 Can you go to jail for leaving things out of your tax return? |
| I have a pension I cashed and a medical study that H and R block said I would have penalties for and file as self employed.... |
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 How much is sales tax???? Please help.? |
I have to pay my parents for iTunes but i deleted the receipts so I have to do .99 times how many songs but I need sales tax to add on.
Additional Details
How much is sales tax in Plano, ... |
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 Why haven't I recieved my stimulus payment yet? |
| The last 2 of my social are 00 and i meet all the requirements to get the stimulus payment and i filed in 2006 an 2007 and i haven't recieved my payment yet my friends last two are 41 an ones is ... |
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 Is my husband in trouble??? |
| last week he got a letter by mail from the irs, that he owed about $600, it senn weird, we always do our taxes. but something cought our eyes...it was from 1989...he was 6 years old at that time and ... |
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 UK law. My brother works as a despatcher for a taxi company. His boss only pays him £3 an hour.? |
| I reported the company to the minimum wages people, who found no anomalies. The bosses claimed that the workers only do part time and they (the bosses) cover the rest of the shifts. Most of the ... |
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 Why should those who don't pay taxes get a rebate? |
| The new rebate plan will give $600 rebates to individuals, and $1,200 to married couples, and $300 to those who work but don't pay taxes. If they don't pay taxes, why should they get a ... |
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 Should i give my ex money from his intercepted tax refund that i will receive due to child support arrearages? |
| my ex owes over $10,000. in child support for my daughter. he's claiming her this year. he also has a son that he is able to claim. this is one of the few times in the past 13 years that he�... |
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| If it's real I won a lot of money well worth the 867.00 it would cost to get the check.... |
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| The taxes are increasing at an alarming rate!... |
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 I did not file my 2006 taxes, can I still? |
| for reasons i did not do it cause i owe monwy to the irs and at the time i did not not manage the money to pay a tax place,even tho i know that it would have deducted the amount that i owe but is it ... |
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 I don't want to pay Social Security. How do i stop? |
Some facts I know:
1. All Ponzi Schemes fail at some point.
2. There is no trust fund for this system.
3. People who pay into SS doesn't have an account building interest.
4... |
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 Tax return? |
| If you claim 1 on your taxes does that mean you pay more out of your check and get a bigger return or is that if you claim 0? I can't remember how that works.... |
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 Does a beggar pay income tax on the money they collect? |
I watched how often someone put money in the hat of a beggar. If every gift was 10p they still made enough to be over the tax limit
Additional Details
They are breaking the law if they ... |
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 Are payroll taxes voluntary? |
| I recently heard a rumor that payroll taxes are a voluntary tax. There are stories going around that you are not required to pay any taxes out of your payroll check and there's nothing the ... |
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 Ive been sent a bill for the full years outstanding council tax.? |
| Yeh I know this is my own fault but bascially I made a late payment once in May and again it seems I forgot to pay this month. I am unable to contact them until Monday but I am so scared. I owe them ... |
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Gary H | How do i work out tax and national insurance for employees? |
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 |
 
madge
 |
New employers helpline will send you all you need, including a disc which does all your working out for you(FREE)
You can call them on 0845 6070 743. for general payroll matters. V helpful |
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justme
|
The only people who can give u 100% correct answer are Inland Revenue officers. Go on their site and find everything you need.
Good luck |
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Mike C
 |
GET THE ACCOUNTANT TO DO IT. SAVE A LOT OF BLOOD SWEAT & TEARS |
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Wayne ahrRg
 |
Get an accountant to do your payroll |
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Business in Barnet
|
It depends on the taxation guide for the year.
An example for 2006/2007
Income Tax - PAYE
Personal Allowance in 2006/2007 £5,035 (for those under 65 years) must be be deducted from gross income before taxation.
On taxable income, here at the taxation levels
£2,150 taxed at 10%
Income from £2,151 to £33,300 is taxed at 22%
Income above £33,300 is taxed at higher rate of 40%
National Insurance paid by employees is 11%
while employers pay 12.8%
For the most up to date rates for this year, please contact Her Majesty's Revenue and Customs at http://www.hmrc.gov.uk
You don't have to do the calculations yourself.
You can outsource the work and get it done for you for about £10 per employee per month.
Hope that helps.
Regards
Business in Barnet
http://www.business-in-barnet.com |
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jackie m
|
call inland revenue for tax and national insurance deduction booklets with the tables in it. |
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Phill
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there i a wonderfull online calculater at www.listentotaxman.co.uk |
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Onestep downfrom God
 |
Save yourself the money.
Get a 2007 Employer's CD ROM (Free from HMRC) and use the calculator included. |
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wonderingstar
|
another example of someone with a job that cant do it....... |
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David W
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Dont bother, buy a software package that does it for you. Priced around £60, saves you hours! |
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welcome news
 |
The inland revenue do have a helpline for new employees and they will probably have sent you tax tables for the 2007-2008 tax year.
My recommendation would be to buy software like Sage (which is what I use) but in a nutshell these are the principles.
1) Each person is allowed a tax-free allowance for the full year. This equates to a certain amount of 'free pay' up to each tax month/ week. The amount depends on their Tax Code.
2) You then work out the total taxable pay (total pay - free pay)and then look up the total tax due on the total taxable pay for that month/ week.
3) You deduct the total tax due from the tax paid by your employee to the end of the previous period - and that is the tax you will have to pay (by the 20th of the next month)
4) With regards to NI you have to check that the employee is earning above the LEL and then deduct the appropriate NI rate from your employees GROSS earning i.e. BEFORE you deduct income tax. This is the Employees contribution. You also have to work out the Employers Contribution.
My father used to have to take several days to work out amounts in days before computers - I take about 1 hour for 30 employees (and most of that is creating the BACS schedule for the bank!) |
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