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Equity
Equity represents the residual interest in a company’s assets after deducting liabilities. For owners, it reflects their stake in the business. In corporations, it includes common stock, retained earnings, and additional paid-in capital. Equity increases with profits and decreases with losses or withdrawals.
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Excise Duty (Australia)
A tax levied on specific goods manufactured or produced in Australia, such as alcohol, tobacco, and fuel.
Employment Allowance
A UK relief allowing eligible employers to reduce their annual National Insurance liability by a set amount.
Estimated Tax Penalty
An IRS penalty applied when a US taxpayer underpays estimated taxes throughout the year.
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