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Showing posts with the label company taxes

In a search of financial security...

Everywhere you see, you will encounter posts that say you should do this to increase your passive income or learn and use AI to create an income stream. That is exactly what my sister and I decided to do. This is where we will document everything we did and how much we made. The reason for us documenting everything in written form is that everything is sight-heavy in a way you watch and see. However, at least to me, it feels like when I watch something for a long time, there is a disconnection between my sight and my brain. So, to stimulate my brain using my eyes, writing things out is the way to go. When I read, I imagine the scene and feel the emotions that tantalize me. Hopefully, this is the case for you.   Back to our financial security plan... So, we do "Sister Check-Ins" every week. This is where we talk about everything, literally everything. There will be some family gathering planning or what we are watching (as in movies) and reading. Of course, anything related to...

So many things in a week

     So many things happened in a week.       We are waiting for a business visa for my dad because he established a company in Japan. We have been waiting for a year. Yet, we still have to file for taxes and even pay local city taxes.       I know it is weird to pay tax on a company that cannot operate because the person who established the company hasn't gotten his visa, yet. We cannot open even a company bank account because Japanese banks ask for the owner's residence card. There is no residence card if you don't have a business visa.       In Japan, if you are a business owner, you must file for taxes 3 times. First, it is the national tax. You or an accountant prepare the financial statements and you go to the national tax office for tax filing. You may or may not pay taxes because it will depend on whether you had a good year or a bad one. Second, it is the city tax. It is the tax you pay where you have yo...