Be Careful With Your Payday Advance

By Harriet Porter


The advance payment is a payment made before it is executed the transaction (i. E. Before the commodity is delivered or the service to be performed). Typically, the payday advance shall be paid on the basis of a contract, annex or proform invoice.

Not due contributions upon withdrawing amounts for payments upon termination of provision or leave outside the regular payment of salaries or advance. Contributions to the account of the insurer shall be imported under the payment of wages, as well as advance payments. The portion of contributions that is at the expense of the insured persons shall be submitted in payment of their fees and are not deducted from prepayments, except where the relevant month has paid only an advance.

It is also wrong to issue a proform invoice for the "prompt" for payment on an already done deal. This is because the transaction is normative basis for issuing an invoice, which is already a tax document, and there are accounting terms, regardless of payment. It is wrong also to issue an invoice for payment before payment has been made.

The annual tax base shall be determined for each income source separately. The total annual tax base is the sum of the annual tax bases for employment income and your holdings and investments. Tax rate-the tax on the total annual tax base is determined by the total annual tax base multiplied by a tax rate of 10 %.

Taxable income is formed pursuant to the law on corporate income tax tax profit. Like this involving and financial result of the transfer of the undertaking of the sole trader without deletion of the sole trader from the commercial register. Do not include the accounting financial result, formed from the activities that are subject to the alternative tax, under the law on corporate income tax or that is taxed at a patent tax by the procedure of the law for local taxes and fees.

Annual tax return is filed in the territorial Directorate of the National Revenue Agency by the permanent address of the natural person, including the sole trader, carrier of the obligation to pay tax, by 30 April of the year following the year of acquisition of income. With the annual tax declaration declarers also receive and are granted loans above a certain size. Do not declare income tax-free, income, taxable with a final tax and income from employment relationships.

With the changes in the regulations governing the application of the measures in the rural development programme, in conjunction with the payment are introduced two key changes. The first is associated with an increase in the amount of the payment, the amount of 20% to 50% of the amount of the grants. The second change introduces a possibility for the amount of the loan, except with a bank guarantee, to be guaranteed by a guarantee.

Contributions on behalf of the insurers may not deduct from the remuneration of the insured. It may not be reduced by the amount. Contributions for the account of the insured persons shall deduct from the remuneration of the person and imported by insurers.




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