THINKING BUSINESS & FINANCE

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September 30th, 2010

May be implemented administratively. This can be seen from the collection of Value Added Tax (VAT) concept. VAT was originally a sales tax, the Government making it difficult to collect them, because no tax has been paid, and double taxation. Therefore, the Government into a value-added sales tax system. The concept of the VAT tax, in each disribusi any increase in the value chain, so there is no double taxation. This allows management to become visible. In addition, with the implementation of self-assessment system, the government is becoming increasingly easy to monitor taxpayers, although there are many who do not pay tax evasion and taxpayers

September 30th, 2010

The second principle of taxation is economic neutrality. This is not a good tax mengggangu and economic collapse. Tax should not affect investment patterns, savings, consumption patterns and work patterns mode. Unless the tax law. From the above data, a substantial increase in public investment patterns in 2001, when inflation occurs. As with the reduction of government investment and production patterns due to inflation. Increase and decrease investment and production patterns, does not affect the level of tax revenue. This shows that the application of the tax is not interference with investment and production patterns.

The next principle is a fair tax. Including in the judicial vertical, horizontal and geography. Income tax is a vertical form of the judicial and harizontal.The existence of the tax rate category, which proved to adhere to the principle of tax fairness, vertical. Taxpayers who have more economic capacity of different discrimination, in accordance with additional economic. Different corporate income tax is only a single tax rate. This is done to encourage investment. The horizontal equity, taxpayers have additional functions, whose economic, will be the same the same tax (equivalent to the same treatment.) Every taxpayer who has the same net income, are treated equally.

September 30th, 2010

There are three attributes income enough tax (adequecy), namely: flexible inflation, population growth, flexibility and collection low cost. This can be from Indonesia taxes.

According to the state budget, tax revenues increase every year. Ideally, this growth is the increase in line with the inflation rate, also increased the population of Indonesia. On the annual inflation rate from year to increase taxes, can be seen by the macro economic conditions. Described in the macro-economic situation in general and broad economic development.

This actually happened on the ground, rather than the adequecy, flexible tehadap inflation tax on the property. Increase and the inflation rate decreased significantly, does not affect the tax revenue significantly. Increase in tax revenues this year of consistent, even though inflation is not stable.

Increase the percentage of tax revenue is determined by several factors. Population growth factors. Population growth year after year to the amount of tax revenue this year, more and more. This is the tax on the population growth is consistent with the nature of elastic adequecy. However, the level of flexibility is affected by many factors. If the population does not meet the post, accompanied by the growth in tax revenue will reduce the elastic integrable Jumah population.
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May 4th, 2010

A courage strains after the corpse.

Taxes are always complicated to count. In the other hand, taxes should be counted correctly for this relates directly to laws. In many industries, taxes are hard to count since there are too many aspects to consider. In a factory with hundreds employees, taxes are even harder to count since there are a lot percentages that need to count. To let the professional accountants that are the expert in counting taxes will be beneficial for any companies. From the effectiveness side, this service will be so much useful since this will give a rapid work for something so complicated like the taxes. This will also be very helpful to safe time for a big, busy company.

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March 4th, 2010

The deadline for your tax payments is closer and closer and you still don’t have the entire amount of money. It’s not such a critical situation as it might seem, because everyone unable to pay the entire amount due at a time can ask for an installment agreement.

What’s an installment agreement?

This is an agreement or a plan between you and IRS according to which you will be able to pay your taxes in monthly installments. In order to benefit from this option, you should have already filed a tax return and have no unpaid taxes when asking for it.
What do I have to do to set it up?
Depending on the amount you owe, there are two possibilities to obtain an installment agreement:
• Those who owe less than $25,000 can fill the Online Payment Agreement, call the number on the bill or fill the 9465 Form(Request for Installment Agreement) and mail it to the address on the envelope, along with the tax return;
• Those who owe more than $25,000 must fill the 433F Form (Collection Information Statement Form) and the 9465 Form and mail them both to the office.
The IRS will let you know if you have to fill-in anything else, modify something or if your request has been accepted within 30 days.
Will it cost me more?
Definitely yes. Not only because of the set-up fee which is around $45, but also because the IRS will add some more fees and the interest calculated daily throughout the process. Even it might seem harder to pay all the money due at once, on the long run, it’s a lot less expensive than the installment agreement.