Lecture 03: Business Expenses. Itemized Deductions. [Income Taxation]

Welcome to Sir Win - Accounting Lectures. Ang accounting discussion online pero classroom approach. Hindi review, kundi first view. Kaya asahan ang kaunting jokes, kwento at kung ano ano pang mga segwey na nangyayari sa loob ng classroom
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Taxation. Income Taxation. History of Taxation. Substituted Filing. Self Assessment. BIR. Aspects of Taxation. Definition of Taxation. Purposes of Taxation. Objectives of Taxation. Taxation Doctrine. Lifeblood Doctrine. Ability to pay theory. Holme's Doctrine. Marshall Doctrine. Escape from Taxation. Tax Evasion. Tax Avoidance. Tax Amnesty. Tax Condonation. Direct Duplicate Taxation. Inherent Powers of the State. Limitations of Taxation Power. Inherent Limitation. Constitutional Limitations. Situs of Taxation. Sources of Tax Laws. Philippine Tax Laws and Taxes. National Internal Revenue Code of 1997. Tax Code. Fiscal Adequacy. Theoretical Justice. Administrative Feasibility. Basic Principle of Sound Tax System. Tax Classifications. Classification of Individual Taxpayer. Resident Citizen. Non-Resident Citizen. Resident Alien. Non Resident Alien Engaged in Trade or Business. Non Resident Alien Not Engaged in Trade or Business. Categories of Income. Compensation Income. Business Income. Mixed Income. Passive Income. Capital Gains from Sale of Share of Stock. Capital Gains from sale of real property. Interest. Yield. Royalties. Prizes. Winnings. Dividends. Final Tax. Final Withholding Tax. Compensation Income. Gross Income. Business Income. Gains Derived from Dealings in Property. Ordinary Asset. Capital Asset. Capital Gains Tax. Prizes and Winnings. Annuities. Pensions. Income from whatever source. Exclusions from Gross Income. Deduction from Gross Income.
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[@VictorianVenus]

0:10 Business Expenses Textbook Definition
1:07 Items included in business expenses
13:39 Requisites for Deduction of Business Expenses

[@user-ks3ti6el2p]

kasama po ba dyan ung employer's share sa benefits like sss, philhealth, pag-ibig?

[@fritzseva7602]

Thank you sir! ♥️♥️♥️

[@jusfergalicia5401]

Thanks Sir!

[@SirWinAccountingLectures]

Keep watching

[@angelafranco642]

Sir win, yung mga biniling materyales po needed for the fabrication or services macoconsider po ba itong allowable deduction? example po, ang service is repair and repaint of fire exit doors bumili po ng mga materyales na gagamitin like paint, bolts, panic door lock etc? non vat po kami sir Win.

[@kthpny16]

Hi sir. Pano po pag ung labor expense ko no need to withhold pwde pa rin po ba yun as business expense deduction? Thank you po sa sagot