reducing the income of, or securing the benefit of any expense, deduction, credit, exclusion, or other allowance for, any employee-owner which would not otherwise be available," "then the Secretary may ...
Personal service may refer to: Personal service sector of the economy, which delivers services rather than goods; Service of process, delivery of court documents to a person; Personal Services, 1987 comedy film set in a brothel; Taxation. Personal service corporation in United States tax law; IR35, United Kingdom tax law for individuals paid ...
Business services are a recognisable subset of economic services, and share their characteristics. The essential difference is that businesses are concerned about the building of service systems in order to deliver value to their customers and to act in the roles of service provider and service consumer.
Professional services are occupations in the service sector requiring special training in liberal arts and pure sciences education or professional development education. [1] Some professional services, such as architects , accountants , engineers , doctors , and lawyers require the practitioner to hold professional degrees or licenses and ...
Personal line of credit: A personal line of credit is similar to a business line of credit. You get a set credit limit, and you can use up to that amount, pay it back and reuse it as much as you want.
Many small business owners make a common mistake: They use their business checking account or business credit card to pay personal expenses. They figure it's no big deal. They'll either pretend ...
Sean Curran, the head of President-elect Trump's personal security detail, will be tapped to lead the U.S. Secret Service, according to the president's son.