Sentences with phrase «regular business income taxes»

Not exact matches

Much like the title suggests, this part of a cash flow analysis comes from the regular ebb and flow of your business and focuses on the net income (revenue minus the costs of goods, expenses, taxes, etc.).

At low levels of income that definitely makes the Sole 401K (with the $ 18K employee contribution) a better way to shield from taxes, but if someone were to work for a regular company with a 401K in addition to his / her own business, you only get a total of $ 18K as an employee across all plans.

Or are you interested in turning your household's balance sheet into an income fortress that feeds money into your account on a regular basis, and you just accept the 15 % tax rate as the cost of doing business?

Profits are typically taxed as ordinary income and at the «regular» business or personal tax rate.

Or are you interested in turning your household's balance sheet into an income fortress that feeds money into your account on a regular basis, and you just accept the 15 % tax rate as the cost of doing business?

So if you're routinely buying and reselling tchotchkes online, flipping houses or actively day - trading, it's likely the CRA will view your activities as a business venture and therefore tax any gains on your «business inventory» as regular income.

Accounting and Financial Administration Professional — Duties & Responsibilities Develop and maintain a strong and extensive working knowledge of various accounting principles, regulations, tax codes, and applications, continuously applying changes to accounting landscape to current responsibilities Apply various accounting rules and procedures to critical tasks, including the review and approval of journal entries, data and financial reconciliations, balance sheet and income statement accounting, cash flow analyses, account collections, capital utilization and on - going budgetary considerations Provide relevant oversight and administration to all aspects of business finance, including billing and collections, payroll execution, vendor relationships, payroll and salary management, and other pertinent functions Perform regular book reconciliations and variance resolutions to ensure audit - ready financials and provide continuous relevant insight into the financial health of the company, in both a regular and ad - hoc manner, to company management Manage important and sensitive financial documents, receipts, and invoices on a daily basis, providing organization for audit assistance and execution as well as compliance with various accounting standards Perform analysis, research and evaluation of current accounting policies and procedures, implementing change where necessary to drive corporate efficiency, manage costs and drive revenue Facilitate the efficiency and implementation of all accounting operations from concept to execution, while coordinating actions on all daily operational and logistical aspects from corporate financial management to payroll Utilize technological resources, including software and accounting applications, to track all aspects of firm accounting and financial operations as well as prepare important and sensitive tax documents related to all aspects of organizational operations Collaborate with respect to effective communication between all departments and coordinate all daily business operations with other leadership staff and other personnel Work closely with and support senior - level management in budgeting and corporate planning strategies Address client, vendor, and management queries, resolving them in an expedited manner Assist management with various other duties as assigned to facilitate efficient administration and operations, making appropriate and effective recommendations with respect to performance optimization