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What else can I help you with?
Which tax is paid by business only?
unemployment
How often is sales tax paid?
Periodically in a business depending on the business you are in.
Are life insurance premiums paid tax deductible by a business?
no,
What type of tax is paid directly to the government by the person or business entity on what it is imposed?
direct tax
Is gst paid a liability?
Yes, the Goods and Services Tax (GST) paid by a business is considered a liability. This is because it represents an obligation to remit the collected tax to the government. Until the business pays the GST to the tax authorities, it remains a liability on the company's balance sheet. Once paid, it is no longer categorized as a liability.
Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
What's the percentage of sales tax for business that must be paid?
The percentage of sales tax that must be paid by businesses varies from state to state. Contact your state revenue department for more information.
How much tax has to be paid on glasses business?
There are a number of factors involved. The amount includeds but isn't limited to the amount the business brought in.
Is sales tax paid for business equipment capitalized or depreciated?
Normally, purchases for supplies and equipment used in the business (not for re-sale) are subject to sales tax. Could vary by state.AnswerI think you meant to ask if the sales tax was expensed or capitalized. Any sales tax paid on equipment is considered to be part of the cost of the asset. Therefore its both capitalized and depreciated.
In Washington State if someone gives me a gift such as a printer- that I use in my business do I have to pay use tax on it?
Gifts are subject to use tax if sales tax was not previously paid by the donor.
Do business owners have to pay a tax on rental property?
Property taxes are generally the responsibility of the owner. They are paid for by the owner from the rent he or she receives. If the business owns a property and rents it to others, they must pay tax, but if the business rents the property, they do not.
What is a direct tax?
A tax, such as an income or property tax, levied directly on the taxpayer.Income tax is a direct tax. Individuals and businesses pay direct taxes to the government on a regular basis and it is calculated on all sources of income accrued by the business or individual.
