Your Online Startup

Guidance For Online Startups

Tax

Tax

Tax is a Compulsory Payment

A tax is a compulsory payment made by citizens to the government. These funds are used for the common benefit of the people in a country. Unlike other types of payments, however, taxes have no direct quid pro quo. You…

Tax

The Four Cardinal Principles of Taxation

Taxation is a symbiotic relationship between the state and its citizens. In return for a monetary contribution, a taxpayer enjoys a host of general benefits and protection. This is the most basic principle of taxation. The burden of taxation shifts…

Tax

Tax is a Compulsory Payment

A tax is a compulsory payment made by citizens to the government. These funds are used for the common benefit of the people in a country. Unlike other types of payments, however, taxes have no direct quid pro quo. You…

Tax

What Is Double Taxation?

Double taxation occurs when the same dollar of income is taxed twice, often by different governments. This problem can happen with both individual and corporate income. The first time it happens, the person who earned the money is taxed in…

Tax

Why Tax Planning Is Important

Many people wonder why tax planning is important. After all, it’s a good idea to save money on taxes. But the other benefit of tax planning is avoiding unnecessary litigation. Regardless of whether you own a business or work for…