profit tax
11Tax File Number — (TFN) is an 8 or 9 digit number issued by the Australian Taxation Office (ATO) to each taxpayer (individual, company, superannuation fund, partnership or trust) to identify their Australian tax dealings. In the past, individuals received a 9… …
12Tax investigation — is an in depth investigation processed by tax authority in order to recover tax undercharged in previous years of assessment. It means that the taxpayer is suspected regarding to tax evasion, or just by random sampling. Reasons * Taxpayer fails… …
13profit — prof·it n 1: gain in excess of expenditures: as a: the excess of the selling price of goods over their cost b: net income from a business, investment, or capital appreciation compare earnings, loss …
14Tax deferral — refers to instances where a taxpayer can delay paying taxes to some future period. In theory, the net taxes paid should be the same. In practice, due to the time value of money, paying taxes in future is usually preferable to paying them now.… …
15Tax information reporting — in the United States is a requirement for organizations to report wage and non wage payments made in the course of their trade or business to the IRS. This area of government reporting and corporate responsibility is continuously growing,… …
16profit related pay — Under Chapter III of Part V of the Income and Corporation Taxes Act 1988, companies which allocate part of their profit of payment to their employees (as a whole) can qualify for tax relief – the additional income by employees is tax free.… …
17profit share agreement — England, Wales Also known as a profit participation agreement or exit fee agreement. In the context of a finance transaction, an agreement between a lender and borrower, where the borrower agrees to pay the lender a fee or profit share on the… …
18Tax Executives Institute — (TEI) is a non profit international association of business executives responsible for the tax affairs of their employers. Founded in 1944, TEI has grown to more than 6,000 members in 50 plus worldwide chapters representing 2,800 of the leading… …
19tax certificate — UK US noun [C] PROPERTY, TAX ► an official document which shows that the tax owed on an income, profit, property sale, etc. has been paid: »This document confirms that the company holds a tax certificate …
20tax schedules — Tax forms used to report itemized deductions, dividend and interest income, profit or loss from a business, capital gains and losses, supplemental income and loss, and self employment tax. Bloomberg Financial Dictionary …
