Tax blog: guides, worked examples and explainers – page 71
Practical guides with worked examples, each linked to a calculator you can use straight away.
- Discounts and VAT in Cyprus: which comes first?
Whether VAT in Cyprus is charged before or after a discount, with a worked example and the difference in what the customer pays.
- How to remove sales tax from a New Brunswick price
Find the pre-tax price from a tax-inclusive total in New Brunswick by dividing by 1.15.
- How property tax bills are calculated in Albania
How property tax is typically calculated from an assessed value and a rate, with a monthly budgeting figure for owners in Albania.
- Extracting 20% VAT from a Serbia price
Why you cannot just subtract 20% from a gross price in Serbia, and the correct formula for extracting VAT.
- Buying a car in Iowa? How sales tax and trade-ins work
How vehicle sales tax is calculated in Iowa, how a trade-in can reduce it, and which fees are added on top.
- Business mileage deductions: what contractors need to know
Business mileage deductions explained for contractors, with a worked example, a checklist and the mistakes to avoid.
- Writing a GST invoice in Jordan: what to include
The details a GST invoice in Jordan normally needs, how to lay out tax per line, and a worked invoice example at 16%.
- Withholding tax for investors: a practical guide
Withholding tax explained for investors, with a worked example, a checklist and the mistakes to avoid.
- Calculating 10% VAT after a discount in Cambodia
Whether VAT in Cambodia is charged before or after a discount, with a worked example and the difference in what the customer pays.
- Budgeting for property tax in Spain
How property tax is typically calculated from an assessed value and a rate, with a monthly budgeting figure for owners in Spain.
- Australia GST calculation: from net price to gross price
A step-by-step method for adding 10% GST to any net price in Australia, with a ready-made table of common amounts.
- Adding 21% VAT in Latvia: step by step
A step-by-step method for adding 21% VAT to any net price in Latvia, with a ready-made table of common amounts.
- Take-home pay in South Dakota: federal, state and FICA explained
How federal income tax, South Dakota state tax and FICA come out of each paycheck, with an example for a biweekly pay schedule.
- Small business sales tax basics in Ontario
When a small business in Ontario must register for GST/HST, and how provincial tax registration fits in.
- Import tariffs explained for families
Import tariffs explained for families, with a worked example, a checklist and the mistakes to avoid.
- Depreciation deductions: what contractors need to know
Depreciation deductions explained for contractors, with a worked example, a checklist and the mistakes to avoid.
- Depreciation deductions explained for consultants
Depreciation deductions explained for consultants, with a worked example, a checklist and the mistakes to avoid.
- Tax savings from retirement contributions for online sellers: a practical guide
Tax savings from retirement contributions explained for online sellers, with a worked example, a checklist and the mistakes to avoid.
- Self-employment tax for California freelancers
How the 15.3% self-employment tax works for freelancers in California, the 92.35% rule, the wage base and the deduction for half of it.
- Indonesia VAT guide: rates, examples and common mistakes
How the 12% standard VAT rate in Indonesia works, with a worked example, the shortcut formula and the mistakes that cost businesses money.