The Texas state budget for 2010-2011 was $182 billion but faced a revenue shortfall. Projected revenue from major taxes like franchise and tobacco taxes fell short of estimates. This led to a budget shortfall of $5.9-$9.3 billion. The current 2012-2013 budget faces a $10.8 billion gap due to using one-time federal stimulus funds and declining revenues. The rainy day fund contains $9.2 billion that could help address the gap.
In this podcast, Bob Keebler covers Revenue Procedure 2014-18, which provides a simplified method for certain taxpayers to obtain an extension of time to make a portability election. Rev. Proc. 2014-18 provides an automatic extension for certain estates of decedents dying in 2011, 2012 and 2013 to elect portability. The extension applies to estates that would otherwise not have had a filing requirement, and allows the estates to file a return to elect portability until December 31. It includes the estates of same-sex decedents who were not eligible to elect portability until after the Windsor decision. Access more resources in the Planning After ATRA and NIIT Toolkit, including more podcasts, new charts by Bob Keebler as well as webcast recordings and Forefield Advisor alerts/videos, and the complete four-volume set of The CPA’s Guide to Financial & Estate Planning, recently updated for ATRA and NIIT, and much more.
Proactive Year-end Financial and Tax Planning StrategiesAICPA
In the third webcast in the AICPA Insights Live webcast series, Beth Gamel, CPA/PFS, Robert S. Keebler, CPA, Ted Sarenski, CPA/PFS and Scott Sprinkle, CPA/PFS, CGMA came together to discuss year-end financial and tax planning strategies, specifically to address the American Taxpayer Relief Act and the Net Investment Income Tax. Below you can find an audio recording from the webcast, as well as the accompanying presentation. Be sure to explore the other webcasts in the AICPA Insights Live webcast series.
In this podcast, Bob Keebler covers Revenue Procedure 2014-18, which provides a simplified method for certain taxpayers to obtain an extension of time to make a portability election. Rev. Proc. 2014-18 provides an automatic extension for certain estates of decedents dying in 2011, 2012 and 2013 to elect portability. The extension applies to estates that would otherwise not have had a filing requirement, and allows the estates to file a return to elect portability until December 31. It includes the estates of same-sex decedents who were not eligible to elect portability until after the Windsor decision. Access more resources in the Planning After ATRA and NIIT Toolkit, including more podcasts, new charts by Bob Keebler as well as webcast recordings and Forefield Advisor alerts/videos, and the complete four-volume set of The CPA’s Guide to Financial & Estate Planning, recently updated for ATRA and NIIT, and much more.
Proactive Year-end Financial and Tax Planning StrategiesAICPA
In the third webcast in the AICPA Insights Live webcast series, Beth Gamel, CPA/PFS, Robert S. Keebler, CPA, Ted Sarenski, CPA/PFS and Scott Sprinkle, CPA/PFS, CGMA came together to discuss year-end financial and tax planning strategies, specifically to address the American Taxpayer Relief Act and the Net Investment Income Tax. Below you can find an audio recording from the webcast, as well as the accompanying presentation. Be sure to explore the other webcasts in the AICPA Insights Live webcast series.
Your Taxes: Top 10 Things to Know & Tax Filing Tips and TrapsModernAdvisor
Faizal Valli is an independent tax advisor with 13 years experience in tax planning. He has previously worked with small accounting firms as well as an international tax firm and a boutique practice in taxes over a wide variety of experience.
In this presentation, we discuss the top 10 changes introduced in the federal budget which was presented on Tuesday, March 22nd. We review what you need to know about these tax changes that will affect you in 2016 and going forward. Next we’ll switch gears and talk about some tax tips and traps to be aware of for the 2015 filing season as well as generally.
December 2015 Oklahoma School Finance Financial Numbers Andy Evans
A discussion of the factors effecting Oklahoma School Finance for FY 16 after December Payment of Oklahoma Dedicated Revenue for Schools (Chargeables) excluding School Land Payments, Discussion of Motor Vehicle Calculations, Discussion of State Sales Tax, and Petroleum Sector Financials affecting Oklahoma Schools.
Louisiana Special Legislative Session: What to ExpectRyan
On February 14th, the Louisiana Legislature will convene for a three-week special session to address the state’s looming $1.9 billion budget shortfall for fiscal years 2016 and 2017. Newly inaugurated Governor John Bel Edwards has proposed a series of tax increases to close the gap. How will they affect your company? What are the state’s other options?
This presentation—created by Ryan Public Affairs Director Jason DeCuir, former Chief of Staff, Assistant Secretary and Executive Counsel for the Louisiana Department of Revenue—will highlight the current tax environment, Governor Edwards’s proposed measures to stabilize the budget, and changes to the legislative landscape.
Watch the full webinar presentation of these slides here http://ow.ly/Oijy300xSU7
Because of the multi-dimensional tax environment that now exists post-American Taxpayer Relief Act, CPA financial planners must look at the tax impact on clients’ financial plans through a 5 to 10 year horizon. Ordinary income tax rates from the Bush Administration were made permanent. The capital gains rate increased from 15% to 20% for taxpayers with income greater than the threshold amounts. Phase-out of personal exemptions and limitations on itemized deductions (Pease) become critical in managing tax brackets by shifting income and deductions into certain years. Visit the AICPA PFP Section’s Post ATRA & NIIT Toolkit for more in-depth resources on planning in preparation for year-end.
Your Taxes: Top 10 Things to Know & Tax Filing Tips and TrapsModernAdvisor
Faizal Valli is an independent tax advisor with 13 years experience in tax planning. He has previously worked with small accounting firms as well as an international tax firm and a boutique practice in taxes over a wide variety of experience.
In this presentation, we discuss the top 10 changes introduced in the federal budget which was presented on Tuesday, March 22nd. We review what you need to know about these tax changes that will affect you in 2016 and going forward. Next we’ll switch gears and talk about some tax tips and traps to be aware of for the 2015 filing season as well as generally.
December 2015 Oklahoma School Finance Financial Numbers Andy Evans
A discussion of the factors effecting Oklahoma School Finance for FY 16 after December Payment of Oklahoma Dedicated Revenue for Schools (Chargeables) excluding School Land Payments, Discussion of Motor Vehicle Calculations, Discussion of State Sales Tax, and Petroleum Sector Financials affecting Oklahoma Schools.
Louisiana Special Legislative Session: What to ExpectRyan
On February 14th, the Louisiana Legislature will convene for a three-week special session to address the state’s looming $1.9 billion budget shortfall for fiscal years 2016 and 2017. Newly inaugurated Governor John Bel Edwards has proposed a series of tax increases to close the gap. How will they affect your company? What are the state’s other options?
This presentation—created by Ryan Public Affairs Director Jason DeCuir, former Chief of Staff, Assistant Secretary and Executive Counsel for the Louisiana Department of Revenue—will highlight the current tax environment, Governor Edwards’s proposed measures to stabilize the budget, and changes to the legislative landscape.
Watch the full webinar presentation of these slides here http://ow.ly/Oijy300xSU7
Because of the multi-dimensional tax environment that now exists post-American Taxpayer Relief Act, CPA financial planners must look at the tax impact on clients’ financial plans through a 5 to 10 year horizon. Ordinary income tax rates from the Bush Administration were made permanent. The capital gains rate increased from 15% to 20% for taxpayers with income greater than the threshold amounts. Phase-out of personal exemptions and limitations on itemized deductions (Pease) become critical in managing tax brackets by shifting income and deductions into certain years. Visit the AICPA PFP Section’s Post ATRA & NIIT Toolkit for more in-depth resources on planning in preparation for year-end.
2011 is going to be a fun year if you make it so. It's a matter of adjusting your attitude and setting a purposeful plan to succeed in your real estate business. I hope this powerpoint from my class provides you with a basic template for you to put together a comprehensive business plan for your real estate sales success! Happy Selling!
Come learn more about the Chamber’s 10-day Journey to China Trip taking place March 12-21, 2012. During the information session we will review the trip itinerary and answer any questions or concerns you may have. There is no cost to attend, but please register as space is limited.
CT7_Op1_StudentTemplate#TransactionAccountDRCR1Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000.2The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013.3The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the government-wide level. Assume that it is Tax Year 2014. Complete the yellow area for the General Fund only.Chart of Accounts for General FundCashTaxes Receivable—CurrentEstimated Uncollectible Current TaxesTaxes Receivable—DelinquentEstimated Uncollectible Delinquent TaxesInterest and Penalties Receivable on TaxesEstimated Uncollectible Interest and PenaltiesDue from Other FundsDue from State GovernmentInventory of SuppliesVouchers PayableTax Anticipation Notes PayableDue to Other FundsDue to Federal GovernmentDue to State GovernmentFund Balance—Nonspendable—Inventory of SuppliesFund Balance—Restricted—General GovernmentFund Balance—Restricted—Public SafetyFund Balance—Restricted—Public WorksFund Balance—Restricted—Health and WelfareFund Balance—Restricted—Culture and RecreationFund Balance—Committed—General GovernmentFund Balance—Committed—Public SafetyFund Balance—Committed—Public WorksFund Balance—Committed—Health and WelfareFund Balance—Committed—Culture and RecreationFund Balance—Assigned—General GovernmentFund Balance—Assigned—Public SafetyFund Balance—Assigned—Public WorksFund Balance—Assigned—Health and WelfareFund Balance—Assigned—Culture and RecreationFund Balance—UnassignedBudgetary Fund BalanceEncumbrances OutstandingEstimated RevenuesRevenuesAppropriationsEstimated Other Financing Uses—Interfund Transfers OutExpendituresOther Financing Uses—Interfund Transfers Out
Chapter 2
(2-13)
Loss Caryrback and
Canliforward
Financial Statements, Cash Flow, and Taxes
Rhodes Corporation: Income Statements for Year Ending December 31
(Millions of Dollars)
2013
87
2012
Sales
Operating costs excluding depreciation
Depreciation and amortization
Earnings before interest and taxes
Less interest
Pre-ta:i income
Taxes (40%)
Net income availabie to common stockhoiders
Common dividends
$ I i,000
9,360
J6(.t
$ 1,260
0a
$ i,i40
456
$_684
$ zza
s 10,000
8,500
360
$ 1,140
100
$ 1,040
416
$ az+
$ zoo
Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars)
2013 2012
A-s.sefs
Cash
Short-term investments
Accounts receivable
Inventories
Total current assets
Net plant and equipment
Total assets
Liabilities and Equity
Accounts payable
Accruals
Notes payable
'l'otal current liabilities
Long-term debt
Total Iiabilities
Common stock
Retained earnings
Total common equity
Total liabilities and equity
$ s50
il0
2,750
1,650
$5,060
3,850
$8,elq
$1,100
550
384
$2,A34
1,100
$3,134
4,312
t,464
$s,776
$sels
$ s00
100
2,50A
1,500
$4,600
3,500
$8,1.
On February 2, 2012 at the meeting of the Economic Development & Public Policy Committee, Roger Stancil, Town Manager for Chapel Hill gave a presentation on the Town of Chapel Hill’s budget process, with a focus on priority-based budgeting.
Note accompanying New Tax Law Powerpoint prepared by Chris Courtwright, KS Legislative Research Department to Ed Olson, and forwarded to Jean Lee, July 20, 2012.
Presented by Albert Carrisalez, this gives an overview of the plans UTSA has in place to become a Tier 1 University. Shown to The Greater San Antonio Chamber of Commerce Education/Workforce Committee on February 10, 2009.
Highlights the demographics related to education levels in San Antonio and the need to collaborate on how local organizations must raise the levels of education before 2040. Presented by Ernest Bromley on March 10, 2009
This presentation gives detailed demographics on education in Texas and San Antonio. Presented January 21, 2009 at The Greater San Antonio Chamber of Commerce's Education/Workforce Committee.
More from The Greater San Antonio Chamber of Commerce (6)
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
ys jagan mohan reddy political career, Biography.pdfVoterMood
Yeduguri Sandinti Jagan Mohan Reddy, often referred to as Y.S. Jagan Mohan Reddy, is an Indian politician who currently serves as the Chief Minister of the state of Andhra Pradesh. He was born on December 21, 1972, in Pulivendula, Andhra Pradesh, to Yeduguri Sandinti Rajasekhara Reddy (popularly known as YSR), a former Chief Minister of Andhra Pradesh, and Y.S. Vijayamma.
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
27052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
2. The Texas State Budget for 2010-11 Biennial Total: $182 billion Federally funded = shown in white; other areas are General Revenue, GR-Dedicated, & “Other” State Funds.
5. Current Budget 2012-13 Budget General Revenue $75.0 billion $75.0 billion ARRA Used for GR $6.4 billion $0 Cash on hand $2.6 billion $0 Property Tax Relief Fund carryover $3.0 billion $0 Permanent School Fund $0 $1.2 billion TOTAL GR BUDGET $87.0 billion $76.2 billion GAP $10.8 billion
6. Potential Revenue for 2012-13 Economic growth with no change in revenue system $800 million for each 1% growth Accounting Adjustments Payment delays, etc $2.0 billion
7. Potential Revenue for 2012-13 Beginning balance $8.2 billion Growth during 2012-13 $1.0 billion Total Rainy Day Fund Available $9.2 billion
8. Sources of State Revenue 2009 Total $84.3 billion Licenses, Fees, Fines, Penalties 9% Interest/ Investment Income 2% Taxes 45% Lottery 2% Other 5% Federal Funds 37%
9.
10.
11. Budget Scenario for 2012-13 Local School Tax Cut (GR and PTF) GR for Higher Ed ARRA instead of GR Other GR GR for HHS Other GR for K-12 GR for Prisons Additional GR Needed $7 b $1 b None $3 b $3.3 b $300 m $700 m
12.
13.
14.
Editor's Notes
Other taxes are not making up for this slump
At least $10 billion in new GR/Property Tax Funds needed to cover “current services”, plus $7 billion to replace federal ARRA with General Revenue. Requires a 9% biennial increase in GR/PTF revenue and draining the Rainy Day Fund. General Govt, Judiciary, Public Safety, Natural Resources, Business and Econ. Dev., Regulatory Agencies, General Provisions, and Legislature Cuts proposed so far: 5% for HHS would reduce GR spending by $304 million, federal by $242 million — total is over half a billion Prisons: alternatives to incarceration; treatment, education, Correctional Industries