3 ms·
> - When do you need to accept your return or settle your outstanding balances by? This year I got it in early March, and it's due by mid-May. > - How are bus
by vesinisa 12y ago
> - When do you need to accept your return or settle your outstanding balances by?
This year I got it in early March, and it's due by mid-May.
> - How are business taxes handled?
Pretty much all businesses employ an accountant that takes care for the basic stuff (paying and declaring salaries), and most also have a CFO - usually someone with a legal decree - who knows how to optimize the tax stuff. Every large corporation of course have a whole department of internal accountants and lawyers.
> - How complicated are your tax codes?
Not too simple at least! Multiple types of tax for different types of income (salary, capital, property) and the tax level depend on factors like municipality of residence, membership in a church, total income earned, sums and types of loans outstanding etc. If you collect social benefits, they further complicate as some are taxable and some not. There are also some "tax-like" fees payable by your employer, some of which are deductible in personal taxation and some not. And this is just what I know of personal taxation, the corporate taxation is a whole world of its own.
I don't think the issue here is that our taxation would be so much simpler - and anyway the IRS probably has disproportionate R&D budget compared to a small European country.