The Tax Preparation Blog

Archive for the ‘Tax Accounting’ Category

Question: Looking for CPA recommendations in the San Francisco Bay Area?

I am looking for a good CPA in the San Francisco Bay Area, California with experience in gift tax, NRO accounts as well laws in India and USA. Anyone who has experience with such accountants, please send me the CPA contact info.

Answer: Have you checked out the Calif. CPA website? Usually CPA’s list their areas of specialization.

Obituaries for March 31, 2011

Tuolumne native and lifelong resident Glenn Kolpack died March 12 at San Joaquin General Hospital in Stockton. He was 27. The son of Noni and Glenn “Skeeter” Kolpack, he worked as a heavy equipment operator for 10 years. He enjoyed the outdoors and working on cars.

Your San Francisco CPA – Jerry Newman

Question: AUCTION SITES!!! australia?

I have seen lots of posts on forums lately talking about the debate of
Ebay vs’ Other Australian Auction sites.
So i thought i would ask the question in here so i can get a response from some people who have decided to use another australian Auction Site.
Now, from what i have read Ebay Australia takes around 200 million dollars out of this country EVERY year, all into a swiss bank account with no GST or INCOME tax paid.
So do u think it is worth supporting the Australian Auction Sites and maybe getting less sales but giving the aussie sites a chance to build up so ebay is no longer a monopoly in this country ?
Do you think ebay should even be in Australia???
Do you think it is right that they take so much out of the country every year without contributing to the society they are taking all the money from???
well please let me know your thoughts guys

Answer: It is very altruistic to rally around local sites, and to keep the money within your own economy. However, for the housewife who just wants to quickly and securely get top dollar for reselling her too-small sweater, the big international site like ebay is a very tempting remedy. It is true that you must act locally to impact globally, but a hard sell to the masses. Good luck to you in this worthy endeavor.

Why Declining House Values Could Spark The Next Taxpayer Rebellion

You might think property taxes have declined 30%, paralleling declines in housing values. But nope–property tax revenues have shot up 27% just since 2006.

Samuel A. DiPiazza, Jr. on economic nationalism

Ravenstahl’s influence on the line in race for former council seat

Mayor Luke Ravenstahl hasn’t been the First District City Councilman since 2006, but a battle is being fought this year to see how much sway he holds over the seat.

Tax Assist Testimonial – The Brighton Curry Club – Brighton Networking Event

Question: How do I file mine & my new PR husband’s taxes this year?

My husband just arrived in Canada as a new immigrant. We’ve been married since May 2006. He has received his SIN but has no employment or anything for taxes.
Also, this is the first year I have contributed to my RSP.
Maybe not, but I feel that our taxes are too complicated to do ourselves. Should we go to an accountant? Does anyone know of an accountant in Victoria, BC that specializes in new immigrants?
Thanks

Answer: As indicated above you will be allowed to claim your husband as a dependant in 2006 . He should also file a nil return to go on record as a BC resident for 2006. This may be of use later on when you go to calculate the number of years he was a resident for pension purposes.

There are two solutions to your problems with the complexity of the tax return. The first would be to look up the accounting associations in BC ( CA, CGA, etc) and see if they have a referral for an accountant that specializes in immigrants and/or speaks your language if that is a problem. This could be expensive. If you have minimal income the accounts sometimes have volunteer clinics.

The second alternative and the one I would reommend is to go out and by a tax package like quick tax or even search on line for one. These are very simple to use and in effect walks you through the process by asking questions.

Cut the shady out of your deductions

After doing tax returns for nearly 16 years, certified public accountant Melissa Seaver has seen more than her…

Professional Touch Accounting – Victoria

Question: How to save £150,000 in 5 years time?

Hi, I just started my job as a graduate. My net income after tax & NI is approximately £25,000 now and gross salary increases average 10% every year. I can also work as a freelance translator and expected average income is £5000 per year. I live in London and I save about £1,000a month. I have a few plans and I need at least £150,000 in 5 years time to make it. How can I make that much without taking a risk of stock trading etc? Also what’s the best way to increase my income level? currently i work as a financial analyst for an energy company and studying accounting qualification but I don’t want to be in finance too long. what would be the best way to save that much or more and to be rich in general? one day I want to have my own business, but I don’t have a clear idea at the moment.

Answer: In today’s market, and with the UK’s tax structure, I would consider this an admirable but unattainable goal.

Fortunes are built like walking the road from London to Scotland…. one step at a time.

Your patience, and your age will be your best allies in the long run…

Lighthouse Group PLC – Preliminary Results

Lighthouse Group PLC – Preliminary Results

AAT – Your big future