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Business Taxes

Depending on the type of business, a company is mandated by law to pay any of these types of business taxes: corporate franchise tax, employment tax, excise tax, gross-receipts tax and value-add tax.

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Is a subscription to the Wall Street Journal tax deductible?

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Asked by Wiki User

In most cases, a subscription to the Wall Street Journal is not tax deductible as a personal expense. However, if you use the subscription for business purposes, such as staying informed on market trends for investing, you may be able to deduct it as a business expense. It's recommended to consult with a tax professional for personalized advice.

What are the 25 most censored books in the US?

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Asked by Wiki User

Some of the most commonly censored books in the US include "The Catcher in the Rye" by J.D. Salinger, "To Kill a Mockingbird" by Harper Lee, "The Adventures of Huckleberry Finn" by Mark Twain, "1984" by George Orwell, and "Harry Potter" series by J.K. Rowling. These books have faced challenges in schools and libraries due to themes, language, or content deemed inappropriate by some individuals or groups.

Sap accounting software?

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Asked by Wiki User

SAP, or Systems, Applications, and Products in Data Processing offers a range of accounting software solutions designed to streamline financial processes for businesses of all sizes. SAP's accounting software is renowned for its comprehensive features and ability to integrate with other business modules, providing a holistic view of financial data. Here are some key aspects of SAP accounting software:

SAP ERP Financials: SAP ERP Financials is a core module within SAP's enterprise resource planning (ERP) software suite. It covers various financial processes, including accounts payable, accounts receivable, general ledger accounting, asset accounting, and financial reporting. This module ensures accurate financial data recording and reporting.

SAP S/4HANA Finance: S/4HANA Finance is the next-generation finance solution from SAP. It offers real-time financial processing, simplification of financial tasks, and improved reporting capabilities. S/4HANA Finance is designed to provide a more efficient and agile finance function.

SAP Business One: SAP Business One is an affordable ERP solution tailored for small and medium-sized businesses (SMBs). It includes accounting and financial management features, such as general ledger, accounts payable, accounts receivable, and budgeting.

SAP Analytics Cloud: SAP Analytics Cloud is a cloud-based platform that combines business intelligence, planning, and predictive analytics. It allows finance professionals to analyze financial data, create interactive dashboards, and perform financial planning and forecasting.

SAP Concur: SAP Concur is a travel and expense management solution that helps businesses manage travel expenses and automate expense reporting. It integrates with SAP's accounting software to ensure accurate expense tracking and reimbursement.

SAP Tax Compliance: SAP offers tax compliance solutions to help businesses comply with tax regulations in various countries. These solutions automate tax calculations, reporting, and filing, reducing the risk of errors and non-compliance.

SAP for Banking: SAP provides specialized accounting and financial software solutions for the banking industry. These solutions address the unique needs of banks, including core banking processes, risk management, and regulatory compliance.

SAP for Insurance: SAP offers insurance-specific solutions that cover accounting and financial aspects of the insurance business. This includes policy administration, claims management, and financial reporting for insurance companies.

SAP for Retail: Retail businesses can benefit from SAP's retail solutions, which include financial modules for managing sales, inventory, and pricing. These solutions help retailers optimize their financial processes and improve profitability.

SAP Industry-Specific Solutions: SAP provides industry-specific accounting solutions for various sectors, such as utilities, healthcare, manufacturing, and more. These solutions cater to the unique financial requirements of each industry.

SAP accounting software is known for its scalability, allowing businesses to adapt and grow without major disruptions to their financial systems. It also emphasizes data accuracy, compliance with accounting standards, and real-time reporting for informed decision-making. And looking for SAP SuccessFactors Course training then contact Croma Campus.

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Saving money for a purchase and letting the interest work for you rather against you is called?

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Asked by Wiki User

Saving money for a purchase and allowing the interest to accrue in your favor is known as "earning compound interest." This strategy involves reinvesting the interest earned, leading to exponential growth over time. By harnessing the power of compounding, individuals can maximize their savings and enhance their financial well-being.

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What are the job duties of a financial accountant?

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Asked by Wiki User

I am so sorry but I am not the person to be asking... But I think the job duties are.... Doing peoples taxes for money=]

What about keeping financial records, project future earnings, preparing financial reports and analyzing budgets.

How do you find your ein number?

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Asked by Wiki User

If you previously applied for and received an EIN for your business, but have since misplaced it, try any or all of the following actions to locate the number: Find the computer-generated notice that was issued by the IRS when you applied for your EIN. This notice is issued as a confirmation of your application for, and receipt of an EIN. If you used your EIN to open a bank account, or apply for any type of state or local license, you should contact the bank or agency to secure your EIN. Ask the IRS to search for your EIN by calling the Business & Specialty Tax Line at (800) 829-4933. The hours of operation are 7:00 a.m. - 10:00 p.m. local time, Monday through Friday. An assistor will ask you for identifying information and provide the number to you over the telephone, as long as you are a person who is authorized to receive it. Examples of an authorized person include, but are not limited to, a sole proprietor, a partner in a partnership, a corporate officer, a trustee of a trust, or an executor of an estate.

What is the normal account balance for the accounts payable ledger accounts?

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Asked by Wiki User

The average account balance in the accounts payable ledger is a credit balance, which implies that the credit side of the AP account should always be a positive balance. It is a liability on the balance sheet showing the amount the firm owes its vendors. A credit entry is made to the AP account whenever a firm purchases credit.

The AP balance falls when the firm makes debit entries to pay off its obligations to its suppliers. A company’s outstanding obligations to its creditors are represented by a credit balance in the accounts payable ledger. Are you searching for experts to handle your accounts payable in Ireland accurately? Feel free to contact Outbooks at +44 330 057 8597 to learn more about our customised AP solutions in Ireland!

What is net of vat?

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Why does the cable company have so many taxes?

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Asked by Rhunter961

The only thing I could think of is they are involved directly In Interstate commerce, which as we all know falls under the scope of the Federal Government. This also applies to all Radio and Television stations, and obviously the Phone companies.

Is there vat on carpet?

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Asked by Wiki User

In Europe, there's a VAT ("value added tax") for all goods and services. In the United States, we have sales taxes rather than a VAT.