Search results
Results from the WOW.Com Content Network
The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
That business will likely hire part-time and seasonal help to get through the busy months. Those employees understand that once the season ends, they must find other work. Taxes for seasonal employees
Corvée refers to a person being forced to work instead of paying taxes. Such systems require certain classes of people to labor for a certain length of time, and the person would be free once the corvee obligations were met. While a form of unfree labor, it is also considered a tax, since a person's labor has value. Corvee was often ...
Indirect taxes, specifically excise taxes, are attractive because they have a corrective nature. Such taxes raise revenue and at the same time they correct a market failure through increasing price of the good and thus decreasing its consumption. Therefore, less revenue needs to be raised through other taxes, which could be more distortionary ...
Qualify for Tax Credits. Many people don’t realize that a tax credit is the equivalent of free money. Tax deductions reduce the amount of taxable income you can claim, and tax credits reduce the ...
Tax filing can feel like a never-ending stack of paperwork — especially if you find yourself digging for documents as you try to work through your return. Having a checklist and preparing your ...
Business Two (or an individual) consults with a tax advisor and discovers that the business can structure a sale as a "like-kind exchange" (formally known as a 1031 exchange, named after the Code section) for other real estate that the business can use. In this instance, no tax is due of the provisions of section 1031 of the Internal Revenue Code.
For premium support please call: 800-290-4726 more ways to reach us