Posts Tagged ‘Jobs Credits’

California and Federal Tax Refunds Overlooked by Many

Monday, March 1st, 2010

In today’s challenging economic period, business owners are looking for every way to reduce costs and increase cash flow and profits.

We continue to see businesses and their CPAs overlook extremely valuable tax breaks, including:

- Federal and State Hiring Credits ($500 to $15,000 per employee)

http://www.blakechristian.com/hiring_tax_credits.html

http://www.blakechristian.com/california_tax_incentives.html

- Federal and State Eco/ Energy/ Green Credits (10% to 50%)

http://www.blakechristian.com/energy_tax_credits.html

- Use of Interest Charge DISCs for Export Sales

http://www.alliantgroup.com/_ag/index.cfm/our-services/export-incentives/interest-charge-domestic-international-sales-corporation-ic-disc1/

- Evaluation of Compensation Structure Options to Minimize After-Tax Cash Outflows.  This includes taking advantage of the lucrative and flexible qualified retirement plan rules.

http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2008/CorpTax/Compensation.jsp

http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2007/CorpTax/Services.jsp

- Re-Evaluating Legal Structure of Business Operations to Minimize Taxes

http://www.taxguideonline.com/hcvt/

There is still time to claim many of these tax benefits on your 2009 tax returns. 

www.blakechristian.com

For Daily Tax and Economic Updates, please follow me on Twitter:

http://twitter.com/taxcredits_CPA

 

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2011 U.S. Budget – $1.6 Trillion Deficit

Monday, February 1st, 2010

Obama’s 2011 Budget Proposal – Winners and Losers

The Departments of Education and Energy will be applauding the President’s budget proposal since they might see increases of 16% and 6.8%, respectively.

On the other hand, the petroleum industry, NASA and those pesky taxpayers making more than $250,000 will be less enamoured with the 2011 budget.

The debate will likely be heated over the coming months as the final budget is hammered out in Congress as fiscal accountability takes center-stage.

For more details, please see the article links below:

Office of Budget and Management – The Facts With a Little Less Spin:  

http://www.whitehouse.gov/omb/

Reuters’ Analysis: http://www.reuters.com/article/idUSTRE60U00220100131

Heritage Foundation Analysis: http://blog.heritage.org/2010/02/01/morning-bell-the-obama-budget-higher-taxes-higher-spending-and-more-debt/

An Analysis From the U.K/ Financial Times -

http://www.ft.com/cms/s/0/e538dfd4-0e98-11df-bd79-00144feabdc0.html

 

For daily updates, please follow me on Twitter @:

http://twitter.com/taxcredits_CPA

 

Thank you