WHILE THE TAX SEASON FOR MOST PEOPLE STARTS IN JANUARY 2011, PLEAE NOTE THAT IRS NEEDS TIME TO REPROGRAM TEIR COMPUTERS FOR THE CHANGES IN THE NEWLY SIGNED TAX LAW IN DEC 2010. THESE CHANGES AFFECT THE INDIVIDUAL TAX PAYERS WITH FOLLOWING DEDUCTIONS:
1. STATE & LOCAL TAX DEDUCTIONS
2. TUTION & FEES DEDUCTIONS
3. EDUCATOR EXPENSES DEDUCTION
4. 1040 FORM SCHEDULE A FILERS.
THE IRS COMPUTERS SHOULD BE READY BY MID TO LATE FEBRUARY 2011.
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Wednesday, December 29, 2010
Thursday, December 23, 2010
NEW TAX LAW CHANGE - SOCIAL SECURITY WITHOLDING
1. IRS IS GOING TO INFORM EMPLOYERS TO CUT THE SOCIAL SECURITY WITHHOLDING BY 2% AND THERE BY THE SOCIAL SECURITY TAX FOR ALL THE EMPLOYEES. THE INTENT IS THAT 2% TAX REDUCTION WILL BOOST THE ECONOMY IN 2011.
2. THIS CHANGE WILL BE IN EFFECT LATEST BY JAN 31, 2011.
3. EMPLOYERS WILL HAVE TO UPDATE THEIR PAY ROLL SYSTEMS TO MAKE THIS CHANGE AND SO JANUARY 31 2011 IS TARGETED FOR CHANGE TO BE IN EFFECT.
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2. THIS CHANGE WILL BE IN EFFECT LATEST BY JAN 31, 2011.
3. EMPLOYERS WILL HAVE TO UPDATE THEIR PAY ROLL SYSTEMS TO MAKE THIS CHANGE AND SO JANUARY 31 2011 IS TARGETED FOR CHANGE TO BE IN EFFECT.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Saturday, December 18, 2010
HOW LONG SHOULD I KEEP TAX RECORDS ?
DEPENDS UPON THE TAX DATA RECORDED. SOME SUGGESTIONS ARE LISTED BELOW:
1. DOCUMENTS THAT SUPPORT TAX DEDUCTIONS & PAYMENTS SHOULD BE KEPT UNTIL THE STATUE OF LIMITATIONS FOR THAT TAX YEAR RUNS OUT. FOR EXAMPLE KEEP TAX YEAR 2006 DATA UNTIL 2009 i.e. 3 YEARS.
2. FOR RECORDS OF ASSETS, KEEP RECORDS AFTER DISPOSAL UNTIL THE TAX YEAR THE STATUTE OF LIMITATION EXPIRES i.e. IF A CAR IS DISPOSED OFF IN TAX YEAR 2008, KEEP ITS RECORDS UNTIL TAX YEAR 2011.
3. IF YOU FILE A CLAIM FOR WORTHLESS SECURITIES, KEEP RECORDS FOR 7 YEARS.
4. KEEP EMPLOYMENT RECORDS FOR 4 YEARS AFTER TAX IS DUE OR PAYABLE, WHICH EVER IS LATER.
5. FOR UNREPORTED INCOME OVER 25% OF YOUR GROSS INCOME, KEEP RECORDS FOR SIX YEARS.
6. FOR FRAUDULENT OR NOT FILED RETURNS, KEEP RECORDS INDEFINITELY.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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1. DOCUMENTS THAT SUPPORT TAX DEDUCTIONS & PAYMENTS SHOULD BE KEPT UNTIL THE STATUE OF LIMITATIONS FOR THAT TAX YEAR RUNS OUT. FOR EXAMPLE KEEP TAX YEAR 2006 DATA UNTIL 2009 i.e. 3 YEARS.
2. FOR RECORDS OF ASSETS, KEEP RECORDS AFTER DISPOSAL UNTIL THE TAX YEAR THE STATUTE OF LIMITATION EXPIRES i.e. IF A CAR IS DISPOSED OFF IN TAX YEAR 2008, KEEP ITS RECORDS UNTIL TAX YEAR 2011.
3. IF YOU FILE A CLAIM FOR WORTHLESS SECURITIES, KEEP RECORDS FOR 7 YEARS.
4. KEEP EMPLOYMENT RECORDS FOR 4 YEARS AFTER TAX IS DUE OR PAYABLE, WHICH EVER IS LATER.
5. FOR UNREPORTED INCOME OVER 25% OF YOUR GROSS INCOME, KEEP RECORDS FOR SIX YEARS.
6. FOR FRAUDULENT OR NOT FILED RETURNS, KEEP RECORDS INDEFINITELY.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Saturday, December 11, 2010
2010 YEAR END TAX PLANNING
IRS EXPECTS PAYMENT OF OF 90% OF THE TAXES OWED AS THE INCOME IS EARNED THROUGH OUT THE YEAR IN OUR PAY AS YOU GO TAX SYSTEM. REVIEW TAX PAYMENTS FOR YOUR BUSINESS OR PERSONAL TAX RETURNS AND LOOK FOR THE FOLLOWING:
1. IS SUFFICIENT FEDERAL & CA TAX WITHHELD ? IF NOT, THEN COMPUTE THE NUMBER OF ALLOWANCES USING THE W4 FEDERAL WITHOLDING AND "DE4" CA ALLOWANCE FORMS. INFORM THE PAYROLL ABOUT THE REDUCED NUMBER OF ALLOWANCES.
2. IF YOU OWN A BUSINESS, IS SUFFICIENT ESTIMATED FD & CA TAX PAYMENT MADE TO ACCOUNT FOR BUSINESS GROWTH? IF NOT, SEND IN HIGHER Q4 TAX PAYMENT BEFORE JANUARY 15, 2011.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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1. IS SUFFICIENT FEDERAL & CA TAX WITHHELD ? IF NOT, THEN COMPUTE THE NUMBER OF ALLOWANCES USING THE W4 FEDERAL WITHOLDING AND "DE4" CA ALLOWANCE FORMS. INFORM THE PAYROLL ABOUT THE REDUCED NUMBER OF ALLOWANCES.
2. IF YOU OWN A BUSINESS, IS SUFFICIENT ESTIMATED FD & CA TAX PAYMENT MADE TO ACCOUNT FOR BUSINESS GROWTH? IF NOT, SEND IN HIGHER Q4 TAX PAYMENT BEFORE JANUARY 15, 2011.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Friday, December 3, 2010
IRS - TAX PRO " ETHICAL STANDARDS "
IRS REVISES AND UPDATES CIRCULAR 230 STANDARDS TO PROMOTE ETHICAL PRACTICE BY TAX PROFESSIONALS.
COMPREHENSIVE DOCUMENT IRS CIRCULAR 232 HAS FIVE SUB PARTS. HIGHLIGHTS ARE:
o SUB PART A : RULES GOVERNING PRACTICE BEFORE IRS AND WHO IS ENTITLED TO PRACTICE IN IRS COURTS.
o SUB PART B: RULES ABOUT DILIGENCE, FEE SOLICITATION RESTRICTIONS, CONFLICT OF INTEREST, STANDARDS FOR ADVISING WITH RESPECT TO TAX RETURN POSITIONS.
o SUB PART C: SANCTIONS FOR VIOLATIONS OF CIRCULAR 230.
o SUB PART D: DISCIPLINARY ACTIONS AND PROCEEDINGS FOR CIRCULAR 230 VIOLATIONS
o SUB PART E: MISCELLANEOUS PROCEDURES & RULES.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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COMPREHENSIVE DOCUMENT IRS CIRCULAR 232 HAS FIVE SUB PARTS. HIGHLIGHTS ARE:
o SUB PART A : RULES GOVERNING PRACTICE BEFORE IRS AND WHO IS ENTITLED TO PRACTICE IN IRS COURTS.
o SUB PART B: RULES ABOUT DILIGENCE, FEE SOLICITATION RESTRICTIONS, CONFLICT OF INTEREST, STANDARDS FOR ADVISING WITH RESPECT TO TAX RETURN POSITIONS.
o SUB PART C: SANCTIONS FOR VIOLATIONS OF CIRCULAR 230.
o SUB PART D: DISCIPLINARY ACTIONS AND PROCEEDINGS FOR CIRCULAR 230 VIOLATIONS
o SUB PART E: MISCELLANEOUS PROCEDURES & RULES.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Friday, November 19, 2010
IRS - UNDELIVERED REFUND CHECKS...
IRS SEEKS TAX PAYERS TO RETURN REFUND CHECKS WORTH :
1. 164.6 MILLION DOLLARS
2. 111,893 TAXPAYERS REFUND CHECKS RETURNED TO IRS.
MOST COMMON REASONS FOR CHECK RETURN ARE ;
o CHANGE OF MAILING ADDRESS.
o MAIL ADDRESS ERRORS.
o UNDELIVERED REFUND CHECKS AVERAGE $1472 PER TAXPAYER TAX YEAR 2009.
TO AVOID THESE PROBLEMS eFILE & DIRECT DEPOSIT YOUR REFUND. AFTER THREE TAX YEARS IRS WILL KEEP YOUR REFUND.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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1. 164.6 MILLION DOLLARS
2. 111,893 TAXPAYERS REFUND CHECKS RETURNED TO IRS.
MOST COMMON REASONS FOR CHECK RETURN ARE ;
o CHANGE OF MAILING ADDRESS.
o MAIL ADDRESS ERRORS.
o UNDELIVERED REFUND CHECKS AVERAGE $1472 PER TAXPAYER TAX YEAR 2009.
TO AVOID THESE PROBLEMS eFILE & DIRECT DEPOSIT YOUR REFUND. AFTER THREE TAX YEARS IRS WILL KEEP YOUR REFUND.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Friday, November 12, 2010
2011 "W2" REPORTING REQUIREMENT --> HEALTH COST OPTIONAL
IRS GUIDE IS THAT WHEN 2011 " W2" FORMS ARE ISSUED IN JAN 2011, IT IS NOT MANDATORY THAT EMPLOYERS DO THE FOLLOWING:
1. REPORT COST OF HEALTH CARE IN WAGE & TAX STATEMENT - W2 FORM
2. THIS RELIEF WAS GRANTED TO GIVE TIME TO EMPLOYERS TO UPDATE THEIR SYSTEMS AND PROCEDURES NECESSARY TO COMPLY WITH THIS NEW REQUIREMENT.
IT IS VERY LIKELY THAT EMPLOYERS HEALTH CARE COST MAY BECOME A TAXABLE BENEFIT TO EMPLOYEES. STAY TUNED, AS LAME DUCK SESSION OF THE CONGRESS MEETS IN FEW WEEKS.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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1. REPORT COST OF HEALTH CARE IN WAGE & TAX STATEMENT - W2 FORM
2. THIS RELIEF WAS GRANTED TO GIVE TIME TO EMPLOYERS TO UPDATE THEIR SYSTEMS AND PROCEDURES NECESSARY TO COMPLY WITH THIS NEW REQUIREMENT.
IT IS VERY LIKELY THAT EMPLOYERS HEALTH CARE COST MAY BECOME A TAXABLE BENEFIT TO EMPLOYEES. STAY TUNED, AS LAME DUCK SESSION OF THE CONGRESS MEETS IN FEW WEEKS.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Friday, November 5, 2010
NEW: TANNING SALON TAX DEADLINE...
IF OWN A SKIN TANNING SALON, FIRST PAYMENT OF YOUR TAX IS DUE NOV 1, 2010. DETAILS ARE:
1. NEW TANNING TAX IS 10% TO BE REMITTED TO IRS 11/1/2010.
2. QUARTERLY FEDERAL EXCISE TAX FORM 720 NEEDS TO BE FILLED OUT.
3. THESE PAYMENTS CAN BE SENT ELECTRONICALLY BY IRS "EFTPS" SYSTEM.
4. PROVIDERS OF TANNING SERVICES COLLECT THIS TAX WHEN THE PURCHASER PAYS FOR TANNING SERVICES.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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1. NEW TANNING TAX IS 10% TO BE REMITTED TO IRS 11/1/2010.
2. QUARTERLY FEDERAL EXCISE TAX FORM 720 NEEDS TO BE FILLED OUT.
3. THESE PAYMENTS CAN BE SENT ELECTRONICALLY BY IRS "EFTPS" SYSTEM.
4. PROVIDERS OF TANNING SERVICES COLLECT THIS TAX WHEN THE PURCHASER PAYS FOR TANNING SERVICES.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Friday, October 29, 2010
IRS PROBLEMS AND TAX RESOLUTION OPTIONS
BEFORE CONSIDERING OFFER IN COMPROMISE (IOC), IT IS ADVISABLE TO EXPLORE THE AVAILABLE IRS TAX DEFICIENCY OPTIONS. SOME OF THEM ARE LISTED BELOW:
1. FULL PAYMENT OF THE TAX OWED.
2. GET CURRENT WITH YOUR TAX RETURNS AND SEND UNFILED RETURNS TO REPLACE IRS SUBSTITUTE FOR RETURNS (SFR's).
3. DISPUTE TAX ON TECHNICAL GROUNDS.
4. CURRENTLY NOT COLLECTIBLE STATUS
5. INNOCENT SPOUSE
6. OTHERS
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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1. FULL PAYMENT OF THE TAX OWED.
2. GET CURRENT WITH YOUR TAX RETURNS AND SEND UNFILED RETURNS TO REPLACE IRS SUBSTITUTE FOR RETURNS (SFR's).
3. DISPUTE TAX ON TECHNICAL GROUNDS.
4. CURRENTLY NOT COLLECTIBLE STATUS
5. INNOCENT SPOUSE
6. OTHERS
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Thursday, October 21, 2010
C CORP TAX RETURN DEAD LINE...
Q: WHAT ARE THE TAX CONSEQUENCES OF A CALENDER YEAR C-CORP. NOT FILING TAX RETURN AFTER ITS EXTENSION DEAD LINE OF SEPT 15 2010 ?
A: THE C-CORP. WILL HAVE TO PAY THE FOLLOWING PENALTIES TO IRS:
1. LATE FILING PENALTY
2. LATE PAYMENT PENALTY
THESE PENALTIES MAY BE WAIVED IF A C-CORP. CAN SHOW THAT THE FAILURE WAS DUE TO REASONABLE CAUSE. A STATEMENT EXPLAINING REASONABLE CAUSE MUST BE ATTACHED WITH THE TAX RETURN.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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A: THE C-CORP. WILL HAVE TO PAY THE FOLLOWING PENALTIES TO IRS:
1. LATE FILING PENALTY
2. LATE PAYMENT PENALTY
THESE PENALTIES MAY BE WAIVED IF A C-CORP. CAN SHOW THAT THE FAILURE WAS DUE TO REASONABLE CAUSE. A STATEMENT EXPLAINING REASONABLE CAUSE MUST BE ATTACHED WITH THE TAX RETURN.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
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Friday, October 15, 2010
HAVE Corrosive Dry Wall REPAIR EXPENSES ?
Q: Do you know how to handle damage resulting form Corrosive Drywall ? Is there a way to determine what loss can be taken and how much ?
A: Any person who pays to repair damage to personal residence or household appliances that results form Corrosive Dry wall can deduct it as casualty loss in the year of payment. 75% of the unrerimbursed expenses can be claimed as casualty loss using Safe harbor method. Losses claimed for replacement of household appliances are limited to lesser of the current cost to Replace Appliances or their Basis.
See Revenue Procedure 2010-36 for details.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR Join Likedin "Tax Matters" Group for discussion.
A: Any person who pays to repair damage to personal residence or household appliances that results form Corrosive Dry wall can deduct it as casualty loss in the year of payment. 75% of the unrerimbursed expenses can be claimed as casualty loss using Safe harbor method. Losses claimed for replacement of household appliances are limited to lesser of the current cost to Replace Appliances or their Basis.
See Revenue Procedure 2010-36 for details.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR Join Likedin "Tax Matters" Group for discussion.
Thursday, September 2, 2010
Micro-Business Today..
Do Micro-Businesses have a future in Global Economy?
In the days of International Mega-Corporations, do Ma/Pa shops have place?
What role these small businesses are palying in our economic recovery?
In the days of International Mega-Corporations, do Ma/Pa shops have place?
What role these small businesses are palying in our economic recovery?
Thursday, August 26, 2010
Wednesday, August 18, 2010
"Should the 2010 Estate Tax Rate of 0% be continued in 2011 & Beyond ?
Mr. George Steinbrenner, who owned NY Yankees and other enterprises passed away in 2010. His estate will pay no tax in 2010. It is the best year to pass away from Estate tax perspective. The questions are these:
Q1: Should the Estate Tax exemption start at 3M$ or 2 M$, or 1M$ and so the wealthy people whose estates exceed exemption limit pay 45% tax or more on their estate ?
Q2: Should the Estate Tax revert to 2009 Tax law?
Q3: Should the new estate tax rate be made retroactive to 2010? So, Mr. Steinbrernner's Estate pays the retroactive Estate tax ?
What are your thought and comments on current Estate Taxes ? What should the Newly Elected congress do for 2011 ?
Q1: Should the Estate Tax exemption start at 3M$ or 2 M$, or 1M$ and so the wealthy people whose estates exceed exemption limit pay 45% tax or more on their estate ?
Q2: Should the Estate Tax revert to 2009 Tax law?
Q3: Should the new estate tax rate be made retroactive to 2010? So, Mr. Steinbrernner's Estate pays the retroactive Estate tax ?
What are your thought and comments on current Estate Taxes ? What should the Newly Elected congress do for 2011 ?
Thursday, August 12, 2010
HOME ENERGY CREDIT Q AND A
Q: WHAT ENERGY CREDIT IS AVAILABLE FOR HOME ENERGY EFFICIENC Y IMPROVEMENTS?
A: ENERGY CREDIT OF 30% OF THE COST OF ENERGY IMPROVEMENTS IS AVAILABLE FOR HOME OWNERS. MAXIMUM COMBINED CREDIT LIMIT FOR 2009 & 2010 TAX YEARS IS $1500. MANUFACTURERS MUST MUST CERTIFY THAT THEIR PRODUCTS MEET "ENERGY EFFICIENCY STANDARDS" SET BY THE GOVERRMENT.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT www.yajnikandmehta.com OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/
A: ENERGY CREDIT OF 30% OF THE COST OF ENERGY IMPROVEMENTS IS AVAILABLE FOR HOME OWNERS. MAXIMUM COMBINED CREDIT LIMIT FOR 2009 & 2010 TAX YEARS IS $1500. MANUFACTURERS MUST MUST CERTIFY THAT THEIR PRODUCTS MEET "ENERGY EFFICIENCY STANDARDS" SET BY THE GOVERRMENT.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT www.yajnikandmehta.com OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/
Wednesday, August 11, 2010
Buiness Launch...
Q: What are the elements of a successful micro business launch ?
A: First step is a Business Plan. Typically, Short Term ( less than 1 year ) and Long Term Plan ( 3 years) is required. The document needs to be written and explains the business overview.
Its chapters usually contain the following:
1. Product / Service Offered
2. Market : Survey / Competition / Promotion / Internet
3. Sales: Revenue Forecast / Sales Channels
4. Resource Plan - Human / Financial
5. Operations : Where/ How and When
6. Service : Customer / Markets / Logistics
6 Sales / Marketing/ Operations Support Plans
7. Legal: Warranty/ Patents / Licenses / Agreements
8. Financing: Equity / Line Of Credit
9. Business Entity Choice
10. Global / National / Local Market - Export / Import
How about expanding this outline ? Feel free to comment and add as we discuss important aspects of these chapters.
Call Kash @ (925) 963 4891 or visit www.yajnikandmehta.com
A: First step is a Business Plan. Typically, Short Term ( less than 1 year ) and Long Term Plan ( 3 years) is required. The document needs to be written and explains the business overview.
Its chapters usually contain the following:
1. Product / Service Offered
2. Market : Survey / Competition / Promotion / Internet
3. Sales: Revenue Forecast / Sales Channels
4. Resource Plan - Human / Financial
5. Operations : Where/ How and When
6. Service : Customer / Markets / Logistics
6 Sales / Marketing/ Operations Support Plans
7. Legal: Warranty/ Patents / Licenses / Agreements
8. Financing: Equity / Line Of Credit
9. Business Entity Choice
10. Global / National / Local Market - Export / Import
How about expanding this outline ? Feel free to comment and add as we discuss important aspects of these chapters.
Call Kash @ (925) 963 4891 or visit www.yajnikandmehta.com
Tuesday, August 10, 2010
TAX EXTENSION DEADLINES - INDIVIDUALS & BUSINESS
Q: WHAT ARE THE EXTENSION DEAD LINES FOR INDIVIDUALS AND C_CORP/ S_CORP FOR CALENDER YEAR TAX RETURNS ? CAN THEY BE eFILED ?
A: FOR THOSE INDIVIDUALS WHO FILED EXTENSION'S IN APRIL 15,2010, THE FEDERAL AND CA TAX RETURNS NEED TO BE FILED BY 10/15/2010.
FOR COLANDER TAX YEAR CORPORATIONS, THE FEDERAL AND CA TAX RETURNS SHOULD BE FILED BY 9/15/2010.
MOST RETURNS CAN BE eFILED BUT IN SOME CASES, THEY SHOULD BE PAPER FILED.
FOR MORE INFO: CALL KASH @ (925) 963 4891, YAJNIK AND MEHTA ASSOCIATES
or VISIT http://www.yajnikandmehta.com/
A: FOR THOSE INDIVIDUALS WHO FILED EXTENSION'S IN APRIL 15,2010, THE FEDERAL AND CA TAX RETURNS NEED TO BE FILED BY 10/15/2010.
FOR COLANDER TAX YEAR CORPORATIONS, THE FEDERAL AND CA TAX RETURNS SHOULD BE FILED BY 9/15/2010.
MOST RETURNS CAN BE eFILED BUT IN SOME CASES, THEY SHOULD BE PAPER FILED.
FOR MORE INFO: CALL KASH @ (925) 963 4891, YAJNIK AND MEHTA ASSOCIATES
or VISIT http://www.yajnikandmehta.com/
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