Stamp duty does not apply to transfers or deposits made by a person into another account with the same account name within the same bank.
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Business owners are able to manage their finances when they have sound records of their financials. This in turn helps with tax concerns and enables you to properly allocate financial resources for productive use. Also, it helps you with sharing profit with the business partners.
by Effective small business tax planning requires knowledge of the various rules and regulations, as well as the ability to handle them when they change over time.
by The tax base is generally dependent on Business assets and liability, assets being what you have left for future tax deductions while that of a liability is its carrying amount, remove any amount that will be deductible for tax purposes with regard to that liability in future periods.
by A business cannot shy away from tax-related discussions as it is an integral part of a business that has to be taken into consideration at all times. In order to keep records of the business tax payments with the Inland Revenue Service, a business is expected to have a Tax Identification Number (TIN) that serves as the account under which all tax transactions performed by a business are recorded.
by Start-up and small business owners often feel overwhelmed by tax laws. However, it’s important to understand the basics of how your business is taxed so you can make sure everything is done correctly. We’ve compiled this tax guide for small businesses that will help you get started with understanding your small business taxes.
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