Mikey P
Administrator
Look at all this free grade A crap!
Hey Marty, eat your heart out buddy!
- Thread starter Mikey P
- Start date
Brian R
Member
Somebody move this thread will ya?
hogjowl
Idiot™
How much of that CARPET CLEANING related crap is worth a crap?
Brian R
Member
:wink:admiralclean said:
Doug Cox
Supportive Member
Mikey fails to tell us he has to BLOW some guy occasionally.
Mikey P
Administrator
Some of those small bottles of sealer and color seal will generate many thousands of profit each.
The mop handle is worth $5.99
The mop handle is worth $5.99
Brian R
Member
Damn if you got that stuff for free, you really made out.
Mikey P
Administrator
yeah, but I got a $1200 LLC bill for MB due.
Brian R
Member
I thought LLC's were a standard $800.00 a year?
Mikey P
Administrator
Arnold is out to screw the LLCers twice.
it's actually $1600 this year.
it's actually $1600 this year.
Mikey P
Administrator
You're gonna get two bills this year.
Mikey P
Administrator
Nothing to tell, the State will be sending LLC owners two bills this year for $800 each.
Bend over and smell the sunshine!
Bend over and smell the sunshine!
Mikey P
Administrator
ESTATE & TAX PLANNING
New laws will affect estimates, LLC taxes
STATE BUDGET SEEKS CASH FROM BUSINESSES WITH ACCELERATED PAYMENTS
Monday, January 12, 2009
BY JENNA V. LOCEFF
BUSINESS JOURNAL STAFF REPORTER
# Estate-tax audits by IRS may increase
# Short sale debt forgiveness tax break ends in 2010
# Volunteers gear up to help low-income tax ?lers
# Accounting: IRA and estate tax changes, stimulus plan to give breaks
# Guest Contributor: ‘Zero-tax’ trust, loans alternatives to gifting
# Accounting: Seminars focus on investing, for retirement, estate planning
# Commentary: Deferring compensation not as simple as it sounds
# Commentary: Even if just 2 or 3 years old, trusts need to be reviewed
# IRA charitbale rule extended for people over 70-1/2
# Congress ?xes Alternative Minimum Tax one more time
NORTH BAY – When Governor Arnold Schwarzenegger signed the 2008-2009 California budget in September of last year, some changes to legislation were made that will affect how businesses will file taxes this year.
When looking into tax planning this year, California business owners should be aware the increased percentage of estimated taxes due for the first two quarters of 2009 as well as a double hit to Limited Liability Companies in terms of payments of their gross receipt tax.
Prior to this legislation, individuals and corporations that make estimated tax payments did so on a quarterly basis, paying 25 percent of their estimated yearly tax at the end of each quarter. In 2009, however, 30 percent of estimated tax will be due for the first two quarters and the remaining 40 percent will be due in 20 percent payments at the end of the third and fourth quarters.
“It is one way to get more money to
the government up front,” said Chris Paris, a senior manager for Burr Pilger Mayer, an accounting firm in Santa Rosa. With the budgetary problems California is having, it is necessary for as much revenue to come in as soon as possible. In November of last year, the legislature estimated the budget deficit would grow to $42 billion over the next 18 months.
Legislation also changed to help California’s fiscal problems with an adjustment for LLCs regarding their gross receipts tax.
Previously, the gross receipt tax has been due April 15 of the year following fiscal years ending Dec. 31.
So a company would file its taxes for the previous year on April 15.
To create an infusion of cash into the California budget, this is changing for 2009.
As usual, on April 15 of this year an LLC will owe the gross receipt tax for 2008. But this year, companies will also be liable for their estimated gross receipt tax for 2009 on June 15 instead of April 15 of next year.
This means that within two months qualifying companies will have to pay both their 2008 and 2009 gross receipt taxes. There will not be a separate filing requirement. When a company’s CPA calculates the gross receipt tax for 2008, they can assume the amount will be similar to that of 2009, and the client can simply write a check and send it in by June 15, according to Mr. Paris.
“It would really only have an impact if the client is not informed about this,” Mr. Paris said. “This is going to be an inconvenience but not the end of the world for these companies.”
New laws will affect estimates, LLC taxes
STATE BUDGET SEEKS CASH FROM BUSINESSES WITH ACCELERATED PAYMENTS
Monday, January 12, 2009
BY JENNA V. LOCEFF
BUSINESS JOURNAL STAFF REPORTER
# Estate-tax audits by IRS may increase
# Short sale debt forgiveness tax break ends in 2010
# Volunteers gear up to help low-income tax ?lers
# Accounting: IRA and estate tax changes, stimulus plan to give breaks
# Guest Contributor: ‘Zero-tax’ trust, loans alternatives to gifting
# Accounting: Seminars focus on investing, for retirement, estate planning
# Commentary: Deferring compensation not as simple as it sounds
# Commentary: Even if just 2 or 3 years old, trusts need to be reviewed
# IRA charitbale rule extended for people over 70-1/2
# Congress ?xes Alternative Minimum Tax one more time
NORTH BAY – When Governor Arnold Schwarzenegger signed the 2008-2009 California budget in September of last year, some changes to legislation were made that will affect how businesses will file taxes this year.
When looking into tax planning this year, California business owners should be aware the increased percentage of estimated taxes due for the first two quarters of 2009 as well as a double hit to Limited Liability Companies in terms of payments of their gross receipt tax.
Prior to this legislation, individuals and corporations that make estimated tax payments did so on a quarterly basis, paying 25 percent of their estimated yearly tax at the end of each quarter. In 2009, however, 30 percent of estimated tax will be due for the first two quarters and the remaining 40 percent will be due in 20 percent payments at the end of the third and fourth quarters.
“It is one way to get more money to
the government up front,” said Chris Paris, a senior manager for Burr Pilger Mayer, an accounting firm in Santa Rosa. With the budgetary problems California is having, it is necessary for as much revenue to come in as soon as possible. In November of last year, the legislature estimated the budget deficit would grow to $42 billion over the next 18 months.
Legislation also changed to help California’s fiscal problems with an adjustment for LLCs regarding their gross receipts tax.
Previously, the gross receipt tax has been due April 15 of the year following fiscal years ending Dec. 31.
So a company would file its taxes for the previous year on April 15.
To create an infusion of cash into the California budget, this is changing for 2009.
As usual, on April 15 of this year an LLC will owe the gross receipt tax for 2008. But this year, companies will also be liable for their estimated gross receipt tax for 2009 on June 15 instead of April 15 of next year.
This means that within two months qualifying companies will have to pay both their 2008 and 2009 gross receipt taxes. There will not be a separate filing requirement. When a company’s CPA calculates the gross receipt tax for 2008, they can assume the amount will be similar to that of 2009, and the client can simply write a check and send it in by June 15, according to Mr. Paris.
“It would really only have an impact if the client is not informed about this,” Mr. Paris said. “This is going to be an inconvenience but not the end of the world for these companies.”
hogjowl
Idiot™
Man ... Alabama is looking better and better.
I was complaining about a $110.00 a year "privilage" tax last week.
I was complaining about a $110.00 a year "privilage" tax last week.
vincent
Member
$20 here, 
Well you have to PAY for all the FREE services that the ILLEGALS use.
FREE medical
FREE schooling
FREE use of roads
FREE welfare for their "Born in America" children
But please take the Catholic church and all of HollYweird stance that they need our help.
They take jobs americans don't want.They are poor and innocent.
NOW WE ALL HAVE TO PAY THE PIPER.
FREE medical
FREE schooling
FREE use of roads
FREE welfare for their "Born in America" children
But please take the Catholic church and all of HollYweird stance that they need our help.
They take jobs americans don't want.They are poor and innocent.
NOW WE ALL HAVE TO PAY THE PIPER.
Aaron Richards
Member
- Joined
- Feb 26, 2008
- Messages
- 237
:shock:Mikey P said:
It's only $25 here in Michigan.
TimP
Member
- Joined
- May 19, 2007
- Messages
- 4,055
It's around 80 for my s corporation renewal.
G
Guest
Guest
Amen! I think I need to moveWalrus said:
Lora Olson
Member
- Joined
- Mar 5, 2007
- Messages
- 432
Doug,
LLCs are only $20 in Utah!
LLCs are only $20 in Utah!
well....i should have said it was for my corp tax...
i was still in shock that it was a min of $1600 for them....
why in the hell is cali in trouble??? they gots like 20 million more people pay 200% more for shit???
Arnold needs to do some terminating of some things....
i was still in shock that it was a min of $1600 for them....
why in the hell is cali in trouble??? they gots like 20 million more people pay 200% more for shit???
Arnold needs to do some terminating of some things....
Lora Olson
Member
- Joined
- Mar 5, 2007
- Messages
- 432
well, he could start with getting rid of a few million illegals sending MOST of their money to Mexico...
and then he could provide government forms/services in ONE language, and not pay for translating thousands of forms...
and then he could stop taxing business so heavily so people would actually want to own a business in Cali...
and that's just for starters. Don't get me started!
and then he could provide government forms/services in ONE language, and not pay for translating thousands of forms...
and then he could stop taxing business so heavily so people would actually want to own a business in Cali...
and that's just for starters. Don't get me started!
hogjowl
Idiot™
Lora:
That is YOU, isn't it. Not that big mouthed husband of yours?
Why did you marry that jerk?
Did he get you drunk?
That is YOU, isn't it. Not that big mouthed husband of yours?
Why did you marry that jerk?
Did he get you drunk?
