The IRS has issued proposed regulations requiring businesses to use electronic funds transfer (EFT) for all federal tax deposits beginning January 1, 2011. The proposed regulations eliminate the use of paper coupons for tax deposits and require EFT for different types of taxes including estimated income/excise taxes, payroll tax withholding, unemployment tax, and nonpayroll taxes. The final regulations are expected to be published by the end of 2010 and apply starting January 1, 2011 or after publication. The accounting firm offers to assist clients with the transition to required EFT payments.
Hass associates accounting 10 tax traps for 2014khyalethomson
Taxpayers in 2014 don't have to worry about a lot of tax surprises. The American Taxpayer Relief Act of 2012 enacted on Jan. 2, 2013, made many existing tax laws permanent and extended other provisions through 2013. But even in the most stable tax and political environments, there's always something to worry about when it comes to taxes. Here are 10 tax traps you need to watch out for in 2014.
House Passes Permanent Bonus Depreciation ProvisionCBIZ, Inc.
On July 11, the U.S. House of Representatives passed a bill to restore and make permanent the 50 percent bonus depreciation provision. The vote was 258-160, largely along party lines, with only 34 Democrats voting for the bill and two Republicans voting against it.
Asia Counsel Insights gives readers a concise insight into legal and business developments in Vietnam. This edition has news on online registration of foreign loans with the State Bank of Vietnam; safe deposit box services by credit institutions; and capital gains tax on upstream change of control in the petroleum sector.
Brexit Broadcast: What we know so far and where is the momentum headingHiFX
2017 headlines have been dominated by the ongoing Brexit process, and the currency markets have been closely watching the developments. While dealing is now taking place in a calmer and more liquid environment than during the initial shock following the vote, Sterling remains weakened and is sensitive to both positive and negative headlines about the negotiations.
As both sides work to reach a deal on the financial settlement, citizens’ rights and the Irish border before the EU Summit on 14th December, we take a look at what’s happened so far and what could happen next.
Hass associates accounting 10 tax traps for 2014khyalethomson
Taxpayers in 2014 don't have to worry about a lot of tax surprises. The American Taxpayer Relief Act of 2012 enacted on Jan. 2, 2013, made many existing tax laws permanent and extended other provisions through 2013. But even in the most stable tax and political environments, there's always something to worry about when it comes to taxes. Here are 10 tax traps you need to watch out for in 2014.
House Passes Permanent Bonus Depreciation ProvisionCBIZ, Inc.
On July 11, the U.S. House of Representatives passed a bill to restore and make permanent the 50 percent bonus depreciation provision. The vote was 258-160, largely along party lines, with only 34 Democrats voting for the bill and two Republicans voting against it.
Asia Counsel Insights gives readers a concise insight into legal and business developments in Vietnam. This edition has news on online registration of foreign loans with the State Bank of Vietnam; safe deposit box services by credit institutions; and capital gains tax on upstream change of control in the petroleum sector.
Brexit Broadcast: What we know so far and where is the momentum headingHiFX
2017 headlines have been dominated by the ongoing Brexit process, and the currency markets have been closely watching the developments. While dealing is now taking place in a calmer and more liquid environment than during the initial shock following the vote, Sterling remains weakened and is sensitive to both positive and negative headlines about the negotiations.
As both sides work to reach a deal on the financial settlement, citizens’ rights and the Irish border before the EU Summit on 14th December, we take a look at what’s happened so far and what could happen next.
It probably hasn’t been a great year for Jeremy Clarkson. But can the same be said for petrol heads as a whole? Whilst consumers in general have been benefiting from falling food, clothing and energy prices, what has been happening to fuel, car, and auto part costs? With the hotly anticipated new series of Top Gear set to get underway, I thought it would be worth taking a peak under the bonnet.
Learn about key changes to nonprofit operating in the state of New York including a mandatory conflict of interest policy, whistleblower policy and require audit committee functions - O'Connor Davies CPAs - NY CPA Firm.
FATCA Puts Pressure On Foreign Financial Institutions & TaxpayersJeffrey S. Freeman
FATCA, the Foreign Account Tax Compliance Act was passed in 2010, and has since gone into effect as of 2014. The law requires all foreign financial institutions to report information to the United States government regarding U.S. account holders. Those institutions that fail to do so face penalties of up to a 30% sanction on funds transfers from the United States. With such steep penalties on the table, many foreign financial institutions have already signed up to comply with the law. In fact, over 100 countries have signed an Intergovernmental Agreement (IGA) to comply with FATCA requirements.
The principle of proportionality is an unwritten concept of European law. In simple terms and in a VAT context, the principle is intended to ensure that, when dealing with taxpayers, Member State's actions go no further than what is necessary to achieve the objective being pursued.
The objective of the Default Surcharge regime in the UK is to ensure that taxpayers not only submit their VAT returns on time but also pay any VAT due on time.
The First-tier Tribunal found that the surcharge in this case was disproportionate. However, the Upper Tribunal has allowed HMRC's appeal. In the circumstances, the First-tier's decision was wrong in law.
Doing business in India is easy...or is it?Prashant Gupta
15 Acts applicable to a startup in India. Compliance requirements that are archaic at best, and ridiculous at worst. Repealing some of these Acts would be a good starting point, or at least making them "not applicable" to certain enterprises. WHY IS PHYSICAL DISPLAY AND MAINTAINING REGISTER MANDATORY FOR SUCH RATHER USELESS THINGS?
We, the Foundation for Economic Freedom, support moves in the House and the Senate to lower personal individual tax rates, to adjust tax brackets, and to slowly align corporate tax rates with the rest of ASEAN.
Inflation has pushed up the majority of fixed income earners to the highest tax brackets. The country has the highest individual tax and corporate tax rates in the region, thus, in the interest of fairness, equity, and competitiveness, new tax rates need to be legislated.
FEF also supports moves for government to look into compensatory revenue-raising measures that are progressive and simple to administer.
An estimated seventy eight percent of all small business owners are self-employed. The business taxes are tied to the personal tax returns for most of the small businesses that are not corporations. That means, most of the small business owners pay their personal income taxes on their share of business profits.
Skp global expansion updates-February 2016Partha Pant
This is an update that covers employment, payroll, GST/VAT,
and corporate tax related developments globally. It is especially relevant for organisations with overseas operations
In Issue 11 of The OHL Wire, we look at what will change on 1 July 2015 and how does divorce affect your tax and super fund. We also look at everything you need to know about taxation and deceased estates in Australia. We discuss the rules and requirements for buying property through a self-managed super fund (SMSF) in NSW. We check out upcoming events in Sydney and provide you a few ideas on how to spend your tax refund as the tax year is coming to an end.
It probably hasn’t been a great year for Jeremy Clarkson. But can the same be said for petrol heads as a whole? Whilst consumers in general have been benefiting from falling food, clothing and energy prices, what has been happening to fuel, car, and auto part costs? With the hotly anticipated new series of Top Gear set to get underway, I thought it would be worth taking a peak under the bonnet.
Learn about key changes to nonprofit operating in the state of New York including a mandatory conflict of interest policy, whistleblower policy and require audit committee functions - O'Connor Davies CPAs - NY CPA Firm.
FATCA Puts Pressure On Foreign Financial Institutions & TaxpayersJeffrey S. Freeman
FATCA, the Foreign Account Tax Compliance Act was passed in 2010, and has since gone into effect as of 2014. The law requires all foreign financial institutions to report information to the United States government regarding U.S. account holders. Those institutions that fail to do so face penalties of up to a 30% sanction on funds transfers from the United States. With such steep penalties on the table, many foreign financial institutions have already signed up to comply with the law. In fact, over 100 countries have signed an Intergovernmental Agreement (IGA) to comply with FATCA requirements.
The principle of proportionality is an unwritten concept of European law. In simple terms and in a VAT context, the principle is intended to ensure that, when dealing with taxpayers, Member State's actions go no further than what is necessary to achieve the objective being pursued.
The objective of the Default Surcharge regime in the UK is to ensure that taxpayers not only submit their VAT returns on time but also pay any VAT due on time.
The First-tier Tribunal found that the surcharge in this case was disproportionate. However, the Upper Tribunal has allowed HMRC's appeal. In the circumstances, the First-tier's decision was wrong in law.
Doing business in India is easy...or is it?Prashant Gupta
15 Acts applicable to a startup in India. Compliance requirements that are archaic at best, and ridiculous at worst. Repealing some of these Acts would be a good starting point, or at least making them "not applicable" to certain enterprises. WHY IS PHYSICAL DISPLAY AND MAINTAINING REGISTER MANDATORY FOR SUCH RATHER USELESS THINGS?
We, the Foundation for Economic Freedom, support moves in the House and the Senate to lower personal individual tax rates, to adjust tax brackets, and to slowly align corporate tax rates with the rest of ASEAN.
Inflation has pushed up the majority of fixed income earners to the highest tax brackets. The country has the highest individual tax and corporate tax rates in the region, thus, in the interest of fairness, equity, and competitiveness, new tax rates need to be legislated.
FEF also supports moves for government to look into compensatory revenue-raising measures that are progressive and simple to administer.
An estimated seventy eight percent of all small business owners are self-employed. The business taxes are tied to the personal tax returns for most of the small businesses that are not corporations. That means, most of the small business owners pay their personal income taxes on their share of business profits.
Skp global expansion updates-February 2016Partha Pant
This is an update that covers employment, payroll, GST/VAT,
and corporate tax related developments globally. It is especially relevant for organisations with overseas operations
In Issue 11 of The OHL Wire, we look at what will change on 1 July 2015 and how does divorce affect your tax and super fund. We also look at everything you need to know about taxation and deceased estates in Australia. We discuss the rules and requirements for buying property through a self-managed super fund (SMSF) in NSW. We check out upcoming events in Sydney and provide you a few ideas on how to spend your tax refund as the tax year is coming to an end.
Introduction to tax accounting accounts next genArpit Umrewal
The principles often used to determine tax financial assets in such a company or person account reports are tax accounting. Instead of using one of the accounting systems, including GAAP or IFRS, tax accounting is based mostly on Internal Revenue Code (IRC). Tax accounting results in a taxable income estimate which differs from the revenue estimate stated on the income statements of an entity. The distinction is since tax laws can speed up or slow down the acknowledgement of such expenditures, which would usually be recognized in an accounting cycle.
Update on what is new for 2012 (tax year 2011), key steps to take to avoid common tax pitfalls and developing a plan for a successful tax filing season.
Presentation from Tate & Tryon CPAs, presenting the latest information on what's new for 2012, potential tax pitfalls for nonprofits and how to have a successful filing season.
At this time last year, income tax planning was particularly challenging. Several tax deductions had already expired, and significant changes, including new, higher income tax rates, were scheduled to take effect at the end of the year. Legislation passed in mid-December, however, hit the "reset" button, reinstituting already-expired deductions, and extending major tax provisions--including lower rates--for an additional one to two years.
The mid-term elections are over and there were sweeping changes made in Congress. Now more than ever is the time to review your situation to save money with year-end tax planning. We strongly encourage you to read the attached letter highlighting several areas of interest. We are available to help and guide you through these changes, please contact us at your earliest convenience if you have any questions or if you would like to schedule a meeting before year end so that we can advise you on a plan that best fits your needs.
Our summer newsletter's cover articles look at planning for the reduction in the dividend allowance and highlight that another tax rise will be with us soon. Check out these articles and lots more!
Similar to Payroll tax deposit requirements 9 30-10 (20)
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@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.
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 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
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
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
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.
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.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)
Payroll tax deposit requirements 9 30-10
1. Dear Client,
We are writing to let you know that the IRS has just issued proposed regulations on the requirement to deposit by EFT
beginning in 2011.
The IRS has issued proposed regulations on new rules that will require business depositors to use electronic funds
transfer (EFT) for all federal tax deposits (FTDs), effective Jan. 1, 2011.
Beginning in 2011, the IRS is eliminating the system that enables the processing of FTD paper coupons. Accordingly,
the proposed regs require the use of EFT for all FTDs, effective Jan. 1, 2011.
The proposed regs do not change existing rules for determining a depositor's status as either a monthly or semi-weekly
depositor for employment taxes. They also do not change existing rules on whether a taxpayer can remit taxes with a
return in lieu of making an FTD. Generally, the de minimis rule for employment taxes allows employers with a deposit
liability of less than $2,500 for a return period to remit employment taxes with their quarterly or annual return, rather
than making a tax deposit.
The proposed regs would require federal tax deposits to be made by EFT for many different types of taxes, including:
(1) business estimated income/excise tax; (2) federal payroll tax withholding; (3) federal unemployment tax; (4)
railroad retirement tax; (5) taxes withheld on nonresident aliens and foreign corporations; and (6) nonpayroll taxes,
including backup withholding.
The regs are expected to be finalized by the end of 2010. The final regulations are expected to apply to remittances
made after the date that the final regulations are published in the Federal Register, but in no event earlier than Jan. 1,
2011.
If we can assist you in making this transition to electronic funds transfer (EFT), please contact our office. We are here
to help!
Morehouse Group
Certified Public Accountants
Post Office Box 1710
Dalton, Georgia 30722-1710
706.278.2713 (Phone)
706.226.2446 (Fax)
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instead email your professional contact at their email or call us at 706.278.2713. If you prefer not to
receive any more informational emails, please contact us at donna@morehouse-cpa.com.
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you that any U.S. federal tax advice contained in this communication (including any attachments) is
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transaction or matter addressed herein.