θ©±NDE Unemployment Insurance: A Social Safety Net Unemployment insurance is a social safety net program that provides temporary income to workers who have lost their jobs through no fault of their own. It is funded by a payroll tax paid by employers, and benefits are typically paid out for up to 26 weeks. Benefits of … Read more
Community Tax Certificate (CTC) is an official document issued by local government units (LGUs) in the Philippines to verify that a person or business has paid their local taxes, such as real property tax, business tax, or professional tax. It is a requirement for various official transactions, such as applying for a passport, securing a … Read more
Evangelists, who may earn income from preaching, teaching, or writing religious materials, are generally required to pay taxes on their earnings. In the United States, for instance, evangelists are liable for both federal and state income taxes, as well as self-employment taxes. They must file an annual tax return, reporting all sources of income and … Read more
Federal and State Overtime Exemptions In the United States, federal and state laws establish overtime requirements for employers. Overtime is generally defined as hours worked beyond 40 hours in a week. Most employees are entitled to overtime pay, which is calculated at a rate of time and a half of the regular hourly wage. However, … Read more
Typically, TDS cannot be refunded directly unless you have overpaid it. TDS is a tax deducted at the source, so it is collected upfront by the person or organization making the payment. To get a refund, you need to file a tax return and claim the TDS deducted as a credit against the tax you … Read more
When you’ve landed your dream job, it’s time to craft a response that reflects your professionalism and excitement. Start by expressing gratitude for the offer and showcasing your enthusiasm for the opportunity. Highlight the aspects of the role that particularly align with your skills and aspirations. Briefly reiterate your qualifications and how they complement the … Read more
The highest-earning attorneys specialize in areas such as corporate law, patent law, and tax law, where their expertise and knowledge command premium fees. These fields often involve complex transactions, intellectual property rights, and financial planning, requiring specialized skills and a deep understanding of the legal complexities involved. Additionally, experience, reputation, and client base play a … Read more
To determine if you need to file taxes, consider your income and filing status. If you meet any of the following criteria, you generally don’t need to file taxes: your income is below the standard deduction amount for your filing status; you’re claimed as a dependent on someone else’s tax return; you earned self-employment income … Read more
Insurance coverage for laparoscopic adjustable gastric banding (Lap-Band) revision varies depending on the specific policy and the reason for the revision. Some policies may cover revision if the Lap-Band has become ineffective or caused complications, while others may only cover revisions that are deemed Medically Necessary by the insurance company. It’s important to note that … Read more
If a discretionary trust wants to lend money, it must first determine whether the terms of the trust permit it. If the trust deed is silent on the matter, the trustees may have implied authority to lend money if it is in the best interests of the beneficiaries. However, the trustees must exercise caution when … Read more