What Is Form W-2 and How Does It Work?TaxAct, Inc.
If you work for an employer, then your employer withholds income taxes from each of your paychecks. That’s because both federal and most state governments collect income tax year-round, not just on April 15.
Every January or early February, you should receive a form W-2 from your employer that lists exactly how much money you made the previous year and how much of it went to taxes.
Form W-2 is one of those forms that you, the taxpayer, don’t have to fill out; your employer provides all of the information on the form. In fact, your employer has to mail you, the IRS and your state the W-2 by January 31 or face a penalty.
What Is Form W-2 and How Does It Work?TaxAct, Inc.
If you work for an employer, then your employer withholds income taxes from each of your paychecks. That’s because both federal and most state governments collect income tax year-round, not just on April 15.
Every January or early February, you should receive a form W-2 from your employer that lists exactly how much money you made the previous year and how much of it went to taxes.
Form W-2 is one of those forms that you, the taxpayer, don’t have to fill out; your employer provides all of the information on the form. In fact, your employer has to mail you, the IRS and your state the W-2 by January 31 or face a penalty.
Step by Step Guide to File GSTR 9A Annual Composition FormSAG Infotech
Check out step by step guide to file GSTR 9A Annual Composition form for the composition scheme dealer for all quarterly transactions in the financial year.
Are You Prepared for a Shifting Market? Prepare now to accelerate your busin...Tom Blefko
When the real estate market shifts, and it will, are you ready to meet the needs of buyers and sellers? We cover listing fundamentals that may have gotten a little stale in this fast moving market. We also cover the following topics: 1. Sewer scan inspections, 2. Transaction reminders, 3. NEW Bright MLS status of Delayed Entry Listings, and 4. Changes in Dotloop file processing.
Is rental income a business income in tax computation?
Full story in our blog
https://lnkd.in/gGAzVUAq
퐕퐢퐬퐢퐭 퐮퐬
Wisma 퐊퐓퐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma 퐓퐇퐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
퐊퐓퐏 (퐀퐮퐝퐢퐭,퐓퐚퐱, 퐀퐝퐯퐢퐬퐨퐫퐲)
An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients
Website www.ktp.com.my
Instagram https://bit.ly/3jZuZuI
Linkedin https://bit.ly/3sapf4l
Telegram http://bit.ly/3ptmlpn
퐓퐇퐊 (퐒퐞퐜퐫퐞퐭퐚퐫퐢퐚퐥, 퐀퐜퐜퐨퐮퐧퐭/퐏퐚퐲퐫퐨퐥퐥, 퐀퐝퐯퐢퐬퐨퐫퐲)
A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients
Website www.thks.com.my
Facebook https://bit.ly/3nQ98rs
VARIOUS FORMS OF INCOME TAX ,BASIC KNOWLEDGE OF GST PPT WHICH REQUIRED FOR A STUDENT TO UNDERSTAND DIRECT AND INDIRECT TAXATION.
STUDENTS STUDYING B.COM AND M.COM WILL BE BENEFITED . FOR PRACTITIONERS ALSO WILL BENIFIT
If you are looking for input tax credit for your firm before filing GSTR-3B you need to file GST TRANS-1. Here is an effort from RGNL and co. to make your filing process easy.
Step by Step Guide to File GSTR 9A Annual Composition FormSAG Infotech
Check out step by step guide to file GSTR 9A Annual Composition form for the composition scheme dealer for all quarterly transactions in the financial year.
Are You Prepared for a Shifting Market? Prepare now to accelerate your busin...Tom Blefko
When the real estate market shifts, and it will, are you ready to meet the needs of buyers and sellers? We cover listing fundamentals that may have gotten a little stale in this fast moving market. We also cover the following topics: 1. Sewer scan inspections, 2. Transaction reminders, 3. NEW Bright MLS status of Delayed Entry Listings, and 4. Changes in Dotloop file processing.
Is rental income a business income in tax computation?
Full story in our blog
https://lnkd.in/gGAzVUAq
퐕퐢퐬퐢퐭 퐮퐬
Wisma 퐊퐓퐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma 퐓퐇퐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
퐊퐓퐏 (퐀퐮퐝퐢퐭,퐓퐚퐱, 퐀퐝퐯퐢퐬퐨퐫퐲)
An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients
Website www.ktp.com.my
Instagram https://bit.ly/3jZuZuI
Linkedin https://bit.ly/3sapf4l
Telegram http://bit.ly/3ptmlpn
퐓퐇퐊 (퐒퐞퐜퐫퐞퐭퐚퐫퐢퐚퐥, 퐀퐜퐜퐨퐮퐧퐭/퐏퐚퐲퐫퐨퐥퐥, 퐀퐝퐯퐢퐬퐨퐫퐲)
A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients
Website www.thks.com.my
Facebook https://bit.ly/3nQ98rs
VARIOUS FORMS OF INCOME TAX ,BASIC KNOWLEDGE OF GST PPT WHICH REQUIRED FOR A STUDENT TO UNDERSTAND DIRECT AND INDIRECT TAXATION.
STUDENTS STUDYING B.COM AND M.COM WILL BE BENEFITED . FOR PRACTITIONERS ALSO WILL BENIFIT
If you are looking for input tax credit for your firm before filing GSTR-3B you need to file GST TRANS-1. Here is an effort from RGNL and co. to make your filing process easy.
After migration from NSDL to TRACE, lots of people are facing challenges. This presentation attempts to compile challenges and solutions to those issues.
Key Changes In 2019 In ITR Forms For Non-Corporate Tax Payers Including LLPsCoinmen Consultants LLP
This presentation has been designed with the thought of explaining the changes introduced in the Income Tax Return Forms (ITR-5 and ITR-7 forms in this case) which are applicable to non-corporate tax payers, such as LLPs (Limited Liability Partnerships) in India.
We’ve carefully analyzed and explained the changes for the said tax payers, so that they can stay updated and we’ve also provided brief points for a plan of action to file their taxes and yield higher tax returns. Read on!
I am not a professional to claim that this is the way to file GSTR-9. But can absolutely claim through my experience, The way I handle any GSTR-9 is represented through this slide. But obvious, by keeping an open mind for me every situation is unique and hence dealt accordingly
Form 990-EZ is filed by the organizations whose gross receipts are less than $200,000 and total assets at the end of the year are less than $500,000. Steps to complete Form 990-EZ are explained in detail .
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
Reconciliation Statement and Certification under GST - Form GSTR 9CDVSResearchFoundatio
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. There are various periodic compliance requirements and filings under GST. Under the Act, certain registered persons are required to carry out GST Audit and in such cases a reconciliation statement in Form GSTR 9C has to be filed. In this webinar, we shall analyse and understand the said form under the Act.
“Most awaited GST Annual Return (Form GSTR 9) and Audit Reconciliation Statement (Form GSTR 9C) are notified by Government vide Notification 39/2018 CT dated 4th Sep 2018 and 49/2018 CT dated 13th Sep 2018. Due date for filing of the same for F.Y. 2017-18 is 31st Dec 2018. Enclosing herewith Master Guide on GST Annual Return and Audit, covering:
§ How to Go Head with Annual Return and GST Audit
§ Important Provisions
§ Analysis of GSTR 9 Form and How to fill the same
§ Analysis of GSTR 9C Form and How to fill the same
Professional should plan their work and ensure to file the said forms before due date, without waiting for extension.”
Thanks & Regards
CA Swapnil Munot
+91 90212 65137
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
2. General Discrepancies observed in
MVAT Audit Report Form 704 filed
Annexure J1 and J2
• No information is filled in Annexure J1
Due care needs to be taken to fill the details in Annexure J1 and
tally with the tax wise details mentioned in Schedule I to V
• Copying TIN of one Dealer and Figures of another Dealer
Due care to be taken in filling up Annexure J1 and J2 as it is
observed that in many cases figures are interchanged.
• Information in Annexure J1 and J2 be net of Returns, D/N and C/N
As the Annexure J3 and J4 are deleted in the new format, the
figures to be given in the Annexure J1 and J2 should be net of
Goods Returns, Discounts, Debit Notes, Credit Notes etc.
• Invoice wise Details are not required in the Annexure J1 and J2
The details in Annexure J1 and J2 are TIN-wise and not Transaction
wise.
3. General Discrepancies observed in
MVAT Audit Report Form 704 filed
Annexure J1 and J2
• Tax Paid in Annexure J2 not reconcile with Annexure E and ITC
Similarly care needs to be taken to fill the details in Annexure J2 to
cover all the purchases whether set-off is taken or not and tally with
the tax wise details mentioned in Annexure E Section I.
Remember to enter the figures at Sr No 12 of Annexure E Section 2
of the purchases and tax paid of which set-off is not claimed so that
ITC can be matched with Annexure J2.
Due care to be taken in filling Net Purchases amount and Tax
Amount in respective columns as in many cases it is observed that
figures are interchanged.
Also ensure that tax amount is not more than the maximum tax rate
applicable multiplied by Net Purchase Amount.
4. General Discrepancies observed in
MVAT Audit Report Form 704 filed
Annexure C and D
• Details of VAT TDS needs to be mentioned in Annexure C and D
TDS deducted as per the provisions of the MVAT Act, 2002 needs to
be mentioned in Annexure D and not the TDS as per the provisions
of the Income Tax Act, 1961.
Other Check-points
• Tax Position as per Part 1 and Schedules
Ensure that the Tax Position as per Part 1 Table 2 matches with
Total Tax Position as per Schedules I to V.
Similarly Ensure that the Tax Position as per Part 1 Table 3 matches
with Tax Position as per Schedule VI.
Mention the items like b/f refund, refund already granted, purchase
tax payable, late fee payable in others wherever necessary.