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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