Tagged Questions

0
votes
2answers
77 views

Apportioning annual expenses across multiple tax years

My wife is starting an architecture business as a sole proprietor. One significant expense is insurance. Suppose that she pays $10,000 for insurance now that covers the period Nov. 1, 2012 to ...
0
votes
1answer
22 views

Are the reporting rules the same for a purchased company vehicle vs. a rental vehicle?

I understand the reporting and tax rules pertaining to using a company-purchased vehicle for personal use, but I wanted to know if the same rules apply to a rental car being expensed by the company ...
2
votes
2answers
70 views

How Indian Laws and taxation applies to European company representative traveling within and abroad?

If I were to be employed by a European company to represent them in India to develop the market, what taxes and laws will apply? Secondly, how will the expenses made within the country and travel ...
1
vote
3answers
216 views

Are mobile phones and service contracts a business write-off?

I purchased a smartphone to help me conduct my business (mobile hotspot, email, access company intranet, etc.). Previously, I did not own a cellphone, personal or business. Additionally, I signed a ...