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Horizontal Equity Vs Vertical Equity

Horizontal Equity Vs Vertical Equity

September 18, 2023
Bill Kimball

It is much easier to implement the concept of vertical equity on income-based taxes than it is on asset-based taxes. Individual income tax returns, including those for elected officials, are private. The Internal Revenue Service cannot release the information to the public.

In such a case, tobacco taxes are intended to compel smokers to …

Tax Evasion & Tax Avoidance

Tax Evasion & Tax Avoidance

September 18, 2023
Bill Kimball

One example is electing to expense the entire cost of a business asset in the year of purchase. While this will lower your tax liability for the current year, you will not be able to claim depreciation deductions in the future. If you anticipate your business income increasing in the future, you may want to scale back the current deduction so …

Electronic Filing

Electronic Filing

September 15, 2023
Bill Kimball

Pursuant to California Rules of Court, Rule 8.70 and Rule 8.71, all filings in Civil, Criminal, Juvenile and Original proceedings must be made through the Court’s electronic filing system . You must provide a copy of your Forms W-2 to the authorized IRS e-file provider before the provider sends the electronic return to the IRS. They are …

Community Safety Payroll Tax

Community Safety Payroll Tax

September 15, 2023
Bill Kimball

Some states also impose unemployment, disability insurance, or similar taxes on employees. German employers are obliged to withhold wage tax on a monthly basis. The wage tax withheld will be qualified as prepayment of the income tax of the employee in case the taxpayer files an annual income tax return.

Bankrate is compensated in exchange …

Driver Responsibility Program Surcharge Repeal Faq’s

Driver Responsibility Program Surcharge Repeal Faq’s

September 14, 2023
Bill Kimball

Each section of this guide contains information important to your business. If you sell your main residence and buy another, you will not be liable for the 3% surcharge. It is also the first set of results where the Government’s eight per cent surcharge on profit kicks in. Others pointed to the likely waning of buy-to-let investors now …

Claim For Reimbursement For Expenditures On Official Business

Claim For Reimbursement For Expenditures On Official Business

September 13, 2023
Bill Kimball

How to get reimbursed for UW-Madison travel-related and non-travel-related expenses. Particularly for primary care doctors, who already feel that their reimbursements are too low, an enormous cost up front can be a strong disincentive. Thus, one can argue that this provides opportunities for “coding” services such that a higher …