The document provides an overview of federal tax updates for 2014, including key numbers and thresholds that increased for the year. It also discusses expiring tax provisions known as "tax extenders" that Congress typically extends in short-term increments. Additionally, it outlines serious challenges facing the IRS in 2014, such as reduced funding leading to decreased taxpayer services and collection efforts. New IRS leadership and several final regulations on tangible property, net investment income, and bonus payments are also summarized.
2018 Pennsylvania Tax Update: The State Budget, Legislation, and Multistate T...McKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Senior Tax Manager and SALT Leader, Michael Eby, and Tax Supervisor, Lindsey Waltemyer.
It provides an overview of the enacted 2017-2018 Pennsylvania State Budget; a brief update on recently passed Pennsylvania tax legislation and court decisions of interest; and discusses how states, including Pennsylvania, are addressing these changes at the Federal level in their own respective tax structure.
The Tax Cuts and Jobs Act has now passed, which enacts the biggest tax reform law in thirty years. Citrin Cooperman's Federal Tax Policy Team recently hosted a webinar discussing what you need to know to begin planning and steps you can be taking to be prepared. The conversation focused on the following key areas:
Business
Corporate
Pass-Through Entities
International
Individuals
State and Local Implications
Insero & Co. CPAs presents an overview of New York State and U.S. Tax reform, the economy and current trends, and what they mean for you. Whether you represent a large corporation or a small business, this update will help you get up to speed on current rules and regulations and plan for changes that may be on the horizon.
2018 Pennsylvania Tax Update: The State Budget, Legislation, and Multistate T...McKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Senior Tax Manager and SALT Leader, Michael Eby, and Tax Supervisor, Lindsey Waltemyer.
It provides an overview of the enacted 2017-2018 Pennsylvania State Budget; a brief update on recently passed Pennsylvania tax legislation and court decisions of interest; and discusses how states, including Pennsylvania, are addressing these changes at the Federal level in their own respective tax structure.
The Tax Cuts and Jobs Act has now passed, which enacts the biggest tax reform law in thirty years. Citrin Cooperman's Federal Tax Policy Team recently hosted a webinar discussing what you need to know to begin planning and steps you can be taking to be prepared. The conversation focused on the following key areas:
Business
Corporate
Pass-Through Entities
International
Individuals
State and Local Implications
Insero & Co. CPAs presents an overview of New York State and U.S. Tax reform, the economy and current trends, and what they mean for you. Whether you represent a large corporation or a small business, this update will help you get up to speed on current rules and regulations and plan for changes that may be on the horizon.
High Net Worth Webinar Series - Tax Planning and Update for 2022Citrin Cooperman
As 2021 comes to an end, business owners and individuals are seeking opportunities to maximize their savings through year-end tax planning. This webinar session will help you navigate the many complexities, obstacles, and impending tax landscape changes that the 2021 tax year brings to the table and what 2022 has in store.
International tax reporting requirements relevant to U.S. persons engaged in cross-border transactions. Foreign information returns discussed include Forms 926, 5471, 5472, 8858, and 8865. The discussion focuses upon proper execution of the Forms and potential penalties for noncompliance.
View the video recording here: https://youtu.be/UyNXjUoFxYA
Learn more about Citrin Cooperman's International Tax Services here: http://bit.ly/2veYkrO
The New Rage in SALT: State Pass-Through Entity TaxCitrin Cooperman
During this webinar, Partner Eugene Ruvere and Principal Jaime Reichardt take deeper dive into the new elective tax regime in New York, in addition to neighboring states like Connecticut, New Jersey, and Rhode Island, among others.
High Net Worth Webinar Series: SALT Thoughts - Pass-Through Entity Taxes & Re...Citrin Cooperman
During this webinar, we discussed how to potentially mitigate the impact of the state and local tax (SALT) cap at the federal level. New York State has joined the list of states that have enacted an elective pass-through entity tax in an effort to do just that. We also dove into the possibility of changing residency to a low-tax or no-tax state. With state tax rates on the rise in some places and the realization that remote work is doable, many individuals are contemplating making a move. To succeed in making a change like this, one must be aware of the technical rules and be willing to significantly adjust one’s life. We talked through all these considerations.
You’ve Received COVID-19 Related Federal Assistance – Now What?Citrin Cooperman
In this webinar, we discussed the complex web of audit and reporting considerations that organizations who received COVID-19 related federal assistance must consider as they approach year-end planning and look forward to 2021.
Whether you represent a large corporation, a small business, or a not-for-profit organization, it can be difficult to stay up to date on current accounting topics. Join Timothy McLaughlin, Vincent Leo, and Michael Giess for an overview of changes that may affect your organization and how to apply the most recent standards and guidance.
High Net Worth Webinar Series - Tax Planning and Update for 2022Citrin Cooperman
As 2021 comes to an end, business owners and individuals are seeking opportunities to maximize their savings through year-end tax planning. This webinar session will help you navigate the many complexities, obstacles, and impending tax landscape changes that the 2021 tax year brings to the table and what 2022 has in store.
International tax reporting requirements relevant to U.S. persons engaged in cross-border transactions. Foreign information returns discussed include Forms 926, 5471, 5472, 8858, and 8865. The discussion focuses upon proper execution of the Forms and potential penalties for noncompliance.
View the video recording here: https://youtu.be/UyNXjUoFxYA
Learn more about Citrin Cooperman's International Tax Services here: http://bit.ly/2veYkrO
The New Rage in SALT: State Pass-Through Entity TaxCitrin Cooperman
During this webinar, Partner Eugene Ruvere and Principal Jaime Reichardt take deeper dive into the new elective tax regime in New York, in addition to neighboring states like Connecticut, New Jersey, and Rhode Island, among others.
High Net Worth Webinar Series: SALT Thoughts - Pass-Through Entity Taxes & Re...Citrin Cooperman
During this webinar, we discussed how to potentially mitigate the impact of the state and local tax (SALT) cap at the federal level. New York State has joined the list of states that have enacted an elective pass-through entity tax in an effort to do just that. We also dove into the possibility of changing residency to a low-tax or no-tax state. With state tax rates on the rise in some places and the realization that remote work is doable, many individuals are contemplating making a move. To succeed in making a change like this, one must be aware of the technical rules and be willing to significantly adjust one’s life. We talked through all these considerations.
You’ve Received COVID-19 Related Federal Assistance – Now What?Citrin Cooperman
In this webinar, we discussed the complex web of audit and reporting considerations that organizations who received COVID-19 related federal assistance must consider as they approach year-end planning and look forward to 2021.
Whether you represent a large corporation, a small business, or a not-for-profit organization, it can be difficult to stay up to date on current accounting topics. Join Timothy McLaughlin, Vincent Leo, and Michael Giess for an overview of changes that may affect your organization and how to apply the most recent standards and guidance.
California Incentives and Multi-State Tax Issues webinar slidesRoger Royse
An online discussion of various state tax issues for companies and individuals doing business in California. Our panelists cover recent developments in California income and sales tax, tax credits and incentives, multi-state tax issues for technology companies and state residency planning for individuals. Our panel of speakers includes:
Roger Royse, Royse Law Firm
Monika Miles, Miles Consulting Group
David Wittrock, Price, Wittrock CPA LLP
David Spence, Royse Law Firm
Intuit Presents Tax Law Changes for Tax Year 2012intuitaccts
Get the very latest on important tax law changes that will impact returns for Tax Year 2012 from Intuit's Mike D'Avolio. These changes seem to come later and later each year. Let’s us do the legwork and keep you up to speed on current status of tax law changes and extensions.
This presentation will address various challenges in the application of tax provisions under ASC 740, Accounting for Income Taxes. The discussion will focus on complexities related to the calculation and reporting of valuation allowances, deferred taxes, interim taxes, intraperiod tax allocation, uncertain tax positions, and financial statement presentation.
For more information visit www.heincpa.com.
Learn what you can do in the last few weeks of the year to save on your taxes. Topics discussed will include:
Business Tax Changes
Repair Regulations For Business Owners
Personal Tax Changes
Affordable Care Act Tax Provisions
Tax Return Refund Fraud
State and Local Tax Updates
Key Takeaways:
- Payroll Taxes
- Transfer Pricing
- Global Intangible Low Taxed Income
- Controlled Foreign Corporation
- Base Erosion and Anti-Abuse Tax
- Covid Impact and Measures
Fund Regulation - Global Perspectives' Key Updates for 2015 GECKO Governance
This Fund Regulation 2015 update covers key updates from the main pieces of regulation impacting the investment fund industry this year.
Key regulatory updates include:
• AIFMD: update on Annex IV Reporting, Authorisation, Key dates in 2015
• FATCA: latest news from the IRS and key dates ahead, as well as CRS update
• UCITS V: progress on with implementation (remuneration & depositary) and key points to consider
• EMIR: latest requirements for reporting and implementation
• Solvency 2: impact on asset managers in the year ahead
• MiFID 2: update on MiFID reporting (MiFIR), fee disclosure and the impact on research
• How Global Perspectives can assist with your operational regulatory requirements
Contact us for more information:-
Shane@globalperspective.co.uk
Congress Extends Expiring Tax Provisions Through 2014CBIZ, Inc.
On the evening of December 16, the Senate passed the Tax Increase Prevention Act of 2014
("Extenders Act"), retroactively reinstating many tax breaks that expired at the end of 2013, but
only extending those provisions through 2014.
Tax Cuts and Jobs Act: Individual Tax Planning InsightRea & Associates
The new Tax Cuts and Jobs Act managed to pack in a lot of changes for individual filers, many of which have left more than a few of us scratching our heads. This webinar will dive into the provisions that will have the most impact on individual tax strategy, including changes associates with trusts and estates. Cindy Kula, CPA, PFS, CFP, and Inez Bowie, CPA, CSEP, have already spent countless hours combing through the legislation and additional guidance so you don’t have to. Join us for this session to find out what they found.
BIZGrowth Strategies — Cybersecurity Special Edition 2023CBIZ, Inc.
As cybercriminals continue to advance and evolve, a stagnant cyber risk management approach is simply not an option. Further, the prevalence of cyber breaches means cybersecurity is not solely an IT concern. It takes a robust set of processes and people from across your organization, working together toward a common goal. We offer fresh insights to help protect your organization from cyberthreats in multiple operational areas. Articles include:
- How Cybercriminals Are Weaponizing Artificial Intelligence
- Employee Benefits Cyber Risk Exposure Scorecard
- Closing the Security Gap: Managing Vendor Cyber Risk
- Retirement Plan Sponsor Cybersecurity Checklist
- Protect Your Digital Frontline With Employee Training
BIZGrowth Strategies - Back to Basics Special EditionCBIZ, Inc.
Amid the increasing complexity of today’s business landscape, it can be of great benefit to shut out the noise and simply get back to the basics. Summer offers the rare opportunity for organizations to slow down and sweat the small stuff.
In this issue, our experts address seven key topics intended to help leaders guide their teams to stability and refocus on the foundational elements of success, including:
- Talent Management 101: How to Attract & Retain Great Employees
- Exploring the What, Why & How Behind the Employee Experience
- The Shifting Normal: 3 Ways Leaders Can Embrace Change & Conquer Challenge
- What is Financial Wellbeing & Why Should Employers Care?
- D&O Insurance Application Basics to Protect Your Leaders
- Your Life Insurance Policy May Be One of Your Biggest Assets
- Understanding Labor Law Poster Compliance
Welcome to our newly branded newsletter, "The Advantage." The articles in this issue provide insights to help you:
■ Have conversations around tough decisions during periods of economic uncertainty
■ Evaluate fast-growing artificial intelligence tools like ChatGPT
■ Recognize colleagues who are key allies in supporting women in the workplace
■ Navigate career shifts along the path to successful leadership
■ Manage workplace culture in a hybrid model
■ Garner inspiration from the 2023 Women Transforming Business finalists and winners
BIZGrowth Strategies - Workforce & Talent Optimization Special EditionCBIZ, Inc.
Amid today’s economic uncertainty, we know you need strategies and solutions that will help your business thrive. With workforce and talent concerns running high for employers across the nation, our experts developed these articles with those critical issues top of mind. We offer fresh insights designed to attract, retain, engage and motivate your employees — all while protecting your bottom line and managing emerging risks. Articles include:
- Unlock Success with Effective Performance Management
- How Employers Can Benefit from Financial Wellbeing Programs
- How to Talk About Hard Decisions During a Recession
- Cost-Effective Health Plan Perks to Consider in 2023
- 3 HR Strategies to Recession-Proof Your Organization
- Responding to Employment Practices Liability (EPL) Claims
- Versatility — Important in Life & Life Insurance
BIZGrowth Newsletter - Economic Slowdown Solutions Special EditionCBIZ, Inc.
The "Economic Slowdown Solutions Special Edition" newsletter includes articles that present tips, strategies and ideas to help your organization master economic uncertainty and recessionary concerns. Topics include:
- Considerations for a Reduction in Force
- Tips to Prepare for Risk Management Challenges
- Tactics to Recession-Proof Your Benefits Strategy
- HR Best Practices
- Recruitment Strategies to Keep You Competitive
- 3 Innovations to Stay Nimble
- Disability Insurance for Business Owners
BIZGrowth Strategies - Cybersecurity Special EditionCBIZ, Inc.
Cyberattacks are becoming more frequent and sophisticated, making a recovery from them increasingly difficult. Without preparation, a cyberattack can be devastating to your business, having severe operational, financial, legal and reputational implications.
The prevalence of cyber breaches also means cybersecurity is no longer solely an IT concern. Elevating your information security from functional to effective takes a robust set of elements, processes and people working together toward a common goal.
Our professionals have developed these articles and resources to help you protect your organization from these attacks.
Connections Help Law Practice Efficiently Obtain $5 Million Line of CreditCBIZ, Inc.
A 15-attorney law firm operated on a contingency and hourly fee basis. While it had a strong outlook for contingency cases, the costs incurred to work...
Custom Communication Plan & Active Enrollment Result in Increased ConsumerismCBIZ, Inc.
The firm embarked on a multi-year strategic plan to build a culture of wellbeing and engagement. They wanted
to educate employees to become more engaged and wise health care consumers...
Experienced Consulting Approach Leads Engineering Firm to the Right CFOCBIZ, Inc.
The Chief Financial Officer of a leading multi-disciplined engineering and consulting
firm indicated he was considering retiring. After initially considering a search process as an in-house project, the company’s leadership agreed...
Check out the latest edition for articles on Preventing Social Engineering Attacks, Triumphing in the Talent War, 3 Signs It’s Time for a Compensation Study, Strategies to Protect Your Retirement & Tips for a Successful OSHA Inspection.
Inflation, Interest Rates & the Disruption to CRECBIZ, Inc.
From assessing the various sectors to analyzing the future of your investments, learn more from our experienced team leaders on the wide-spread trends of commercial real estate property and sales.
CBIZ Quarterly Manufacturing and Distribution "Hot Topics" Newsletter (May-Ju...CBIZ, Inc.
CBIZ Quarterly Manufacturing and Distribution "Hot Topics" Newsletter (May-Jun 2022) provides you with news and guidance on the labor crisis, how to retain top talent during the Great Resignation, the business impacts of the Russia-Ukraine War, and the benefit of long-term bonus plans.
Rethinking Total Compensation to Retain Top TalentCBIZ, Inc.
Even with a developed recruiting program, strong company culture and great work-life balance, it’s difficult for companies to attract and retain the best employees without an all-inclusive compensation strategy. Add in the combination of high inflation, talent shortages and the Great Resignation, and we’re left with a hyper-competitive labor market. As a result, employers must think outside of the box to retain top performers and explore new ways to increase the value of total compensation offered. Learn how in this article.
Common Labor Shortage Risks & Tips to Mitigate Your ExposuresCBIZ, Inc.
No industry is safe from the risks of the current labor market. Employee shortages can influence multiple liabilities, but a proactive strategy can help protect your organization. In this article, learn measures to minimize labor shortage liability risks across all industries, as well as influential industry risks for construction, manufacturing and trucking.
How the Great Resignation Affects the Tax FunctionCBIZ, Inc.
Talent shortages remain a challenge universally, but it may be hitting financial roles within businesses particularly hard. The
pressures to meet tax reform obligations coupled with the
job changeover opportunities that emerged during the Great Resignation have left many tax departments feeling under-resourced. If your company is experiencing a similar situation, here are steps you can take to support your tax function.
While employee turnover is inevitable, there are several strategies companies can implement to help combat the Great Resignation, and at the center of all these strategies is technology that can benefit employers and their staff. In this article, learn how your organization can use technology to enhance the recruiting and onboarding processes, which will help attract top talent, while setting new hires up for success.
Experienced Consulting Approach Leads Engineering Firm to the Right CFOCBIZ, Inc.
The Chief Financial Officer of a leading multi-disciplined engineering and consulting firm indicated he was considering retiring. After initially considering a search process as an in-house project, the company’s leadership agreed to secure the assistance of an executive search professional.
BIZGrowth Strategies - The Great Resignation Special EditionCBIZ, Inc.
The Great Resignation continues to plague organizations across the country. It has exacerbated a host of employer challenges, including attraction, retention and engagement of top talent, as well as mitigating new risks. Our experts have developed these articles and linked resources to help your organization combat the mass employee exodus.
Kansas businesses have an opportunity for state tax incentives of which you may want to be aware.
Recent changes to the Kansas High Performance Incentive Program (HPIP) make it more broadly available
than it was in the past.
CBIZ Quarterly Commercial Real Estate "Hot Topics" Newsletter (Jan-Feb 2022)CBIZ, Inc.
The January 2022 issue of CBIZ’s Commercial Real Estate Quarterly Hot Topics Newsletter is now available! Learn about the impact of changes lease accounting, post-pandemic calculation companies are using to reassess office space needs, tax planning knowns and unknowns and the impact of rising construction costs on insurance costs. Plus – access strategies to combat the great resignation and safeguard against the unexpected.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
2. Circular 230 Notice
Any tax advice contained in this program is not
intended to be used and cannot be used for the
purposes of avoiding any penalties that may be
imposed by the Internal Revenue Code.
2
2
3. Here’s what we’ll cover:
• What To Look For In 2014
– 2014 By The Numbers
– “Tax Extenders”
– Serious Problems Facing the IRS in 2014 (Taxpayer
Advocate Report)
3
3
4. Here’s what we’ll cover:
• Regulatory & Administrative
Pronouncements
– New IRS Commissioner
– Final Tangible Property Regulations
– Final Net Investment Income Tax Regulations
– Guidance on Bonus Payments (FAA 20134301F)
– “Use-or-Lose” FSA Rules and Additional Rulings
– International Enforcement -- John Doe Summons
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5. Here’s what we’ll cover:
• Cases
– Glass Blocks v. Commissioner – S Corporation
distributions
• Legislative Updates
– Tax Reform
• Status
• Hurdles
• Baucus Proposals ( Cost Recovery, Tax Accounting,
International)
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7. 2014 By The Numbers
• The top marginal income tax rate in 2014 (39.6 percent) will apply
to the taxable income of individuals & married couples filing jointly
when their income exceeds $406,750 and $457,600, respectively (up
from $400,00 and $450,000 in 2013).
• In 2014, the Standard Deduction increases to $6,200 (from $6,100).
The personal exemption increases by $50 to $3,950.
• For married couples, the phase-out of the personal exemption
deduction starts with adjusted gross income of $350,050; the
deduction is eliminated once AGI reaches $427,550.
• The FICA wage base increases to $117,000; an increase of $3,300.
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8. 2014 By The Numbers
• The annual dollar limit on contributions to health care flexible
spending accounts remains $2,500.
• The §401(k) contribution limit remains $17,500. The $5,500
“catch-up” contribution allowance for participants older then 50 also
remains unchanged.
• The lifetime estate tax exclusion is increased to $5.34 million (up
from $5.25 million).
• Fees for installment agreement and OIC will increase in 2014:
− Installment Agreement increases to $120 (and $50 for reinstatement )
− OIC increases to $186
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9. “Tax Extenders” - Expiring Tax Provisions
• “Tax extenders” refer to legislation to extend the package
of expiring tax provisions that typically get temporarily
extended by Congress. The extensions tend to be for
short periods of time (e.g., one – two years).
• Many feel that the extension of many of these provisions
is being “tied” up by Congress as they await a more
comprehensive tax reform.
• Most of the expiring provisions were extended by the
American Taxpayer Relief Act of 2012.
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10. “Tax Extenders” - Expiring Individual Provisions
• Individual tax provisions set to expire include:
– Deduction for state and local sales taxes;
– Above-the-line deductions for certain expenses of teachers;
– Above-the-line deductions for qualified tuition and related
expenses;
– Deduction for mortgage insurance premiums deductible as
qualified interest;
– Parity for exclusion for employer-provided mass transit and
parking benefits;
– Exclusion of discharge of principal residence indebtedness from
gross income;
– Credit for health insurance costs.
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11. “Tax Extenders” - Expiring Business Provisions
• Business tax provisions set to expire include:
– Research and experimentation credit;
– Work opportunity tax credit;
– Increase in expensing to $500,000/$2,000,000 and expanded
definition of §179 property;
– Bonus depreciation;
– Exceptions under Subpart F for active financing income;
– Look-through treatment of payments between controlled foreign
corporations (“CFC ”);
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12. “Tax Extenders” - Expiring Business Provisions
• Business tax provisions set to expire (cont’d):
– Special treatment of certain dividends on Regulated Investment
Companies (“REIT”);
– Employer wage credit for activated military reservists;
– Special rules for qualified small business stock;
– Reduction in S corporation recognition period for built-in gains tax;
– Election to accelerate alternative minimum tax (“AMT”) credits in
lieu of additional first-year depreciation;
– 15-year straight line cost recovery for qualified leasehold,
restaurant, and retail improvements
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13. “Tax Extenders” – Tax Costs To Extend
• Projected Tax Costs for extending all of the tax provisions
scheduled to expire between 2013 – 2023 is $938.3
billion.
• Cost for extending all temporary investment incentives
(i.e., partial expensing for investment property and §179
allowances) is $346.1 billion.
• Cost of expending child tax credit, earned income tax
credit and American Opportunity Tax Credit (scheduled to
expire in 2017) is $140.4 billion.
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14. Serious Problems Facing the IRS in 2014 –
Taxpayer Advocate’s Report to Congress
• Sequestration has caused IRS funding to be substantially cut,
translating into a reduction in taxpayer services, including:
– 39%of taxpayer calls going unanswered at the IRS;
– A six-fold increase in hold times before speaking to an IRS
representative;
– A $150m reduction in the training budget (which has lead to an
increase in identity theft, decrease in customer service and
inappropriate adjustments at audit).
– More than 50% of taxpayer correspondence (proposing adjustments
to taxpayer liabilities) going unanswered for more than 45 days
(falling into the “over age” category by IRS standards) leading to an
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unnecessary increase in penalties and interest.
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15. Serious Problems Facing the IRS in 2014 –
New Budget
• House lawmakers on January 15 quickly passed a $1.012-trillion
spending bill for fiscal year (FY) 2014 by a vote of 359 to 67.
– 193 Democrats and 166 Republicans voted for passage
• The Consolidated Appropriations Bill of 2014 (HR 3547) sets
spending levels for all federal agencies, including the IRS, which
will see its budget cut to $11.3 billion, or roughly $526 million
below the FY 2013 level.
• The bipartisan spending bill would also prohibit the IRS from
targeting political groups or overspending on employee training
and bonuses.
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17. New IRS Commissioner
• John Koskinen appointed Commissioner after serving as Deputy
Director of the OMB – considered “turnaround” specialist
• Immediate challenges facing the new Commissioner include:
• 2014 filing season – due to delays from the 2013 government
shutdown, the filing season will be delayed by 10 days.
• 2014 tax collection – due to a congressional budget cuts, the
number of available revenue agents has been decreased.
• Restoration of public confidence – after 2013 “targeting
scandals”.
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18. Tangible Property Regulations
• Final regulations
– Govern the deduction and capitalization of costs
incurred to acquire, maintain or improve tangible
property (personal and real property, not intangible
property)
– Generally effective for tax years beginning on or after
January 1, 2014
– Optional early adoption for 2012 and/or 2013 tax years
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19. Why is this important?
• Example actions required of most taxpayers:
– Review and validate current capitalization policies
• Critical for de minimis safe harbor
– Consider tax accounting method changes for 2013 or 2014 along with
impact on taxable income
– Evaluate opportunities to amend 2012 tax returns
– Consider financial statement implications
• Some book conformity required
• Effect on deferred taxes
– Review and modify fixed asset accounting systems as needed
– Evaluate materials and supplies accounting
– Review prior year treatment of expenditures on repairs &
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maintenance and dispositions
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20. Tax Accounting Considerations
• For tax accounting purposes, the following items are impacted:
– Materials and supplies,
– Acquisitions of tangible assets,
– Improvements to tangible assets,
– Repairs and maintenance expenditures, and
– Dispositions/retirements of tangible assets.
• Many of these tax accounting changes will have an impact on the way
taxpayers report these items on their books – Specific areas requiring
book consistency:
– De minimis safe harbor
– Materials & supplies under the de minimis safe harbor
– Election to capitalize repairs & maintenance
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21. De minimis safe harbor
• De minimis safe harbor -- an annual election that permits
a taxpayer to currently deduct otherwise capital
expenditures (including materials & supplies) if the
taxpayer:
– (1) has an “accounting policy” (at the beginning of the
tax year) that requires expensing of items that cost no
more than a specified dollar amount for book purposes,
and
– (2) consistently applies that policy for book purposes.
• Critical that book and tax treatment of small dollar items be
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understood
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22. De minimis safe harbor
• Both requirements must be satisfied to deduct amounts
otherwise required to be capitalized
• Ceiling for safe harbor depends on whether the taxpayer
has an Applicable Financial Statement (“AFS”)
– AFS is an Audited statement, or
– AFS is also a financial statement required to be
provided to the Federal or State government or their
agencies (consider bonding agencies for contractors)
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23. De minimis safe harbor
• The de minimis safe harbor uses an invoice test:
• Taxpayers with an AFS: A taxpayer may rely on the de
minimis safe harbor only if the amount paid for property
does not exceed $5,000 per invoice or per item as
substantiated by the invoice;
– Note accounting policy must be written
• Taxpayers without an AFS: A taxpayer may rely on the
de minimis safe harbor only if the amount paid for
property does not exceed $500 per invoice or per item
as substantiated by the invoice;
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– Note accounting policy just needs to “exist”
24. De minimis safe harbor
• If book policy is less than the $5,000/$500 ceiling then the
lower amount is the amount allowed for tax
• Since the de minimis rule requires the policy to be in
existence at the beginning of the tax year, to utilize this
rule the policy needs to be prepared in 2013 for 2014 tax
years
• Each taxpayer should be reviewing their capitalization
policy NOW!
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25. Other key areas of these new rules
• Tax rules now allow partial disposition of assets, including building
components (i.e. roof, elevators, walls and ceilings…)
– Consider dispositions that occurred in prior years
– IRS allows a reasonable method to extract cost of asset disposed
from original cost of the building or asset
– Cost segregation concepts apply
– Write-offs would generate an ordinary deduction
– What will be the book treatment?
• Materials & supplies – if the de minimis safe harbor is elected, then
materials & supplies must be considered under the de minimis rules
• Election to capitalize repairs & maintenance – must also capitalize
for book purposes under this election
– Will this be allowed under GAAP?
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26. Net Investment Income – Final Regs
• The Net Investment Income (“NII”) tax is part of the PPACA
and went into effect on January 1, 2013.
• The NII is unlikely to apply to approximately 94% of
Americans.
• The NII will be levied on the lesser of the following two:
– A taxpayer’s net investment income, or
– The excess of the taxpayer’s “modified adjusted gross income” over
taxpayer’s “applicable threshold.” The applicable threshold is
dependent on filing status, and is:
• Married filing jointly:
$250,000
• Single/head of household: $200,000
• Married filing separate:
$125,000
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27. Net Investment Income – Final Regs
• The final regs (found in §1.1411-1 to §1.1411-10) provide
guidance on what constitutes “Net Investment Income” to
which the 3.8% tax is applied and they involve issues that
include:
–
–
–
–
–
Portfolio income
Ordinary trade or business
Trade or business for rental real estate
Net gain calculations
Real estate professionals.
• Note that an additional .09% Medicare tax on wages has
also been implemented as part of the same regulations.
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28. Net Investment Income – Changes in the Regs
• Portfolio income. The IRS rejected the suggestion that the
definition of portfolio income (for purposes of NII) adopts the concepts
used under §469. The final NII regulations observe that the interaction
of §1411 with §469 is generally limited to the determination of
whether those items are attributable to a passive activity within the
meaning of §1411(c)(2)(A).
• Ordinary course of trade or business. Similar to the preamble in
the proposed regulations, the final regulations defer to case law and
administrative guidance applicable to §162 in defining a trade or
business.
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29. Net Investment Income – Changes in the Regs
• Trade or business for rental real estate. The IRS acknowledged that
"in certain circumstances" the rental of a single property may require
regular and continuous involvement such that the rental activity is a
trade or business under §162 (and, therefore, is a trade or business
under §1411 by adoption). However, the IRS refused to provide a
bright-line test to determine when a rental activity rises to the level of a
trade or business "due to the large number of factual combinations that
exist."
• Net gain calculation. The final regulations retained the rule that net
gain within Category (iii) (under §1411(c)(1)(a)(iii)) cannot be less
than zero. However, they allow losses under §1211(b) as offsets
while applying a specific ordering rule designed to prevent a double
deduction of the same loss twice.
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30. Net Investment Income – Changes in the Regs
• Real estate professionals. The IRS rejected suggestions that if a real
estate professional materially participates in real estate activities, the
rental income should be excluded from NII. Instead, the final
regulations provide a safe harbor test for a real estate professional
(within the meaning of §469(c)(7)) who participates in rental real
estate activities for more than 500 hours per year. The rental income
associated with that activity will be deemed to be derived in the
ordinary course of a trade or business.
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31. Net Investment Income – Changes in the Regs
• Regrouping. The 2012 NII proposed reliance regulations provided
taxpayers with the opportunity to regroup their activities in the first tax
year beginning after December 31, 2012. The IRS retained the
regrouping provision in the final regulations. The IRS rejected calls for
a "fresh start" for all individuals (and estates and trusts) regardless of
whether they have NII income or modified adjusted gross income
above the applicable thresholds.
• NOTE - The IRS has not yet published final Form 8960, Net
Investment Income Tax, and Instructions for the 2013 tax year. Form
8960 must accompany Form 1040 or 1041.
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32. New IRS Guidance On Bonus Payments (FAA 20134301F)
• IRS Chief Counsel issued advice stating an accrual-basis taxpayer
cannot deduct bonuses until the year paid where the taxpayer retained
the unilateral right to modify or eliminate the bonuses before payment,
thereby failing to satisfy the all-events test.
• In this instance, the taxpayer had more than a dozen bonus plans.
Under the plans, employee bonuses would be calculated using
formulas that use various measurements. Though performance targets
were set by the board of directors early in the fiscal year, the bonuses
were not paid until the committee approved the settlement and
payment of the bonuses after the end of the fiscal year. All of the
bonuses were paid after the end of the year, but within 2 ½ months
following the end of the year.
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33. FSAs, Retirement Plans and Fringe Benefits
• Healthcare Flexible Spending Accounts
– The “use-or-lose” rule has been amended allowing up to $500 to be
carried over annually (See Notice 2013-71).
• §401(k) safe harbor for plan sponsors (TD 9641)
– Employers facing economic difficulties may reduce or suspend
nonelective contributions to §401(k) plans if the employer is
operating at an economic loss.
• Updated Auto fringe rules
– The cents-per-mile valuation rule is $16,000 for a car and $17,300
for a truck or van.
– The per diem rate is $251 in high-cost areas and $170 in low-cost
areas.
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34. International Compliance – John Doe & OVDI
• Judges in the Northern District of California recently authorized the IRS
to issue John Doe summons on Wells Fargo Bank in an effort to gain
information about U.S. taxpayers with offshore accounts at First
Caribbean International Bank.
– While First Caribbean does not maintain a U.S. branch, it does
access the U.S. banking system through a Wells Fargo
correspondence account.
– The information provided in support of the John Doe summonses
were derived through the offshore voluntary disclosure initiative
(“OVDI”).
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35. International Compliance – John Doe & OVDI
• A number of U.S. taxpayers who were accepted into the OVDI
program were subsequently disqualified from participation. The
overwhelming majority of those taxpayers disqualified from the OVDI
maintained bank accounts with Bank Leumi – an Israeli bank.
• The OVDI has seen more than 38,000 participants enrolled, generating
more than $5 billion in back taxes and penalties.
• A number of participants in the OVDI have pled guilty to criminal tax
evasion with the most common sentence totaling three year’s
probation. In some cases, those seeking to evade U.S. tax (or assist
those in evading U.S. tax) by maintaining numbered Swiss bank
accounts have actually received jail time ranging from 45 days to 40
months.
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37. Glass Blocks Unlimited v. Comm’r
T.C. Memo. 2013-180
• Petitioner was an S corporation. Petitioner had one
shareholder who was also the only full-time employee.
• Petitioner’s employee transferred funds to the business in
order offset financial difficulties, including operating expenses.
• Petitioner did not make any salary payments to its
employee/shareholder in either 2007 or 2008. Instead,
Petitioner made “distributions” to its employee/shareholder.
• The IRS issued a notice of deficiency asserting the
distributions Petitioner made to its employee should be
recharacterized as wages subject to withholding.
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38. Glass Blocks Unlimited v. Comm’r (contd.)
T.C. Memo. 2013-180
• Petitioner’s employee was deemed to receive wages subject to
Federal employment tax because:
– He performed substantially all of the work necessary to
operate the business
– His services generated all of the S corporation’s income.
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39. Glass Blocks Unlimited v. Comm’r (contd.)
T.C. Memo. 2013-180
• The funds transferred by Petitioner’s employee were found to
be capital contributions (and not loans), as there was no
objective evidence they should be treated as a loan.
– Applying the 13 Factors Test (See, §142(a); Dixie Dairies
Corp v. Comm’r., 74 T.C. at 493), including whether there
were: formal loan documentation; presence of a fixed
maturity date; some loan repayment, etc.
• Here, there was no loan agreement or promissory note, no
evidence of interest accrual (or other similar obligations)
indicating the contributions were equity.
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41. Tax Reform – Status and Hurdles
• Congressman Dave Camp (R-Mich) – chairman of the House Ways
and Means Committee and Senator Max Baucus (D-Mont) –
chairman of the Senate Finance Committee have endeavored to lead
legislators to a comprehensive reform of the tax code. Both released
drafts of their reform measures.
• Cong. Camp’s initial proposal aimed at closing tax loopholes while
cutting tax rates (a “revenue neutral” process”). A more
comprehensive look at Cong. Camp’s proposals was undertaken in
previous EOW.
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42. Tax Reform – Status and Hurdles
• It is widely believed that significant tax reform is beyond the
reach of the current Congress. Some hurdles standing in the
way include:
– Sen. Baucus retiring and appointed Ambassador to China;
– Whether the tax code should raise revenue or be revenue neutral;
– Whether “extenders” will be tied to other votes (such as passing a
budget or extending our country’s debt ceiling).
• Senator Baucus offered a comprehensive tax reform proposal
focusing on:
– Simplification of tax administration;
– Overhauling the way the government taxes international
business; and
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– Reforming depreciation rules.
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43. Tax Reform – Baucus Plan
• Depreciation - Replace the current rules with a system tied closer to
estimates from the Congressional Budget Office.
– Reduce the number of depreciation rates from 40 to 5, and
eliminate the need for businesses to calculate depreciation
separately for each of their assets, other than real property.
• Amortization Of Intangibles - Require businesses to deduct the
cost of R&D, natural resource extraction, and 50% of advertising
expenses over 5 years.
• Accounting - Repeal LIFO accounting and like-kind exchange rules.
• Reduce Burdens For Small Businesses - Permanently increase
Section 179 expensing to $1m and expand the definition of qualifying
expenses. Allow all companies with gross receipts under $10m to use
cash accounting and expense inventory costs.
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44. Tax Reform – Baucus Plan (contd.)
• International taxation:
– Reduce incentives for US and foreign multinationals to invest in,
or shift profits to, low-tax foreign countries.
– Reduce incentives for US-based businesses to move abroad,
whether by re-incorporating abroad or merging with a foreign
business.
– Increase the ability of US businesses to compete against foreign
businesses in foreign markets.
– End the "lock-out" effect by taxing the foreign income of US
businesses either immediately when earned or not at all.
– Simplify the international tax rules so that firms with the most
sophisticated tax advisors are not advantaged.
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45. For more information contact:
William M. Smith, Esq.
Managing Director
CBIZ MHM National Tax Office
(301) 951-3636 | billsmith@cbiz.com
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