Affiliate Programs and the New York Nexus Law
Shawn Collins of http://blog.affiliatetip.com discusses how a merchant should deal with the implications of the New York Tax nexus, also known as the Affiliate Tax.
Duration : 0:1:19
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can you turn a joint???
can you turn a sole partnership into a joint venture
Yes. Just update the business license application you filed with the state.
And educate yourself about the implications of changing from sole to joint. For example, tax issues and profit and debt ownership. Also, how if the business goes bust, it could ruin your friendship or if you are profitable you might fight over who gets more.
I have never been able to find anyone I would consider going into business with. I’d rather go solo. I’ve also known people who started solo then turned into a corporation and made their family into board members then the family took over. It was no longer his baby especially after they started making a lot of money. The original owner barely had any say in it any more.
Of course, you are more protected in a corporation in case of lawsuits.
Blah blah blah.,
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Best Affiliate Marketing Program Ever Created ( MLM LEAD SYSTEM PRO HAS A FLAW! )
http://www.mlmprofitmarketingsystem.com – MLM LEAD SYSTEM PRO HAS A FLAW ! Well if you want to find out more about MLM LEAD SYSTEM PRO and what it will and won’t do for your business well then you have come to the right place, dont worry i will not try to recruit you to my business, i just want to help and open your eyes to what a few people are very sceptical about.
DON’T WASTE YOUR TIME AND MONEY IF YOU CANT TAKE RESPONSOBILITY FOR YOUR ACTIONS!
Duration : 0:3:55
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Road to Biodiversity.wmv
Traditional Owners and Law Custodians are threatening legal action to stop the proposed development of the biggest LNG precinct in the world, just north of Broome. Joe Roe, Goolarabooloo and Neil McKenzie from Jabirr Jabirr with representatives from Save the Kimberley traveled to Perth last week to meet with the Browse Basin joint venture partners.
The Kimberley Land Council (KLC) has been representing traditional owners in talks with Woodside and the WA Government over the proposed James Price Point LNG precinct. Over 200 TOs have signed a declaration claiming the KLC has no right to negotiate on their behalf.
Dissident traditional owner Neil McKenzie says he will do whatever it takes to stop the development. “There are a lot of issues that are of concern to us and we will challenge them in whatever way, if it’s legally or whatever other challenge we can find we will use,” he said.
Disgruntled at KLC, WAs Department of State Development and Barnetts modus operandi, the true owners who are opposed met with Browse Basin joint venture partners to inform them that the propaganda continually alleged by both the state and KLC, that this proposal is supported by the traditional people is totally misleading. (This issue is really about Land Rights vs Human Rights and I will elaborate of this topic in the New Year)
There have been several calculated feints, highlighted with theatrical performances like the reprehensible illegal signing of the Heads of Agreement at James Price Point and more recently the signing off on Heritage Protection. Genealogy for this Country is still sitting on the table.
How can anyone legally sign away anything, least of all negotiate a Indigenous Land Use Agreement, whilst the majority is still piecing together their blood connections to Country, dealing with all the regurgitated sorry business that is coming with it and trying to manage the knowledge of it all.
Apparently, all the joint venture partners were generally very surprised to hear that the majority of Indigenous people from this Country do not want this development. It was explained that many people have very strong heritage ties and cultural responsibilities for the maintenance, care and protection of Country.
In the coming New Year we will restate and action our commitment to saving James Price Point for the people and for the planet. We will continue to express our concerns about the highly questionable approval processes being employed and the current negotiations and social and environmental damages assessments that are currently being white washed for publication.
The state government is the proponent for this project; the state government decides which boxes to tick, the state government employs and pays the researchers and consultants to tick the boxes and the state government will approve all the ticks and will forward on, to get that one last big tick from the Minister Garrett.
We are all ticked off!
Duration : 0:4:12
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Does your tax adviser know how to maximize Home-Office Deductions?
If you are a small business owner and use your part of your home for business use, you may deduct home office expenses when you file your tax return. The question you may have is probably: How do I calculate it? What are the method(s) allowed by the IRS? Well, you need to know the IRS rules and have practical tax strategies.
According to the IRS publication: “You can use any reasonable method to determine the business percentage” of your home that you use for business. - IRS Pub. 587, Business Use of Your Home (2009), p. 6.
The publication then lists two commonly used reasonable methods:
1. Gross square footage method: Divide the area used for business by the total area of your home.
2. Number of rooms method: If the rooms in your home are all about the same size, you can divide the number of rooms used for business by the total number of rooms in your home.
But when you look at IRS Form 8829, it shows only the gross-square-footage method as an option. This conflicts with the IRS instructions and its publication.
As a matter of fact, there is a third method commonly known as the net-square-footage method. In your calculation, you probably should consider using this method to maximize your home office deductions.
Now what is net-square-footage method?
The net-square-footage method is used in cost accounting. With this method, you subtract from the gross square footage the footage consumed by: outside walls, hallways, bathrooms, stairways, foyers, water heaters, and the heating and cooling equipment.
The result is your net usable square feet. This method reduces the denominator in your calculations and increases the business percentage.
As promulgated by the Cost Accounting Standards Board and in commercial real estate, the net-square-footage method is commonly used in cost accounting standards.
Government grants and contracts are governed by cost accounting standards. In its cost disclosure statement to the government for its government grants, the University of Delaware uses assignable net square footage to allocate its operations and maintenance pool, which it describes as follows:
Assignable Net Square Footage. This represents the assignable net square footage of each room. The total assignable net square footage of a building is the sum of all assignable net square feet from all rooms in each particular building.
Taking the square footage of each room in total produces the same result as excluding the hallways, bathrooms, etc.
The University of New Hampshire also uses net square footage to allocate its facility service costs. The university defines net square footage as gross square footage minus common areas such as halls, bathrooms, stairways, and foyers.
Following is an example that we can see all the three methods and compare the results. Let’s say this home has four bedrooms, three bathrooms, a kitchen, a dining room, a living room, and a family room (eight rooms—you don’t include the bathrooms).
The outside dimensions of this home measure 2,200 square feet. When you exclude the common areas, you find 1,800 net square feet. Your office occupies a room that measures 250 square feet.
Here’s a comparison of the three methods:
|
Method |
Numerator |
Denominator |
Percentage |
|
Gross square footage |
250 |
2,200 |
11.36% |
|
Number of rooms |
1 |
8 |
12.5% |
|
Net square footage |
250 |
1,800 |
13.88% |
If you just used IRS Form 8829 and simply made the computations using the form for the above home, you would have a 11.36 percent deduction.
In this example, you end up with a 10 percent greater home-office deduction with the number-of-rooms method.
Yet the net-square-footage method would give you greater deductions than both other methods in this example. Compared with the gross method, the net-square-footage method produces a 22 percent increase in the home-office deduction.
The increase means you now deduct 22 percent more of your:
- mortgage interest;
- property taxes;
- utilities;
- insurance;
- rent (if you are renting your home);
- pest control;
- maintenance and repairs; and
- depreciation.
Conclusion:
If you claim a deduction for an office in your home and you would like to increase the size of that deduction, you need to seriously consider both the number-of-rooms and the net-square-footage methods.
The net-square-footage method will always be better than the gross-square-footage method.
The number-of-rooms method can beat the other methods in the right circumstances.
Make sure that you get theoptimum deduction. Do the little calculation that it takes to see the best result.
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My Skin Care Routine for “flawless looking” skin (by Kandee)
http://www.kandeethemakeupartist.blogspot.com Here’s a video response to all the questions about what products I use to clean and take care of my skin…with some bonus skin tips! Smiles, kandee
Duration : 0:6:26
