How much compensated parenthood resign from am I entitled to surrounded by Australia?
Question:
A friend of mine from work is going on maternity vacate soon. She is only getting 9 weeks salaried leave. We own both been working for the organisation for 2 1/2 years and are unwavering full time workers. Is she entitiled to more paid give notice?
Answers:
It's not a government sanctioned statutory right. It depends on the organisation that you work for. So not a soul can answer your question save for the organisation you work for.
Are at hand any taxes I.T. applicable if I am working from India (resident-citizen) as a freelancer webdesigner?
Question:
I work for foreign clients and would also like to know what is the criteria for these taxable payments?
Please answer in connection with if I get below professional tax, Income due and or Sales tax or doesn`t matter what.
Does paypal payments in India ( checks converted contained by INR) come under foreign currency?
Thanks for your answers!
sach
Answers:
You will be covered beneath service tax if your gross annual receipts exceed Rs 8 lacs
You will not be covered underneath sales levy
You will have to foot income tax and database Income Tax Returns, however you will be able to achieve a deduction for the expenses that you incur approaching maintaing an office, travelling, depreciation on computers etc
You better approach a Chartered Accountant, he will be surrounded by a better position to help you out
Yes,your income will be taxable,as the income is accrue in india.
freelance pattern designing is not a salary base work so it does'nt come under the excise table. but the tax is applicable for income from other source so it is chargable beneath section 104 table10(c).
u enjoy to pay taxes if your income from any type of service or business is more than the restriction allowed. in your overnight case 1,35,000 is the limit.( contained by case u r a wmoan or 1,10,000 if u are a man ) over and above this u hold to pay due. how u earn is irrelavant, but your INCOME is relavent.
You will be required to pay income excise under the category of income from Business or Profession as a professional which will be required to be calculated as lower than:
gross receipts from Profession
minus expenses in running the profession
Net Profit
The lattice profit will be your net income from Profession and within this other income such as interest income will be added and the figure of taxable income will be arrived on which tariff will be required to be paid after availing admissible exemption of slab
Click on the cooperation below for Income Tax Rates
http://allindiantaxes.com/income-tax.php...
Further, U may not be liable to VAT/service tax as the goings-on are not covered.
38 year female, working as a consultant surrounded by a medical firm, getin(NOTE-not salary) annual income of Rs 9.6 lakhs.
Question:
invested in energy insurance,elss & mediclaim upto 1.1 lakhs.would like to settle only Rs 50,000 p.a as IT.Can I set up a clinic & hire and earnings employees or grant money to my parents? Ahome loan?Any other better options? What is the minimum required books of accounts to be maintain?Can I pay surrounded by cash to my workers?Please agree to me know in detail? I enjoy contacted a CA but received no sataisfactory reply.
Answers:
You can claim expenses which you normally incurr for earn that income they can be anything from paying salaries o your body, conveyance or travelling charges, petrol & fuel expenses, Telephone & Mobile expenses, Any rent that you are paying for the maintaining any organization and any expenses incidental for maintaining such an bureau viz Repairs, Depreciation on equipment inclusing Computers, furniture, Air conditioners, vehicles etc.
You can noticeably pay currency to your employees, you may however hold to deduct Profession Tax from body earning more than Rs 2000 p m if you are base in Maharashtra.buying your house
You can also grasp a deduction for interest on Housing Loan upto Rs 150000, if you enjoy availed any loan for
on an annual income of 9.6 lakhs u want to pay upto 50,000 as export tax. u are day dreaming. you hold not received satisfactory reply from ur CA as u did not beleive him. Even next to maximum saving of 1 lakh below section 80 c and 1,50,000 assumption towards housing loan interest ( if u have taken a housing loadn) you will call a halt upo paying more than 1 lakh towards income tax. After adjectives there is a closing date. This is when all your income contained by in white, If your income is within black ( cash simply ) then u can do what u want next to it.
Pls pay your taxes. As consultant you can claim atmost 60% of your income as expenses (as gross, petrol rent, electricity, mobile etc) you have to reward tax as per toll rules on the rest.
If you get more than 10.0 lakhs as individual income - you are liable to audit, so take care.
Please pay what your CA asks you to money. It is better for you and for India in the long run.
regard
Help 2001 due debt.?
Question:
Received a letter from IRS, vote I owe $4,000 in levy, interest and crap from 2001. I don't even recall file a 2001 tax return. And I did not work that year. Can they do this? I do not even know what question to ask them if I called.
Answers:
Consider contacting the IRS and ask for a transcript of your 2001 taxes, an extension of time to respond to the missive.
This should give you an indication of where on earth they got the information and you may remember what occur. Consider also, contacting a CPA or tax practitioner. CPA will be better and administer them power of attorney to discuss your return.
Sounds like they may hold tried to contact you at the address of record. You indicated you did not directory a return for that year.
I am surprised you do not have a toll lien. You may need to check beside them on this issue also. You may need to profile a return to reduce the export tax obligation/penalties/interest. Did you sell a house that year or stock? You may own had a gain from the supply or if you had a mutual fund, it is possible that you have some capital gain.
Yes, they can calculate your return from the information they own on file and pursue you for the duty and "crap".
You need to work rather speedily to reduce any more interest.
I decision you the best.
The irs should have sent next to the letter the detail as to why you owe them $4,000 within tax, interest, and crap from 2001. You say-so that you don't remember filing a 2001 levy return, and that you didn't work for that year, but they must have have some kind of income reported to them. If you didn't database a tax return for 2001, but they enjoy income for you, they will prepare a return for you, and send you the bill as they own calculated. What you need to do is contact them (there should be a phone number to christen on the letter), and ask them for a copy of what they have for your 2001 income, if they did not include within the letter as to what income they own reported to them for you.
You did not work in 2001, but did you own income? The IRS has income attached to your Social Security Number and no transcript of taxes paid on that income. Since you did not profile a return, the IRS can go spinal column to 2001 and assess taxes on you.
You can call the number on the communication and ask for more information. They can send you a summary copy of the income documents they own.
If you agree that you owe tax for 2001, be paid payment arrangements. If you do not agree, retain a tariff representative to work on your behalf with power of attorney to attempt to draw from the amount owed reduced. You would need to retain a CPA, enrol agent, or attorney.
The letter will vote where they presume you had the income. What they sent be probably several pages long - read through it adjectives. If the income they show wasn't yours, call them - you might hold been the casualty of identity theft. If you sold stocks or something similar to that, you might have be required to file, but might not owe anywhere fundamental what they think you do. If you have "under the table" income that year, they might enjoy caught up near you.
The letter give you the choice of saying "I agree" and paying, or adage "I disagree" and saying why.
Be sure to respond by the deadline contained by the letter.
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When is the 'tax-free' afternoon start surrounded by Texas?
Question:
There's a weekend in Texas where on earth everything has NO taxes, I never hear of it untill this summer when a friend informed me about it.you can solely but school clothes though =(
But does anyone know when does that weekend start? And please know EXACTLY that time b/c I'm going to stay in Austin for a week and I don't want it to travel to waste.
Thanks! =D
Answers:
August 17th, 18th, and 19th!
Happy shopping!!
Go to this website : www.window.state.tx.us/taxinfo...
It is a site provided by the state, that say tax free is when I said! It also list some rules/regulations regarding export tax free.
As I understand it, they own moved it up a week this year and, I think, it is subsequent weekend. You cannot buy everything. The stores have list of acceptable purchases-more than clothes but smaller quantity than everything. I have no belief. I avoid the stores like the plague during that weekend. Too various screaming parents and kids and they all want to fund into your car.
Decalring extra income?
Question:
i am employed and developing websites as a hobby and extra income. with this income wiould i enjoy fill contained by self assessemnt online or register as a business? or is there another bearing of sdeclaring this income without adjectives the hassle of papaer work
Answers:
If you are already on PAYE just contact your local import tax off rime toward the end of the import tax year and tell them you call for a form as you have also be doing some work on a self employed basis. gross sure you keep adjectives reciepts connected to the work you are doing as they will need these and (if you rent/own the property you are working from) you might be capable of claim a third of your fuel bills back .. It is no longer to swarm in the paperwork than it is to walk online . It took me about 15 minutes to do mine this year.
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You would enjoy to declare it as extra income contained by a self assessment form. Make sure you are keeping all your receipts etc. so you can claim them against duty.
Question roughly speaking california state & federal taxes?
Question:
i am trying to find online, any web sites that shows the rates rates for california, federal & state tax.
do you guys know any trellis sites that can show me these tax rates..
appreciation
Answers:
www.irs.gov
www.ftb.ca.gov
You mean income excise rates for various income level. The IRS has this info online - here is the linnk
http://www.irs.gov/formspubs/article/0,,...
I'm sure California have the same info, do a poke about on their website and you should be able to find it, no probelm.
The California charge tables for 2006 are online at:
http://www.ftb.ca.gov/forms/06_forms/06_...
The federal charge tables for 2006 are on page 67-78 of:
http://www.irs.gov/pub/irs-pdf/i1040gi.p...
Can I still claim team leader of household?
Question:
I am divorced with one dependent child. This year my ex-spouse will claim the child as an exemption. Does this imply I cannot qualify as head of household?
Answers:
Sounds resembling you are still single, and you do not plan on getting married this year. And it sounds like the child lives next to you the majority of the time. So yes you can claim head of household.
IRS statement:
You can record as head of household even though you do not claim your unmarried dependent child as an exemption if you congregate all of the following requirements:
1.You are unmarried or considered unmarried on the second day of the year.
2.You remunerated more than half the cost of keeping up a home for the year.
3.A qualify person must live next to you in the home for more than partly the year (except for temporary absence such as school).
You would still be able to claim commander of household, as long as the child lives with you over partially of the year, and you provide over half of the cost for the year of providing a home for the child.
This is a special rule for divorced and separated parents.
Your ex would not know how to claim h of h if the child doesn't live with him, even if he get the exemption this year.
Go to www.irs.gov and start reading. Never trust people you can't see to speak about you the truth. . .and, I guess, you can't trust a lot of them you can see.
Your ex-spouse will claim the child, but the child qualify as your dependent, and you maintain a home for the child and settle for over half the costs of maintain the home.
You qualify for head of household, beside the nondependent child. You do not have to in actual fact claim the child for this filing status.
Comparing earnings check to recompense cheque. How much money is deduct from your salary check contained by Canada compared to USA?
Question:
Example : If I made $500.00 per week in Canada how much go for taxes, insurance healthcare etc. People say that you take-home pay more taxes in Canada because of the healthcare system. I wonder if to be exact true? Disregard the exchange rate, we'll not consider that being much different. I know here surrounded by the USA you can expect to pay nearly 20-25% of your check within taxes. Then you have to settle up for deductables and co-insurance and then the insurance co. still individual pays up to 80% if your lucky after you pay an out of pocket amount of $1000.00 to $2500.00 depending on what insurance co. and plan you own. Please let me know as much detail as possible. Thanks
Answers:
Actually CRA have a calculator, but you should know that each province have a different rate of provincial levy.
Here is the caculator:
http://www.cra-arc.gc.ca/eservices/tax/b...
I would suspect that each state also have its own rate of tax, so it might not be that comfortable to make a comparison.
Is PAN card must for housewife, beside no source of her own income?
Question:
Answers:
PAN No is required for number of transactions such as if U go for any transaction above Rs 50000/- contained by cash U R required to offer your PAN No.Further, even if U open a Bank Account or Demat Account; Bank asks for your PAN No. Thus it is advisable to own PAN No even if U have no taxable income.
You might ask this grill in the India RunEye.coms site - http://in.answers.yahoo.com/;_ylt=aiar0v... ; this is the U.S. site.
No not at at adjectives pan card is used if you want profile income tax returtns.
if at hand is no income of her own no need. but if she get hold of property from her inlaws or parents and that income is with surrounded by i.t purview she has to get your hands on pan card to avoid complications.
I don't suggest PAN card is necessary for individuals have no source of income. So, I think it is not essential for you.
If you want it for ID card purpose, you can take it.
If their is no sources of income,contained by that case PAN is not required provided,she does not hold mobile in her label,does not have any property,not memeber of club etc
but it is polite to have vessel card for bank transactions,even though house wife,do not own any taxable income.
Technically PAN card is not required if you do not have taxable income, however A PAN Card become a necessity if you enter into the following transactions
1. Purchase of Propert / Vehicle
2. Investment in Mutual Funds above Rs 200000
3. Investments within Shares over Rs 100000
4. If you visit overseas or hold sponsored someone for going overseas
Taxing online?
Question:
i want to sell stuff online, but how does toll work online? i tax where on earth it ships from or where it ships to?
Answers:
You don't. Two exceptions.
1. You are selling to someone contained by your own state
2. You have a brick & mortar store within the state where your buyer lives (doesn't nouns like this one applies).
Of course, the states own been complaining for years just about not getting the revenue and they'd like to transmutation the rules. There is no indication that this will happen.
Go or hail as your local state comptroller's office. They are really kind and then you will know only exactly what you need to do.
You would collect sale tax if the item is shipped to an address contained by the same state as you live within.
Income Tax ~ Exemption problem?
Question:
When I originally interviewed for my current job, I didn't imperfection myself as exempt on my W-4 form. I later found out I be indeed tax exempt, and refiled through my mission; however, upon recieving my paycheck today, I find that my check has indeed be gutted by federal income taxes. I complain to payroll, only for them to transmit me "We will fix it for next week, but at hand is nothing we can do almost this week's check." With that said,
1) Is there really nought payroll can do? Is the idea that they already sent the money to the establishment and so they truly cant adjust the income tax out of my check, or do I a short time ago have a indolent bum for a payroll chief?
2) If indeed I can't work it out with my profession, how do I get the lost income charge money back contained by the fastest possible way?
Answers:
I hold done payroll for over 15 years and this is what I can tell you. Depending on the amount of toll withheld a company deposits the taxes weekly, bimonthly, or monthly with a federal depository such as the Bank of America. The IRS have no idea of the breakdown of the money until the W2s are file by the company at the end of the year. They may also report it to the state more frequently. They can hence technically adjust their payroll and give the money final. They just deposit smaller amount the next spell. It just may be that their payroll can't manipulate that type of transaction since it must be done manually. I do the work for a very small company and would enjoy no problem.
If they can't give it support then your one and only recourse is to file for a return next year. There is no path to get it from the IRS hasty since they have no journal of you personally paying the money until they receive the W2s.
In adjectives probability they can do nothing surrounded by Payroll. Call the IRS, and ask them, how to reclaim your deduction. They can push for you.
It can take a remuneration period or two for a W-4 cash to catch up beside the payroll system, depending on how it's done. There probably isn't anything they can really do about it once the check is compensated. You'll get it put money on as a refund when you wallet your taxes - and yes, I realize that's a long time off. But if you get enough for the withholding to be a generous amount, I'd question whether you really qualify to report your W-4 as "exempt". If you are talking $20 or so, what's the big buy and sell? Hard to think of that as "gutting" your paycheck.
Followup: They took out $150 for income excise? Something is very wrong here - and I agree that $150 is huge to the average college student. What do you gross surrounded by a week? Even if the $150 is a combination of state and federal income taxes, and you live in the topmost taxed state within the country, and your original W-4 have zero exemptions, that would indicate that you are making over $600 a week - and if you are, consequently you are almost certainly NOT exempt. Being a college student doesn't trade name you exempt.
No matter how you record your W-4, social security and medicare, totalling 7.65%, will still be taken out.
Look surrounded by your local phone book under U.S. Government for the Internal Revenue Service -Taxpayer Assistance Division.Find the nearest organization to you and go surrounded by person beside ID and your Social Security card.
These folks will not only look up your import tax history but they will look into this matter,plague out the proper forms and get you your refund(if any) for FREE!
State income taxes, Form 1099-div and 1099-b??
Question:
I filed my 2005 taxes next to Turbotax (NEVER AGAIN!!) and received a letter concluding week from Missouri that they had never be filed... I thought Turbotax have taken care of that, but anyway, immediately I have to stir back and wallet my taxes. I have a form 1099-DIV Dividends and Distributions and 1099-B Proceeds from Broker & Barter Exchange Transactions that I received from an narrative that I closed. I had to report this for my federal taxes, but do I enjoy to on my Missouri taxes? And if so, where is that place on the form 1040?
Answers:
After finding out if your returns be originally filed, you should profile or amend your state and Fed returns to pick up the missing income. Otherwise you will receive a notice (maybe surrounded by a year or two) that includes additional penalty and interest.
I'm not familiar beside Missouri, but after looking at the state individual tax form, it looks approaching a piggyback state. Your adjusted gross income from your feed return flows through the state return and is taxed at the state rate, after some adjustments- none of which excludes your investment income.
Regarding the feed return:
Ordinary dividends from a 1099-Div will go on programme B of your 1040 return- check to make sure this is no a nontaxable distribution though. Sometimes you may receive a 1099-Div for payments that decrease your basis within your investment but are not immediately taxable.
Proceeds from a 1099-B dance on schedule D of your return. The 1099-B does not include your taxable gain/loss info though. Hopefully your investment statements will provide the indispensable detail to determine if this is a short term or long permanent status activity and what your starting place in the investment be.
sOUNDS LIKE SOMETHING FELL THROUGH THE CRACKS. (sorry about the cap.)
Did you make copies of your levy return.
Sounds like it would be a 1099-div.
Can a business write rotten uniform as a due estimate? They also verbs the uniform as all right next to the lease.?
Question:
Answers:
sure, business can write off uniform as a tax supposition, as well as the cost of cleaning them.
Yes, they can IF they are required to be used by personnel.
Providing uniforms and laundry for the uniform is a legitimate business expense.
Anything to be exact a legitimate expense for the business may be taken past its sell-by date as an expense.
The three examples that you gave may be deduct. Even an employee may take off the cost of a uniform and its cleaning if he pays for them and if it is required by his employer as long as it is really a uniform and not just something that he wear anyway.
That's a legitimate business expense.
Uniforms are a valid business expense for the business- newly make sure you are not thinking just about taking a deduction for uniform as the employee. These are deductible lone if they are not adaptable for everyday wear- for example, a police uniform is deductible because you can't really wear that to the shopping arcade, but a pair of workboots are not deductible because you can use them while working within the yard.
If the business provides the uniform for the employees, yes that's a lawful deduction. Costs they reimburse to clean the uniform is, also.
Is time off income income tax?if so should it come on a cheque separate from settle up cheque?
Question:
i want to collect it but if its added to my pay not a hundred percent be taxed as tho it be regular pay right?
Answers:
Vacation income is a standard deduction for most team, based for most at 4%. Some contracts negotiate a better rate. It is there, so when you pocket holidays you still have pay envelope coming in and can relish your vacation. It is taxable, it is a regular not a special gift, so if it is paid next to a regular paycheque it will most likely bump adjectives of the other deductions, CPP , EI and due. The best bet is to take it when you are supposed to, when nearby is no other income, when you are on holiday, that way you won't awareness the taxes.
yeah its taxed.and comes as a seperate check..for that week...
It is tax. It comes on a regular paycheck, but itis probably shown as "vacation" or "other".
If you receive a pay check for time off time (in lieu of actually taking the time), next it will be added to the pay time that you received the money in. Since Canada have a progressive tax rate system, that will usually be going to that you will pay a better rate of tax on that time off pay than you ordinarily do on your regular settle up (unless you are already at the highest due rate). If there is a discrepancy at the close of the year, CRA will refund the difference to you when you directory your return.