Related Articles


Related Categories


Recently Added


Business Tax Law

Your Ad Here

Roland Said:

I've a Delaware Corporation, but I'm based in California. Can the business have bank account in CA? tax law?

We Answered:

Yes, the company can have a bank account wherever it wants to. The state of incorporation is irrelevant.

Likewise, income is taxed based on the state(s) of nexus, which is based on the states in which the company has sales, payroll and property.

DE also assesses tax based on the # of shares and the par value of the shares outstanding.

You can follow the link below to read more about how CA assesses tax on 'foreign' (non-CA) corporations, and the process of apportionment of income

Vernon Said:

What is the Internet tax law for sales and use for a small Texas business?

We Answered:

I agree with the first person.

Basically, so far, on the Internet, the precendent is to charge sales tax for sales delivered in Texas if your business is based in Texas. Supposedly, it is the responsibility of the seller, out of state, to pay their own state's sales tax on their purchases from Texas.

What you also need to be aware of is that if you are a business is Texas and you purchase products out of Texas, say from California, and you get these products sales-tax-free, you are supposed to report it to Texas (and pay sales tax to Texas) for those purchases unless you resell the products and collect sales tax on your item then.

The organization that oversees Texas sales tax is The Comptroller of Public Accounts at…

Isaac Said:

What are the sales tax laws on an online business?

We Answered:

Dear CM: This is state question and look at your states dept of taxation to see what services are taxed. You should also get registered with the states taxation authority(get a tax ID number) and learn your filing requirements. Keep good records and possiblly you can claim a home office and computer.

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent

Perry Said:

Foreign based business, tax vat law, trade:ecommerce?

We Answered:

The end customer is liable for VAT in the County where they live (as all those eBay Auction Winners who suddenly get stung for VAT and Customs when goods are posted from USA / Hong Kong etc. have discovered).

Basically a Company pays Tax in the Country where it is based (so if it's Registered in Israel, the Company pays Israeli Corporation Taxes) == it's actually a bit more complex than that, however that's what Company Accountants get paid for).

You (as an individual) pay Tax in the country where you live (eg UK) = if you receive money from the Company, you pay UK Income Tax (if it's wages) or Investment Tax (on Dividends) on that money.

So yes, of course is OK to do business via a foreign based company so long as you pay your taxes ... (a lot of Companies operating in UK are foreign based for tax reasons).

Dale Said:

Is Business Law & Taxation a difficult major to undertake? And what career opportunities follow?

We Answered:

No, business and tax are not hard. You should go ahead and switch over to a BBA though. You should also expect to take on an additional graduate degree -- either a MA in tax or a JD (a law degree).

You can then work as a CPA, lawyer, or in the finance field or corporate world. Tax lawyers do the most interesting work, followed by CPAs at the final four accounting firms. There are smaller firms that would hire you too. The IRS and state tax authorities also hire.

Gary Your Ad Here

Discuss It!

< 10 11 12 13 14 15 >

foot patches for detoxification said:

This is a great article thanks for sharing this informative information. I will visit your blog regularly for some latest post.

رش مبيدات حشريى بالرياض said:

I really appreciate the kind of topics you post here. Thanks for sharing us a great information that is actually helpful.

Fathers Day 2018 Quotes said:

You have a genuine capacity for composing novel substance. I like how you think and the way you speak to your perspectives in this article. I concur with your state of mind. Much thanks to you for sharing.

Grammarly Free Trial said:

Wonderful blog I like it. When I came here, here is so many things and I hope you will post more new interesting post.

marijuana and depression said:

Thank you so much for sharing these tips. I think you are an incredible writer. Please keep sharing.

whatsapp group link said:

I would like to thank you for the efforts you have made in writing this article. I am hoping the same best work from you in the future as well.

daftar situs judi said:

This is a very well written post. I’m glad to find your post. Keep sharing this type of stuff.

music video said:

I'm getting excited post of information. Keep sharing such important posts and looking for music video.

buy twitter followers said:

I read this article. I think You put a lot of effort to create this article. I appreciate your work.

incometaxindiaefiling said:

Your article is very useful and has good knowledge. I appreciate your efforts and all the best. It's very useful information. I will be waiting for your next post.

Carmax said:

this post is good

HR Solutions in the UK said:

All the details are in this post is very interesting and brilliant and I am glad to see this post.

sbi customer care number said:

This is such a great post, and was thinking much the same myself. Another great update.

ดีท็อก said:

I really appreciate this post that you provided for us. I think this would be beneficial for most of the people.

innocent lives said:

Your work is very good and I appreciate you. I waiting more informative posts. Thank you for sharing great information.

Bet the World Cup said:

It is really a helpful blog to find some different source to add my knowledge. I came into aware of new professional blog and I am impressed with suggestions of author

Best Miami Accident Lawyer said:

Thank you very much for the post your article. I like your post and all you share with us is up to date and quite informative. said:

I'm glad to see the great detail here! Thank you very much for the post your article. Visit my link as well.

most useful android apps said:

Thanks for sharing the info, keep up the good work going.... I really enjoyed exploring your site. good resource.

relax cream said:

I am always searching online. There is obviously a lot to know about this. I think you made some good points in Features also. Keep working, great job!