The Tax Preparation Blog

Archive for November, 2009

Instead of taking their drivers education course in a classroom, teens have the option of taking Georgia Drivers Ed Online. NDSS’s (National Driver Safety Services) course is approved by the Georgia Department of Driver Services, and meets all Joshua’s Law requirements. Georgia Drivers Ed online is the convenient and affordable alternative to a classroom course.

Getting a Georgia Drivers Permit is an exciting experience, and this course will teach teens everything they need to know in order to pass their permit exam. The Georgia Drivers Ed course features short, easy-to-understand chapters that cover city and highway driving, rules and regulations, signs and signals, emergency procedures, the serious dangers of drinking and driving, defensive driving strategies, and much more.

Taking a Georgia Driver Education Course online means that teens don’t have to disrupt their normal schedule in order to complete drivers ed (which also makes life easier for their parents). With drivers ed online, teens can study to get their Georgia Drivers Permit at their own pace, when they have the time.

NDSS’s online course will prepare teens to pass their Georgia Learners Permit exam better than a classroom course because, instead of listening to a boring lecture, they are able to actively participate in the learning process. And, because they are able to study at their own pace, teens will learn more and be able to remember it better.

This course not only benefits teens, it benefits their parents too! Once teens complete the course and receive their Certificate of Completion, parents may qualify for an insurance discount or a $150 tax credit. For an insurance discount, parents will need to contact their insurance company. To receive a tax credit, parents must retain a copy of the Certificate of Completion and have proof of the course fees that they paid.

NDSS offers you a quality online Georgia driver education course at an affordable price. We want you to enjoy your experience with us, which is why our course includes a 100% money-back guarantee. If you’re not satisfied with the Georgia Drivers Ed course, simply contact us within 30 days of registering for the course, and before you take the final exam, and we’ll refund your money.

Ohio’s sales tax: Current condition and policy options : selected tables (Staff report) …

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Budget cuts ‘will not be pretty’

Budget cuts ‘will not be pretty’

Georgia Straight editor Charlie Smith discusses HST cover (2)

Question: Which degree do I need to prepare taxes?

If I want to work part time as a certified tax preparer during tax season, what degree do I need? Certificate or Bachelors?
How much could I expect to earn compared to the cost of a student loan, in other words, is the degree a wise investment for this job?

Answer: Currently, all you need to do is hang out a shingle to start doing tax returns. However, “the Senate’s top tax writer (Chuck Grassley) is pushing a plan to license return preparers who aren’t CPAs, lawyers or enrolled agents. That proposal is likely to become law soon. Unlicensed return preparers would have to pass a test and renew their eligibility every three years. the earliest that the IRS could implement these procedures would be 2008″. That quote is from the Kiplinger Tax Letter, July 28, 2006.

That said, a person with a bachelors in Accounting could probably expect to make anywhere from $25,000 to $50,000/year in the first year, depending on where she’s applying and in what market. Obviously, big cities with big accounting firms pay more than small market companies. You could easily pay back your student loan if you have a degree and can get a job. The market for accountants right now is hot, so it’s probably a good major.

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Managing Your Tax Season $93.75 You have a tax season system, whether it’s documented or not. But does your system reflect thoughtful planning and training, or does each tax season become a head-long scramble to the finish line? Are you getting the most out of each of your staff members, or do partners perform work that preparers should do, cutting into partners’ time to see clients? Managing Your Tax Season will give you fresh…

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Seven Year-End Tax Tips

These strategies will help you save money and get ahead in 2010.

W. Marc Gilfillan: Certified CPA and Accountant

Value added tax (VAT) has always been a cause of perplexity to the real estate buyers. While some builders are recovering VAT from the customers, there are others who are not charging their customers at all. This has led to much confusion for the property buyers as to whether VAT needs to be paid and if it does need to be paid, what should be the amount.

The VAT system replaced the sales tax system with the objective of simplifying the tax regime and to avoid the problem of double taxation. VAT is a multi-stage tax levied at each stage of the value chain with the provision that tax credit will be allowed for the tax paid at an earlier stage.

Under the VAT structure, there are two categories of rates – four percent or 12.5 percent. The idea behind this was to bring about uniformity in the levying of tax by different States and simplify the complex structure under the sales tax system. Different States have enacted the VAT Act for their State along with certain variations. While some States have moved away from the basic rate structure, some have introduced certain exemptions and concessions for the benefit of specific sectors.

In Karnataka, the real estate developers or builders have an option to charge VAT to the customers under two schemes. The first one is the composition scheme where the builder pays four percent of the construction cost as VAT. In this case, he does not claim anything from the individual owners.

Under the second scheme, the builder can collect 12.5 percent of 70 percent of the cost of construction from the individual owners. This works out to 8.75 percent of the total cost of construction. VAT is applicable only to materials and 70 percent of construction cost is representative of the materials cost in construction. VAT is calculated on the cost of the flat, parking space cost and amenities.

While some may think that it is unfair for buyers where the builder opts for the second scheme, it is not so. In the first case, although the builder is paying VAT himself, the additional burden will be passed on to the owners by way of a higher price. Similarly, where the builder is recovering VAT from the owners, the price of the flat would be lower to that extent since VAT is an additional cost to the buyer. Failure to do so may render him uncompetitive in his overall pricing.

Courtesy:- TOI dt:- 05-09-2009

OBAMA PUSHES ANTI GUN TREATY!!! ALERT

Question: California Tax Deeds?

Ok so after you purchase a tax deed you own the said property? correct? However what happens to the mortgage? Don’t you have to make those payments? Or does it just disappear?

Answer: The property is pledged as security for the mortgage. Someone will have to pay it off or the lender will foreclose on the property. If you bought a property via a tax deed and there’s a mortgage on it, get ready to start making payments.

In the vast majority of cases where real property is encumbered by a mortgage and is sold for back taxes, the lender buys the property from the taxing authority in order to preserve their security interest.

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Collection of tax payments by electronic funds transfer : a report to the California State Legislature …

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Taxes and assessments can be confusing for property owners

“When looking for a home in Fontana, some areas paid about 1 percent on property tax and others paid an additional (LMD) Land Maintenance District and yet others (CFD) Community Facility District fee. What are the differences in the property taxes costs?”

Kansas Budget Crisis May Delay Tax Refunds and Payment to State Employees

Question: Do you think that Englsnd (and the rest of the UK) should pull out of the EU and re-join EFTA?

We give over £50,000,000,000 every year to the EU and the UK sees little return or benefit. We subsidise other countries when our own land is failing. Every day Brussels impose more rules and laws on us for little reason. Leaving the EU would free up this drain on taxes and joining the European Free Trade Association would help trading prosper. Why should I pay for a railway in India when I can’t use a train to go to work because it’s so unreliable
Zaid, you must be a Labour supporter. The lie starts with the budget. Real figures include all the stealth taxes and subsidies. Do some REAL research

Answer: Yes! I don’t see why ANY country should be a part of the United States of Europe!

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2020 vision: Our team of futurologists peers into mists of time

Britain’s first black prime minister is settling into Number 10, Sir Alexander McQueen has given King Charles a makeover and the City’s carbon traders are coining it. Welcome to the future – but what other surprises are around the corner?

Obama: Raise Taxes, Capital Gains – “For Purposes of Fairness”