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Taxes

Payroll tax

One of the essential terms in the field of finance is payroll tax. This refers to the tax that an employer must pay on the total amount of salaries, wages, and other forms of compensation given to their employees. Unlike other types of taxes, payroll tax is not based on individual circumstances, such as one's residence or family status. It is a universal tax that applies to all employees regardless of their personal situation.

Management expenses

When it comes to calculating taxable profits for a trade, the expenses of management are typically deductible. However, for a group of companies, it becomes crucial to deter...

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Cash basis (cash method)

In the world of finance, there exists a method of accounting known as cash basis. This method involves recognizing income and deductions at the time when money is received o...

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Investment deduction

Investment allowance is a tax incentive provided by the government to encourage businesses to invest in capital assets. It allows for a deduction on the taxable income of a ...

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Premium at the issue of shares

When a corporation issues shares with a value higher than its par value, it is referred to as excess of issue value. This amount is not considered as profits and is instead ...

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