 Should single people be taxed less? |
| Based on income of course! I read recently that lots of people are being forced into staying in unhappy relationships because they cannot afford to go on their own! Seems pretty sad. What do you ... |
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 Do you think consumers should start a campaign to boycott gas stations? |
| If we comsumers rallied together and boycotted these gas stations on a rotating schedule. As an example hit Shell stations on Mondays, Petro Can on Tuesdays and so on. Do you think these oil ... |
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 My x partner has given up her shop and know sells all her new goods on eBay and at car boots? |
| She sells christening cloths and baby goods and offers embriodary service is she liable for tax as she doesnt declare it to inland revenue.... |
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 I worked for 2 months during the summer last year and i got my W-2. my mom filed me as a dependent under her? |
| 1. can i still file my income tax even though i was already filed as a dependent under my mom? 2. and if i can, my W-2 was $673 for my Wages, tips, other compensation column. and thats all i'... |
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 What does this mean on my paystub ? |
| I pay child support and i got payed today and i was wondering what does garnishment 1 mean on my paystub? I send it directly to albany myself or is this something else please help never had this on ... |
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 Why do I have to pay School Taxes when I have no children in the School. My School taxes are $6000 this year? |
Additional Details
There has to be a limit though. I have paid school taxes for a long time. I bet no one stops you to say here.... you can drive on my smooth road... give me $6000 ...... |
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 2004 state tax not filed what do i do? |
| my friends father didn't file his 2004 state taxes.what is the process called that he will have to use?... |
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 India-Incom tax-What is the period for incom tax calculation? Is it March(yy) to Feb(yy+1)? |
| What is the period for income-tax calculation in India? Is it same as the financial year or different? Is this period 'from March of previous year to Feb of present year? or from April to March ... |
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 Help with council Tax?!? |
| I moved into my new flat in Nov 2005 and have paid the man who owned the bulding rent every month , assuming that the council tax was being payed. he lives in another country and assumed that I was ... |
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 When do taxes in california have to be filed? |
| i need to know the dead line for filing my taxes in the state of california because i haven't filed yet,i haven't even made an appointment yet......... |
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 What web site tell me what benefits i can claim? |
| i nor my wife working now, have 3 kids, live in private accomadation, where can i see what benifits i and my famaily can claim on ... |
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| Did anyone recieve their tax rebate checks yet? |
| The schedule said we were supposed to get it no later than May 5th buy direct deposit. It is now the 6th and nothing yet!... |
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 Income tax (oh bloody hell)? |
| would i get taxed more if i get paid fortnightly?... |
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 I actually got my rebate check deposited today. Anyone else? |
| I wouldnt let myself believe it until I saw it there myself. Will be paying some bills.... |
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D | Can losses from one company be written of against profits in another? |
I have a couple of flats which are let out and generate a small income. I recently launched a small business, but things are very very slow. I will have spent about £5000 on the company which will have asets of about £1000, (the remainder, on adverts website, headed paper.... which has no value). Just wondering how teh IR would look at these losses |
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ASHLEY
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If you are self employed on both business, you can file them together (Each business will have its own accounts) The taxman should write one off against the other as far as profit and loss is concerned.
Each LTD company is treated as an individual and will be taxed by itself |
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taketwo
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I don't think you can |
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.
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No both are separate and have their own accounts |
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mentor
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In law (Company Law) each Company is a separate entity and what you are intending is illegal,in particular if you have Limited Companies,and yes if the I.R get wind of it you will be paying them a heck of a lot of money,because they will think you are doing dodgy deals even if you are not.
You would need to look through your Articles And Memorandum If you are LTD this sets out what you can do and,not do.
Try having a word with one of the advice agencies or law centres. |
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bumblingbeermonster
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In order to offset the losses from one company against another you will need to form them together as a Group of companies, notify the IR and apply for group relief.
This is a common thing that large businesses do to reduce their tax liabilities, but it can be quite complicated so you should seek professional advice from your accountant. |
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Sutter-Cane
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Yes |
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dm_overton
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Because you are recently launching the business I think that they will be lenient. |
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joechuksy
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It would have been a lot easier if both businesses had been run under one company to begin with, and then split up as things start to look up. Think about doing that in the next tax year. In the meantime the milk has already been spilt.
I don't know what the second company does, but I would suggest you get the profitable company to use its profits to buy into the second company, so that this will be treated as an expense of the profitable company and therefore reduce its profit for tax purposes, and also reducing the losses of the loss making company. |
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Drew - Axeman
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If the businesses are unconnected, I believe you will have to account separately for each. If one was a holding company for the other, or the two were different parts of the same business, the situation could be different. |
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P M
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not normaaly |
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