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Archive for the ‘Tax Return Deadline’ Category

According to the median forecast of 20 economists in the quarterly survey, by the Monetary Authority of Singapore it was revealed that Gross Domestic Product may expand 5.5 per cent next year, after shrinking 2 per cent this year. Consumer prices will probably rise 0.3 per cent this year and 2.8 per cent next year, according to the survey. The central bank had forecast that inflation will be about zero this year and average 2.5 per cent to 3.5 per cent next year.

Several economic indicators also have moved up in encouraging directions. The employment rate is recovering to around the level in December last year. Singapore’s total employment rose by 14,000 in the three months through September, compared with a loss of 7,700 jobs the previous quarter, according to revised figures released by the Ministry of Manpower. Singapore’s exports rose in November for the first time in 19 months, Non oil domestic exports rose 8.7% from a year earlier. The pharmaceutical shipments have improved likewise the non electronic exports witnessed robust growth.

Retail reports are also adding to the good news, Singapore’s retail sales fell the least in 10 months in October as the growing economy boosted job creation and revived spending. The Singapore Tourism Board is also upbeat about the tourist arrivals next year. The opening of the staggering S$5 billion integrated resorts will further rev up the economic engine.

Singapore’s quick exit out of the recession is because of the regional trade relationships and is expected to be sustained by the demands of Chinese and Indian markets. The government geared its stimulus package largely towards the enterprises in the form of job credit scheme and reduction in corporate tax. This has immensely facilitated enterprises to wriggle out of the recession relatively unscathed by curtailing costs.

In the year that follows the gallop of global enterprises towards east is expected to accelerate until the US demand situation is restored to the pre recession levels. As this race gathers momentum, enterprises with regional and global expansion plans will find Singapore as an ideal location to set up their business. The city state has the best international reputation, high standards of living, low tax rates and an uncomplicated tax regime, pro business policy and a stable government with zero bureaucratic hurdles for incorporating new companies.

Tags: singapore managerial income, singapore company, Managerial Talents, singapore employment needs, singapore company setup , global management pay

2009: The Year in Review

The coming of the New Year offers another chance to reflect on the past events. This is the first part of the annual “Year in Review” feature that will examine the highlights from the first six months of 2009. Part two, in next week’s edition, will summarize the remainder of the year.

Form 941 – Employer’s Quarterly Federal Tax Return

Regardless if you already own a home or are looking to make a purchase, the timing of your VA loan is critical. Let’s examine WHEN you need to go to your local bank and apply for financing.

60 days is a good rule of thumb.

In today’s market, closing on a VA mortgage will take somewhere in the neighborhood of 45 to 60 days. While it IS possible to make a closing in 45 days or less, I always suggest to err on the side of caution. Appraisal issues, termites, and slow insurance companies can add to your delay. By staying a step ahead and planning for the worst, you’ll be stress free and sleep soundly.

If you are selling your home AND buying another home

I suggest applying for financing when YOUR home goes under contract. This means you have a rock solid buyer and have collected a cash deposit. With your property under contract and knowledge that your financing will take 60 days, this is now the perfect time to start shopping for your next home. In today’s target rich environment (and by that I mean the market is flooded with homes for sale) you should have no problem finding your next home.

Nobody wants to move twice

When you put your home up for sale, you may find a buyer that wants to close quickly. This could be a problem if you still have not found your NEXT home or the buyer wants to close in less than 60 days. (Remember you need 60 days for YOUR financing.) If this is the case, I suggest you put into your sales contract the right to lease back your home AFTER it sells. This allows you to finalize the transaction but still remain in the home.

Putting your next home under contract

After you locate your new home, try to negotiate for the longest possible close date. This is a DELICATE process of give and take. Make sure you don’t give the seller the impression that you can’t close or that you aren’t serious. Show the seller your VA Loan pre-approval to inspire confidence. After you have the set closing date, say it’s April 1st, 2009, make your contract read, “closing to commence on or before April 1st, 2009.” That way you have the OPTION to close any time up until the final day of April 1st, 2009. I would also suggest putting into the contract the right to extend the contract should you need more time. You may need to offer the seller some cash for the extension rights, but it’s definitely worth having.

In a nutshell- get your VA loan financing started and plan on closing in 60 days. Make all your other arrangements around this time frame and you’ll enjoy a seamless hassle-free closing.

Year In Review: Loudoun’s Towns

In Loudoun’s western towns leaders spent much of 2009 wrestling with budget and utility concerns. Economies were practiced in every local municipality as budgets were pared down, jobs either shifted or not refilled, and capital projects put on hold.

Health Insurance Reform: Secretary Sebelius Takes Your Questions

Question: I’m doing my dad’s taxes and i have a question HELP?

I’m doing my dad’s taxes because otherwise he won’t do them and I have a few questions on how to go about it.

1) he didn’t file last year (for 2007) so how do i do that? Do I do 2008 before tomorrow and then deal with 2007’s or should I start chronilogically?

2)making things more complicated, he owes money to the IRS (my mom & dad divorced accidentally both of them claimed my siblings) Seeing he owes money, can I still go ahead and do the taxes normally?

3) Can I do all of this on TurboTax, which is what I used to do my taxes but I don’t know if I can still do it considering he didn’t do last years and he owes money?

4) should I just go ahead and file for an extension, seeing that tomorrow is the deadline and with the previous 3 questions in mind, I don’t know if I can complete all that by tomorrow.
-Will filing an extension affect how much he owes? We’re pretty low income and do not need this ‘tab’ to get any bigger.

THank you

Answer: I would start with the 2008 tax return. Since he is already late on his 2007 return, a few days won’t make much difference. You can address the money owed when doing the 2007 return.

Expanded Home Buyer Tax Credit: Small Window, Big Opportunity

RISMEDIA, January 8, 2010—The countdown is under way. As of January 1, you have four months to promote the expanded U.S. Homebuyer Tax Credit and get your qualified buyers under contract by the April 30 deadline. Fueled by the original November…

File IRS Tax Extension & Filing Income Taxes Late – Boulder CO

Question: What is the last date of return submission as per I.Tax Notification No.; 271/2007 dated 07/11/2007 for 06-07?

Answer: up to 29/02/2008, as I am aware

Bradford County man accused of submitting more than $350K in false Medicaid claims

A Bradford County speech pathologist is accused of submitting claims to Medicaid for $366,977 in services he did not provide over five years.

Me and TurboTax – Funny Original Rap Song!!!

Board holds true to levy, looks ahead to 2010-2011

Monday night’s regular school board meeting capped off with their annual Truth in Taxation meeting. The meeting discussed only the school district’s effect on property taxes.

В.Путин.Вступительное слово.27.05.08.Part 2