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Taxation definition business dictionary

business combination A transaction in which one company acquires control of another. Tax-Exempt Bond Liabilities The amount of tax-exempt bonds (or other obligations) issued by an organization on behalf of a state or local governmental unit, or by a state or local governmental unit on behalf of an organization, and for which an organization has a direct or indirect liability. Interest paid on the loan is generally tax deductible (consult a tax advisor to be sure). This is a list of abbreviations used in a business of financial contextDictionary Definition A person who organizes and operates a business venture and assumes much of the associated risk. Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Franchise taxes, like income taxes, are usually imposed annually. The funds may be accessed by writing checks against the line of credit or by getting a cash advance. The wealthy, on the other hand, can afford the basics. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. business cycle Period (usually 12 months) during which the peaks and troughs of activity of a business form a pattern which is repeated on a regular basis. Each year, clubs that exceed a predetermined payroll threshold are subject to a Competitive Balance Tax -- which is commonly referred to as Business Law and Legal Definition Business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Description: In the case of direct tax, the burden can’t be shifted by the taxpayer to someone else. A line of credit secured by the equity in a consumer's home. Apr 22, 2019 · Taxes are regressive when they impose a harsher burden on the poor than on the rich. Actual periodic deduction - a deduction based on the actual amount of wages that you pay in a period if you only pay Queensland wages and are not a member of a group. . These are largely taxes on income or wealth. Glossary of payroll tax terms Get to know the terms below to help your understanding of payroll tax. A franchise tax is charged by a state to businesses for the privilege of incorporating or doing business in that state. For example, a retroactive tax is one that is passed at one time, but payable back to a time before the tax was passed. Any tax decreases their ability to afford these basics. Failure to pay franchise taxes can result in a business becoming disqualified from doing business in a state. Definition of 'Direct Tax'. Tax Household; Tax filing requirement; Tax filing requirement (for dependents) Total Cost Estimate (for health coverage) Transgender People; UCR (Usual, Customary, and Reasonable) Uncompensated Care; Urban Indian programs; Urgent Care; Value-Based Purchasing (VBP) Vision Coverage; Waiting Period (Job-based coverage) Well-baby and Well-child Visits; Wellness ProgramsThe Official Site of Major League Baseball. Definition. Definition: Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity. In poor families, a larger proportion of their income pays for shelter, food, and transportation. business entity A business which exists independently of its owners. It can be used for home improvements, debt consolidation, and other major purchases. The adjective retroactive refers to something happening now that affects the past. A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur

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