「Wa Accounting」一覧

If you rent out land or buildings and make a profit, you are required to file a tax return. However, you may wonder what is included in income and expenses and when to recognize the profit. In this guide, we will cover the basics of calculating real estate income and taxes.

The amount of business income is calculated by subtracting necessary expenses from total earnings. When calculating employment income, are necessary expenses subtracted from total salaries and wages, as with business income? 

Business income refers to income from sales activities, including wholesaling, retailing, manufacturing, services, and other operations where income is derived from business activities. This category also includes income earned by professionals such as doctors, lawyers, writers, actors, and those involved in fishing or similar enterprises.