Miss Yellow River
Dear Sir/Madam,

Why rich people pay more tax? When this begin. Since in Asia many countries are not like that? The rich people always say this is not fair to them? What is the theory and basic purpose of this? Why pay probate tax?

Cordially Regards,

Miss Yellow River.

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Mr THOMAS NARTEY
Since, most of the countries who have introduced the Value Added Tax system, to replace the dreaded sales tax have all met with stiff opposition from the other side of parliament as well as the populace at large (all due to ignorance). Is there no neutral, independent Economic institution eg the CPA, to get the two presidential aspirants (who are all preaching for change) to get them to make a commitment to support a change in this direction and also to reduce the complexity of your 66000 page, internal revenue law by codifying it for simplicity sake ?

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Mr YOGESH singhal
Can we make P&L Appropriation a/c in a pvt. ltd. company?

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Mr YOGESH singhal
Which papers are required for filling vat return and what is the procedure for filling vat returns.

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 Debbie Miranda
How do you create a paycheck in qb contractors edition 2008 for hours that did not get paid for on a previous pay check?

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Chris
Can I use a van as an office for my small business and if so what are the tax advantages?

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Miss Laura Morby
How much money can I earn a week before I pay tax?

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dornaroo
I am doing my parents' taxes and I had to file for an extension because I didn't have all of the info I needed by April 15. Now the IRS is processing the return I sent in with the extension request and they want corrections. There letter said not to send in a new return unless instructed to do so. I now have new info...Do I send in a new amended return?

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Mr John  Spragg
I am a married man with no dependants. I have a forces pension of £7800 per annum gross and a salary of 12,000 gross. I have been given a normal 520L tax code on my pension but a T code on my salary but am paying a lot of tax. What should my codes be?

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Ms lisa saunders
I have an idea on how to calculate the net profit but I am a little bit confused I feel that it is Net income divided by sales or maybe it could be net income divided by owners equity? plz help

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Ms lisa saunders
I'm a little bit confused help plz

Is this TRUE concerning the preparation of financial statements? (the gross profit is found by deducting operating expenses from sales? or (The tax and interest are deducted before income profit is reported?) or could it be that I'm wrong on both answers?

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Ms lisa saunders
What does liability mean?

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Janet
What is the capital gains tax rate?

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vickie
I have recently remortgaged my main residence to buy a flat to rent out and provide an income in my pensionable years.

Will I still have to pay income tax on the income from the flat even though the interest I am paying on my main residence now is way in excess of the rent I receive?

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wad
I only received $300 instead of $600 on my rebate. Can anybody tell me why?

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kerlair
How to file accounts?

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beard75
Does it matter if I put a defaulted 401k loan on 2007 or 2008 tax return? I filed it on my 2007 return but the 1099 won't come until 2008. Does this matter as long as I paid the taxes and the 10% penalty?

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doggy
In 1979 I bought a house for $37500. In 1996 I took a $50000 note on a contract for deed. In 2007 that person sold the house to someone who paid off the balance of $39500. How do I report this on my tax return? I dont remember what I did in 1996.

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Mary
How do I make both sides of an accounting adjustment?

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kenseraphin
completing W4 forms when one makes more than the other?

Married couple one works full time the other part time. Who files as head of the household and husband only works part time?

Plus there are 2 toddlers both ours?

We want to get the most for our hard time working.

Please help.

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Mr dipu singh
How I can understand balance sheet simply?

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Cuke
How to go about setting up Sage instant Accounting?

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Ms Lydie Smith
How do costing methods FIFO and weighted average method compare in terms of Net Profit and Balance Sheet values when prices are (a) increasing, and (b) decreasing ? ? ?

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Mrs Patricia Sharrer
I work for a Church and I need to know if I need to fill out a w-3 on each employee with a w-2?

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mjeagle1
What is the current legislation on reclaiming Vat on mileage payments made to employees?

The expenses have been submitted with the relevant vat receipts attached.

Do you reclaim 17.5% of the total expense ?

A long time ago a company I worked for claimed back 1p for every mile travelled ?

What is the current way of reclaiming the vat on the mileage payments?

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Whisperpineokie
I would like to start a bookkeeping service for truck drivers that would include their tax service. I know I would need a course on How to prepare tax's. But my question's are 1. Do I need to be bonded to be a bookkeeper? Or certified? Also can I be an Accountant to the these Drivers while preparing their tax's without being a Certified Public Accountant? What kind of LEGAL questions would I have to deal with in prepforming this service to them?

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chrisrodgers41
What is the purpose of financial accounting

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make a difference
How do you calculate average cost of production, for inventory in a work sheet?

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Abhijit
If an employer in India does not want to issue the salary certificate then what is the alternate way to file the Income Tax return?

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yoshapman
Sometimes, when an auditor-client dispute arises, a 2nd auditor is retained by the client or audit firm to provide an objective report on the issue at the center of the dispute. What are the 2nd auditing firms responsibilities when it is retained to issue a report?

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qldwheels
Does anyone know MYOb?

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Mr JyotiPrakash Nath
What is debenture?

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khalid
What is quantitative methods?

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gengis
What is the difference between an accountant and a chartered accountant?

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ohthatjim
Hello,

My name is Jim Linde; I work accounting for a small manufacturing company in Arizona. Our company has five employees participating in a SIMPLE IRA plan. Due to an oversight in my procedures, I inadvertently mailed some of their 2006 contributions significantly late; the oldest as late as six months. I have hurriedly caught up to get the contributions sent in and have created a new procedure to see that I don't make this mistake again, but I'm uncertain how to proceed. Certainly I need to notify our employees of the error; can you tell me if there are any further steps that our company must take?

Thank you!

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Mr Leon 
We rent space from the company and last year we prepaid them. Do I need to report Prepaid Rent amount on 1099 for last year?

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Grandma
Can unmarried couple living together file joint tax return?

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AVH
What do you do when your balance sheet is out of balance?

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pooch
I have the whole number and the tax percentage i.e. $675 total, tax rate .0675, how do I find the number that with the tax rate bring me to a total of $675?

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cindy
My spouse received a total distribution death benefit on a 1099-R with his name as the recipient but the money was actually shared between himself and his two brothers. Where do we report the funds and are we responsible for reporting the entire amount stated on the 1099-R or just the actual third we received???

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make a difference
Why do organisations do not prepare their income statement on a cash basis?

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Miss Kelli L
Journalize each transaction in a two-column journal, referring to the following chart of accounts in selecting the accounts to be debited and credited.

11 Cash

12 Accounts Receivable

14 Supplies

15 Prepaid Rent

16 Prepaid Insurance

18 Office Equipment

19 Accumulated Depreciation

21 Accounts Payable

22 Salaries Payable

23 Unearned Fees

31 Kelly Pitney, Capital

32 Kelly Pitney, Drawing

41 Fees Earned

51 Salary Expenses

52 Rent Expenses

53 Supplies Expenses

54 Depreciation Expenses

55 Insurance Expenses

59 Miscellanceous Expenses

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Mrs Kitty Miller
If you have eight acres and live above the garage in an apartment that you have just built and you want to build your house next to it in the future can you use the building costs and materials as a tax deductions for a business office? Do you need a separate business mailing address, like unit 1? is it worth it because your business assets are raised and you pay taxes over that?

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lolo85
What is the going concern concept?

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lolo85
Who do companies prepare financial accounting reports for?

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Mrs sheila smith
Help with analyzing and recording transactions

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peggy
I have a nett sum and want to know the gross before the % was deducted, how do I calculate?

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Miss Tayabba Yasin
Why should I hire a particular accountant?

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Mr laxmiprasad vishwakarma
Why in accounts is 'dr' written if the full form is debit? There is no r present in full form?

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Mr Chris DAwes
Actual £778,041

Target £645,000

Variance £133,041

Can anyone tell me what the figure is to express the variance to plan as a percentage of the target for the month?

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