Cherry Bekaert

OCTOBER 9, 2023

Tax Advantages – REITs do not have to pay a corporate tax, so there is a higher available payout for investors. Pass-Through Deduction – 2017 tax reforms allow REIT investors to deduct up to 20% of combined qualified income, including qualified REIT dividends from income tax.

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Cheap Accounting

AUGUST 31, 2023

What taxes will I pay? Tax is paid on profits (income less allowable costs) from your business. The business structure (sole trader or limited company) that you operate under will determine the taxes that are paid. If your profit is less than that, then operating as a sole trader might be the preferred route.

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ThomsonReuters

FEBRUARY 6, 2024

To help companies better understand the nuances, this article will take a deeper dive into the layers of direct tax and the tools and resources to help firms better serve their clients. What is direct tax? Direct tax is a tax paid directly by the taxpayer to the government and cannot be shifted, like federal income tax.

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ThomsonReuters

FEBRUARY 6, 2024

The differences between direct tax and indirect tax are important to understand. Direct tax is paid directly by the taxpayer to the government and cannot be shifted, like federal income tax. In contrast, indirect tax, such as business property taxes, can be passed on or shifted to others.

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xendoo

AUGUST 2, 2023

Fewer options for raising capital compared to corporations Offer greater flexibility in management and ownership structure The multi-member structure can become complex How LLC taxes work LLCs don’t pay corporate income tax. Instead, they pass through their tax liability to the business owners.

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xendoo

AUGUST 2, 2023

Fewer options for raising capital compared to corporations Offer greater flexibility in management and ownership structure The multi-member structure can become complex How LLC taxes work LLCs don’t pay corporate income tax. Instead, they pass through their tax liability to the business owners.

Tax 52

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inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered The Place to establish your corporate entity. The first state to ratify The Constitution levies a franchise tax and a gross receipts tax on companies to generate tax revenue.

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inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

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Menzies

APRIL 25, 2023

Will activities constitute a corporate tax presence? UK-based businesses seeking to operate in the EU for the first time need to establish whether their activities will constitute a corporate tax presence – a ‘permanent establishment’. For example, the provisions set out in France are more onerous than the UK.

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ThomsonReuters

NOVEMBER 1, 2024

← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. For global companies, the stakes are high: non-compliance can result in substantial financial penalties, increased audit risk, and reputational damage.

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ThomsonReuters

JANUARY 17, 2023

What is the importance of an income tax treaty? What tax form does a nonresident alien file? Are nonresident aliens exempt from Social Security tax? FDAP — which is passive income such as interest, dividends, rents, or royalties — is taxed at a flat 30% rate, unless a tax treaty specifies a lower rate. .

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ThomsonReuters

FEBRUARY 24, 2023

K-1s are tax forms that are used for business partnerships to report to the IRS a partner ’s income, losses, capital gain, dividends, etc., from the partnership for the tax year. With the K-1, a partner’s earnings can be taxed at an individual tax rate versus the corporate tax rate.

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LyfeAccounting

MAY 12, 2021

The income is first taxed through the business with corporate income taxes. This income already includes the dividends and money you took out of the business. Then it’s taxed again on your personal return for any amount you took out of the business as a dividend, or in other words, a distribution.

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Ronika Khanna CPA,CA

MAY 5, 2024

The video below takes you through the process of how to enter shareholder loans for specific situations How to record corporate tax expense, payments and interest/penalties: If your business is profitable, you usually have to pay corporate taxes at the end of the year.

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Ronika Khanna CPA,CA

DECEMBER 2, 2022

If you are paying dividends to a Canadian shareholder, you must issue a T5 slip while non resident shareholders receive an NR4 slip. Small business dividends are non eligible and should be reflected on box 10. Returns filed late are charged a penalty of a $10 per day for which the minimum of $100 and the maximum of $1,000.

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Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Of course if your cat picture website starts to become popular and you decide that you want to actively build this business by advertising on the site or partnering up with cat product resellers, your non commercial hobby could then be considered a business. There are specific rules with respect to tax deductions for clothing expenses.

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