Start your own business

1% customs duty for U.S. imports

John Vanhara — Tue, 11 May 2010 01:17:10 +0000

Anyone looking for importing products to the U.S.A. and having to pay only 1% customs duty? Please contact as we might be able to offer such option through economic development program.

Applies to raw materials and component parts used in industrial and manufacturing processing.

Want to invest or buy tax credits

John Vanhara — Sat, 08 May 2010 04:54:26 +0000

We are looking for projects which generates tax credits.

For example low income housing projects. If you are looking for investor or need to sell tax credits please contact us.

Info@eastbiz.com

Capital gain tax increase

John Vanhara — Tue, 13 Apr 2010 16:42:24 +0000

Time to do some planning about capital gain tax.

On January 1, 2011, the capital gain tax reduction that was signed into law by President Bush under the Tax Increase Prevention and Reconciliation Act will “sunset.” The tax rate will revert from the current 15 percent rate back to the former 20 percent capital gain tax rate that was in effect prior to 2003.

HIRE Act – W-11 Payroll Exemption

John Vanhara — Mon, 12 Apr 2010 23:46:25 +0000

Do you need to set up employees according the new HIRE Act (W-11 payroll exemption)?

If you are using our payroll system we can do it for you or you can follow the instructions:

To comply with the HIRE Act, you may mark an eligible employee exempt for employer Social Security contribution in the payroll account. To mark the exemption for an eligible employee:

1. Click Employees from the top navigational bar.
2. Click the employees name.
3. Click Edit in the ‘Taxes & Exemptions’ section.
4. Click Edit in the Exemptions section.
5. Check the box for HIRE Act exemption.
6. Click Save.

Wyoming Annual Report Filings

Natasha Waite — Tue, 23 Feb 2010 17:58:03 +0000

Wyoming does have an Annual Report. They do require a list of officers and do have state tax, which is all inclusive on their annual report.

The Annual Report License Tax is $50 or two-tenths of one mill on the dollar ($.0002) whichever is greater based on the company’s assets located and employed in the state of Wyoming.

So, if you don’t have any assets or employees in the state of Wyoming the annual fee is $50.

If you would like us to file the annual report for you, we charge $15 over the state fee.

Need office space in California?

John Vanhara — Sun, 14 Feb 2010 00:17:26 +0000

We have about 2,000 sq. feet of office space available in very nice office building.

Location: City of Torrance. Click here for the exact location.

Great place for international companies or startups trying to open a branch in California. We can help with many other things (our office is on the right, the available space on the left). The building is owned by Eastbiz Corporation.

Contact: info@eastbiz.com

Exempt filing for Nevada State Licensing

Claire Reid — Thu, 11 Feb 2010 22:50:41 +0000

You can file an exemption for the Nevada State License, but you MUST use an exemption code or the State will reject the annual filing, which may increase the filing fee. If you do not qualify for one of the exemption codes the Nevada State Licensing fee is $200.00

The exemption codes are: 001 – A government entity

002 – Nonprofit organization

003 – Home Base business whose net earning is less than $16,500 annually

005 – Primary Business is to create motion pictures

Google Caffeine SEO Strategy

Natasha Waite — Wed, 03 Feb 2010 17:29:28 +0000

I may be just a little behind, but I just started reading on the new Google Caffeine. It appears that it was supposed to be released shortly after the holidays, but hasn’t yet.

What I have seen so far is that it will be faster and the searches will be more relevant.

As with any new product that is rolled out there are many articles on how this product can benefit your company. In reading some of these articles, I just wanted to post something for the SEO strategy, as we all know how important placement is. Attached is an article regarding ranking on the new Google Caffeine search engine when it is launched.

Ranking with Google Caffeine

1099-MISC filing 50 contractors for $50

John Vanhara — Tue, 26 Jan 2010 07:15:44 +0000

We can help you with 1099-MISC filings. Provide us a list of your contractors (name, address, EIN or SSN and amount to report). Include your company information (name, address, EIN). Include check or $50 credit card payment and we will file 1099 for you.

Important 1099-MISC Filing Deadlines

Due Dates	Action Item
February 1, 2010	Last day to provide 1099-MISC forms to recipients.
March 31, 2010	Last day to electronically file 1099-MISC forms with the IRS.

If you do need to file 1099-MISC forms, then we can help. Our 1099-MISC E-File service walks you through the entire process. It supports reporting for rents (box 1), independent contractors (box 7), and attorney’s fees (box 14)

Filing corporate tax return with no reported income

John Vanhara — Sun, 24 Jan 2010 23:30:57 +0000

Question: Where do I file corporate tax return if my Nevada corporation doesn’t have any income?

If you have a C corporation (regular corp.) you can fill out 1120 IRS form for federal taxes. Nevada doesn’t have any state taxes therefore you don’t have to worry about state tax return.

Form 1120: http://www.irs.gov/pub/irs-pdf/f1120.pdf

Instructions:
http://www.irs.gov/pub/irs-pdf/i1120.pdf