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John Barclay, Managing Director of Primasia Corporate Services

Hong Kong is one of the world’s leading financial centres. A central hub to international finance and trade in Asia and home to many corporate headquarters in Asia Pacific. The set up of a company in Hong Kong is quick simple and easy.

1. Easy of Set up

A company needs 1 director, 1 share holder and they can be the same person. Your company needs to issue 1 share of 1 HK dollar = 12 US cents. You need a Hong Kong resident as company secretary and a local Hong Kong address as your registered office. You can be fully activated and ready for business in 1 week.

2. Easy of Administration

A simple annual return and a simple tax return 18 months after incorporation is required. The tax return must be supported by auditors and prepared to international accounting standards.

3. Ease of operating a company in HK

Hong Kong offers a simple employee friendly legislation. Companies need a joiner’s form, a leaver’s form and a year end return. People do not need to deduct tax from employees and they will do this individually at the year end. A simple single social security scheme is in place and is called an MPF. The MPF operates at a fixed percentage deduction.

Once you have completed your three easy set-up steps, new business owners will probably need to investigate a viable workspace solution. Servcorp, an international serviced office and virtual office provider has a solution for any new businesses looking to operate in different capacity. Call them today at 852 2251 8388 or visit them at servcorp.com.hk

Colorado’s tax credit for Sierra Nevada raises questions

The governor’s office announced two weeks ago that Sierra Nevada plans to add 200 jobs in Colorado, noting that a new tax-incentive program played a central role in the expansion.

Earned income tax credit effectiveness of design and administration : statement of Jennie S. Stathis, Director, Tax Policy and Administration Issues, … Representatives (SuDoc GA 1.5/2:T-GGD-93-20) …

Tax policy additional information on the Research Tax Credit : statement of Natwar M. Gandhi, Associate Director, Tax Policy and Administration … Representatives (SuDoc GA 1.5/2:T-GGD-95-161) …

Low-income housing tax credit utilization and syndication statement of John M. Ols, Jr., Director, Housing and Community Development Issues, … States Senate (SuDoc GA 1.5/2:T-RCED-90-73) …

Mass Film Office Executive Director Nicholas Paleologos

Question: How does the federal adoption tax credit work with international adoption?

I know that we would need to spend the 11,000 or so in adoption expenses in order to get that matched in credit, but how does the tax credit actually work? If we fill out our taxes and we are getting a refund of say $500, do we get the credit on top of that or do we have to owe money in order to receive any of the credit?

Answer: For international adoption, you can only take the adoption credit if the adoption was finalized in 2006.

The adoption credit is a non-refundable credit. This means the credit can reduce your tax liability down to $0. But if a tax payer don’t owe any taxes, the adoption credit will not give the tax payer more money back. So if you are getting $500 refund because you overpay taxes, then you will get more money with adoption credit. If you are getting $500 because you are claiming Earned Income Credit, then adoption credit may not add to the amount of your refund.

See instruction for form 8839 http://www.irs.gov/instructions/i8839/ch01.html#d0e22

Best wishes.

2009: A year in review

Concerns about the H1N1 virus, accidents, tragedies, the weather, changes in three county sheriffs, a cold case arrest, controversies, passage of a Shawnee school bond and stories of compassion for dogs were among the topics making local news headlines in 2009.

TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH…

Solar Water Heating Pilot Program (SWHPP)

Getting proper auto insurance for a rental car is a process full of uncertainty and more than a little confusion. Should I get insurance from the rental company? Am I covered if I use my credit card to rent the car? Does my auto insurance policy cover rented vehicles? All of these are questions that come to mind when thinking about obtaining auto insurance for a rental car.

The first step you should take before renting a car is to check on your existing auto insurance coverage and with your credit card companies to find out what type of rental auto insurance you already have in place. This can be done before you ever rent a car so you enter the process with some background knowledge.

If you are renting a car for pleasure and not business, most likely the coverage and deductibles you have with auto insurance on your car will apply to the rental. If you have comprehensive auto insurance your rental car will have the highest level of coverage, but if you have dropped comprehensive or collision auto insurance on your car remember the rental won’t be covered in case of theft or an accident. Also check with your auto insurance provider for any riders it might offer that might be less expensive than buying auto insurance through the rental company.

Rental car insurance offered by your credit card is going to vary widely depending on the type of card, the issuer and even the bank that provides your credit card. Typically any coverage provided by your credit card will involve damage or loss to the rental, but will exclude your personal belongings, personal liability, other cars and other’s property. You should check with each credit card you carry to find out which one offers the most secondary coverage for rental car insurance.

Once you rent a car and you know where you are covered through your personal auto insurance and credit cards, you will have the option to add coverage through the car rental service. These options include: loss damage waiver, liability insurance, personal accident insurance, and personal effects insurance.

Fitch Rates Kentucky SPBC’s $13MM Project 73 Road Fund Refunding Revs ‘AA-’

NEW YORK—-Fitch Ratings has assigned an ‘AA-’ rating to the Kentucky State Property and Buildings Commission’s approximately $13.3 million road fund revenue refunding bonds, Project No. 73 .

TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH…

Lynnwood For Rent – MARION, IA

Question: Why shouldn’t tire pressure be part of an energy policy?

It wouldn’t be the first public service announcement to become a policy. For example of past good advice to become policy:

“Buy a more efficient water heater and save money and gas”

Government now offers 300 dollar tax credits for people who buy a tankless water heater since they are the best.

“Add more insulation to your house to save on the heating bill.”

There have been many different government programs to reward business and residential that do this.

The government could require car manufactures to add a tire pressure sensor to every car. The technology is there. So why shouldn’t tire pressure and similar topics be considered a part of an energy policy discussion?
ATJ in order for Obama’s tire pressure remark to be true only a quarter of the vehicles on the road would have to have lower pressure.

http://www.politifact.com/truth-o-meter/statements/608/

Answer: Absolutely! The best way to solve the energy crisis is not the government doing some grand fix, it is everyone doing a little something.

If everyone drives a little less, makes sure tire pressure is where it should be, keeps their vehicle maintained, turns off one light, replaces a inefficient incandescent bulb with a compact florescent bulb and a million other little things, the US will use less oil and prices will go down.

If 100 Million people save only 1 ounce of fuel a day, that is 781,000 gallons per day.

Senator fears program, tax credit cuts loom to balance budget

Iowa Sen. Randy Feenstra predicts the $1.1 billion budget deficit is the most important issue legislators will face come January. “There’s going to have to be a lot of decisions made on how to either cut programs or cut tax credits to make a balanced budget,” Feenstra said.

Bush Supports Vehicle Tax Credits.: An article from: Fuel Cell Technology News $5.95 This digital document is an article from Fuel Cell Technology News, published by Business Communications Company, Inc. on June 1, 2001. The length of the article is 840 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.Cit…

Extra tax credits for education, energy available.(Business): An article from: The Register-Guard (Eugene, OR) $9.95 This digital document is an article from The Register-Guard (Eugene, OR), published by The Register Guard on March 21, 2010. The length of the article is 489 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Extra tax credits for edu…

An investment tax credit for investing in new technology: a survey of California firms.: An article from: Engineering Economist $5.95 This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on June 22, 1997. The length of the article is 2702 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 brows…

TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH…

NGN Daily: Oregon’s BETC Program

Question: Why does the US still not have Universal Health Care?

As a Canadian, I’ve always taken it for granted that if I’m sick or injured, my government will pay for my medical costs without me having to ever get out my cheque book or credit card (with the exception of prescriptions and some speciality services like chiropractic care). I see Health Care as a HUMAN RIGHT, not an option, and can’t understand why more Americans aren’t up in arms that their government wastes so much money on aggressive military acts yet neglects the health of its people so drastically.
Yes, we pay higher taxes in Canada. However, I would have to pay more than that in private insurance premiums if I lived in the US. Why aren’t more Americans demanding that the governemtn provide universal health care, free of charge?

Answer: There’s a good question! The first American president to propose a national health care system was U. S. Grant back in the 1870′s. Almost every administration since then has come up with one scheme or another but none has ever made it through congress. I do know the AMA’s (American Medical Association) membership is violently against any such thing as is the American Bar Association. It would appear that, since these two groups by themselves compose most of the wealth of the nation, they are the ones calling the shots and the rest of us should lay down and die quietly without making too much of a mess.

2009 a busy year for local students

The Portage la Prairie School Division has seen many changes and dealt with many challenges over the last year, as well as accepted accolades and honours. The year 2009 began with a bitter cold snap in January.[...]

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