Posted by taxguru on September 23, 2012
We have a very clear preview of what’s to come for the nation as a whole out on the Left Coast. When the Takers outnumber the Producers, it’s easy to get the votes to steal more money from the Producers, as is happening in the PRC.
Rush Limbaugh covered this in his latest Morning Update.
Posted in Calif, Rush, SoakTheRich, TaxHikes, video | Comments Off on Raising Taxes in the PRC
Posted by taxguru on August 14, 2012
The FTB announced their inflation adjusted tax rates and other tax items for 2012.
Posted in Calif | Comments Off on 2012 Calif Tax Rates
Posted by taxguru on August 13, 2012
Rush’s Morning Update says it fairly well. Anyone stupid enough to vote to raise his/her own taxes in order to support the morons in Sacramento deserves what s/he gets.
Posted in Calif, Rush, TaxHikes, video | Comments Off on Governor MoonBeam Counting On Idiots to raise their own taxes…
Posted by taxguru on August 8, 2012
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| From Blog Pix |
A huge expensive mistake people often make is assuming they can just close up their corporation’s bank account, walk away and that’s the end of it. That’s not enough to satisfy the authorities, especially in the PRC.
Until all of the proper official forms are filed and accepted by the Secretary of State’s office, that entity is technically still alive and has to pay all of the related taxes, including California’s $800 per year minimum tax. Penalties and interest make that balance grow quite quickly.
Even if you’ve left the original state, that’s no security against being pursued for the delinquent taxes and penalties. I have seen plenty of cases where fellow California refugees have been hounded by the FTB in other states, including here in the Ozarks. The FTB aggressively pursues taxes all over the world.
I mention this because there is a good article in the FTB’s latest issue of TaxNews on how to properly wrap up a defunct business:
A Guide to Formally Terminate a Business Entity’s Legal Existence
This article from the previous month’s TaxNews is also very illustrative of the large amounts of money at stake for not properly dissolving a business entity.
Posted in Calif, corp | Comments Off on Formally dissolving a business
Posted by taxguru on August 3, 2012
One of the business and tax strategies I have long helped clients with is shifting all or part of their business income and operations out of the PRC, usually to close-by tax free states, such as Washington, Nevada or Texas. This trend is going to continue to grow, as the morons in Sacramento continue the drive towards bankruptcy.
Here is a great video from Bill Whittle on why smart Calif businesses with a desire to continue in existence are moving out of the state. An immediate free nine percent increase in pay for all of the employees, who won’t have to pay Jerry Brown any more income taxes, is just one of the many benefits.
Posted in Calif, video | Comments Off on Businesses moving from Calif to Texas
Posted by taxguru on May 15, 2012
Jerry Brown’s plea to voters: ‘Please increase taxes temporarily’ – There is no such thing as a temporary tax in the real world that we non-politicians inhabit.
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| From BlogComix2 |
Posted in Calif | Comments Off on Doing business in the PRC…
Posted by taxguru on December 6, 2011
Gov. Jerry Brown implores California voters: Please raise taxes on yourself – In other words, “Hit the road or we will take all of your money.”
Posted in Calif | Comments Off on How to drive even more productive citizens away…
Tax Guru - Ker$tetter Letter 