Business Definition–noun | 1. | an occupation, profession, or trade: His business is poultry farming. | | 2. | the purchase and sale of goods in an attempt to make a profit. | | 3. | a person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern. | | 4. | volume of trade; patronage: Most of the store's business comes from local families. | | 5. | a building or site where commercial work is carried on, as a factory, store, or office; place of work: His business is on the corner of Broadway and Elm Street. | | 6. | that with which a person is principally and seriously concerned: Words are a writer's business. | | 7. | something with which a person is rightfully concerned: What they are doing is none of my business. | | 8. | affair; project: We were exasperated by the whole business. | | 9. | an assignment or task; chore: It's your business to wash the dishes now. | | 10. | Also called piece of business, stage business. Theater. a movement or gesture, esp. a minor one, used by an actor to give expressiveness, drama, detail, etc., to a scene or to help portray a character. | | 11. | excrement: used as a euphemism. | –adjective | 12. | of, noting, or pertaining to business, its organization, or its procedures. | | 13. | containing, suitable for, or welcoming business or commerce: New York is a good business town. | —Idioms | 14. | business is business, profit has precedence over personal considerations: He is reluctant to fire his friend, but business is business. | | 15. | do one's business, (usually of an animal or child) to defecate or urinate: housebreaking a puppy to do his business outdoors. | | 16. | get down to business, to apply oneself to serious matters; concentrate on work: They finally got down to business and signed the contract. | | 17. | give someone the b
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usiness, Informal. | a. | to make difficulties for someone; treat harshly: Instead of a straight answer they give him the business with a needless run-around. | | b. | to scold severely; give a tongue-lashing to: The
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passengers will give the bus driver the business if he keeps driving so recklessly. | | | 18. | have no business, to have no right: You have no business coming into this house. | | 19. | mean business, to propose to take action or be serious in intent;
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be in earnest: By the fire in his eye we knew that he meant business. | | 20. | mind one's own business, to refrain from meddling in the affairs of others: When he inquired about the noise coming from the neighbor's apartment, he was told to mind his own business. | |
From Dictionary
Tax Definition–noun | 1. | a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. | | 2. | a burdensome charge, obligation, duty, or demand. | –verb (used with object) | 3. | (of a government) | a. | to demand a tax from (a person, business, etc.). | | b. | to demand a tax in consideration of the possession or occurrence of (income, goods, sales, etc.), usually in proportion to the value of money involved. | | | 4. | to lay a burden on; make serious demands on: to tax one's resources. | | 5. | to take to task; censure; reprove; accuse: to tax one with laziness. | | 6. | Informal. to charge: What did he tax you for that? | | 7. | Archaic. to estimate or determine the amount or value of. | –verb (used without object) |
From Dictionary
Deduction Definition–noun | 1. | the act or process of deducting; subtraction. | | 2. | something that is or may be deducted: She took deductions for a home office and other business expenses from her taxes. | | 3. | the act or process of deducing. | | 4. | something that is deduced: His astute deduction was worthy of Sherlock Holmes. | | 5. | Logic. | a. | a process of reasoning in which a conclusion follows necessarily from the premises presented, so that the conclusion cannot be false if the premises are true. | | b. | a conclusion reached by this process. Compare induction (def. 4). | | |
From Dictionary
Related topics from Britannicataxation
Taxes can be distinguished by the effect they have on the distribution of income and wealth. A proportional tax is one that imposes the same relative burden on all taxpayers-i.e., where tax liability ...
income tax
Measurements of taxable income must reflect changes in the value of assets and liabilities. If deductions are taken too quickly or if the recognition of income is unduly postponed, the present value ...
State and Local Affairs
A strong national economy and a conservative political climate prompted states to reduce taxes in fiscal 1997 for the second consecutive year, this time by a net $4 billion, or 1.1% of the previous ...
income tax
Acceptance of income taxation as the fairest kind of tax is based on the premise that an individual's income is the best single index of one's ability to contribute to the support of government. ...
investment credit
tax incentive that permits businesses to deduct a specified percentage of certain investment costs from their tax liability, in addition to the normal allowances for depreciation (q.v.). Investment ...
State and Local Affairs
Buoyed by an expanding economy and spurred by Republican political advances, the states cut taxes by $1.1 billion during 1995, the biggest aggregate state tax cut in a decade. Combined with ...
income tax
The adverse effect of the corporate income tax on investment can be lessened by accelerating the rate at which the cost of new machinery and buildings is written off against taxable income through ...
amortization
in finance, the systematic repayment of a debt; in accounting, the systematic writing off of some account over a period of years.Guinea
Since 1984 the government of Guinea has pursued a slow process of economic reform aimed at reestablishing a free-market system. In 1986 Guinea began a process to link its currency with the French ...
income tax
The taxation of capital gains and losses presents a special set of problems to which different countries have found different answers. An increase in the value of a capital asset-a share of stock, a ...
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So far, I’ve read a lot about the $50 Coupon Code- DNSMSBG -Dragon NaturallySpeaking 10 Preferred. If you were ever worried that you might not be able to afford this product, I’ve heard that they’re offering coupon codes for up to 10% to 25% off in honor of the holidays! They expire at the end of the month, and if you buy this software for the business or company that you work for, you can still write it off as a tax deduction for the year of 2008 if you buy it before the end of the year. AnN.M. gives over $5B in tax breaks every year
Gov. Bill Richardson vetoed an obscure little tax budget bill in 2007 — and it’s a veto that may come back to haunt Santa Fe in a big way. As next month’s legislative session approaches, so do some very hard decisions, as legislators face a looming budget deficit that by all accounts is going to be massive. But now Richardson is leaving just as the financial picture is heading south, and his veto prevents lawmakers from having a clearer picture of their options for finding revenue to keep prHobby Losses
There is a “hobby loss” rule that limits deductions attributable to an activity not engaged in for profit. If the activity is not engaged in for profit, the taxpayer may deduct, in the following order (Sec. 183) Those items whose deductibility does not depend on a profit motive, such as interest, property taxes, and casualty losses Items deductible only if the activity is engaged in for profit (other than depreciation), but only to the extent that the gross income from the activity exceeds thTop Ten Hookups You Should Marry To Survive the Recession
Dude, like you should SO get married to some of the hookups in your circle of friends, I mean, like, dude, come on! 1. Skankus - Dude, you know Skankus! She is the one in your circle of friends who is always hooking up with everybody else and you know if you just LOOK at her she will get pregnant. Man, she is a money machine. Put her working parts to good use. Take care of business and marry her because each kid she generates is a deduction at tax time. Good stuff, unless you enteMortgageNewsClips: Zell Says Spring, Gary Shilling, 5 Risky Assumptions, Alt-A Losses, SIFMA Says Mid 09, AIG Again, Foreclosure Prevention, How To End It, Goodwill Deduction, Loan Mods, Paulson, FC Slows, HECM Predictions
Please be right - Zell expects housing recovery by spring - (Reuters) — … “I believe that in a country that continues to grow and where the population continues to grow, we will see the first signs of equilibrium in the housing market in the spring of 2009 and I will expect by spring 2010 the housing market in the U.S. will look a lot better,” Zell said. … - Crain’s Chicago Business ———— quite interesting - Semi-Annual U.S. Economic Outlook: Collapsing On Schedule, by Gary ShillingTax Filing Tips For Faster And Easier Filing
Tax Filing Tips For Faster And Easier Filing Wouldn’t it be great to get a few extra tips on how to file your taxes? Filing your own individual tax form can be intimidating, but today there are many ways to make your tax filing faster and easier. With a basic knowledge of things to avoid, tax filing is can be much simpler than you might think. ¶ Posted 17 December 2008 † Mike McCoy § Taxes ‡ Comments (0) ° Tagged: drew miles, pathfinder business strategies, tax, tax deduction, Tax deductionsTax Deduction Often Overlooked is Long Term Care Insurance
KIRKLAND, Wash. — Want to keep some of your tax money or get a bigger refund? Then remember, if you have long term care insurance, that deductions are allowed for the premiums you pay. If you don’t have long term care insurance but intend to get it, remember the tax break that will be due you for 2009. This reminder comes from LTC Financial Partners LLC (LTCFP), one of the nation’s most experienced long term care insurance agencies. “Many people with LTC policies don’t realize they can deduct hIt’s Called the Fair Tax, Not the Perfect Tax
Recently on his radio program, Hugh Hewitt raised two objections to the National Retail Sales Tax (i.e. the Fair Tax.) That it would eliminate the charitable giving tax deduction and would eliminate the tax deduction on home mortgage interest. Taking the first objection, as the Fair Tax only taxes retail sales, there would be no tax on charitable contributions. In neither case are you being taxed on the money you give to charity. And for the 70% of us who don’t itemize our taxes, the Fair TaxSave Virginia From Any Federal Auto Bailout
Virginians need to be concerned about what the federal government will do to screw up the economy - like Hoover and FDR did. Bad ideas come from both sides of the aisles and in and out of state. This is a critique of some wrong-headed ones coming out of our Commonwealth. I'm sure there are many more here and across the country.The federal government is supposed to regulate commerce – set standards – for commerce across state lines. It isn’t the federal government’s job to provide “a helping hHome Office Expense Deductions
A deduction for the business use of a personal residence is allowed only if the space is used exclusively and on a regular basis as any of the following: The principal place of any business in which the taxpayer engages. A home is treated as a principal place of business if it is used for substantial administrative or managerial activities and there is no other fixed location for the performance of these activities. A place of business used for meeting clients, customers, or patients. In conneMaking the Most of Tax-Deferred Savings Plans
These gems will also speed you along the road to wealth. Not only can you get an immediate federal income tax deduction or its equivalent for your contribution, but over the years the effects of tax-deferred compounding can be awesome. For instance, if a 35-year-old earning $60,000 a year annually routinely contributes 6% of his salary to a taxable account earning 8% a year, he would have $185,744 by age 65, assuming a 30% tax rate. Not bad. If he were to invest that money in a tax-deferred Will RMD change hurt charities?
Although I'm nowhere near 70½ years old, the required minimum distribution issue has been on my mind of late. Maybe it's because I do have relatives who are older and worrying about their investments. They already had that "never enough money" mindset, and the recent stock market downturn has freaked them out pretty good. So I'm glad for them that, in 2009 at least, they won't have to pull money out of their traditional IRAs or tax-deferred company pension accounts. The 2008 RMD is another matState of the newsroom report
After the Friday meeting that selected the top three editors for the spring semester, the Alligator’s board of directors met with the Alligator staff to review the problems discussed at the crisis meeting and take suggestions for solutions. As the outgoing editor, I summed up the problems/answers I could see in a state of the newsroom report, which I’m sharing here: Turnover – our biggest problem It has become very easy to ascend the ranks of the Alligator. What were prestigious leadershipTax Deduction Often Overlooked: Long Term Care Insurance, says LTC Expert
KIRKLAND, Wash. — Want to keep some of your tax money or get a bigger refund? Then remember, if you have long term care insurance, that deductions are allowed for the premiums you pay. If you don’t have long term care insurance but intend to get it, remember the tax break that will be due you for 2009. This reminder comes from LTC Financial Partners LLC (LTCFP), one of the nation’s most experienced long term care insurance agencies. “Many people with LTC policies don’t realize they can deduct Making the Most of Tax-Deferred Savings Plans
These gems will also speed you along the road to wealth. Not only can you get an immediate federal income tax deduction or its equivalent for your contribution, but over the years the effects of tax-deferred compounding can be awesome. For instance, if a 35-year-old earning $60,000 a year annually routinely contributes 6% of his salary to a taxable account earning 8% a year, he would have $185,744 by age 65, assuming a 30% tax rate. Not bad. If he were to invest that money in a tax-deferredDonate Real Estate: You Get Tax Deductions For Charitable Giving.
To Donate real estate for worthy causes is getting pretty easy these days. The reasons for donating real estate are getting pretty compelling too. You may not be getting enough income from the business. Fair market value for your property might be far higher than the actual price you’d realize from the sale of your property. Actual sales price can be much less during those times in which there is a distressed market. People say we’re in such a time. Maybe you need to make the sale quickly. YWhen do I get to deduct the expense?
For many businesses, cash is tight right now. But there still is taxable income, and you'd sure like some more deductions this year. As I mentioned, cash is tight. Can you deduct something this year even if you pay it next year? Sometimes. In general, if you are a cash-basis taxpayer, you have to pay your business expenses by the last day of the year to deduct them. If you are an accrual-basis taxpayer, you have to clear the "all-events test." That is, all events to determine the liabilitEmployee Deductible Expenses
Unreimbursed employees’ business expenses are miscellaneous itemized deductions and are deductible from adjusted gross income, together with other itemized deductions. Again, the expenses must be “ordinary and necessary” and “reasonable” in amount and exceed 2% of adjusted gross income. Such expenses include the following Union and trade-organization dues and convention expenses Work clothes, including cleaning and laundry Small tools (if useful life is less than one year; otherwise, a depreciTax Deduction Often Overlooked - Long Term Care Insurance
KIRKLAND, Wash., Dec. 16 (SEND2PRESS NEWSWIRE) -- Want to keep some of your tax money or get a bigger refund? Then remember, if you have long term care insurance, that deductions are allowed for the premiums you pay. If you don't have long term care insurance but intend to get it, remember the tax break that will be due you for 2009. This reminder comes from LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies. "Many people with LTC poli2008 Tax Tips
2008 Tax Tips December 15th, 2008 The IRS has published a great list of tax tips for the 2008 filing season. I have included the tips below or you can visit the IRS website for more details. IRS Reminder: Make Use of Recent Tax Law Changes for 2008 and Dec. 31 Is the Last Day for Most of These Actions FS-2008-26, December 2008 Hear a podcast in English or Spanish. WASHINGTON — Tax year 2008 is quickly nearing an end. The Internal Revenue Service reminds taxpayers to avoid puttin |
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