Off-Balance Sheet Assets Can Benefit Buyers and Sellers of Businesses

August 28th, 2010

Unlike Enron’s technique of hiding liabilities in shell entities, some business owners simply overlook valuable assets that can be secured with very little effort in most cases.

These overlooked assets often come in the form of unclaimed tax refunds associated with various federal and state tax incentive programs.  These programs range from:

- Research & Development Credits

- Federal and State Hiring Credits

-Eco/”Green” Tax Credits

- Sales and Use Tax Credits and Exemptions

- Property Tax Refunds/ Exemptions

Current business owners, or buyer’s of these businesses, can obtain a significant economic advantage by documenting these refunds and working them into there business plan, exit strategy, or factor them into their acquisition strategy.

To read all the details, please click on the following link:

http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2010/CorpTax/M_and_A_Transactions_Enhanced.jsp

 

For full access to all of my AICPA articles, please click here:

http://www.cpa2biz.com/search/results.jsp?N=79&mode=content

 

To obtain daily tax and economic updates, please follow me on Twitter @:

www.twitter.com/taxcredits_cpa

 

www.blakechristian.com

Obama Must Break His Campaign Tax Promise

August 9th, 2010

Due to increasing deficits, a languishing economy and horrendous unemployment rates, some experts are saying that President Obama has little choice to break his promise of not increasing taxes on the middle class.

For an interesting analysis by Financial Times’ columnist Clive Cook, please read the following article:

http://www.ft.com/cms/s/0/cffa56fa-9d97-11df-a37c-00144feab49a.html

 

Read more Clive Cook U.S. tax policy analysis:

http://www.ft.com/cms/s/0/1b4c44d8-a32e-11df-8cf4-00144feabdc0.html

For weekly tax updates, sign up to follow me at:

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Federal Reserve Promotes California Hiring Tax Credit and Loan Programs

July 31st, 2010

Federal Reserve Board of San Francisco Promotes California Enterprise Zones.

Empowered Banking and the Federal Reserve Board recently sponsored a banking and business seminar to inform bankers, business owners and consultants about the power of the California Enterprise Zone in stimulating job creation, capital investment and bank loans.

To read how employers can secure hiring credits up to $37,000 per qualified employee, generate equipment credits ranging from 10% ot 30% and secure lower rate loans, please click on the PowerPoint link below: 

http://www.empoweredbanking.com/2010/Events/FederalReserveEvent

 

To read more about the wide variety of state and federal hiring credit programs available for virtually any business, click on the article links below:

Accounting Today Hiring Credit Article:

http://www.webcpa.com/ato_issues/24_9/will-work-for-tax-breaks-54829-1.html

CCH Tax Figures Profile:

http://newsletters.cchgroup.com/node/265

 

For weekly tax and financial updates, please bookmark and follow me on:

www.blakechristian.com

www.twitter.com/taxcredits_cpa

Government Tightens The Screws On Business

July 31st, 2010

There are over 60 federal agencies with over 130,000 employees and combined budgets of over $20 billion.  So don’t be surprised to hear: “I’m from the federal government and I’m here to talk about your business”.

 To read about the federal government’s most recent moves to force business compliance with employment, immigration, tax and other regulated areas, click the link below:

http://www.cpa2biz.com/Content/media/newsletters/Corporate_Tax_Insider/corptaxinsider100624.jsp

To read a variety of tax planning articles, please click on the link below:

http://www.cpa2biz.com/search/results.jsp?Ntt=blake+christian&Ntk=C2BSearch&Ntx=mode+matchallpartial&N=0&Nty=1&Ns=P_UpdatedDate|1

 

To receive weekly tax and financial updates, please bookmark me at:  www.blakechristian.com and follow me on twitter at: www.twitter.com/taxcredits_cpa

Smart Grid and Quick Charge Critical for Electric Vehicle Infrastructure

June 20th, 2010

Financial Time (U.K.) analyzes the continuing hurdles in building the U.S. infrastructure:  

http://www.ft.com/cms/s/0/e2b1d566-75ba-11df-86c4-00144feabdc0.html

Press-Telegram (LB, CA) discusses quick charge breakthrough and political efforts for California infrastructure:

http://www.presstelegram.com/news/ci_15330285

 

With all the talk of shifting U.S. drivers to “cleaner” electric and other alternative fuel vehicles, we may still be a decade away from a significant shift to plug-in electrics. 

The added cost of electric vehicles and the need for local, regional and national infrastructure to get the driving public comfortable with the current “range axiety” that is a constant worry for drivers with normal battery driving range of 40-80 miles.

Other issues include standardizing the plug-in units and the length of time to fully charge the battery.  While technology is working on “quick-charge” processes, current charging times can be as long as 8 hours, which means the plug-in charging stations must be positioned must differently than gasoline stations.  For example – malls, business complexes, and in residential units.

The final issue being debated is whether the electric alternative significantly reduces the carbon footprint of electric car owners after factoring in the manufacturing process, replacement and disposal of dirty batteries, the continuing need for large and less-than-clean electric power plants, and the need to dispose of old cars and manufacture new ones.

Technology advancements are clearly being made….but time will tell…..

June 14th, 2010

Solar/ Eco Credit Presentation to the Long Beach Sustainability Taskforce  June 14, 2010.

PowerPoint presentation is available in Media Library.

Please email me at: blakec@hcvt.com if the PowerPoint is not accessible.

Also check out my Twitter Page:  www.twitter.com/taxcredits_cpa for more eco-credit information and weekly tax and economic updates.

Ongoing U.S. Economic Challenges May Cause Muni Bond Chaos

June 4th, 2010

 

Warren Buffet Turns Sour on Muni Bonds.  Thanks to Massive Underfunded Pensions, Dwindling Revenues and Inability to Raise Taxes – State and Local Agencies Are in for a Rough Ride.  Over $14 Billion of Muni Bond Defaults in 2008 and 2009.  This may be just the tip of the iceberg.

http://www.moneynews.com/StreetTalk/warren-Buffett-Municipal-Debt/2010/06/03/id/360924?s=al&promo_code=A01D-1

 

U.S. Unemployment Continues to Challenge Recovery.  Census Workers Cannot Cure the Problem (WSJ).

http://online.wsj.com/article/SB10001424052748704764404575286263535019280.html?mod=djemalertNEWS

 

Long-Term U.S. Problems Continue (The Economist) -

http://finance.yahoo.com/tech-ticker/%22longer-term-issues-for-america-are-really-really-serious%22-bishop-says-498808.html?tickers=%5Edji,%5Egspc,tlt,tbt,euo,man&sec=topStories&pos=9&asset=&ccode=

Eco-Tax Credit Webinar – Wed. June 16, 9:00-11:00 a.m. – Everything You Need to Know About Federal and State Tax Incentives

May 31st, 2010

http://www.cpelink.com/product/detail.php?p=1757

Going Green: Federal and State Eco-Credits and The Regulatory Landscape 

Date: Wednesday, June 16, 2010
Instructor: Blake Christian, Nancy Pfeffer

Begin Time:  9:00 am Pacific Time
10:00 am Mountain Time
11:00 am Central Time
12:00 pm Eastern Time
CPE Credit:  2 hours for CPAs

Who Should Attend
CPA/ practitioners and private industry accounting or tax personnel who are looking to establish a solid knowledge base of ways to reduce the after-tax cost of going green. These overlooked benefits can distinguish your CPA practice or your department’s contribution to the bottom line of the business owner.

Topics Covered

  • Federal and state environmental regulatory landscape
  • Tax credits available for truck and automobile fleets
  • Tax credits/ deductions available for alternate fueling stations
  • Tax credits available bio-mass, alternative fuel production, alternative energy, including solar, wind, co-generation, etc.
  • Impact of grants and credits on depreciable basis
  • LEED-certified building deductions
  • State incentive overview, including equipment credits and hiring credits
  • Grant opportunities
  • Case examples of incentive programs
  • Additional articles on this and other tax topics can be accessed at: www.lakechristian.com or www.twitter.com/taxcredits_cpa.

     

    HIRE Act and Other Hiring Incentives. California Long-Term Unemployed Doubles. Tax Credit Programs Offer Workers and Employers Solid Incentives For Job Expansion.

    May 31st, 2010

    California Long-Term Unemployed doubles to 880,000 over the past year.  Over 40% of the unemployed have been out of work over 27 weeks. 

    http://www.sacbee.com/2010/05/30/2786659/nearly-880000-californians-are.html#mi_rss=Top%20Stories

    There are also a variety of state and federal tax credits available for employers who hire unemployed workers, including certain recent graduates, veterans and other economically disadvantaged employees:

    http://www.accountingweb.com/topic/education-careers/unemployed-can-use-tax-laws-secure-job

    Read how to maximize the immediate 6.2% Social Security tax holiday and the $1,000 hiring tax credit for hiring the unemployed. http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2010/CorpTax/HIREAct2010.jsp

    For a full library of related articles, log onto: www.blakechristian.com or www.twitter.com/taxcredits_cpa.

    Healthcare Tax Timeline – AICPA Corporate Taxation Insider Newsletter

    April 29th, 2010

    The following article details the various tax and penalty aspects (including effective dates for the multiple tax provisions) and health insurance mandates under the 2010 Patient Protection and Affordable Care Act (P.L. 111-148) and the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152) [together the Healthcare Bill]:

     

    http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2010/CorpTax/New_Healthcare_Act.jsp

     

    For daily tax and financial updates, please follow me at:

    http://twitter.com/taxcredits_CPA