The Tax Preparation Blog

Posts Tagged ‘business’

smartFOCUS Group PLC – Final Results

smartFOCUS Group PLC – Final Results

Ekayana – 26Aug10 – Mr. R Muralidharan_flv_clip4.flv

Enova Systems, Inc. – Enova FY 2010 Annual Financial Report

Enova Systems, Inc. – Enova FY 2010 Annual Financial Report

Spreadbetting for Beginners UK’s No 1

Clark County business calendar

A weekly list of business related classes and events

All About Taxes – 2009 Tax Law Changes

Question: Is State Income Tax Payments deductiable from my federal income tax?

I am new to filing taxes and I live in California.Can I deduct the total amount I have paid in state income tax from the total amount I owe in federal income tax on my tax return?

I am filing as a single person.

Answer: You can’t deduct the total paid in state income tax from what you owe in federal income taxe, but what you can do is you can deduct your state Income Tax Payments on Schedule A itemized deductions on state or sales taxes line 5. You have the choice of taking either. But you have to itemize for the state income taxes to do you any good, and if you itemize and deduct state income taxes, then if you get a refund it’s taxable to you in the next year.

Brown releases plan for Calif. pension changes

(03-31) 18:17 PDT Sacramento, Calif. (AP) — Gov. Jerry Brown released a 12-point proposal to revamp California’s public-employee pensions Thursday, drawing immediate outcry from state workers complaining that it asks…

California controller to suspend tax refunds, welfare checks

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