Recent content by Will David

The details regarding the subjects of sales tax refer to information about the tax levied on the sale of goods and services, the rate of the tax, and the persons who are required to collect the taxes, and remittance to the government. It usually incorporates the state and local tax rates...

The Florida state sales tax is 6% though most counties have what is known as a local discretionary surtax (average: 0.5- 2.5 percent) resulting in a total range of sales tax between 6-8.5 percent depending on location of purchase.

You must also submit Form 83(b) of IRS within 30 days after the receipt of your restricted stock with no extensions. Complete form 83(b) election form (type or handwrite). Send it to the office of IRS in which you submit your tax. Add your name, SSN, description of the stock, receipt date and...

An 83(b) election is a tax filing that you fill in case you have been issued with restricted stock commonly issued by a startup. It allows you to pay taxes on the value of the stock at the time of payment as opposed to deferring to the time it vests and may gain value. That is to be filed within...

The available balance or owed balance of money in an account of a bank or credit card or investment account is considered as the account balance; it includes all deposits, withdrawals, purchases, payments, interest and the fees charged to date.

One of the important measures of valuation of small owner-operated businesses is Seller’s Discretionary Earnings (SDE) which determines the pre-tax profit of the business plus the owner compensation reimbursement and reimbursement of interest and depreciation, amortization, discretionary...