Business Q&A

who can apply,how it ill be useful to entry level employees,how can apply to get this card
answer from chinatrade114.com small business QA
PAN - stands for permanent account number, This is issued by income tax department.
This is required by most of people who have income, who needs to pay tax or get their tax deductions […]

For a mfg business…The terms with having a discount within so many days. Is there a rule or law about having the discount include the sales tax - Or the discount is off the subtotal before taxes?
At my job we have a customer who has 5% discount if paid within 30days. The invoice lists […]

I need one to complete registration at college. This past year was the first I%26#039;ve done taxes =]
answer from chinatrade114.com small business QA
Topic 156 - Copy of Your Tax Return – How to Get One
If you need an actual copy of your return, you should complete and mail Form 4506 (PDF), Request for Copy of […]

depreciation and $1,500 of depreciation. The company had no amortization charges, it had $4,000 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. What was its net cash flow?
answer from chinatrade114.com small business QA
Revenue (9000), less cash operating expenses (6000), less cash interest expense (4000 * 7% = […]

Go to google. Search on Chesty Love. That%26#039;s the stripper who won her tax court case and successfully claimed her 56FF implants as business expenses.
She convinced the judget that they implants were not for personal reasons and would be removed when her career was over.
answer from chinatrade114.com small business QA
Not completely […]

If you%26#039;re approved, the payment amount could vary depending on your income, the state you live in, and living circumstances. The maximum would be roughly $20,000.
answer from chinatrade114.com small business QA
Wait for your first check..muliply the amount by 12 and then that amount times 3……If you qualified for SSI..it is all due to you…
BUT….if it […]

Does the employer deduct this amount each pay period, then report it, because I feel like too much has been deducted from my paycheck.
answer from chinatrade114.com small business QA
No, that isn%26#039;t how it works. See IRS publication 15 if you want to see the formula. (If you make up to X, it%26#039;s 10%, […]

What is the most common Tax program used by tax professional?
answer from chinatrade114.com small business QA
It probably depends on who you are talking about - large accounting firms or small independent preparers? Most smaller software companies have been swallowed up by larger companies who now offer different levels of programs with different levels of service, […]

By groceries, i mean food.
answer from chinatrade114.com small business QA
Literally, it depends on which state you buy them.
As one answerer stated, most food bought at the grocery store in NY is not taxed at all. However, some food, like soda, is fully taxed. In IL, food is taxed at 1%. […]

I started at popeye%26#039;s and they pay weekly and I worked 7 hours the first week and I didn%26#039;t get my check Friday like everyone else and they told me next Friday (this week) I would get a check, my question is If time for my paycheck goes in on Sunday and i worked 11hrs […]