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Question: In australia, do I have to pay taxes when buying online (US site)?

Hi, I’m in Melbourne, VIC Australia.

I want to buy some perfume from a US online retail store because it is much cheaper than in AUS.

But when they deliver the product, do I have to pay the tax?

Looking for your answers. Thank you.

Answer: You will only get charged customs tax/duty if you import more than AUD $1000 worth.

PM’s in for a clubbing on pokies

THOUSANDS of pubs around the nation will put up posters that say Julia Gillard wants to do something “un-Australian”.

Simple explanation of tax in Australia by a tax agent

Question: Tax return? how much should i expect back this year?

If I made $12,375 and about $2000 was taken out for taxes how much should I expect on my tax refund this year? Ill be claiming my daughter this year. I’m a single parent and have full custody of my daughter. I don’t own any houses or cars.

Answer: The $2000 taken out include ss/mc withholding ($950), neither of which is refundable.

Tax accountant talks Dayton’s proposed tax increases

Michael Schaffer, a certified public accountant, discussed how the proposed tax increases would impact Minnesotans during an interview with All Things Considered on Wednesday.

Tax Tips: Do I Have To File a Tax Return? (ASL, Captions & Voice Over)

Question: How much Income Tax I have to pay on my Income.?

(a) Business Income Rs.50,000/-
(b) Short Term Capital Gains on shares sold at NSE (paying transaction tax) Rs.25,000/-
(c) Long term capital net gain after indexation calculation is Rs. 50,000/- (by way of selling house plot)
(d) I am male 45 years old. Resident Indian.

Please let me know how much tax I have to pay. Rs.15,000 ? or Rs.12,500. or Rs.10,000/- or Rs.5,000 or Rs.2,500/-. Let me know how to calculate.

Answer: If I am right, you have to pay Rs.2500/-

Rs.100000 basic exemption less business income Rs.50,000/-. So Rs.50,000 short in basic exemption.

Your long term gains are taxable @20% on Rs.50,000/-. But this can be adjusted in short fall Rs.50,000/-. So no balance in LTCG.

The entire one lakh basic exemption is over (50,000 business & 50,000 LTCG). The short term capital gains on shares (111A) is taxable @10% flat. And it amounts to Rs.2500/-.

You have to pay Rs.2,500 plus +2% education cess. No interest U/s 234c or 234 b is applicable to you as the tax due is less than Rs.5,000/-

For your benifit, I have first adjusted 20% tax LTCG amount Rs.50,000/- from the short fall Rs.50,000/-. If the STCG taxable to 10% is adjusted first and the balance with LTCG 20% Taxable, then you have to pay Rs.5000/- tax + int u/s 234c & 234b.

Experts: Illinois’ tax hike won’t send businesses packing

SPRINGFIELD — Illinois’ recent income tax increase won’t cause a mass exodus of businesses from the state, experts agree.

The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government

Question: Is accountant fees and/or tax preparation fees, tax deductible?

There were a few years that I didn’t file, and it caught up with me – I paid an accounting firm quite a bit of money to do my returns and help me in negotiating with the IRS. All if fine now, I’m caught up

Is the money I paid to this firm that did my taxes, deductible for that year?
…I do itemize and I’m filing in a later year than this occurred. Last year I had a taxible bonus that threw me into the next tax group and I need to find all the (legit) deductions I can find! Someone told me that the huge fee I paid the tax firm to help me file back taxes, was tax deductible, and I just want to make sure before I proceed…

Answer: Probably not unless you itemize and have a lot of miscellaneous expenses. It sounds like you may have a lot of deductible professional expenses, not just routine fees for tax return preparation.

Rambler Metals and Mining PLC Financial Results Year Ended 31 July 2010

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR–(Marketwire – Oct. 18, 2010) – Rambler Metals and Mining PLC (TSX VENTURE:RAB)(AIM:RMM) (“Rambler” or the “Company”) today is pleased to report its financial results and operational highlights for the year ended 31 July 2010. The Company is focused on bringing the Ming Mine Property, a historic copper and gold property located in …

Tax Deduction Tips & Advice : How to Use Legal Fees as a Tax Deduction

Question: state income tax?

can someone give me simple definition?

Answer: State income tax is an income tax in the United States that is levied by each individual state. Some states choose to impose no income tax. These states are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and Tennessee limit their state income taxes to dividends and interest income only. As of 2007, the highest rate of state income tax is that of Vermont, with a maximum rate of 9.5%. Of those states which impose an income tax, the lowest maximum rate is that of Illinois, which levies a flat tax of 3%.

Fitch Affirms Long Beach Bond Finance Authority, CA’s Outstanding Lease Revs at ‘A-’; Outlook Stable

SAN FRANCISCO–(BUSINESS WIRE)–Fitch Ratings affirms Long Beach Bond Finance Authority, CA as follows: –Approximately $112.8 million lease revenue refunding bonds (Aquarium of the Pacific Project), series 2001, at ‘A-’. The Rating Outlook is Stable. RATING RATIONALE: –Annual debt service coverage from the three diverse revenue sources that make up bond security (net aquarium revenues, hotel …

Tax Forms & Deductions : Deferred Income Tax Definition