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Taxes

Fiscal year

In the world of finance, a fiscal year refers to a specific 12-month time period that is designated for the purpose of financial reporting for a company or organization. This period is chosen by the enterprise and typically aligns with the natural business cycle. It is an essential concept for understanding a company's financial health and performance. Let's delve deeper into the intricacies of fiscal years and their significance in the world of finance.

Resident

A tax resident is an individual who is responsible for paying taxes in a particular country or state, based on factors such as their permanent residence, place of management...

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Tax return

to Welcome to the world of finance, where we explore the concepts of risk and return. As investors, we are constantly faced with decisions that involve balancing these two c...

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Debtor

In the world of finance, we often come across the term "debtor" or "borrower". This refers to an individual or entity that has taken on a financial obligation to repay bor...

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Lump-sum deductions

Tax deductions, commonly applied to one's income, are used to calculate taxable income. However, they may not always accurately represent the true financial situation. It's ...

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