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Do you put an independent contractor as an expense or income in the general ledger?
An independent contractor is classified as an expense in the general ledger. When you pay an independent contractor for their services, you record the payment as an expense, typically under a category such as "Contract Labor" or "Professional Services." This reflects the cost of the services provided, which reduces your net income. Income, on the other hand, refers to revenue generated from your business activities.
Professional Tax Comes Under Which Accounting Head?
provosions
Is commission income vatable?
Yes, commission income is generally subject to Value Added Tax (VAT) if the services provided are taxable. This means that if a business earns commission by facilitating sales or providing services that fall under VAT regulations, it must charge VAT on that income. However, the specific treatment can vary based on the nature of the services, the location, and the VAT regulations in that jurisdiction. Always consult a tax professional for tailored advice.
Should an arborist charge tax for tree removal in ct?
In Connecticut, arborists are generally required to charge sales tax for tree removal services, as these services are considered taxable under state law. However, if the tree removal is related to a construction project or another exempt purpose, the tax may not apply. It's essential for arborists to be aware of the specific regulations and consult with a tax professional or the Connecticut Department of Revenue Services for guidance on compliance.
What is the proper accounting entry for accrued liability?
WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.
Under what auspices do commodity contracts brokers offer professional services?
In general, brokers are independent traders who bring together buyers and sellers of the same commodity and execute their orders. The broker receives a commission on each of these transactions
Under what auspices do veterinarians offer their professional services?
most veterinary establishments are group practices, either partnerships or larger facilities that hire individual veterinarians and technicians as employees
What is the right expression under the auspice of X company or under the auspices of X company?
under the auspices of
What is the definition of Auspices?
If somebody authorises you to do a specific task for them you are working for them under their auspices. Auspices means endorsement. It means acting on behalf of somebody else with their permission . I you give somebody permission to act for you are giving them your auspices.
What is the meaning of ospisis?
The word is spelled 'auspices' and it literally means 'signs of good luck'. The expression 'under the auspices of' an organization means under that organization's sponsorship.
The Governmental Accounting Standards Board was created under the auspices of what organization?
The Governmental Accounting Standards Board was created under the auspices of the Financial Accounting Foundation.
What is the effect of placing the former immigration and naturalization services INS under the auspices of homeland security?
It seens a chilling message to immigrants who are portrayed as potential terrorists.
Every scout unit operates under the auspices of what?
It's Chartered Organization.
Under what auspices do concrete masons offer their professional services?
Most concrete masons worked for concrete contractors or for general contractors on projects such as highways, bridges, shopping malls or large buildings such as factories, schools, and hospitals
Under what auspices do masonry contractors offer their services?
Masonry contractors often worked as subcontractors to general contractors on construction projects, but some also worked for the facility owners on repair and maintenance jobs,
When was the West African nation of Liberia was founded under the auspices of?
The American Colonization Society
What cars are made in Bulgaria?
In Lovetch, the brand Great Wall is manufactured under the auspices of Chinese entepreneurship
