Introduction Are you passionate about making a positive impact in your community? Do you have a vision for a nonprofit business that can bring about meaningful change? If so, you’re in the right place! In this comprehensive guide, we will walk you through the process of starting a nonprofit business from scratch. From understanding the fundamentals of entrepreneurship to navigating the unique challenges of the nonprofit sector, we’ve got you covered. Get ready to unleash your entrepreneurial spirit and create a lasting impact with your nonprofit venture. Section 1: Understanding Nonprofit Entrepreneurship The Power of Nonprofit Businesses Nonprofit organizations play …
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# Taxes
Taxes are mandatory financial charges imposed by governments to fund public services and interventions. They are levied on income, property, goods, services, transfers etc. depending on tax legislations. Taxes ensure redistribution of resources and play an important role in economic and social policy. Direct taxes include income tax and wealth tax while indirect taxes comprise sales tax, VAT, custom duty etc. Tax revenues fund governance, infrastructure, healthcare, education, welfare and defense. Compliance with tax liabilities and laws is an obligation of citizens and residents. Tax structures and rates are influenced by economic ideology and developmental priorities of governments.