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A self-assessment tax return is a document employed by individuals (such as the self-employed) to declare their earnings, compute their...

The Supreme Law of the land is the Constitution of the United States together with the federal laws enacted under the constitution as...

The Sales Tax in NYC Sales Tax is a blend of New York State, City, and Metropolitan Commuter Transportation District taxes that is...

A Payroll Deduction Plan is a system under which an employer automatically deducts an approved value or amount out of the gross pay of...

Any individual or an entity (such as a firm or a company) which is required by the law to pay taxes to a government (federal, state or...

No, Google does not provide a full-fledged accounting application (such as QuickBooks or Xero). Its productivity suite is centered on...

Reverse charge VAT will place the duty of reporting and paying the Value Added Tax on the business customer rather than the supplier...

Gross wages refer to all the money that an employee gets earned by an employer without deductions being made to pay taxes, benefits and...

A tariff is tax levied on imports by one country on other goods. It is to increase revenue and safeguard domestic industries by...

Gross profit is the revenue of a company, less its Cost of Good Sold (COGS). It indicates that profitability of the main operations of a...

The direct cost that can be ascribed to the manufacture of the goods or services sold by a company is referred to as Cost of Goods Sold...

An expat (expatriate) is someone who resides and even works in a country other than his/her home country, usually retaining connections...

A Compulsorily Convertible Debt (CCD) is a financial instrument that, according to its design, will be obliged to change into the equity...

The CFO is not superior to the CEO, no. The most senior executive is the CEO (Chief Executive Officer) who makes key corporate...

A business proposal refers to a written document that is forwarded to a potential client in order to get a business agreement. It also...