Uncle Sam Demands More Than Valentine From Farmers (2) Oct 11, 2009
There is a potential tax planning problem with this issue, note Holcomb and Hachfeld. Assume a farmer puts 2006 corn under CCC loan on May 31, 2006. (Agri-View, WI)
Elon Law scholarship to honor GSO attorney Oct 10, 2009
A partner in Smith Moore Leatherwood s Greensboro office, Bruce s practice focuses on matters relating to individual income tax, estate and inheritance tax, estate administration, charitable organizations and other tax planning issues. Most Read Stories. (Triad Business Journal, NC)
Some IRS Balm for Short Sales of Homes Oct 8, 2009
Julian Block is an attorney and author based in Larchmont, N.Y. He has been cited as "a leading tax professional" (New York Times), "an accomplished writer on taxes" (Wall Street Journal) and "an authority on tax planning" (Financial Planning Magazine). This article is excerpted from "The Home Seller s Guide To Tax Savings." Law professor James Edward Maule of Villanova University praised the book as "An easy-to-read and well-organized explanation of the tax rules. Home sellers would be well... (RealtyTimes)
IPI taps ex-Ameriprise exec as senior VP Oct 7, 2009
In his new role with IPI, Bohli will work closely with financial consultants in IPI s on-site bank brokerage programs to bring together insurance, investments, retirement and estate and tax planning into one unified approach for customers. He will also oversee financial consultants in IPI s retail division. (San Antonio Business Journal, TX)
Is there a doctor in the house? Oct 6, 2009
Where a person is regarded as running a business all of the tax planning options are open to them, if instead they are regarded as being employed they are very limited in how they can deal with the income they earn. The first of the tests that applies is called the results test. (Sydney Morning Herald -- Business)
New Tax Code set to revolutionise investment behaviour Sep 30, 2009
Started on tax planning for this year. Right time to buy house. (India Times)
Gifts to be taxed as income from Oct Sep 30, 2009
Started on tax planning for this year. Bookmark / Share. (India Times)
Tax deadline creates angst for small businesses Sep 24, 2009
Since the year is nearly three-quarters over, "people should be thinking about getting organized for next year's tax planning," Wind said. "And if they're going to talk to a CPA about 2008, they should spend a few minutes talking about 2009," he said. (MSNBC -- Business)
Earnings Preview: Carnival Corp. Sep 22, 2009
5 million shares for tax planning, estate planning and diversification purposes. The shares are part of the massive 28 percent stake in the company owned by Chairman and CEO Micky Arison and his family, who hold a combined 220 million shares. (Yahoo News -- Press Releases)
Taxmen feel that Direct Tax Code may lead to loss of Rs 55,000-crore Sep 20, 2009
MUMBAI: Critical of the proposed Direct Tax Code (DTC), senior Income Tax officials feared that it may result in an annual revenue loss of Rs 55,000-crore and that it was not revenue-neutral as made out to be. "The tax revenue loss could be as high as around Rs 55,000-crore annually with estimated revenue loss in personal Income Tax (PIT) alone standing at around Rs 25,000-crore," senior Income Tax Officials including chief commissioner level officers told. (India Times)
Melrose Seniors News Sep 19, 2009
Wicked Local photo by Nicole Goodhue Boyd. Rick Wong talks about his Tai Chi class and demonstrates some poses during the Open House at the Melrose Milano Senior Center on Monday, Sept. 14. (Melrose Free Press, MA)
Tewksbury CPA firm announces new partners Sep 18, 2009
Jim s diverse knowledge as a tax and wealth management advisor has also enabled him to serve as Personal CFO for a number of MFA s high net worth clients, orchestrating their various business, estate and tax planning transactions and coordinating with their other advisors. About MFA Moody, Famiglietti & Andronico. (Tewksbury Advocate, MA)
Now tax will de deducted from your hospital bills Sep 15, 2009
Deducting tax at source from hospital bills must for TPAs- Tax News-Tax Savers-Personal Finance-The Economic Times. Deducting tax at source from hospital bills must for TPAs15 Sep 2009, 0545 hrs IST, Deepshikha Sikarwar, ET Bureau. (India Times)
Padgett Business Services adds new franchise Sep 12, 2009
The company provides personalized monthly profit and loss statements, payroll processing and on-going tax planning and business consulting. Victor Perry and Liam Dillon are the owners of the new franchise. (San Antonio Business Journal, TX)
President Mills underscore need for tax reforms Sep 11, 2009
It comes ahead of the celebration of the Institute's annual week, which comes off next week on the theme: "Tax Planning, An Effective Tool for Business Management in a Global Recession." The call had been scheduled a few days after the President, himself a tax expert, assumed the reigns of power last January, but had been postponed due to other pressing national issues. President Mills thanked the tax experts for their visit, but said that "I hadn't had enough to warrant a visitation by the tax... (Ghana Web, Ghana)
Abbey International Lifts Interest Rates Sep 9, 2009
This ability to determine when interest income is received may help personal tax planning. Notes to Editors. (PR Newswire)
Taxes that help protect the environment Sep 7, 2009
With all taxes, avenues are provided for tax planning. Eco-taxes provide for tax avoidance and indeed encourage this in the same way that tax incentives work in the realm of income tax. (The Star Online, Malaysia -- Business)
Which fund works well for you? Sep 7, 2009
Diversified equity funds and the tax planning funds beat the Sensex and the Nifty like in the last four months. Diversified equity funds gained 2. (India Times)
Estate planning basics Sep 4, 2009
Know the basic legal documents needed to manage property and end-of-life wishes. 53/55 found this article helpful. (Atlanta Journal-Constitution -- Health)
Clifton Gunderson presents Webinar Sep 3, 2009
She specializes in performing tax planning, research and compliance for small-to medium-sized, closely held businesses and their owners. She is a member of the AICPA and is the chair of the federal tax committee for the WICPA.. (Princeton Bureau County Republican, IL)
Five Star Bank Appoints Karl Krebs as Executive Vice President and CFO Sep 3, 2009
As CFO, Mr. Krebs will be responsible for accounting, internal controls, financial reporting, corporate tax planning and preparation. Krebs was awarded his Master's degree from the State University of New York at Buffalo with a concentration in Finance and Accounting. (Primezone Releases)
Fire Tax Phase-In Proposed; Might Be Postponed To 2010 Aug 20, 2009
Lee R. Evett, vice president of Willdan Financial Services, presented an update on the fire tax planning. Evett said that with a fire tax, all property owners would pay their fair share of the cost of providing fire protection. (Bartow Polk County Democrat, FL)
How new tax code would recast individual savings Aug 20, 2009
The draft direct taxes code signals an end to aggressive tax planning for individuals, particularly for the salaried class. To begin with, employers may have to shift to a system where consolidated amount is offered as compensation package or salary with very few perks, from the existing structure where salaries normally comprise basic, house rent allowance, conveyance, medical allowance and leave travel assistance. (India Times)
Save Williamson Act Aug 15, 2009
Prior to its bankruptcy filing, Heritage advised extremely high net worth individuals regarding estate and income tax planning. In August 2004, the Court confirmed the appointment of a Chapter 11 Trustee, Dennis S. Faulkner. (Fresno Bee -- Opinion)
Clairvest Reports Fiscal 2010 First Quarter Results Aug 14, 2009
The process of determining future income tax assets and liabilities requires management to exercise judgment while considering the anticipated timing of disposal of corporate investments, and proceeds thereon, tax planning strategies, changes in tax laws and rates, and loss carry-forwards. Future income tax assets are only recognized to the extent that in the opinion of management, it is more likely than not that the future income tax asset will be realized. (CCNMatthews Press Releases)
Xtreme Coil Achieves Strong 2009 2Q and Updates Operations Aug 13, 2009
Additionally, certain expenses related to international tax planning were incurred during the first half of 2009. Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")(1) Three months ended Six months ended 2009 2008 % 2009 2008 % Jun 30 Jun 30 Change Jun 30 Jun 30 Change ---------------------------------------------------------------------------- EBITDA 5,379 715 652 11,565 2,968 290 ----------------------------------------------------------------------------... (CCNMatthews Press Releases)
Swiss, U.S. Reach Agreement in UBS Tax Evasion Dispute Aug 13, 2009
Miami attorney Andrew Hall, who specializes in the trial of complex commercial cases, said that the next level of the UBS case is that a large number of these clients "were undoubtedly facilitated in what they did by professionals in tax planning or tax return preparers: Accountants and lawyers.". They also have problems, because it would be a violation of their professional responsibilities, he said. (Law.com)
WNY Career Expo on tap Aug 10, 2009
Topics to be covered include resume writing, advanced interviewing skills, salary negotiations, tax planning for changing jobs and the future of workforce trends in Western New York. The event is being organized by the Buffalo Niagara Human Resources Association, the and the Western New York Association of College Careers and Centers. (Buffalo Business First, NY)
Obtaining duplicate copy of imp documents Aug 9, 2009
Whatever her parents who lived in another city advised for tax planning, she would buy. But laziness is a sin. (India Times)
Business Buzz, Aug. 6 Aug 8, 2009
Join Wentworth and Germain as they explore issues such as cash flow and cash reserves, protecting your assets, and tax planning strategies. Also learn the basics of credit scoring and discover inexpensive tools available to you today to help improve your score to help you qualify for better interest rates on mortgages and other loans. (Burlington Union, MA)
McKenna Long & Aldridge adds partners Aug 7, 2009
MacMaster concentrates on tax planning and controversy and was an attorney-advisor in the (Office of Chief Counsel, ), from 1976 to 1983. Krolikowski concentrates his practice on municipal bond and other financing transactions and was an attorney-adviser in the U.S. Treasury Department from 1984 to 1986. (Atlanta Business Chronicle, GA)
We all avoid tax at one time or other; but is it wrong? Aug 4, 2009
The law does not provide a sound basis for distinguishing cases of acceptable tax planning from unacceptable tax avoidance. This has merely made it more difficult to arrive at a position where ethical considerations become relevant. (The Star Online, Malaysia -- Business)
Center Bancorp, Inc. Reports Second Quarter 2009 Earnings Jul 31, 2009
The Bank, through its Private Wealth Management Division which includes its wholly owned subsidiary, Center Financial Group LLC, and through a strategic partnership with American Economic Planning Group, provides financial services, including brokerage services, insurance and annuities, mutual funds, financial planning, estate and tax planning, trust, elder care and benefit plan administration. Center additionally offers title insurance services in connection with the closing of real estate... (Primezone Releases)
Failing to pay your tax deprives all and will be punished Jul 29, 2009
Companies, too, have come to the party, with more and more sharing the view that corporate tax planning cannot and should not occur in isolation from an organisation's broader social commitment policies and agenda. This growth in tax compliance has had a tremendous pay-off for our country. (Business Report, South Africa)
Local business leaders offer an 'Extreme Makeover' Jul 29, 2009
Greg Eliasen, founder of Eliasen CPA () will provide support in accounting, bookkeeping, and tax planning. Bill Coyne of Citizens bank will provide banking and loan support. (Wilmington Advocate, MA)
Keeping a retirement plan in sight Jul 25, 2009
Make a point to get in touch or meet them regularly to get information and insight to help make the right decisions for personal investment and tax planning. I am aware that it can be difficult to let go of your attachment feeling from the business and think critically what you really want as you age later in life. (The Star Online, Malaysia -- Business)
Taubman Centers Announces Second Quarter Results Jul 24, 2009
To preserve the original tax planning it continues to be necessary to carry this investment ... To preserve the original tax planning it continues to be necessary to carry this investment. (PR Newswire)
How to stage a comeback Jul 24, 2009
In the lead up to the end of the financial year on 30 June, this is a key period where you should be tax planning with a professional. Don't just hope for the best - ask the professionals. (Sydney Morning Herald -- Business)
New Barnes & Noble multi-format e-books dog Amazon Jul 21, 2009
There are currently 67 PLI titles available on Kindle, covering such areas as business, corporate and securities law, banking and commercial law, intellectual property law, estate and tax planning law, real estate law, insurance law, elder law, and litigation. By year-end, the line will expand to over 100 titles, including new titles addressing the global economic crisis from a variety of legal perspectives important to today's attorneys - the. (Fresno Bee -- Nation)
How to plan your tax after the budget Jul 21, 2009
Though the budget provisions will become law only on receiving the mandatory approvals, tax planning can begin by being aware of the different incentives and proposals that have been laid down and by understanding the direct impact these proposals have on ones savings and investment. Smart Living. (India Times)
Adjustments to reduce taxes Jul 16, 2009
This can be set off against other incomes of an assessee, thereby reducing his tax liability, and can as such act as a measure of tax planning. Under the Income Tax Act 1961, income from house property is a separate and distinct head of income. (India Times)
Calling for Tax Advice the Inexpensive Way Jul 16, 2009
How do individuals who need to focus on tax planning all year long keep on top of all those major and minor modifications ... Julian Block is an attorney and author based in Larchmont, N.Y. He has been cited as "a leading tax professional" (New York Times), "an accomplished writer on taxes" (Wall Street Journal) and "an authority on tax planning" (Financial Planning Magazine). (RealtyTimes)
Investing in tax-saving funds Jul 15, 2009
At a time when most people are getting impacted by rising inflation and poor returns on their investments, tax planning assumes great importance. Most people look for avenues that would help them not only evade the claws of tax collectors but also save on money. (India Times)
Time for retail investors to enter mkt Jul 12, 2009
Our experts, drawn from banking, insurance, asset management, securities and tax planning, included S K Goel, chairman UCO Bank, Krishnamurthy Vijayan, executive chairman, JP Morgan Asset Management India, D K Aggarwal, MD, SMC Wealth and Rajesh Sud, CEO ax New York Life Insurance. Moderating the discussion was Amitabh Singh, tax partner, Ernst India. (India Times)
FINANCE: Estate tax hits few ordinary people Jul 11, 2009
There are provisions that allow family-owned businesses to put off paying the entire estate tax bill at once, said Steve Armstrong, director of transactional tax planning for Rehmann, a financial planning and consulting firm based in Saginaw, Mich. but sometimes it's necessary to sell off part of the company's holdings to pay the tax. (North County Times)
Smucker's co-CEOs paid $3.9 million each in 2009 Jul 10, 2009
That includes perks such as personal use of corporate aircraft, reimbursement of club dues and expenses, annual physical exams, financial and tax planning assistance and occasional use of company-purchased season tickets to entertainment events. The company said it "strongly encourages" the Smuckers to use corporate aircraft for all air travel for security reasons. (USA Today -- Money)
Like AT & T, Other Conn. Corporations Using Tax Loopholes Jul 5, 2009
"There's nothing wrong with good tax planning," corporate tax attorney Morris W. Banks, of Pullman y in Hartford, said of the practice ... "There's nothing wrong with good tax planning," corporate tax attorney Morris W. Banks, of Pullman. (FOX61, CT)
Business Maxims Jun 29, 2009
In addition to signing the contract before 30 June there are a number of other things you should do related to end of year tax planning. There are some expenses that should be paid before 30 June if your cash flow allows. (Sydney Morning Herald -- Business)
Tax planning for business assets Jun 29, 2009
To optimise tax planning, the acquisition of fixed assets like printers, telephone systems, fans, calculators and kettles should be staggered to reduce taxable income. Capital allowance is given on a years basis even if it is acquired and in use for less than a year. (The Star Online, Malaysia -- Business)
Revenue recognition and cost of sales Jun 26, 2009
Via this three-part series on effective tax planning, you as the sole proprietor can optimise your taxes by understanding and applying the tax deductions available, hopefully in time for Form B submission by June 30. This first part highlights how you can optimise taxes and avoid penalties by implementing permitted accounting standards, segregating trading stock from items for personal use and applying stock write-down and obsolescence policies. (The Star Online, Malaysia -- Business)
CORRECTION FROM SOURCE: Clairvest Reports Fiscal 2009 Fourth Quarter and Year-End Results Jun 24, 2009
"Clairvest filed a new normal course issuer bid enabling it to make market purchases of up to 797,678 of its common shares in the 12-month period commencing March 6, 2009. As at June 23, 2009, Clairvest had repurchased a total of 5,709,578 common and non-voting shares over the last six years.Subsequent to year end, Clairvest declared an annual dividend of $0.10 per share, which will be payable July 27, 2009 to common shareholders of record as of July 10, 2009. This is an eligible dividend for... (CCNMatthews Press Releases)
Retirement report: Quarter of employers eliminate match to 401(k) plans Jun 23, 2009
Do a better job in your tax planning. The goal is to get as close to 0. (Atlanta Journal-Constitution -- Business)
Insiders Exit U.S. Stocks at Fastest Pace in Two Years as Market Rallies Jun 22, 2009
From time to time, and within appropriate trading windows, Amgen executives exercise their right to sell shares for tax planning, to prevent stock option expiries and other purposes, spokesman wrote in an e-mailed response to questions. Eight-Month High. (Bloomberg -- US)
Breakthrough Analysis Helps Auditors Better Assess Risk of Non-Public Companies Jun 20, 2009
For more than 50 years, BNA Tax & Accounting has offered practitioners expert insights and guidance on every significant issue in tax planning and financial accounting. Written by practitioners for practitioners, BNA's award-winning Portfolios offer topic-driven, in-depth guidance on transactions designed to help tax professionals achieve new levels of excellence and client service. (PR Newswire)
Start Prepping Now to Avoid Audit, Cut Taxes and Relieve Stress in 2010 Jun 20, 2009
Tax planning is a year-round chore. While it's still early in the year, start now to work with your accountant to create a plan that involves taking full advantage of all tax deductions for which you may be eligible and carefully monitoring the payment of your income taxes throughout the year. (Ontario Argus Observer, OR)
Another blow for investors in agri-schemes Jun 18, 2009
The deputy commissioner for aggressive tax planning, Stephanie Martin, said yesterday the Tax Office was not interested in a company's solvency, or clawing back deductions from failed businesses. But she said it would be reviewing whether failed schemes had differed materially from the prospectus used as the basis for a product ruling. (Sydney Morning Herald -- Business)
Jim Sandager to Host ''The Ultimate Gift'' Jun 17, 2009
The firm specializes in financial, retirement, estate and tax planning. The firm also offers insurance and investment advisory services, securities are offered through LPL Financial. (Yahoo! Wire -- Entertainment News)
Get the most out of your homebuying tax credit Jun 16, 2009
"There are some real neat tax planning strategies you can apply now," said Bob Meighan, vice president of TurboTax. advertisement. (MSNBC -- Business)
Choosing right insurance cover Jun 16, 2009
For a young investor, it is not a bad idea to begin the tax planning exercise with an insurance product. Smart Living. (India Times)
Reko Announces Third Consecutive Quarter of Profitability During Financial Downturn Jun 5, 2009
The facts used to assess the likelihood of realization are a forecast of future taxable income and available tax planning strategies that could be implemented to realize the future tax assets. The Company has, and continues to use, tax planning strategies to realize future tax assets in order to avoid the potential loss of benefits. (CCNMatthews Press Releases)
Time to plan your tax-saving investments May 31, 2009
It's that time of the year where tax planning takes precedence over other options. Unlike last year, the equity markets are in a better shape and the returns from equity-linked savings schemes (ELSS) are looking healthier than in the past. (India Times)
Second home? May 29, 2009
There are other tax planning approaches that individuals may wish to consider if they have a weekend cottage and have held it for a long period of time. It is surprisingly easy to flip property, although it is critical that election as to your principal private residence are made within the correct time frame. (BBC News -- UK)
AICPA Applauds Introduction of Bill by Representative Boucher and Representative Goodlatte to Prohibit Tax Strategy Patents May 22, 2009
WASHINGTON, May 21 /PRNewswire-USNewswire/ -- The American Institute of Certified Public Accountants applauded Representative Rick Boucher, a Democrat from Virginia, and Representative Bob Goodlatte, a Virginia Republican, for introducing legislation that would prohibit patents on tax planning methods. "We need this bill so that U.S. tax laws will be applied equally to all taxpayers," AICPA President and CEO Barry Melancon said. (PR Newswire)
ELSS best investment option over 3-5 years May 19, 2009
To begin with, the SIP option would help you start tax planning from the beginning of the financial year ... For most people, tax planning is a last-minute rush in March, just before the end of the financial year. (India Times)
'What do we expect from MPs?', asks Simon Sweetman May 18, 2009
e. you can claim what you want as long as nobody finds out), but I think it is indicative of the publics mood, as it is fast losing tolerance for creative finance, including tax planning. Number of comments: 1. (Accounting Web, UK)
