kasowy PIT
English translation: cash-based PIT
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| 19:17 Feb 23, 2024 |
| Polish to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Andrzej Ziomek Poland Local time: 18:13 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 3 | PIT based on revenue actually collected, rather than gross invoices |
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| 2 +1 | cash-based PIT |
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| 1 | Estimated taxes (Pay As You Go) |
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| Discussion entries: 2 | |
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Answers
14 mins confidence: 
PIT based on revenue actually collected, rather than gross invoices Explanation: Just a suggestion, as I haven't heard any better way to put it... |
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3 hrs confidence: peer agreement (net): +1
peer agreement (net): +1cash-based PIT Explanation: . -------------------------------------------------- Note added at 3 hrs (2024-02-23 23:00:22 GMT) -------------------------------------------------- https://www.mytipsandadvice.co.uk/2017-04/new-era-of-cash-ba... New era of cash-based taxation begins -------------------------------------------------- Note added at 3 hrs (2024-02-23 23:05:19 GMT) -------------------------------------------------- https://www.vatupdate.com/2024/01/27/will-the-introduction-o... The introduction of cash-based PIT for entrepreneurs is expected by small companies in the hopes of solving issues with unpaid invoices. |
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1 day 21 hrs confidence:
Estimated taxes (Pay As You Go) Explanation: Federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. There are two ways to pay as you go: withholding and estimated taxes. - https://www.irs.gov/businesses/small-businesses-self-employe... --- Taxes must be paid as you earn or receive income during the year, either through withholding or estimated tax payments. - https://www.irs.gov/businesses/small-businesses-self-employe... --- Who must pay estimated tax Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed. - https://www.irs.gov/businesses/small-businesses-self-employe... |
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