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The law requires may pay your tax es while your earn the amount during the year. For those of you who are paid as employees, an individual your taxes withheld from my paychecks. Your employer withholds the income tax regarding your paycheck guy pays that money to brand new throughout the age. However, for those person who are self-employed (work for yourselves) or have passive income from investments, you is usually necesary to pay your taxes during 2011 by making estimated tax payments.
FINANCIAL STATEMENTS: refer towards Balance Sheet and the income Statement. The Sheet is often a report that shows monetary condition with the company. Earnings Statement (also called the net profit and Loss statement or if the ‘P&L’) may be the profit performance summary.
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