Tax blog: guides, worked examples and explainers – page 64

Practical guides with worked examples, each linked to a calculator you can use straight away.

• Self-employment tax for Mississippi freelancers

  How the 15.3% self-employment tax works for freelancers in Mississippi, the 92.35% rule, the wage base and the deduction for half of it.

• Sales tax in Wyoming: rates, examples and what to watch for

  The 4% state sales tax rate in Wyoming, how local rates add on top, and a worked example for shoppers and sellers.

• Capital gains tax for Washington residents

  How federal and Washington state taxes apply to capital gains, with a worked example.

• VAT in Guatemala: the 12% standard rate explained

  How the 12% standard VAT rate in Guatemala works, with a worked example, the shortcut formula and the mistakes that cost businesses money.

• Tax savings from retirement contributions: what families need to know

  Tax savings from retirement contributions explained for families, with a worked example, a checklist and the mistakes to avoid.

• Rental income tax: what expats need to know

  Rental income tax explained for expats, with a worked example, a checklist and the mistakes to avoid.

• How VAT works in Cyprus (19% standard rate)

  How the 19% standard VAT rate in Cyprus works, with a worked example, the shortcut formula and the mistakes that cost businesses money.

• Estimating take-home pay in Paraguay

  A clear way to estimate net salary in Paraguay from gross pay, using an effective income tax rate and a social contributions rate.

• Business mileage deductions: what consultants need to know

  Business mileage deductions explained for consultants, with a worked example, a checklist and the mistakes to avoid.

• Writing a VAT invoice in Costa Rica: what to include

  The details a VAT invoice in Costa Rica normally needs, how to lay out tax per line, and a worked invoice example at 13%.

• Writing a GST invoice in Australia: what to include

  The details a GST invoice in Australia normally needs, how to lay out tax per line, and a worked invoice example at 10%.

• Import duty and VAT in Japan: how to estimate the landed cost

  How import duty and 10% VAT stack up on shipments into Japan, with a worked landed-cost example.

• Discounts and VAT in Latvia: which comes first?

  Whether VAT in Latvia is charged before or after a discount, with a worked example and the difference in what the customer pays.

• After-tax investment returns for gig workers: a practical guide

  After-tax investment returns explained for gig workers, with a worked example, a checklist and the mistakes to avoid.

• VAT versus sales tax explained for small business owners

  VAT versus sales tax explained for small business owners, with a worked example, a checklist and the mistakes to avoid.

• Tipping and sales tax in Ontario

  How restaurant tax works in Ontario and how to calculate a tip on the pre-tax amount.

• Pricing for profit with GST in Canada

  How to set a selling price in Canada that hits a target profit margin and then adds 5% GST, with the formulas side by side.

• How capital gains are taxed in Bolivia: the basics

  How to estimate capital gains tax on shares, property or other assets sold in Bolivia: gain, costs, rate and net proceeds.

• Gross to net salary in Portugal: a simple estimate

  A clear way to estimate net salary in Portugal from gross pay, using an effective income tax rate and a social contributions rate.

• Estimating take-home pay in Dominican Republic

  A clear way to estimate net salary in Dominican Republic from gross pay, using an effective income tax rate and a social contributions rate.