Do I have to file a corporation tax return for a dormant company? If your company remains dormant for any length of time, you have to inform HMRC…

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Yes. Any payment made by your employer under your contract of employment will be taxable as earnings and this includes any pay received during the notice period and…

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Firstly, if the property renovations have been of a ‘capital nature’ i.e. they have increased the value of the property then they can be deducted from the final…

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Who Must File NYS tax return? If you had any income during your resident period or if you had New York source income during your nonresident period, you…

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South Carolina collects a 5% state sales tax rate on the purchase of all vehicles. In addition to taxes, car purchases in South Carolina may be subject to…

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The lifetime learning credit (LLC) is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution. … There is no limit on…

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Which is better old tax or new tax slab? The net tax benefit forgone is higher than the tax liability of Rs. 62,500 under new scheme. For those…

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If the IRS sent you a “notice of tax due” letter, it means that the IRS thinks you have not paid the total amount of taxes that you…

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How is payroll tax calculated in South Australia? Payroll tax is calculated using the formula below: GROSS Taxable South Australian Wages. LESS. Deduction. EQUALS. NET Taxable South Australian…

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Is a tax preparer liable for mistakes? If your tax preparer makes a mistake resulting in you having to pay additional taxes, penalties or interest, you have to…

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