Every wonder if the trip you are taking can be classified as business trip for tax purposes? Want to know what expenses can be deducted? What meals can be deducted? Difference between deductions for travel in the U.S.A. and international trips.
For example decuctions for meals:
- Actual cost 50% limit
- Standard meal allowance. Per diem rates.
Check the IRS publication 463 for full information.
Popularity: 1% [?]
Great news for international customers starting corporations in the U.S.A.
International clients wanting to get an EIN can call IRS at this number 1-215-516-6999, and get an EIN right over the phone, without having to wait for an ITIN.
Popularity: 1% [?]
I don’t know if it is my bad luck, but I have troubles again on Chase website.
Suddenly all credit cards for my employees don’t have spending limit assigned. I know for sure that I set up different spending limits. They just disappeared.
When trying to set it up it gives me: UNABLE TO COMPLETE TRANSACTION
It doesn’t matter what amount I put there. Always the same message. Even more frustrating is to call Chase customer support and trying to explain it to someone. I called three times. First time they just start talking to me in Spanish. The next time someone spoke English with heavy Spanish accent. I had hard time to understand. Then they transferred me few times around and finally I got a busy tone. Someone just hung up.
Popularity: 2% [?]
Thanks Rochelle,
You and your people have been a pleasure to deal with.
Our company is finally profitable and a lot is happening. I
hope you will continue your tradition of excellent support
with us.
Regards, Ross Mayfield, President
Popularity: 5% [?]
If you are a small business owner, you may have wondered how to
increase your market share. One strategy is by becoming certified by
the federal government as an SBA 8a company qualified to bid on large
contracts. This program helps small business owners get organized to
compete on contracts as a prime or subcontractor.
For the complete article go to link below
http://ezinearticles.com/?Now-is-the-Time-to-Get-SBA-8a-Certified&id=1710178
Popularity: 5% [?]
Bill Summary
The Transparency and Law Enforcement Assistance Act would:
Beneficial Ownership Information. Require the States to obtain a list of the beneficial owners of each corporation or LLC formed under their laws, ensure this information is updated annually, and provide the information to civil or criminal law enforcement upon receipt of a subpoena or summons.
Non-U.S. Beneficial Owners. Require corporations and LLCs with non-U.S. beneficial owners to provide a certification from an in-state formation agent that the agent has verified the identity of those owners.
Penalties for False Information. Establish civil and criminal penalties under federal law for persons who knowingly provide false beneficial ownership information or intentionally fail to provide required beneficial ownership information to a State.
Exemptions. Provide exemptions for certain corporations, including publicly traded corporations and the corporations and LLCs they form, since the Securities and Exchange Commission already oversees them; and corporations which a State has determined, with concurrence from the Homeland Security and Justice Departments, should be exempt because requiring beneficial ownership information from them would not serve the public interest or assist law enforcement.
Funding. Authorize States to use an existing DHS grant program, and authorize DHS to use already appropriated funds, to meet the requirements of this Act.
State Compliance Report. Clarify that nothing in the Act authorizes DHS to withhold funds from a State for failing to comply with the beneficial ownership requirements. Require a GAO report by 2013 identifying which States are not in compliance so that a future Congress can determine at that time what steps to take.
Transition Period. Give the States until October 2012 to require beneficial ownership information for the corporations and LLCs formed under their laws.
Anti-Money Laundering Rule. Require the Treasury Secretary to issue a rule requiring formation agents to establish anti-money laundering programs to ensure they are not forming U.S. corporations or other entities for criminals or other suspect persons.
GAO Study. Require GAO to complete a study of State beneficial ownership information requirements for domestic partnerships and trusts.
Popularity: 5% [?]