Haven’t had a good sleep last night, because my Little Zoie’s temperature is too high for comfort. :-( Yes, the fever is here but the cough did not go away either.
Even so I’m still sleepy right now, I need to finish the summary, put in a spreadsheet, of taxes my father needs for his application of bank loan. Right now, he needs compilation of income tax of his business.
Income tax, according to wikipedia.org, is a tax levied on the income of individuals or businesses. It is collected as pay-as-you-earn basis. If you paid for more than you should, you will get a tax refund. But if it’s the other way around, you are still liable to pay for your remaining balance in your income tax computation.
The deadline for filing for last year’s income tax is over. It was on April 15 of 2012. But unlike in the U.S., it was on April 17, just two days after our filing deadline. And if they are not finished with their Income Tax for 2011, their tax department are giving IRS extension form 2011. Well, I don’t know if there are any extensions for filing our taxes here. ^_^
As it seems, U.S. extension given to late taxpayers is up to 6 months. It will be until October 15, 2012. Take note, although it is tagged as extension but it doesn’t mean it is an extension to pay.
Now, better finish this summary report my father needs this ASAP. ^_^