The most important objective of taxation is to raise required revenues to meet expenditures. Apart from raising revenue, taxes are considered instruments of control and regulation to influence the pattern of consumption, production, and distribution. Taxes thus affect an economy in various Read More
Taxes are a cost that every person must face to support the government because they are traditionally a major source of income for governments around the world. Olaofa (2008) asserts that the government must carry out specific tasks on behalf of its Read More
Enterprises without a tax ID lack a number of benefits that small businesses with one do. An employer identification number, or tax ID, is a nine-digit number assigned by the Internal Revenue Service. Some states mandate tax IDs for business owners, which Read More