Sentences with phrase «companies qualifying taxes»

Not exact matches

The province offers tax incentives for these investors, in the form of a 30 per cent investment rebate for investors and qualified companies.

The company cited the 2018 tax reform bill as motivation for the initiative and said that participants in their program can pursue «qualifying higher education or vocational training» that are outside the scope of their current responsibility.

At that point, your company also qualifies for a tax deduction of the same amount.

To qualify for tax deferral, you must buy other U.S. operating companies» securities with the proceeds.

Here's the best part, at least for owners: As long as the $ 4 million is reinvested in what's called «qualified replacement property» — stock in U.S. companies or bonds, but not passive investments like mutual funds — an owner can defer paying what might otherwise be a hefty capital gains tax liability.

After his tax accountant suggested that starting another company may help him qualify for deductions, Hayden started a limousine company in 2008.

«The primary additional costs a company that issues W - 2s must bear are payroll taxes, workers» compensation premiums, and employee benefits for qualifying employees.»

These include the company's qualified retirement plan, the severance program, and other tax - deferred arrangements.

(The trick was figuring out how the company could maintain the program's tax - deductible status as a nondiscriminatory benefit while still ensuring that the children of the company's owner would qualify for some of the scholarships.)

You have all kinds of strategies to consider, including something called nonstatutory options, a gift that makes sense if an IPO is likely; generation - skipping trusts (to pass stock in your private company to grandchildren); and a so - called qualified personal residence trust, if you're looking for tax - free ways to transfer your home to heirs.

Companies that create at least 10 jobs would get favorable treatment under the state's tax credit program, qualifying for up to $ 5,000 for each new job they create in addition to the base tax credit they qualify for.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

If you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plan.

The law contains several provisions favorable to businesses, including a cut in the corporate income - tax rate to 21 %, down from 35 %; the ability to write off qualified investments in new facilities right away, rather than over several years; and the potential for a 20 % income deduction for small - business owners who own companies via pass - through entities.

Free File is a public - private partnership between the IRS and certain tax software companies that allows qualified individuals to file their Federal return for free.

NXRT intends to qualify and elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with its first taxable year of operations as a separate public company.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

In the early days of the program, companies could qualify for the biggest tax breaks by reincorporating under a different name, thus becoming a «new» company with all - new employees.

If NRG's holding companies hired just one worker, the companies» employment would increase by 100 percent in the state's eyes, and NRG would qualify for a full refund of its property taxes.

Precision Valve and Automation builds manufacturing equipment for large companies such as Apple and was told by the state Department of Taxation and Finance that it sends too much of their product overseas to earn the tax credits owners thought they had qualified for.

A Capital Region company is considering moving out of the state after finding out it does not qualify for tax credits and instead owes the state money.

Many of the details about the plan have not been released yet, including the exact criteria to qualify for the tax breaks, though Cuomo has said the companies must be linked to the mission of the specific college campuses.

But she said her company needs to hire interns and part - time employees, and couldn't meet the program's full - time hiring requirements to qualify for tax incentives.

The bill clarified that limited liability companies qualified for these tax breaks.

AGI was taxed to identify companies that will qualify under the arrangement.

The zones will be attached to university campuses or nearby buildings (the campuses are already tax - exempt), and the program also offers a rebate on income taxes for qualifying companies.

Legislation unveiled today would make the so - called R&D tax credit permanent, and expand the number of companies that will qualify.

So how do you separate the natural growth in a company's R&D spending from the extra investment that would qualify it for the tax incentive?

CO2 emissions of 105g / km mean it qualifies for 26 % Benefit - in - Kind (BiK) company - car tax liability.

True, the latter qualifies for even more tax breaks, but the GTE is still a much cheaper company car than any regular petrol or diesel - powered Golf courtesy of its tiny (official) CO2 output of as little as 38g / km.

As a fun company car, the Swift Sport qualifies for the 28 % Benefit - in - Kind (BiK) tax band.

The «Introduction to the R&D Tax Credit» webinar, led by Kirk Chen, will inform participants about what qualifies as R&D in the eyes of the IRS, the basic principles of the R&D tax credit, how the credit could benefit your company, the potential risks involved and moTax Credit» webinar, led by Kirk Chen, will inform participants about what qualifies as R&D in the eyes of the IRS, the basic principles of the R&D tax credit, how the credit could benefit your company, the potential risks involved and motax credit, how the credit could benefit your company, the potential risks involved and more.

For tax purposes, your fund company or broker should separate ordinary and qualified dividends for you in the 1099 - DIV forms.

To qualify for an RAL, you have to pay the company to prepare your taxes for you.

Ordinary dividends on stocks of non-U.S. companies qualify to be taxed at a lower 20 % maximum tax rate if the stock is traded on a U.S. exchange, the corporation is headquartered in a country where the United States has a tax treaty, or the corporation is incorporated in a U.S. possession.

Regulated investment companies: Investment companies that qualify for special tax treatment, avoiding the double income taxation on dividends.

A foreign corporation qualifies for the special tax treatment if it meets one of the following three conditions: the company is incorporated in a U.S. possession, the corporation is eligible for the benefits of a comprehensive income tax treaty with the United States or the stock is readily tradable on an established securities market in the United States.

This is a tax - qualified benefit plan, so any amount that the owner contributes to the plan becomes available immediately as a tax deduction to the company.

This can provide flexibility in the payment of dividends to different family members; a structure to minimize taxes paid by your family unit; multiple access to the qualified small business capital gains deduction (see topic 136); and some creditor - proofing for cash presently accumulated in your company.

First of all, many folks who are employed by a company have some sort of tax - deferred, qualified, retirement savings account available.

Although beyond the scope of this article, the tax complexities can be mitigated by making a qualified electing fund election under Sec. 1295 on Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electqualified electing fund election under Sec. 1295 on Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified ElectQualified Electing Fund.

Some publicly - traded companies generate qualified dividends, which are taxed at a lower rate than other income.

Dividends are generally tax - advantaged in the U.S., with individuals currently subject to a maximum federal tax rate of 15 % on qualified dividends; and corporate taxpayers are generally entitled to a 70 % exemption from income tax on dividends from domestic companies.

Conversely, with some tax - deferred accounts, you may contribute pretax dollars to qualified retirement savings plans, such as IRAs or company - sponsored 401 (k) s, in which case distributions or withdrawals are taxed at ordinary income tax rates when they occur after age 59 1/2.

The QEF election is generally made on Form 8621 («Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund») on or before the due date, including extensions, for the income tax return with respect to the tax year to which the election relates.

Many companies now provide cost basis statements to assist in the tax filing process, but you should always consult a qualified accountant or tax advisor if you don't feel comfortable.

That said, you could qualify for a potentially lucrative tax break on company shares held within a 401 (k), particularly if those shares have appreciated substantially in value over the years (although taking advantage of that break can get complicated).

Federal Income Taxes: Each Fund intends to qualify each year as a «Regulated Investment Company» under the Internal Revenue Code of 1986, as amended.

If you own company stock in such a plan, there is a tax break that could save you a bundle on taxes — if you qualify.

Tax tip: For a company to qualify as a QSBC at the time of a future sale, it may be necessary to take steps now to remove from the company non-active business assets, such as excess cash or portfolio investments.