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Is it legal for a business to gift money to a charity in relation to a specific project that company is doing and can this be exempt from tax as it is being gifted to a chosen charity?
In the US, (you appear to have an British flavor to your Q), contributions to a qualified charity are always deductible. When done for a business, I wpuld suggest that it woyuld be a promotional/advertising expense, even if not to a qualified charity...which of course is also a deductible business expense.
When is no tax day in Missouri?
This should help, just go to this website and it will explain the No Sales Tax Holiday. It always starts @ 12:01a.m. on the first Friday of August and runs until the following Sunday. Just go to this website and it will explain the No Tax Holiday. http://dor.mo.gov/tax/business/sales/taxholiday/school/
Can you claim car repairs on your taxes?
Only if the car is used entirely for your self employment business purposes. Or, if it is used partly for your personal use and partly for your business purposes, you can prorate costs and claim the prorated business expense, but only if your personal and business use mileage is documented. A small notebook or journal kept in the car to log trip mileage and trip purpose is usually acceptable documentation, you don't need anything fancy. Just work out the percentage of mileage driven for business purposes compared to total mileage, and apply that percentage to your total expenses (gas, maintenance, repairs). That portion of your expenses is tax deductable. *The above answer is a generalization and applies to most, but possibly not all, Canadian and U.S. jurisdictions. Refer to local tax regulations or confer with a certified tax consultant of some sort for your individual purposes.*
What type of license is needed to start a security business in California?
Let's start with the basic business license. Most cities and/or counties may require that if you are starting a business you will need to first acquire a business license. What is a business license? By definition a business license is a legal authorization in document form issued by municipal and/or state governments and required for business operations. Don't get this confused with DBA. So then what is a DBA? DBA is an abbreviation for "doing business as." Certain jurisdictions may also use the terms fictitious business name, trade name or assumed name. DBA registration is necessary if your business operates under a name other than its legal name. For a corporation, LLC, or other state registered entity, the legal name is the name on the filed articles. For all other business entities, the legal name is the personal name of the business owner or owners. Conducting business and opening a bank account under any name other than your legal business name is only possible after fulfilling your state's DBA filing requirement. And what if you are selling items? Do most states require a state seller's permit? If you sell, lease personal property or sell taxable services at a retail or wholesale level, you are required to obtain a Seller's Permit. If you have more than one location where sales are made, a separate license is required for each location. You must obtain a State Employer Identification Number Also Called a State Tax Id EIN if you: Pay wages to one or more employees If your business is a corporation and you are an employee of the corporation (recommended so you can obtain all the tax free and deductible corporate fringe benefits) if you are a sole owner and the sole employee of your business getting an EIN is not required as long as you report the financial results of your business on Form 1040, Schedule C. The IRS and the Social Security use your social security number to track self-employment tax. A federal tax identification number (also know as an employer identification number or EIN), is a number assigned solely to your business by the IRS. Your tax ID number is used to identify your business to several federal agencies responsible for the regulation of business. Any business offering products or services that are taxed in any way must get a federal tax ID number. Here are some important resources to remember when filing for any of the above documents mentioned in this article. Just refer to the link below to get not only just in-depth information, but also excellent professional assistance. You won't be disappointed.
Do you need a business license for Photography in the state of Mississippi?
This will depend on the type of work you do. If you own a shop and want to sell your work at your shop, you will definitely need a business lisence. Or you might want to make a book of your work, in that case you will probably need to find a publisher, in that case they would have the business lisence.
What types are items are tax exempt for a business?
Items that a business buys with the intention of reselling them are exempt from sales taxes. However, the business has to charge sales tax when it does resell that item.
Is a LC small business tax exempt?
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
Not tax exempt do i tax this?
Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.
What is a statutory exemption?
An exemption is something that is excluded. In taxes, there are various tax exemptions and types of income that are exempt from tax. There are also certain types of organizations that are exempt from tax.
Can you open a profitable business on tax-exempt property?
Generally not...loses exemption if not used for the exempt purpose
Are a Tax ein number and a tax exempt number the samething?
NO - a tax EIN number is an Employer Identification Number. This is like a Social Security Number of sorts for a business. If a business is Incoporated and/or has employees this number identifies the business as such and is the number the payroll taxes are filed under. It has nothing to do with the tax exempt status.
If you are a church is mandatory to obtain a tax free status from the government?
No, not at all. In fact, many are denied tax exempt status. (And even if tax exempt...that pertains to only certain activities...with some minor exclusions -normal "business" done by a church (or any exempt) is taxable pretty much like a normal business.
What type of diesel should you use in 02 2.2dci?
there are two types of diesel, the standard daily driver kind and the commercial tax exempt kind. if you are running tax exempt diesel you will be fined.
where to buy tax exempt bonds?
You need to first do some research on the different types of tax exempt municipal bonds. Here is a website that can help with this: www.investinginbonds.com/learnmore.asp?catid=8&subcatid
Is insulation tax exempt?
NO. Insulation material is not exempt from income tax.
When were tax-exempt MMMFs created?
Tax-exempt MMMFs debuted in 1979
Are computers tax exempt under the Virginia tax holiday?
No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!
