Franchise Deductibles
July 3rd, 2009
Question: what is Michael’s deductible mileage?
Michael is the city sales manager for “Chick-Stick,” a national fast food franchise. Every working day, Michael drives his car as follows:
Miles
Home to office
20
Office to Chick-Stick No. 1
15
Chick-Stick No. 1 to No. 2
18
Chick-Stick No. 2 to No. 3
14
Chick-Stick No. 3 to home
30
Michael’s deductible mileage is:
.
Answer: Mileage travelling to/from home is not deductible, so 15+14+18 is the answer. In the real world, Michael would add an additional trip of #3 to Office then office to home, thereby gaining an additional 10-miles deductible.
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Franchise costs, including goodwill, deductible.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on December 1, 1992. The length of the article is 1271 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier:… |
The first years of the 21st century for Minnesota business were bumpier than most,
ending with the worst unemployment in a generation, record
Commercial Buildings Tax Deduction
July 2nd, 2009
Question: query reg deductions of property tax with regard to service tax on rental income on commercial property?
Dear Sir / madam,
As per the new service tax law, service tax is liable on rental income on commercial buildings,
1. if the tenent refused to pay the service tax on rent, is there any rules in the service tax, where we can ask the tenent to pay the service tax by himself ?
2. Whether property tax is deductable from the rent and then for the balance, do we have to calculate the service tax ?
or can we deduct the property tax from the service tax payable to the department ?
awaiting your clarifications in this regard
thanks and regards
S.Guruprasad
Answer: As far as I know :
1. Service tax must be paid by tenant to the landlord. He can’t refuse to pay. You can’t ask tenant to pay the service tax to the govt. You must pay it.
2. No, property tax is not deductible from the rent. You have to pay service tax on full amount of rent.
3.You can’t deduct property tax from the amount of service tax before paying it to the govt.
If your are putting new tenant in your premises, you can bifurcate it in two parts 1) rent for the property & 2)other services. But expert opinion must be sought in this regard.
If the tenantable property is co-owned my more persons, each one can give diff. receipt and may come out of clutches of the service tax. But be carefull and take proper consultation.
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Energy savings modeling and inspection guidelines for commercial building federal tax deductions $19.98 Original publisher: Golden, Colo.: National Renewable Energy Laboratory, [2007]. OCLC Number: (OCoLC)141246626 Subject: Architecture and energy conservation. Excerpt: … HVAC and SHW or fully qualifying properties, which must also meet the mandatory requirements according to the requirements of Section 4.1 of Standard 90.1-2001. 3. Document systems in the Proposed Building model that are not … |
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An enduring international partnership: the Sudan-American Foundation for Education, Inc. (SAFE) and the AHFAD University for Women (AUW).: An article from: Ahfad Journal $5.95 This digital document is an article from Ahfad Journal, published by Thomson Gale on December 1, 2004. The length of the article is 4558 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: An enduring … |
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Energy-efficient commercial building deduction.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by Thomson Gale on April 1, 2006. The length of the article is 1011 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Energy-effici… |
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C5 Building Education Fund – 101 Manns Rd West Gosford
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Tags: 179d, efficiency, energy efficient commercial buildings tax deduction, green, lighting, tax | 
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Tax Deduction For Pets Bill
July 2nd, 2009
Many of us have pets in our homes and they give us a tremendous amount of pleasure. Cats and dogs can very often become like one of the family and it is because of this that they deserve to be taken great care of. It is very important that, if they should become poorly or injured, they are given the best treatment possible. That is why it is such a good idea to take out a pet insurance policy. It can actually take surprisingly little to run up a huge bill at the vets. It isn’t just the treatment that needs to be paid for; the medicines are not exactly on the cheap side either…
When an animal needs to be taken to the vet it can soon become a very expensive business. Just about everyone has heard a horror story that involves an enormous bill from a veterinary surgeon. If you have pet insurance then this can give you great peace of mind. If you do need to take a trip to the ‘dog doctor’ you are not going to have to worry about whether you are going to be able to foot the bill or not.
If you have a cat or a dog and you are a responsible owner, you are going to want what is best for your pet. To be honest, having dog or cat insurance is very much a part of that responsibility. If you are looking after an animal then it is an unfortunate fact of life that it will, at some point or another, require medical attention. How can I be certain of this? Quite easily, it is because animals are just like ourselves; and when we need to see a doctor it wouldn’t be very nice if it was sometimes just not possible because of the cost.
Cat or dog insurance is just like any other. When you want to take out a policy for your car or your home it is fairly common knowledge that you can save money by ringing around. Insurance for pets will also vary in price from one company to another and it is advisable that you get a few different quotes. These days there really is no excuse for not doing this. The internet if brimming over with price comparison websites and you can get to know what many of the larger pet insurance companies will charge you within minutes.
There is also another good reason for getting your quotes online… Many companies offering pet insurance will give you a better price if you get in touch with them over the internet than they would if you rang them up.
So, do the right thing and get a quote. We all love our pets and, if they are so special to us, it is our duty to make sure they are cared for properly in every way necessary. They may not be able to thank us for it but if they could I’m sure they would do.
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Volunteers/Donations Needed, 10/24
Retired/Senior volunteer program RSVP (Retired and Senior Volunteer Program) of Jefferson County, a program sponsored by Seniors’ Resource Center, supports 75 nonprofit organizations in Arvada, Wheat Ridge, Lakewood, Golden, and Littleton, all of whom need volunteers.
2 things that ticked me off this morning
Standard Deduction 2009 Single
July 1st, 2009
Released in June 2009, the Nokia N97 has a sleek and smooth look and features bound to rock any pocket. It’s 5 megapixel camera trumps most phones out on the market, and the N97′s basic features are up to the industry standard. There’s not only the basic GPS, browser, and messaging, but also video and photo editing, document viewing, voice control, music and video players, and a radio function, something rare in a phone. Surprisingly, Nokia released the N97 without a carrier partner, unlike the Apple iPhone and AT&T partnership. As such, the customers will be paying $699 for the phone and extra for a carrier plan.
Unlocking the Nokia N97 simply takes out the restrictions programmed into the phone by the carrier. If you buy the phone through AT&T, they will first lock up your phone and only allow it to be used on the AT&T network. However, if you want to get pass this, you will want to get an unlocked Nokia N97. Mostly, you’ll be saving a TON of cash if you unlock it, because it’s known that many networks tend to bind customers to expensive plans. The unlocking process takes about three minutes. You can learn how to unlock the Nokia N97 by a simple search online.
The Nokia N97 is seen to be a direct rival to the iPhone, and it’s quite easy to see how that happens. The N97 camera already beats out the Apple counterpart; 5 megapixels to the N97, 3 megapixels to the iPhone 3GS. While Apple struggled to deal with the video and “upgraded” camera part during its 3G stages, Nokia released the N97 with every single camera feature that the 3GS has, autofocus and all. Something very nice to see is the battery life that the N97 has. You can’t go wrong with 400 plus hours of standby, up to 9.5 hours of talk time, and 40 hours of music playback. The 3GS falls 100 hours short in standby, and 10 hours short in music.
Available only in a 32 gig option (might as well take it), the Nokia N97 costs around $700, and that’s without any service plan. Pricey, but this phone is seriously one of the closest to beating the iPhone in its own game, and if you can unlock it, you will save a few bucks on the carrier plan. The features, like the 3.5 inch touchscreen display, combined are simply the aces of Nokia’s Nseries. Get the N97 if you want a clean phone with features that rival the best of the best; in the end, the prices match up pretty well and it comes down to preference at the final tally.
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How To Calculate Student Loan Payments Under New Obama Plan
This income-based repayment calculator can estimate student loan payments.
Deductible Gift Recipients List
July 1st, 2009
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Neither snow nor ice stops Madison volunteers from rounds
MADISON – Despite icy conditions that closed many major roadways, Madison Eagle Christmas Fund volunteers were delighted to make their special deliveries to this year’s group of recipients on Sunday, Dec. 13, still a comfortable distance away from the real Santa’s gift run.