taxation

Fall in the Florida Keys, with its tourism-based economy, has always been an economic challenge to businesses and residents. The county normally enjoys healthy commerce in winter and spring, and summers have been relatively strong due to the South Florida drive market. But fall historically has been a slow time.  

North Ottawa Weekly/Johnny Quirin Judith Burke purchased her childhood home 6344 East Pontaluna Road after Muskegon County obtained the home through a tax foreclosure. It's a case of déjà vu for one area woman as a unique opportunity allowed her to purchase her childhood home. Judith Burke recently purchased a house, barn, and 5 acres of land at 6344 E. Pontaluna Road from Fruitport Township with the high bid of $25,000.

It's nice to see someone move in this house   -Brian Werschem

 

--Year-end tax planning this year will be different from years past, largely because of the recession. For many taxpayers, the year has meant a job loss, a job with less income or perhaps a home foreclosure. There also have been government stimulus programs that have added to taxpayers' take-home pay or given some home buyers a tax credit.

I also don't advocate starving to death   -James A Smith

 

Mayor Gabriel J. Campana doesn't want a 2010 city budget with a tax increase. His 2009 budget proposal was handed back to him a year ago by council and changed to include a 1-mill real estate tax increase, but a message from the mayor Friday indicates he will try to prevent that from happening a second time. In e-mail message, Campana reported that the "final numbers (were still) being tabulated," but made clear he doesn't want another tax increase.

final numbers (were still) being tabulated   -Gabriel J Campana

 

Tax take from the automobile industry has surged in the first 10 months this year as auto production and sales were booming in the world's largest market. The State Administration of Taxation said Friday value added tax (VAT) paid by the transportation equipment manufacturing industry grew 28.8 percent to 88.6 billion yuan ($13 billion) during the period, and business income tax revenue was 30.7 billion yuan, up 29.6 percent. Meanwhile, automobile acquisition tax revenue increased 6.3 percent to 91.2  

The Bureau of Internal Revenue (BIR) asked on Saturday candidates in next year's national and local elections to start registering as tax withholding agents as the period for filing of certificates of candidacies (CoCs) with the Commission on Elections (Comelec) has begun. BIR Commissioner Joel Tan-Torres issued the reminder as he discussed with newsmen the controversial revenue regulation imposing the five percent withholding tax on political expenses at the Balitaan sa Rembrandt forum. He said the B

We will exhaust all legal remedies before imposing sanctions, including the collection of the usual 25-percent surcharge and 20-percent penalty for late remittance   -Joel Tan Torres

 

Alcohol prices could rise by ten per cent next year because of tax increases, the head of a major brewer has said. Stuart MacFarlane from AB InBev UK, which owns brands including Beck's, Stella and Budweiser, told The Grocer the majority of price rises in 2010 would come from "Government meddling". From January, VAT will go up by 2.5 per cent and in April alcohol duty will go up by two per cent.  

The property tax rate will go up this year due to a drop in the town's property valuation, Assistant Assessor Jean Berthold told selectmen last night. This year, the tax rate will jump to $12.47 from $11.66 per $1,000 of assessed value, she said. Last year, the owner of a home valued at $350,000 would have paid $4,081 in property taxes.  

W e process over 10,000 orders every year. We currently have three retail outlets, two of which are franchised. Are people more comfortable with e-filing of returns?