The Cowboys will host the Detroit Lions on November 21st and then host the Super Bowl champion New Orleans Saints on Thanksgiving Day in another huge sportsbook match-up. Dallas will continue the toughest portion of their 2010 NFL schedule with a game at the AFC champion Indianapolis Colts on December 5th. The schedule's stretch run begins on December 12th with a Sunday Night game against Philadelphia, in a playoff rematch from last year....more
Panama as an Offshore Company Tax Haven There is no tax on income earned outside Panama. This rule applies to both personal and corporate income. Panama is also known for its strong maritime business and good privacy laws. Political stability is also recognized as good. As banking and shipping are Panama's two main ‘offshore' industries there is a good selection of banks to choose from (more than 140). Panamanian bank accounts...more
Even if someone is self employed, there are just so many tax implications which he will need to consider so that he stays on the correct side of the law. To be safe, it is more convenient to get a tax accountant to do all the calculations and advisory services that need to be done when a business is supposed to pay income taxes. Furthermore, legal concerns are not the only concerns but there are benefits which many people forego because they do not recognize that these benefits exist. Some benefits which an Orange County CPA will help a business enjoy are rebates and other claimable sums which people who do not know about tax will not bother to follow up.Take some initiative and contact a reputable tax accountant Orange County and let an expert be the one examining all the relevant documents to immediately put the business on the right path. Remember, the tax accountants have the required expertise to deal with a business of any size. Someone does not worry about how simple or diverse the business operations involved are. It does not matter how much money is spent in paying for the services of an Irvine CPA because all the money spent on this process can anyway be claimed as an...more
Author: Richard A. ChapoAs we celebrate leaving 2009 behind, we necessarily turn towards 2010 and start considering what the future holds. For instance, what does the year hold on the tax front? 2009 was a unique year when it came to personal finance because of the unheard of tax relief given to taxpayers. There were obvious government efforts like...more
Author: ChintamaniCertain forms of equity compensation provided to employees require tax withholding. Many types can be offered to non-employees, such as board members or consultants, as well as to employees. Withholding for employees is required when you are issued vested stock or when previously unvested stock vests. Withholding is also required when you exercise a non-qualified stock option like an Incentive Stock Option (ISO). The problem you face when acquiring equity compensation that requires withholding, is that the IRS wants that withholding in cash, even though you are not being compensated in cash. Some companies attempt to help employees in this situation by offering a cash bonus or appreciation right along with your equity compensation. The problem here is that the IRS is going to look at the cash bonus or appreciate right as income, and tax it accordingly, as well. Tax experts refer to this situation as grossing up the payment. Most companies expect you to pay the withholding on any equity compensation and to pay them the cash to give to the IRS. You might have to write a check, make a withdrawal from savings, or even take out a loan against the value of...more
An individual holding an Incentive Stock Option to acquire his employer's stock, and considering taking advantage of this fall's run-up in the price of that stock, needs to be planning for the potential Alternative Minimum Tax impact. Time is...more
My favorite thing to do on a Sunday Morning is to sit down with a cup of coffee and study the NFL lines. Nothing gets my juices (or coffee) going more. Its almost like NFL lines have some sort of magnetic pull on me, like theyre secretly saying, Come...more
Just like the past years, predictions based on analysis on the past performances of the National Football League participating teams are being released everywhere to serve as a good reference not only for the football enthusiasts, but...more
The Carolina Panthers visit Tampa Bay in a November 14th divisional rematch before the Bucs travel to San Francisco to meet the 49ers on November 21st. A brutally tough game at the Baltimore Ravens is set for November 28th as Tampa Bay should be a...more
Author: Thomas QuinlinSo you want to know how to save on taxes? I understand how you feel. In fact, it's been my mission for years to help my clients and myself save on taxes. Read on to find out how to pay as little as legally possible. The reason...more
Author: Jasika LotakiFor most of the people, income tax preparation is a stressful task, but it is not if you choose to do your taxes online using free tax software program. Just follow the step-by-step instructions and supply the tax related...more