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What else can I help you with?
Is owners capital a liability?
Yes owners capital is liability for businss towards its owners to be return back at the even of liquidation of business.
What is the owner equity a credit or debit?
Owners equity is the amount invest by owners in business so it is the liability of the business to return back to it's owners at the time of dissolution so like all the liabilities to business it also has credit balance.
What taxes does a distributor pay?
A distributor will pay taxes as would any other business. They would file the return based on the type of business they are legally. If a sole proprietorship, they would file a 1040 with a Schedule C for the business section. If a C Corporation, they would file a 1120 Corporate return. If a Subchapter S corporation, they will file 1120S. A partnership will file a form 1065 return. Their income is calculated as income minus cost of good sold minus expense will equal income.
Cost of a tax return by CPA?
The cost can vary widely, based on the type (personal, corporate, partnership, business, trust, etc.) the complexity of your tax return(s), the adequacy of your relevant records and documentation, and the skill level of the preparer. CPAs will discuss their prospective fees in advance of performing their service.
What type of income is referred to the income and expenses of a corporation for federal tax puropses?
For federal tax purposes, the income and expenses of a corporation are referred to as "corporate income." This includes all revenue generated from business operations, as well as deductible expenses incurred in the process of generating that income. Corporate income is subject to corporate tax rates, and the net income after expenses is what is reported on the corporation's tax return.
Why is owners equity regarded as a liability to the business?
Owners equity is the amount invested by the owner of business to the company and as a seperate entity it is the liability of the business to return back that amount to owners as owners are seperate entity to business.
What is corporate business?
In a corporate business, many people have invested money into stocks within the company and hope to make a return of funds from their investments.
Is owners capital a liability?
Yes owners capital is liability for businss towards its owners to be return back at the even of liquidation of business.
What is the owner equity a credit or debit?
Owners equity is the amount invest by owners in business so it is the liability of the business to return back to it's owners at the time of dissolution so like all the liabilities to business it also has credit balance.
Is it necessary to hire IRS tax lawyers to file your corporate tax return?
No, IRS lawyers work for the IRS. They CANNOT be hired by individuals. Literally hundreds of thousands of corporate returns are prepared by their owners each year, with limited, if any, "professional" (either accounting or legal) assistance. It is just one of the many parts of running your business. In fact, whether it be personal or business, no one knows your business (hence can plan and present the best return) than you. Contacting the IRS should not be needed unless there is a serious problem or issue with your tax return. You may need to contact an outside tax lawyer to help.
What is the name of a person who caught runaway slaves and returned them to their owners?
A person whose business was catching escaped slaves to return them to their owners was called a "slave catcher."
Should I file your business and home on one tax return?
One person files one tax return for whatever income and expenses that person may have, whether relating to a business or a home. However, if you business is incorporated, then it has to file corporate income tax as well.
Why are dividends important for a business?
Dividends are important because they provide a means to return a portion of a company's annual earnings to the shareholders (owners) of the company.
Why is international management important?
International management is important because business owners want to maximize their profits abroad as well as in their home country. With good management, owners can realize a nice return on their investments.
How do owners have an influence on a business?
The Business Owner plays a strategic role and is not engaged in the day-to-day activities of managing the service. Rather, they focus on the big picture. They define the vision and roadmap. They have the knowledge and authority to make strategic decisions and clear the path of political and financialfinancial
What is the Corporate Bond Yields?
Corporate Bond yields are the amount of return over a period that a bond will return. A good yield for a corporate bond is between 4 and 8 percent although in the current climate this may dip a little
Where would salaries show up on the tax return and where would distribution show up on a tax return?
What kind of tax return? I'm going to assume you mean a corporate or partnership return. Salaries should be deducted as a business expense. There is a box for "salaries" or something similar, depending on the returns. Distributions will typically only be seen on the balance sheet of the return.
