HOW TO CALCULATE GROSS PROFIT MARGIN PERCENTAGE
Gross Profit Margin Gross profit margin is the measure of each pound of revenue left after paying cost of goods sold (COGS). Gross profit margin is also referred as ‘gross margin’ and is [...]
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HOW TO CALCULATE MARGINAL TAX RATE
Marginal tax rate Marginal tax rate defines the amount of tax an individual has to pay on the higher income amount. Once an individual’s income reaches a certain threshold, he/she will have to [...]
TAX ON STOCKS AND SHARES (UK)
Introduction In the UK, there are three types of tax an individual has to pay while trading shares – these three encompass capital gains tax, stamp duty, and income tax. An individual might [...]
TAXES AND REFUNDS ON FLIGHT TICKETS
If an individual books a flight ticket for either self or family then he/she is eligible for a refund on the Air Passenger Duty (APD) provided they do not actually fly. If you are an employee and [...]
HOW TO SET UP A SOCIAL ENTERPRISE
Overview An individual must opt for a business structure if he/she aims to start an organisation or business that will provide support and be of assistance to the community. Such a business [...]
eBay Sales Tax
Taxation is a difficult and intricately complicated business. And with the advent of internet friendly business system, it is much harder to track the money for IRS. eBay is a commercial business [...]
How to make or write a will?
A will is a very important document for your family and you. It lets you transfer your assets/shares to your son or daughter, wife or relative. It also has plan for major or minor children, and [...]
Pigouvian Tax and Subsidy in UK
What is A Pigouvian Tax? A Pigouvian tax, also spelled as Pigovian tax, is a tax which is implied on any market activity which generates negative externalities and it is intended to correct an [...]
Taxes on Bonds
Bonds are one of the best and easiest ways to invest money or savings. Depending on the kind of bond, the rate of interest and income will be determined. Definition of Bonds Bonds can be defined [...]
Taxes on Commission – Troncmaster and Minimum Wage
Taxation System in the United Kingdom On a broader level, taxation in the United Kingdom involve three different levels of government such as: The Central Government, which is also commonly known [...]