The Small Business Tax Help Blog

Posts Tagged ‘income’

Question: How can I compute for Thailand withholding taxes on salaries?

What are the considerations when it comes to computations of taxes withheld on employee salaries?And can you give me the formula for computing the tax. thanks.

Answer: Look here:

http://www.rd.go.th/publish/6045.0.html

The formula is defined by the tax code here:

http://www.rd.go.th/publish/37749.0.html#section50

What Works, By Hamish McRae

It takes some chutzpah to publish a book about business and social success stories while Britain and the world are still sifting through the devastation of the 2008 financial crash. But Hamish McRae, an associate editor of The Independent, believes that there's much to be learnt from an optimistic outlook. What Works is a collection of experiential essays spanning the globe – from the thriving ...

Wikipedia defines ‘Child care’ as ‘the act of caring for and supervising children from 0-16 years of age’. Child care work includes working in nurseries, babysitting, child-minding, and nanny jobs.

According to Office for National Statistics (‘ONS’) figures for April to June 2009, 836,000 people were employed in ‘Childcare and related personal services’. These figures are a guideline. The breakdown of these figures were:

Employees – 749,000. 351,000 of these were full-time. 51,000 of those self-employed work full-time.

The figures for ‘child care’ etc work were:

Nearly all nursery nurses are employees. 95,000 work full-time.

76,000 childminders are self-employed, but a high proportion are employees. Part-time employees outnumbered full-time employees: with self-employed childminders the position is reversed.

Virtually no playgroup leaders and assistants were self-employed, and full-time workers were outnumbered by part-time workers by 7:2.

Educational assistants constituted the largest group listed under the child care heading.

Virtually none were self-employed, presumably because this work takes place mainly in schools, leaving little scope for self-employment. Full-time and part-time work was fairly evenly split, with the latter slightly outnumbering the former at 253,000 employees.

These figures under-estimate the number of people caring for children. Firstly the figures are for people who are employees or self-employed. They are not intended to include people remaining at home to look after their children, even though such work is financed by provisions such as Child Benefit and Child Tax Credit (although both benefits are payable whether a parent stays at home or works full- or part-time).

Secondly a number of jobs are listed under other categories, such as primary school teachers, social workers, child psychologists and domestics; or not specifically included, such as au pairs and nannies. These latter jobs may well be included in the ‘childminders and related occupations’ category.

Numbers employed in Childcare and related services have increased slightly since April-June 2008 and further increases are likely over the years, particularly if the population continues to grow.

10 things you can do to advance your career as a developer

Tackling new challenges beyond your regular IT role will help expand your knowledge and skill set. Here are some career-building opportunities you may not have considered.

Henri Rousseau

EPCOR announces 2009 financial results

EPCOR Utilities Inc. today filed its annual and fourth quarter results for 2009.

Burning Down The House: What Caused Our Economic Crisis?

Question: Can tax deductions help you qualify for earned income credit?

I usually get earned income credit, but this year I am a couple thousand dollars above the limit. I have lots of deductions and was wondering if this would help. Also want to know if turbo tax is as easy as they make it out to be?

Answer: The IRS has a great tool on their website that helps you figure out if you qualify for EITC (also called EIC sometimes). The program hasn't been updated for the tax year 2007 yet, but will be soon. Here's the link that will contain the "EITC Assistant" as soon as it's released:

Also, TurboTax IS as easy as they make it out to be. I was a TurboTax user for many years. Two years ago, I switched to TaxCut by H&R Block. It's as good (and easy) as TurboTax, but it costs less. You can pick up either at your favorite retailer.

A Financial Plan for the Newly Rehired

Congratulations. You found a new job in a very difficult economy. Now here's a game plan to rebuild your finances and help protect yourself and your family in case your luck takes a turn for the worse.

KCRA Interview on Earned Income Tax Credit

Calendar

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OMG!!! Barack Obama is a socialist! Chris Matthews smacks down Republican Tom ridge