Taxes

Home-based businesses are indeed on the rise. Working at home definitely has its advantages. Imagine a commute down the stairs, through the kitchen for goodies, with a leisurely look at television to catch up with the news of the day. And what if there is a sleepless night and an …

VAT is the only tax that involves the government not only in collecting substantial money from the private sector but also in paying a good deal of it back to them in the form of input tax credits. 136 countries now have a VAT of some sort and remain at …

IRS usually allows 5 years of business activity before they question if your activity is a business or a hobby. You must show a profit during at least three of the last five years, including the current year. There are exceptions to the basic rules. If your business activity does …