Taxes

How much PayPal charges In the online transactions’ market, PayPal has become a staple. It is the second most popular online payment method in the United States, surpassed only by credit card payments. At the same time, PayPal is the first-choice payment for online acquisitions in many countries in Europe, including Germany, the UK, Ireland, Italy, Spain, and others. With its simple password-only access and user-friendliness, it makes PayPal an easy choice for consumers. Although, for sellers, there is a …

Is it true that Canadians pay more taxes than Americans? A general assumption among many Canadians is that Americans pay less in income tax than Canadians. Even politicians in Parliament have utilized this argument to press for lower taxes. But is it accurate? For your information 1. The top federal tax rate in Canada is 33%.1, whereas the IRS taxes the richest Americans at 37%. 2. Canada’s Alternative Minimum Tax does not allow many tax deductions, while rich Americans have …

Point of sale system is the spot where a customer conveys the payment for services or goods that are offered by the company. Point of sale systems allow the business transaction between the client and the company to be fulfilled. Computerized network consisting of the general computer connected to several checkout terminals that are supported by various hardware features (barcode scanners, card payment terminals) is known as POS system. As businesses have different profiles, they need various point of sale …

It’s that time of the year again. The tax-filing season is just around the corner so it’s the time to start thinking about how you’ll handle your federal tax return.  Even if your financial situation is simple and straightforward, it pays to make sure you’re up-to-date and doing all you can to reduce your tax bill. Discover the best tax calculators online. 5 Best Tips To Prepare For Tax-Filing Season #1: Double-Check Your Paycheck: After the passage of the Tax …

No one likes to pay taxes. That’s a fact. However, you know you need to pay them every single year. But the worst happens when an unexpected tax bill shows up.  So, today, we decided to show you different ways on how you can cut your tax bill. While some may require more effort than others, you can be sure they are all worth it.  Discover the best online taxes calculators. 5 Tips To Cut Your Tax Bill This Year …

While a lot of people don’t have any problems to determine the sales tax percentage they are paying when buying a product or service, the opposite isn’t true.  The reality is that not everyone needs to know how to calculate sales tax backwards. However, sometimes, you may want to discover this value.  Discover the best online calculators. In order to calculate sales tax backwards, you will need to know two different things: the amount that you paid for the product …

There’s no question that knowing how to calculate sales tax is very important. After all, you want to make sure that you know exactly how much you will need to pay for the product before you purchase it.  Take a look at our online free calculators.  While you may think that you can simply calculate sales tax by looking at the price tag, the reality is that sales tax needs to be calculated to determine the total cost.  With sales …

If you are one of the many people who is currently thinking about becoming self-employed, there are probably a lot of things on your mind. However, there is something that most potential entrepreneurs don’t even consider – the self-employment tax. In case you don’t know, in case you decide to become self-employed, the self-employment tax rate was around 15.3% in 2018. Before you can see how to easily determine your self-employment tax, you need to understand what the self-employment tax …