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When was California Franchise Tax Board created?
California Franchise Tax Board was created in 1950.
What is the accounting entry for the Provision of Income Tax?
dr. income tax expense cr. income tax payable
What can one find on the California franchise tax board website?
The California Franchise Tax Board website contains information relating to personal and corporate income tax in California. It offers filing information, tax rates, the ability to pay online, tax calculators and the ability to download various tax forms.
Can the California franchise tax board garnish your ssi?
no they cannot
What is the accounting entry for Income Tax?
Account entry for income tax is a tax that you have to pay when you go in a store or a restaurant in Canada. http://chinese.com/ = this is the website where can you check the answer to make sure
Who do you make a check out for your state taxes in California?
"Franchise tax board"
What are the entry level jobs in accounting?
There are a lot of area that you can look for work when you are doing a search for accounting jobs. You will want to search; accounting, entry-level, finance, tax, marketing, business and different sections like that.
Does the entry to record weekly payroll tax liabilities reduce assets and equity portions of the accounting equation?
yes
What is the accounting double entry when a company pay withhold tax?
When paying withholding tax the double accounting method would be to first post the amount as an Accounts Receivable, under Withholding Tax. The next step would be to post the amount to Accounts Payable under Withholding Tax.
How does management accounting differ from cost accounting?
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
What are the typical franchise tax fees in California?
A franchise tax is a government tax charged by individual U.S. states to corporations, limited liability companies and partnerships that have nexus in the state. The franchise fees are based on the net worth or capital held by the entity. In essence, the franchise tax charges corporations for the privilege of doing business in that state.In the state of California, franchise taxes are known as LLC taxes, and they have a minimum tax amount of $800. The franchise tax in California applies to limited liability companies, S corporations, limited partnerships, traditional corporations, and limited liability partnerships.In general the S corporations franchise tax in 1.5 percent of the net income with a minimum tax of $800. For standard limited liability companies, the franchise tax is rather a flat fee than a percentage, and it varies on total income or gross income, as follow:Gross income from $250,000 to $499,999 = $900 feeGross income from $500,000 to $999,999 = $2,500 fee + $800 LLC taxGross income from $1,000,000 to $4,999,999 = $6,000 fee + $800 LLC taxGross income from $5,000,000 or more + $11,790 fee + $800 LLC tax
What features are available on enterprise accounting software?
Some features of the most popular enterprise accounting software include budgeting help, customer relationship management, double-entry accounting and E-commerce tax calculation.
