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United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Access to Equity Capital, and Business Opportunities
Author : United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Access to Equity Capital, and Business Opportunities Publisher : Unknown Page : 388 pages File Size : 52,8 Mb Release : 1982 Category : Domestic international sales corporations ISBN : STANFORD:36105119625999
Tax Incentives and Small Business Exports by United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Access to Equity Capital, and Business Opportunities Pdf
Small Business Corporation Stock by Anthony P. Polito,Tax Management Inc Pdf
... describes a number of Code provisions providing special incentives to invest in small businesses. Its principal emphasis is the three provisions benefitting various small business corporations. Section 1045 allows the tax-deferred rollover of gain realized on the sale of stock in one qualified small business corporation into stock of another qualified small business corporation. Section 1202 allows a significant, generally 50%, exclusion for gains recognized with respect to stock of qualified small business corporations. Neither of these two is available for investments in S corporations. Section 1244 allows ordinary loss treatment with respect to the stock of small business corporations, both C corporations and S corporations. In addition, this Portfolio describes two provisions of the Code that grant preferential treatment to investments in small business investment companies, which are a class of specialized investment vehicles defined in the Small Business Investment Act. The first provision, [section] 1044, allows the tax-deferred disposition of publicly traded securities to the extent that the proceeds are used to purchase investments in specialized small business investment companies. The second provision, [section] 1244, grants ordinary loss treatment for losses sustained with respect to stock in small business investment companies.
Rethinking Property Tax Incentives for Business by Daphne A. Kenyon,Adam H. Langley,Bethany P. Paquin Pdf
The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.
167 Tax Tips for Canadian Small Business by Stephen Thompson Pdf
"...a book for every Canadian in a small or home-based business who is struggling with complex tax rules and regulations." —Dale Ennis, Canadian MoneySaver "...easy-going style and avoidance of the more mind-numbing details make for a solid primer on the perks and pitfalls of self-employment. The...one-sentence tips in the appendix are probably worth the price of admission alone." —Gordon Powers, The Globe and Mail "...one of the better books I've seen on the market for small-business owners and better yet, it's all Canadian content." —Linda A. Fox, The Toronto Sun As a small-business owner or a home-based entrepreneur, you have lots of questions about taxes, but very few answers. Fortunately for you, 167 Tax Tips for Canadian Small Business contains a wealth of tax planning advice and strategies to help you save on your business tax bill. So whether you want to do it yourself or reduce what you pay your accountant - not to mention the government - this is how you'll keep more money in your pocket, where it belongs. Packed with tax tips that will save you hundreds, or even thousands, of dollars year-round. Written in a question-and-answer format that's easy to understand, practical, and easy to apply. Features 167 "Tax Beaters" - quick-reference tips that highlight key points - plus three bonus tips to help you save even more! Explains how to save taxes in every aspect and at every stage of your business. Features a Year-Round Tax-Planning Calendar. Coverage includes: business start-up, corporate tax planning, GST/HST, deductibility of home and automobile expenses, what to do if you are audited by the Canada Revenue Agency, CPP and QPP deductions for self-employed entrepreneurs, and much more. The ultimate "tax coach" for every Canadian in a small or home-based business, this book will help you to beat the taxman at his own game!
Make Sure It's Deductible: Little-Known Tax Tips for Your Canadian Small Business, Fifth Edition by Evelyn Jacks Pdf
You earned it, now keep it! Maximize your profits by getting the most out of every tax deduction. No matter what kind of small business you have, you owe it to yourself to take advantage of every legitimate business deduction and personal tax planning advantage at tax time. In the newly updated fifth edition of Make Sure It’s Deductible, Evelyn Jacks, Canada’s bestselling and most trusted tax author and educator, delivers vital tax facts that will save you money—presented in a clear, friendly style that’s easy to read, understand and apply to your own business. Join the more than40,000 entrepreneurs who’ve turned to this tax-saving classic to learn about: What expenditures are fully deductible and which are restricted How to claim expenses under new auto and home office rules Hiring family members and splitting income to keep more of your money Building significant wealth with the capital gains deduction and savvy income re-investment strategies Planning for a secure lifestyle now and in retirement Make Sure It’s Deductible provides vital, practical information you need to increase your bottom line and run a tax-efficient and audit-proof small business. “Evelyn Jacks is well-deserving other reputation as Canada’s most trusted tax advisor. This book could save thousands of tax dollars for anyone who is self-employed, runs a small business, or is thinking of starting one.”—Gordon Pape, bestselling author and editor and publisher of The Internet Wealth Builder
Make Sure It's Deductible: Little-Known Tax Tips for Your Canadian Small Business, Fifth Edition by Evelyn Jacks Pdf
Cut through the grey areas of Canada’s tax code, take advantage of tax incentives, and get the most out of every pre-tax dollar. Rather than wondering “Is it deductible?” –Make Sure It’s Deductible! You owe it to yourself, and your small business, to take advantage of every legitimate business deduction and personal tax planning benefit at tax time, and all year long, so you can increase your cash flow, and build wealth, too. Evelyn Jacks, Canada’s bestselling and most trusted tax author and educator, delivers vital tax facts and tips to save you money. Presented in a clear, friendly style that’s easy to read, understand and apply to your own business, you'll join the more than 40,000 entrepreneurs who’ve turned to this tax-saving classic to learn how to: Determine which expenditures are fully deductible and which are restricted. Acquire new assets for your business while benefiting from generous new tax write-offs. Write off auto and home office expenses that pass the scrutiny of a tax auditor. Hire family members to work in your business, all onside with stringent income splitting rules. Decide whether to incorporate, now that new rules make family income splitting more difficult. Understand the latest tax brackets and rates and how to plan income courses to minimize them. Manage your tax remittances, including tax installments and payroll taxes, as well as the collection and remittance of sales tax Avoid falling foul of the “Tax Gap” by timely compliance with CRA tax filing, including the collection and remission of sales tax from your customers. Enjoy generous capital gains deductions if you decide to sell your enterprise Plan for a secure lifestyle now and in retirement, and more. For vital, practical information you need to increase your bottom line and run a tax-efficient and audit-proof business, this fully updated fifth edition of Make Sure It’s Deductible is the essential reference for your shelf. “Evelyn Jacks is well-deserving of her reputation as Canada’s most trusted tax advisor. This book could save thousands of tax dollars for anyone who is self-employed, runs a small business, or is thinking of starting one.”--Gordon Pape, bestselling author and editor and publisher of The Internet Wealth Builder. Evelyn Jacks, is the president of the Knowledge Bureau and one of Canada’s most prolific business authors. She is an award-winning entrepreneur, having written over 50 books on the subjects of personal taxation and wealth management. Evelyn was appointed to the Federal Task Force on Financial Literacy, which will set a national strategy for financial literacy for Canada, and is one of Canada's Top 25 Women of influence. She lives in Winnipeg,Manitoba.
Government Incentives- Tax Credits, Grants, Cash Reimbursements & Financing What Every Small & Medium Sized Business Owner Needs to Know about Finding by Rosario Marin,Gil Gonzales Pdf
Every year the government gives away over $85 billion in economic incentives to businesses in the form of tax credits/deductions, grants, loans, and cash reimbursements.Ninety percent of these funds go to big businesses that can afford high-priced consultants and lawyers. With this guide, small to medium businesses owners now can learn how to capture these incentive dollars for themselves without having to take on the costs and complications of expensive consultants.
Organisation for Economic Co-operation and Development
Author : Organisation for Economic Co-operation and Development Publisher : Organisation for Economic Co-operation and Development Page : 140 pages File Size : 40,6 Mb Release : 1994 Category : Business & Economics ISBN : STANFORD:36105016000999
Taxation and Small Businesses by Organisation for Economic Co-operation and Development Pdf
Deals with the tax system of small businesses in OECD countries and provides information on the importance of the small business sector and its detailed tax treatment.
Author : Hans R. Stoll,James Walter Publisher : Unknown Page : 65 pages File Size : 49,6 Mb Release : 1980 Category : Small business ISBN : OCLC:7113295
The Impact and Cost of Taxation in Canada by Jason Clemens Pdf
"There is increasing interest in, and recognition of, the need for both tax reduction and tax reform in Canada. This book provides the rationale for tax reform and a road map for that reform. The book includes 5 chapters from leading experts in the field and provides a persuasive, compelling case for tax reform in Canada." "The Impact of Taxes on Economic Behavior by Milagros Palacios and Kumi Harischandra offers a broad overview of the incentive effects associated with taxes that affect our decisions to work more, to save, to invest, and to engage in entrepreneurial activity." "Compliance and Administrative Costs of Taxation in Canada by renowned University of Montreal economics professor Francois Vaillancourt and Jason Clemens provides readers with an understanding of the vast costs associated with administering, and complying with, our current tax system."--BOOK JACKET.
Tax Credit Planning For Business by Genesis Demko Pdf
Limited liability companies (LLCs), like all other businesses, have the opportunity to write off certain expenses on their taxes, reducing the amount of taxes owed by the LLC. The Internal Revenue Service calls these write-offs "deductions." This Taxes Guide is aimed at new and aspiring business owners to tackle small business taxes. From thorough tax planning to tax coverage, rates, and tax credits, it is essential for small business owners to grasp the significance of paying business taxes on time.
