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Topic: Corporation tax

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  Tax and Duty Types - Corporation Tax
Corporation tax is assessed on the profits of a company's accounting period at the relevant corporation tax rate in force during the accounting period.
Where the rate of corporation tax changes during an accounting period, the profits of that period are apportioned on a time basis and taxed at the appropriate rate for the purpose.
The surcharge is 5% of the tax due (up to a maximum of €12,6987) in the case of a return lodged within 2 months of the return filing date, and 10% of the tax due (up to a maximum of €63,487) where the return is made more than 2 months after the return filing date.
www.revenue.ie /revguide/corporationtax.htm   (2734 words)

 Irish Taxation Institute - Irish Tax System - Corporation Tax
Corporation tax is assessed on the profits of a company’s accounting period at the rate of tax in force during the accounting period.
Where the rate of corporation tax changes during an accounting period, the profits of that period are apportioned on a time basis and taxed at an appropriate rate for the purpose of determining the corporation tax charge for the whole accounting period.
Full relief from corporation tax is allowed in respect of royalties derived by an Irish resident company in respect of a patent if the work leading to the grant of the patent was carried out in the State.
www.taxireland.ie /irishtaxsystem/ct.asp   (1238 words)

 Just Tax tax guides - corporation tax
Corporation Tax (CT) is charged on profits made by 'companies' - but for these purposes a 'company' can include an unincorporated association such as a club or society.
The Corporation Tax charge on profits which are left in the company and not distributed is unaffected.
From 6 April 2006, under the new pensions tax regime, employers' contributions to a registered pension scheme are tax allowable in the year of payment provided the contribution is made 'wholly and exclusively' for the purposes of the trade.
www.just-tax.co.uk /guide_ct.htm   (841 words)

 Banking Corporation Tax
The Banking Corporation Tax is imposed on all corporations that are defined, under New York law, as authorized to do banking business, including banking corporations, commercial and savings banks, savings and loan associations, bank holding companies, trust companies, and certain subsidiaries of banks that are owned by a bank or bank holding company.
Corporations owned by a bank or a bank holding company and principally engaged in a business that a bank might legally conduct or a business that is so closely related to banking or managing or controlling banks as to be a proper incident thereto.
If the preceding year’s tax exceeds $1,000, the taxpayer must pay an amount equal to 25 percent of this tax at the time the preceding year’s tax return is filed or at the time a request for an extension is filed, as the first installment of estimated tax for the current year.
www.nyc.gov /html/dof/html/business/business_tax_banking.shtml   (850 words)

 UK corporation tax
Tax relief is given on the cost of intangible assets acquired after 31 March 2002 at the rate of depreciation in the accounts or 4% a year, whichever is the greater.
Corporation tax is paid at the normal time on the company's taxable profits without any deduction for dividends paid.
The corporation tax return includes a self-assessment of the company's tax liabilities for the accounting period, including any tax on loans to shareholders and tax arising under anti-avoidance rules.
www.dyerpartnership.com /corptax.html   (1077 words)

 California Tax Service Center - C Corporations
The annual tax for C corporations is the greater of 8.84% of the corporation’s net income or $800.
New corporations that have an initial income year of 15 days or less and do not do business during that time are not required to file a return or pay the minimum franchise tax for that period.
Franchise Tax: The corporate franchise tax is imposed for the privilege of exercising the corporate franchise in California.
www.taxes.ca.gov /CorpC.html   (1473 words)

For the purpose of computing the tax in accordance with paragraph (2) of this subsection, the corporation's assumed no-par capital, whenever the phrase "assumed no-par capital" is used in paragraph (2) of this subsection, shall be found by multiplying the number of authorized shares of capital stock without par value by $100.
Any corporation electing to pay a tax under this subsection shall show on its annual franchise tax report that the corporation is a regulated investment company as above defined, and the amount of its assets on January 1 and December 31 of the taxable year, and the mean thereof.
The franchise tax shall be a debt due from the corporation to the State, for which an action at law may be maintained after the same shall have been in arrears for a period of 1 month.
www.delcode.state.de.us /title8/c005/index.htm   (3724 words)

 Frequently Asked Questions - Corporation Income Tax
For tax years beginning January 1, 1993, the same form is used to file an amended return that was used to file the original return.
For tax years before September 1, 1993, the tax rate is five percent, except for tax years 1990 and 1991 when the rate was graduated.
If there was a net operating loss for the tax year 2004 and the taxpayer carried it back two years and claimed a net operating loss deduction on an amended federal return for tax year 2002, then a net operating loss modification would be computed for the 2002 amended Missouri return.
www.dor.mo.gov /tax/business/faq/corporate.htm   (3020 words)

 United Kingdom corporation tax - Wikipedia, the free encyclopedia
Corporation tax is the next area scheduled to be tackled by the tax law rewrite project and it is thought that two Acts of Parliament will be required to bring it into line with the aims of the project.
Tax competition between jurisdictions has reduced the headline charge to 30%; judgments from the European Court of Justice have found that certain aspects of UK corporate tax law are discriminatory under European Union treaties; and tax avoidance schemes marketed by the big accountancy and law firms and by banks have threatened the tax base.
Corporation tax was introduced as from 1 April 1965 by the then Chancellor of the Exchequer James Callaghan.
en.wikipedia.org /wiki/United_Kingdom_corporation_tax   (5096 words)

 Frequently Asked Questions - Corporation Franchise Tax
For example, a calendar 2006 franchise tax return is based upon assets as of December 31, 2005 or January 1, 2006 and it covers the taxable period from January 1, 2006 to December 31, 2006.
Franchise tax is filed for the year in advance, based upon the assets as of the first day of the taxable period.
Thus, the due date for the initial franchise tax return is August 15, 2005, based upon assets as of its incorporation or qualification date, for the taxable period from April 18, 2005 to December 31, 2005.
www.dor.mo.gov /tax/business/faq/franchise.htm   (1400 words)

 Corporation tax - corporate income tax
Corporation tax is levied on companies established in the Netherlands (resident taxpayers) and on certain companies not established in the Netherlands, which receive income from the Netherlands (non-resident taxpayer).
Annual assessment by the tax department on the basis of the taxpayer's declaration.
New tax treaty with the US Since February 2006 there is a new tax treaty with the US indicating that profit sent from and to the USA by mother- and daughter companies can be done tax free.
www.expatax.nl /corporationtax.htm   (643 words)

 California Tax Service Center - S Corporations
An S corporation is similar to a partnership, in that the taxable income or loss of the S corporation flows through to the shareholders that report the income or loss on their own returns.
However, the major difference is that for California purposes, an S corporation’s income is taxable at the corporate level and the pass-through of its income to the shareholders is also taxable on their returns.
The tax is for the privilege of exercising the corporate franchise in California.
www.taxes.ca.gov /CorpS.html   (1777 words)

 Tax - Deadlines for Corporation Tax
Corporation tax payable by such companies on chargeable gains arising after 21 November 2006 may be deferred until 31 January 2007.
Similarly for such companies adopting relevant accounting standards, e.g., IFRS, it may be possible to defer (until 31 January 2007) the payment of corporation tax on unrealised profits that derive from the movement in the values of financial assets or financial liabilities between 1 November 2006 and 31 December 2006.
A claim for repayment of corporation tax for the year ended 31 December 2002 must be lodged with the Revenue by 31 December 2006.
www.ey.com /global/content.nsf/Ireland/tax_deadlines_corporation_tax   (713 words)

 DFA | Office of Income Tax Administration | Corporation FAQs
If the corporation's tax year began prior to January 1, 2003, the old due date of four and one half (41/2) months after the close of the tax year remains in effect.
Therefore, Arkansas income tax returns must be filed using depreciation and expensing of property provisions found in Sections 167, 168, 179 and 179A of the Internal Revenue Code of 1986, as in effect on January 1, 1999.
A tax year loss must be adjusted by all non-taxable income in arriving at an established NOL available for the five (5) year carry-forward provision.
www.arkansas.gov /dfa/income_tax/tax_corps_faqs.html   (2025 words)

 Kentucky: Department of Revenue - Corporation Income Tax
Kentucky's definition of net income for corporations is based on the federal definition of gross income in Section 61 of the Internal Revenue Code less any deductions allowed in Chapter 1 of the Internal Revenue Code in effect as of December 31, 2004.
Corporation Income tax laws are located in Chapters 141 of the Kentucky Revised Statues.
The 2005 Kentucky General Assembly enacted legislation to abolish the corporation license tax imposed by KRS 136.070 shall not apply to tax periods ending on or after December 31, 2005.
revenue.ky.gov /business/corptax.htm   (201 words)

 From an LLC to a C corporation
Otherwise it is ignored, the IRS calls this "disregarded," for tax purposes, and its activity is reported on the appropriate schedule of its owner's tax return.
If the sole member were a corporation, the activity would be reported on the corporation's tax return.
An LLC makes the election to be treated as a corporation by filing Form 8832 with the IRS up to 75 days after the desired effective date.
www.bankrate.com /brm/itax/tax_adviser/20051115a1.asp   (273 words)

 Corporation Income Tax Questions   (Site not responding. Last check: 2007-10-21)
Corporations operating as a unitary group must file a single combined return to report the income of the entire group.
When a group of corporations conducts a unitary business, both within and without Nebraska, it will determine the income of the group attributable to its activities in Nebraska by use of an apportionment formula utilizing the combined income approach.
Any corporation whose reported amounts of federal taxable income or deductions are changed by the IRS must report the change or correction within 90 days of the determination by filing an Amended Nebraska Corporation Income Tax Return, Form 1120XN.
www.revenue.state.ne.us /question/corporat.htm   (930 words)

 Tax Doctor Corporation - Berks County Pennsylvania
Tax Doctor Corporation clients receive a tax plan, and guidance by their local Tax Doctor Corporation consultant in following the plan to legitimately pay less in taxes in the current year.
Only Tax Doctor Corporation clients are helped to lower the taxes coming out of their paychecks, so their take-home pay is larger, immediately.
Tax Doctor Corporation offices are open all year, and available at no charge to answer client questions on financial and tax matters.
www.tax-doc.com /berkscounty   (920 words)

 Nevada Corporation Tax Considerations   (Site not responding. Last check: 2007-10-21)
For those corporations which qualify as "S" corporations, their income also is passed through to the shareholders and is taxed at individual rates.
It appears that the corporation is in the most favorable position from a federal income tax point of view; and, given the right set of circumstances that might well be true.
By making this election, your corporation is not taxed as a separate entity, but the earnings of the business are passed through to the individual shareholders and are taxed at their individual rates.
www.nevada.org /nevada-tax-considerations.htm   (579 words)

 C Corporation Tax
If you're not sure if you need to file a C corporation tax return or if you're not sure how to file a C corporation tax return you'll find the answer here.
Our IRS Form 1120 C corporation tax software and our other programs are used by most major accounting firms.
Our C corporation tax software is very easy to learn and use.
www.1120accountant.com   (262 words)

 UK corporation tax
Tax relief is given on the cost of intangible assets acquired at the rate of depreciation in the accounts or 4% a year, whichever is the greater.
The tax credit is equivalent to the basic rate of income tax on dividends (see Income Tax: Investment income).
All the tax is payable in instalments for accounting periods ending after 30 June 2002.
www.cplaudit.com /corptax.html   (1185 words)

 Subchapter S Corporation
If you're not sure if you need to file a Subchapter S corporation tax return or if you're not sure how to file a Subchapter S corporation tax return you'll find the answer here.
Our IRS Form 1120S Subchapter S corporation tax software and our other software programs are used by most major accounting firms.
Our Subchapter S corporation tax software is very easy to learn and use.
www.1120saccountant.com   (281 words)

 Tax Division: Frequently Asked Questions: Corporation Net Income Tax
Alaska tax does apply to corporate level items such as excess net passive income and tax on built-in gains.
Full payment of the Alaska tax is due on or before the 15th day of third month after the close of the tax year.
Corporations that produce oil or gas in Alaska, or that transport oil and gas by pipeline must use the worldwide combined reporting method.
www.tax.state.ak.us /programs/corporate/faq.asp   (519 words)

 Corporation Tax UK & Company Incorporation
To start with UK corporation tax rates are much lower than income tax rates.
This tax guide tells you everything you need to know about the tax benefits of incorporation.
Lee is a rarity among tax advisers having both legal and chartered accountancy qualifications.
www.taxcafe.co.uk /incorporate.html   (607 words)

 Corporation tax | Capital gains tax | Tax planning | BDO Stoy Hayward
The combination of increasingly complex tax legislation and the effect of the Sarbanes Oxley act of 2002 means that more and more mid-to large corporates are coming to BDO Stoy Hayward for corporation tax planning and corporation tax advice.
As the benefit in separating financial advice from auditing continues to be recognised, our corporation tax planning and corporation tax advice services are in ever-greater demand.
We will help you to manage your corporation tax liabilities efficiently and to plan your financial affairs well in advance of the tax return.
www.bdo.co.uk /corporation-tax   (255 words)

 UK Corporation Tax & Business Tax
This business tax guide tells you everything you need to know about the tremendous tax benefits of running your business through a company.
This tax guide explains how you can extract funds from your company in the most tax efficient way.
This popular guide shows you how to use the generous corporation tax regime to boost your property rental income by 34%.
www.taxcafe.co.uk /business-tax.html   (152 words)

 SOI Tax Stats - Corporation Data by Sector or Industry
The following is a complete list of corporation tables from various sources and publications which are classified by Sector or Industry.
Number of returns, selected receipts, cost of goods sold, net income, deficit, income subject to tax, total income tax before credits, selected credits, total income tax after credits, total assets, net worth, depreciable assets, and depreciation deduction.
Tax items - number of returns by selected types of tax, dividend items, net income or deficit, statutory special deductions, income subject to tax, taxes, credits, and payments.
www.irs.gov /taxstats/bustaxstats/article/0,,id=96388,00.html   (352 words)

We are not a broker of tax liens and cannot help you find or buy tax liens.
A brief note about the tax lien business: As with any interesting and potentially profitable form of investing, the tax lien industry has attracted a few newcomers with whom you should exercise caution.
As part of a diversified portfolio, property tax liens can be a good way to earn secured returns.
www.taxlien.com   (399 words)

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