<h2 class = 'uawtitle'>The Various Cocoa Beach Taxes</h2><br />
<div style='font-style:italic;' class='uawbyline'>by Jason Wagner</div><br /><br />
<div class='uawarticle'>Taxation is a reality. It is a reality of life. It is just like death. There is no one in the United States who can escape death. That is also the case everywhere in the world. Everyone will die one day. Also, every American has to pay tax so long as he is alive. That is a guarantee. Paying taxation is not a punishment. It is a civic responsibility. The taxation system is not a new system. Taxation is as old as time. In addition, it will not end any time soon. There are a number of <a href="http://www.rodneyswhitecpa.com">Cocoa Beach taxes</a>.<br />
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The concept of taxation is noble in every sense and respect. Taxation facilitates a functional society. The government of America needs money so that it can run. The Armed Forces of America protects the country from external aggression. They require financial resources to be able to do that. Civil servants have to be paid. Taxation finances all these activities.<br />
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There is income tax in United States of America. That is also the case in other countries such as the United Kingdom, Germany, France, and Canada. Almost all developed countries on earth have an income tax regiment. That means that people who earn an income above a certain level have to pay taxation dependent on the level of their income.<br />
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There is also corporation tax. This is paid on profits made by a business. The main goal of doing any business is to make a profit at the end of the financial year. That is the reason why businesses usually prepare a profit and loss account. The profit figure that is indicated at the end of this statement is subject to taxation.<br />
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There is also withholding tax. This targets dividends paid to shareholders. A company does not have to pay dividends. The discretion to pay dividends is on the hands of the board of directors. The board can decide to plough back profits to finance urgent company projects. If a decision is reached to pay dividends, there will be the need to conform to taxation rules.<br />
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Value Added Tax (VAT) is a very basic tax. It will affect an American even if he does not earn an income. For every product that is consumed, one has paid VAT. People hardly notice this tax. That is due to the fact that it is not paid directly out of the pocket. It is an indirect tax included in the price.<br />
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Many people in America and other countries usually find taxation to be burdensome. That is because of the high cost of living. The good news is that it is possible to reduce taxation that has to be paid at the end of the day. To legally reduce taxation, one needs to take advantage of the various tax avoidance strategies.<br />
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The taxation process involves a number of steps. First and foremost, the returns have to be prepared. They need to be prepared with a high level of attention to detail. Nowadays, there is software that can be used to make the whole affair to be seamless and easy. Fully prepared returns should be sent to the IRS before the deadline and taxation subsequently paid.<br />
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<div class='uawlinks'>Get details about important things to keep in mind when picking an accountant and more information about a professional who specializes in <a href="http://www.rodneyswhitecpa.com">Cocoa Beach taxes</a> at http://www.rodneyswhitecpa.com today.</div><br />
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