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CPA

[VAT]Why Your Meal Expenses Are Not VAT Deductible for Your Business? 1.Entertatinment expense As you run your business, you may occasionally treat your clients to luch , dinner, or some gift. and we can account for these costs are "entertainment expense" on your income statement. The rule for VAT deduction is, if you spend money for your business and obtain a tax invoice, cash receipt, or use a credit card(qualified receipt), your can deduct amount of VAT of your.. 더보기
G-tax Providing services If you're looking for a way to better understand your company's tax situation, look no further than G-tax! We offer a user-friendly English version of tax return forms that are designed to simplify the process and help you stay on top of your tax obligations. Our streamlined approach to tax filing ensures that you don't have to navigate complicated tax laws or worry about making costly mistakes... 더보기
[Payroll]Withholding tax guide [G-tax guide book] Do your company have employees? than I'm sure your company pay salary to your employees. When you pay salary, you should pay 'net salary' which deducted taxes (if need, social insurances too) from salary not the total amounts of salary which is before tax. And deducted taxes should be paid to tax office. yes it means company pay employees taxes on behalf of them from their salary. we call this p.. 더보기
How English teachers pay taxes in Korea? -1 In Korea which have super high educational passion (especially for English!), tons of foreign english teachers are working in Korea. They work at Public school, University or Private academy(in Korean, Hagwon). As they work and get paid in Korea, they should pay taxes in Korea. However, Compared to the number of foreign english teachers in Korea, professional tax service for the teachers isn't e.. 더보기
To register to Hometax(NTS) is first step of your business Hometax is Korea’s national tax service homepage. You can do almost everything related to tax through this homepage without going to tax office in person. To use this site, hometax, you need an ID & PW.Please follow below process.1.Search ‘Hometax’ ​​2.Click the ‘회원가입’ in the upper part. ​3.Check you are business or individual userIndividual : Use resident number (13digit)Business : Use business.. 더보기
Appointment process of your tax accountant in hometax. ​ When you have found reliable qualified tax accountant for your business in Korea, the next step is appoint the tax accountant as your tax preparer in the Hometax site. ​ Through this process, your tax accountant can check and see lots of thing which needs for tax filing of about your business. so It can reduce your burden to prepare documents about your business’s sales & cost for tax filing. .. 더보기