Hi, Website Visitor. Here are your Articles for October 1, 2008.
Rea & Associates, Inc. Announcements
Ohio Department of Taxation Issues Information Release Regarding Mandatory E-Filing for Sales Tax Vendors
The Ohio legislature enacted House Bill 562 in June, which directs the Tax Commissioner to prescribe a means for sales tax vendors to submit their returns electronically beginning in 2009. As explained in the information release, the schedule for the adoption of this requirement by affected taxpayers is as follows.
Now that it's autumn, many business owners are thinking ahead to year-end issues. Besides the numbers and year-end planning, one of the many things that might be on your mind is the holidays. Being the generous business owner that you are, you might be thinking about how you are going to reward your employees for all their hard work in 2008. The only thing that exceeds your generosity is your business sense, therefore you want to figure out how to be generous yet be able to fully deduct any gifts or parties you might give to your employees. The good news is that you can fully deduct these expenses if they are handled correctly.
October 15 Deadline Nears: Don't Let Stimulus Payment Pass You By
The Oct. 15 deadline to file a 2007 income tax return and to receive an economic stimulus payment this year is fast approaching. This is the deadline for the estimated 4.3 million retirees and disabled veterans who may be eligible to receive a stimulus payment but who normally don't file a tax return. It's also the deadline for the approximately 10 million people who earlier this year received extensions to file their 2007 income tax return.
Permission to Play: Developing a Creative Workforce
'Rinse and repeat': The first shampoo manufacturer to add these three little words to the label doubled the company's global sales overnight. The first matchstick manufacturer to put a strip of sandpaper on the side of the box became a multi-millionaire. There's likely to be at least one big idea among your workforce but just how do you find them?
We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.
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