Since the reform and opening up, in order to attract foreign investment, China has formulated a series of foreign tax credits preferential policies, the implementation of these policies and measures making the scale of foreign businesses rapid growth.After Chinas accession to the WTO, tariffs dropped significantly and the degree of market opening further increase. In order to create a fair competitive market environment and promote foreign and...more
With tax laws constantly changing it can be a good idea to use a CPA to prepare your taxes. There are other companies that offer the service, but they often aren't cheaper and nor do they offer a personalized service. In the end what you are paying an accountant for is protection. Most families and most small business's can benefit.A CPA is a certified public accountant. They can prepare taxes, handle audits, and even save your records from year...more
Author: EricIncome taxes are levied by the Federal government, most states, and some local governments. Federal governments usually attempt to assure the collection of income taxes by requiring certain pay-as-you-go procedures (e.g., withholding requirements for employees and estimated tax prepayments for other taxpayers). The responsibility for administering the federal tax rests with the Treasury Department. Administratively, the IRS is part of the Department of the Treasury and is responsible for enforcing the tax laws. The income tax base is the amount to which the tax rate is applied. In the case of the Federal income tax, the tax base is taxable income. Taxable income is gross income reduced by certain deductions. The tax rates are applied to the tax base to determine a taxpayer’s liability. The tax rate is progressive. A tax is proportional if the rate of tax remains constant for any given income level. For example, Susan is a single taxpayer, and has $12,000 of taxable income. She pays a tax of $1,200, or 10%. If, however, Susan’s taxable income is $40,000, her tax will be $4,800. This will be average tax rate of 12%. The tax is progressive since higher rates are...more
Barber might be willing, but return to NFL won't be easy Someone hasn't told Tiki Barber, soon to be 36, that running backs are a tad passé once they hit 30 years of age. Or, that taking off for four seasons and trying to come back is pretty much a right held exclusively by boxers, coaches and the Olympics. where to buy cheap...more
2011 NFL Draft Preview – Defensive Line NFL Picks Over the past few years the focus in the first round of the NFL draft has shifted somewhat away from the skill positions, other than quarterback, and has gravitated more towards the defensive line. Last year DT's Ndamukong Suh and Gerald McCoy were selected No.2 and 3 overall and in...more
Payment taxes are a huge source of revenue for government. It invites tax payments from business owners, companies and individual taxpayers. So any delay in tax payments will invite many issues such as penalties, legal notices and other compliance. Following the guideline of tax provisions and paying tax in time will keep off all the issues and will keep your account absolutely neat and clean. Especially if you are a small-business owner, paying a moderate tax on your sales will not only improve your business but most importantly you will be able to derive more loans as a taxpayer. Therefore, regular taxpayer will have many more benefits for improved financial status. Keeping good benefits in view, government always makes it sure to encourage taxpayers to pay their tax in time offering lot of incentives and tax cuts at different levels. Nevertheless, knowing about tax payments necessarily requires some regulations as tax laws are enacted at national level, and every taxpayer is entitled to receive tax cuts wherever applicable. However, this is also subject to many taxes provisions that must be followed in detail. So knowing about tax payments require that you should first read...more
Using Cost Segregation Studies To Tax Advantage The Noted English economist John Maynard Keynes once stated that "[t]he avoidance of taxes is the only intellectual pursuit that carries any reward." While the absolute truth of that...more
When The Tax Return is Wrong When The Tax Return is WrongDo you have a tax accountant who guarantees their work...in writing? Sure, some guys might say: "We'll make it right if we screw up", but then the stuff hits the fan and they...more
Choose your Illinois tax accountant very carefully Filing tax returns is very important for every individual, to make correct filing you need a professional who can help you in determining the kind of tax you are out to pay and that is...more
Seeking Out Tax Increment Financing Continues To Be A Feasible Pursuit In the current environment of tight capital markets and difficult economic conditions, financing development projects through public – private partnerships is...more
Tiered Valuation Discounts: The Tax Court's Position on the Russian Doll Copyright (c) 2011 Sean SaariAs little boys or girls, many of us had an opportunity to play with a "matryoshka" doll - also known as a Russian nesting...more