Patriot Coal Announces Results of 2009 Annual Meeting of Stockholders May 13, 2009
Patriot Chairman Irl F. Engelhardt also reported that the Board of Directors formed a Finance Committee to review the Company's financial strategies, budgets, cost controls, tax planning and insurance strategies on a routine basis. The Board established the Committee in light of global economic conditions and the issues facing the banking industry. (PR Newswire)
Interstate Hotels & Resorts loses $12.5M May 7, 2009
9 million of tax expense relating to the company s global tax planning strategy. In March the company predicted a 2009 RevPAR decline scenario of 15 percent for all managed properties and 13 percent for owned hotels. (Washington Business Journal, DC)
Labopharm Reports Results for First Quarter Fiscal 2009 May 7, 2009
2 million for the first quarter of fiscal 2008, a decrease in non-refundable Canadian federal tax credits resulting from a change in tax planning. Selling, general and administrative expenses for the first quarter of fiscal 2009 were $6. (Canada Newswire)
Union Credit Bank could get $2.7M in TARP May 6, 2009
It s not as simple as it seems, as one has to consider all the implications, including the ability to create a future holding company, dealing with future investors and tax planning, he said in a news release. Capablanca had planned to set up a foreign holding company for the bank s Chilean owner, who is not a U.S. citizen. (South Florida Business Journal, FL)
CRACK DOWN: Companies Face New Tax Curbs... May 5, 2009
As money has become more readily transferable -- and aggressive tax planning more widespread -- it has become easier for companies and individuals to take advantage of low taxes as well as lack of transparency in many offshore havens. In one big change, the administration is aiming to curb a practice commonly known as "deferral," which U.S. multinationals use to shave their tax bills on their overseas operations. (The Drudge Report)
MGM MIRAGE Reports First Quarter Financial Results May 5, 2009
In addition, capital allocation, tax planning, financing and stock compensation awards are all managed at the corporate level. Management uses Property EBITDA as the primary measure of the Company's operating resorts' performance, including the evaluation of operating personnel. (Yahoo! Wire -- Entertainment News)
Business Notes (April 30) Apr 29, 2009
Prior to joining Lander & Lander, P.C. in 2007, Fish practiced estate planning, tax planning and probate law with two firms in Braintree and Quincy for more than 13 years. He is a member of The Boston Estate Planning Council and the Boston Bar Association and is a member of The Board of Directors of The Jewish Big Brother and Big Sister Association of Greater Boston. (Needham Tab, MA)
Plan taxes early Apr 28, 2009
"Any tax planning should ideally be done in the beginning of the (financial) year so one knows exactly how much he needs to save in the year," says Sanjoy Banerjee, executive director at ICRA Online ... Tax planning is a part of financial planning and should not be done solely to save tax, making it essential to keep your goals in mind. (India Times)
Policies with better tax rebates for employees Apr 28, 2009
Dr Choong Kwai Fatt, tax consultant and associate professor at the Faculty of Business and Accountancy, Universiti Malaya, said most businessmen and companies had tax consultants to help them in tax planning, but that was not so for many employees. So the Government wants to give more to the employee, he said at a talk on personal tax filing, jointly organised by the Association of Chartered Certified Accountants and StarBiz. (The Star Online, Malaysia -- Business)
Plan for '09 taxes now, not later Apr 19, 2009
Tax planning is best viewed as a year-round process ... Tax planning gets more complex when you consider other things that can get thrown into the mix. (AZCentral -- Business)
Duckwall-ALCO Stores Reports Results for Fourth Quarter Fiscal Year Ending February 1, 2009 Apr 17, 2009
3 million in charges related to staff and executive management changes, relocations and professional fees related to tax planning strategies, including tax method changes, which have reduced these reported amounts. This $1. (Primezone Releases)
Economy dampens hope of a comfortable retirement Apr 14, 2009
Retirement Income strategies, financial and tax planning, and online tax management. Featured. (Yahoo News)
Pirner: Year-end strategies for a happier tax return Apr 13, 2009
Check out these tips that can guide you through the sometimes confusing ins and outs of year-end tax planning ... If you have questions about year-end tax planning, talk to your tax professional or visit www. (Medford Transcript, MA)
Reap the benefits of tax planning Apr 13, 2009
- Be the first to reap benefits of tax planning-ET Slide Shows-Features-The Economic Times ... Be an early bird to reap benefits of tax planning ... And like each year, many will fill it without even a thought on sensible tax planning, which will be relegated to the very last month of the financial year. (India Times)
Smart Tax Planning Apr 12, 2009
Sunday, April 12, 2009 Last Update: 06:20 AM EDT. SOME WAYS TO STIMULATE YOUR RETURN. (New York Post -- Business)
Novellus CEO 2008 compensation falls 78 percent Apr 11, 2009
He also received other compensation of $41,314, including $25,190 for tax planning and preparation, $9,374 for financial advisory fees and $6,750 in matching 401(k) contributions. Hill received no performance-related bonus for 2008 and did not get any stock options or restricted stock last year. (Fresno Bee -- Business)
Business tax planning should be year-round Apr 9, 2009
Owners who don't grasp the idea that a company's tax planning - in reality, overall business and financial planning - is a year-round process may be setting their businesses up for an even tougher time in this difficult economy. They might also miss out on some tax law changes that are designed to help small businesses get through the recession. (AZCentral -- Business)
Swift action to adopt OECD standard vital Apr 9, 2009
It is, however, important to note that this should not affect legitimate tax planning as long as there is commercial and economic substance. Ultimately, as Malaysia progresses to the white list, the reputation and perception of Malaysia and Labuan will be significantly enhanced, having received international approval. (The Star Online, Malaysia -- Business)
Former Law Firm Partner Draws Prison Term in KPMG Tax Shelter Scandal Apr 2, 2009
Quoting Judge Learned Hand, Kaplan said there was nothing wrong with people trying their hardest to pay the minimum amount of taxes due the U.S. Treasury, but that these men had concocted a scheme that was "so raw, so brazen, so outrageous" that it was clearly on the wrong side of the line separating poor or ineffectual tax planning from crime. The trio were convicted in a trial that ended in December, one in which Kaplan delivered a jury charge he said Wednesday was designed to make sure the... (Law.com)
Biogen CEO Gets 7 Percent 2008 Compensation Boost Apr 2, 2009
Above-market earnings on deferred compensation totaled $96,352, and perks rose 61 percent to $257,919, including retirement contributions and tax planning reimbursements. The bulk of Mullen's compensation came in the form of restricted stock and options with an estimated value of just under $7. (ABC News -- Wire)
Sarah Janes final blog: Positive progress Mar 30, 2009
I used to split my time looking after them and managing my firm, as well as doing some of the more complicated tax planning. Looking back, it is hard to remember the time before Lesley arrived. (Accounting Web, UK)
Tips for buying into an accountancy practice Mar 30, 2009
Could it get involved in the needs of its clients for investment, pensions, life insurance, mortgages, the inheritance tax planning sector, probate, litigation support and management accounting services, and of course, business advice. Rather than simply trying to protect its clients against paying too much tax, are they advised on how to make money. (Accounting Web, UK)
People in Business, 3-29-09 Mar 29, 2009
JL Accounting provides personalized services in tax planning, tax preparation and accounting for all types of entities and individuals. In 1997, Larson added financial services to her practice. (Racine Journal Times, WI)
People Turn to Jim Sandager of Wealth Enhancement Group for Financial Guidance Mar 28, 2009
Wealth Enhancement Group is a Minneapolis, Minnesota based firm specializing in financial, retirement, estate and tax planning. The firm also offers insurance and investment advisory services, securities are offered through LPL Financial. (Yahoo! Wire -- Entertainment News)
Hallmark Financial Services, Inc. Announces Fourth Quarter and Fiscal Year 2008 Earnings Results Mar 27, 2009
The fourth quarter and fiscal 2008 results were impacted by investment impairments we recognized to reflect market conditions, investment losses realized for tax planning purposes, a valuation allowance on our deferred tax asset and the hurricanes that hit the Texas coast during the third quarter. The following table details these items and their impact on our reported net income and diluted earnings per share ($ in thousands, except per share amounts). (Primezone Releases)
McGuireWoods to Combine With London Firm Mar 24, 2009
Grundberg also focuses on tax planning, litigation and dispute resolution, and it has particularly strong cross-border relationships with the Nordic countries, Russia, other countries of the former Soviet Union and the United States, according to the McGuire statement. McGuireWoods is a general service firm, with capabilities across litigation, corporate and financial areas. (Law.com)
Silver Lining? Tax Moves for Tough Times Mar 22, 2009
That means many taxpayers are facing unfamiliar issues, deductions and traps on their 2008 tax returns and in their tax planning. Just last week, the IRS, under pressure from Congress, issued new rules that will allow victims of Bernard Madoff's $65 billion Ponzi fraud and similar schemes to claim investment-theft. (ABC News -- Business)
8 common myths & misconceptions about tax Mar 17, 2009
While we all do tax planning and have become well versed with many provisions of the I-T Act that are relevant to us, there are many beliefs that may not necessarily be facts. These are perceptions that have been formed through opinions of friends, colleagues and other self-professed experts, who themselves have not grasped the provisions of the I-T Act properly. (India Times)
Homefront in Focus Mar 12, 2009
There are many resources out there to help us with tax planning and financial planning. For military, we encounter unique tax challenges and sound information is 'golden. (San Diego Union-Tribune)
Family businesses passing the baton represent looming crisis for Québec economy Mar 12, 2009
Questions cover succession planning and development, and also corporate governance, conflict resolution, buy-and-sell agreements, strategic planning, exit strategies, estate planning, restructuring, and the ever-present tax planning. Navigating through economic storms The current economic downturn represents different sorts of opportunities. (Canada Newswire)
How can women make the most of the market Mar 10, 2009
Investments under mutual funds or ELSS schemes are done primarily with an objective of tax planning. Very few women would go ahead and try their hands at investing in exotic products like derivatives, interest rate swaps, arbitrage products etc. (India Times)
Jersey prepares for scrutiny of offshore banking Mar 9, 2009
"It's quite difficult in either jurisdiction to be too involved in illegal tax planning activities," Jarrett said, citing recently enacted laws on money laundering and terrorism. But international pressure on tax havens is building, causing such locations to come under greater scrutiny. (International Herald Tribune -- Business)
Jersey raises floodwalls as tax storm brews Mar 8, 2009
"It's quite difficult in either jurisdiction to be too involved in illegal tax planning activities," Jarrett said in a telephone interview, citing the recent introduction of anti-money laundering and anti-terrorism laws. PRESSURE. (International Herald Tribune)
Raffa, Freidkin accounting firms merge Mar 5, 2009
By expanding our ability to help businesses and individuals better manage and leverage their finances through sophisticated tax planning, we believe the firm can have a larger, more significant impact on our work in the community, said CEO Tom Raffa, who established the firm in 1984, in a statement ... Services include business and estate tax planning, business advisory, forensic, and valuation services. (Washington Business Journal, DC)
Nearly one-half of Canadians plan to either deposit or reinvest their income tax refund or use it to pay down debt, according to Scotiabank poll Mar 2, 2009
" Whether you ultimately decide to deposit/reinvest or pay down debt, Mr. Salahudeen encourages Canadians to file their tax returns early so they get their refund back as quickly as possible, thereby accumulating or saving as much as a month and a half of interest. The study also found that eight per cent of respondents said they would go shopping/buy things, while five per cent said they would use their refund to go on a vacation and four per cent said they would do some home renovations. "If... (Canada Newswire)
Center Bancorp, Inc. Declares Quarterly Dividend of $.09 Per Share Feb 27, 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)
Adjustments to reduce taxes Feb 27, 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)
Salaried? Save taxes while creating wealth Feb 27, 2009
Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not be the sole focus. (India Times)
Taxes and money: Time to prepare 2008 return, get ready for 2009 taxes Feb 23, 2009
In addition, should this happen, some of your tax planning may become meaningless. It is estimated by the taxpayer s advocate s office that without major changes, the AMT could affect over 30 million taxpayers by the year 2010. (Lake County News)
Legal entity decisions VAT horror stories by Neil Warren Feb 23, 2009
Imagine the following situation: a very generous father who owns a commercial property on which an option to tax election is in place (he is therefore VAT registered) decides to gift half of the property to his daughter as an inheritance tax planning move. The property in question is being rented out to a tenant on a long lease. (Accounting Web, UK)
Stock losses can be eased Feb 20, 2009
"Typically it's done at the end of the tax year," says John Waters, manager of tax planning at BMO Nesbitt Burns. "People take stock of all the losers in their portfolio and think of selling some of those.". (Winnipeg Sun)
Companies rush to complete M&A deals in Brazil ahead of uncertainty about tax break after 2009 Feb 20, 2009
Created in 1997 by former president Fernando Henrique Cardoso to help attract bidders for the Brazilian privatization program through law 9,532, the tax break on acquisition premiums has apparently been regarded by the federal tax authority, Secretaria da Receita Federal (SRF), as fertile ground for overly creative tax planning, said the lawyers ... Up to now, oversight measures have been sufficient to mitigate companies tax planning, said the spokesperson in response to an inquiry from... (FT.com -- Markets)
Boost pay with stimulus tax planning Feb 20, 2009
by David Pitt - Feb. 20, 2009 12:00 AM Associated Press. DES MOINES, Iowa - Whatever your situation, the government has something for you in the $787 billion stimulus package. (AZCentral -- Business)
Benefiting From Stimulus Means Tax Planning Feb 20, 2009
Accessing money from stimulus package means tax planning. By The Associated Press February 19, 2009 (AP) The Associated Press FONT SIZE. (ABC News -- Wire)
Retirement: Not So Simple Anymore Feb 19, 2009
Given the myriad of choices, if you keep working, you'll want to do some comprehensive financial and tax planning to determine the optimal approach to your retirement savings. The main thing to keep in mind is that by postponing your retirement you are able to continue saving and investing. (Townhall.com)
Staying on Track During Troubling Times Feb 18, 2009
com to learn more about retirement savings, investing and tax planning. Courtesy of ARAcontent. (Pekin Times, IL)
Analog Devices CEO gets $6.5M pay package in 2008 Feb 18, 2009
Fishman's 2008 perks included some traditional expenses, like $9,785 for tax planning services and $6,976 for estate planning services. But the lion's share of the value of Fishman's 2008 perks was money he won't see for nearly two more years. (Sydney Morning Herald -- Technology)
Tax you hide may be tiny vs profits from post tax invtestment Feb 16, 2009
Now that the annual ritual of tax planning by tax payers is in, ET Intelligence Group brings a rather different approach to the debate between tax planning and tax evasion. Our analysis of various scenarios reveals that those who choose to pay due taxes stand to gain in the long run. (India Times)
Tips to Tax planning Feb 16, 2009
Tax planning: A Cut Above The Rest- Investor's Guide-Features-The Economic Times ... Tax planning: A Cut Above The Rest16 Feb 2009, 0628 hrs IST, Karan Sehgal, ET Bureau ... ET Intelligence Group attempted to find out the optimum way of tax planning. (India Times)
Green & Seifter Attorneys PLLC Adds Alternative Dispute Resolution Practice Feb 15, 2009
The firm provides counsel on such issues as mergers and acquisitions, business transactions, alternative dispute resolution, economic development, government relations, litigation, commercial bankruptcy, trusts and estates, employee benefits, commercial real estate, employment, energy, environmental and land use law, and tax planning and advocacy. For more information, please visit. (Yahoo News -- Press Releases)
Mutual Funds &Personal Finance Feb 14, 2009
"The new bill ends uncertainty and makes tax planning much easier for millions of families.". With the patch, fewer than 5 million taxpayers will get hit by the AMT, a reduction of 20 million people, Stamper says. (Investors Business Daily)
Bassett Announces Fourth Quarter and Fiscal 2008 Results Feb 12, 2009
While the Company's long-term financial outlook remains positive and the Company has certain tax planning strategies that could produce taxable income and may help it to realize its deferred tax assets, the Company concluded that its ability to rely on its long-term outlook and forecasts as to future taxable income was limited due to uncertainty created by the weight of the negative evidence, including the cumulative losses and a market capitalization well below its book value. During the fourth... (Primezone Releases)
Stocks to Avoid Now? Feb 10, 2009
Insiders sell for many reasons, ranging from compensation to estate or tax planning to just plain getting out, but the reasons are rarely (if ever) given. Having said that, these are open market sales, made by executives who have 100% control over the timing of their trades. (MSNBC -- Business)
Tax avoidance can change your life by Simon Sweetman Feb 10, 2009
Non Resident and Offshore Tax Planning shows you how to use non-resident status to reduce your tax bill to virtually zero ... We complain that dealing with our tax obligations takes time and distracts us from running our businesses efficiently : but it doesn't take half as much time as complex tax planning ... Great for tax planning. (Accounting Web, UK)
Tax planning for self employed Feb 10, 2009
You are your own boss. Self-employment can be an interesting proposition as you get to play your own boss. (India Times)
Roesches finding themselves in hog barns more often lately (11) Feb 10, 2009
In December he was working on year-end tax planning and making financial decisions in that regard. With that completed, he has a few weeks break in the action before they start putting the income tax figures together. (Minnesota Farm Guide, MN)
Movers & Shakers Feb 9, 2009
Elka Oezdemir, who is working toward her certification as a public accountant, specializes in both individual and business tax planning and preparation. Ms. Oezdemir has a bachelor's degree in accounting from George Mason University. (Insight on the News)
Creating a Tax Strategy for 2009 Feb 8, 2009
Mosca: We know the goal of tax planning is to arrange financial affairs so as to minimize taxes. The good news for income property owners is that tax planning for rental property opens up many opportunities for sizable tax deductions. (RealtyTimes)
Taxand making its mark as a leading tax consultant Feb 8, 2009
Some of the services provided by Taxand Malaysia are corporate tax advice, international tax, and individual tax planning. The firm also give advice on indirect tax, and tax compliance, and knowledge management, which includes tax-training workshops and seminars, newsletters for clients on the latest taxation develoment. (The Star Online, Malaysia -- Business)
Celebrate the women of rural America at the 5th Annual women in Denim conference Jan. 23-24 Feb 8, 2009
Saturday - Rolls, juice and coffee; the choice of attending five workshops dealing with a variety of topics from fun to serious including marketing issues, the futures market, estate and tax planning, wealth management, farm management, dealing with farm leases, what to and not to wear, dealing with people, dealing with stress, weight management, gardening ideas, how ultraviolet light can cause skin damage, going green, healthy meal preparation, how to use Quickbooks Pro 2008 to benefit... (Storm Lake Pilot Tribune, IA)
In the Middle East, an equity oasis Feb 8, 2009
"We have spoken with a number of prominent European family offices who were clearly impressed by the returns that are being generated," Lodhi said, using a term to describe a commercial enterprise established to manage the investments and tax planning for a wealthy family. Abraaj Capital has been managing private equity since 2004 and has already sold out of 16 of its investments, a large amount considering the typical horizon of several years for such investments, and the most in the Gulf... (International Herald Tribune -- Money Report)
Large and small firms explore IT outsourcing options Apr 1, 2008
The firm's portfolio embraces corporate finance, tax planning, financial services and business consulting, but one of the biggest challenges it faced was managing its own IT systems. "We had to get the IT spot on," says Aston. (Accounting Web, UK)
Rebate Check: Enjoy Some Now, Then Save It Mar 28, 2008
"If your tax refund is very large, you may need to adjust withholdings. Overpaying taxes is basically a loan to the U.S. government and it is money you could better put to work for yourself. Certified Public Accountant Karen Scott, of Omaha, said she would question how well you're managing your money if you get a big refund check."Next year, if instead of receiving a return of $2,400, you deposit $200 a month into an account earning 5 percent interest and leave this money, never making any... (KSBW 8, CA)
Last minute tax planning: Have you banked your spouse? By Nichola Ross Martin Mar 28, 2008
Last minute tax planning: Have you banked your spouse ... Last minute tax planning: Have you banked your spouse ... Nichola Ross Martin counts down the days to the end of the tax year by exploring some last minute tax planning tips. (Accounting Web, UK)
Bernard A. Krooks From the Special Needs Alliance to Talk Tax Strategies for Individuals With Disabilities Tomorrow on Good Morning America NOW Mar 25, 2008
He will discuss tax planning tips for individuals with special needs and their families, and will be joined on the set by a Connecticut family with three children with autism. ADVERTISEMENT. (Yahoo! Wire -- Entertainment News)
