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Accounting scandals; Outline; Business and Economics portal; Money portal In financial transactions, a warrant is a ... to taxpayers receiving tax refunds, to ...
Tax refund, a refund on taxes when the tax liability is less than the taxes paid; Refunding, when debt holders calls back bonds with the express purpose of reissuing new debt; Deposit-refund system, a surcharge on a product when purchased and a rebate when it is returned; Tax-free shopping, allows shoppers to get a refund of any sales tax
In business accounting, the term "write-off" is used to refer to an investment (such as a purchase of sellable goods) for which a return on the investment is now impossible or unlikely. The item's potential return is thus canceled and removed from ("written off") the business's balance sheet. Common write-offs in retail include spoiled and ...
The accounting profession is in a prolonged bear market. In recent years, over 300,000 accountants have left their jobs—thanks to retiring Baby Boomers and middle-aged professionals burning out ...
Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent. [1]Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US [2] [3] law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the ...
For claiming a refund one has to file the income tax return within a specified period. However, under Sections 237 and 119(2)(b) of the Income Tax Act, the Chief Commissioner or Commissioner of Income Tax are empowered to condone a delay in the claim of a refund. [15] Provisions of refund of duty exists in indirect taxation.
This type of dividend is sometimes known as a patronage dividend or patronage refund, as well as being informally named divi or divvy. [ 38 ] [ 39 ] [ 40 ] Producer cooperatives, such as worker cooperatives , allocate dividends according to their members' contribution, such as the hours they worked or their salary.
In essence, the issue of new, lower-interest debt allows the company to prematurely refund the older, higher-interest debt. On the contrary, non-refundable bonds may be callable but they cannot be re-issued with a lower coupon rate—they cannot be refunded.