Author Archives: Jaya A. Naiken

About Jaya A. Naiken

Jaya Naiken graduated with a Bachelor of Science degree in Accounting from California State University Sacramento and a Master in Business Administration from Indiana Wesleyan University. He attained his Certified Estate Planner designation in 2010. He is a licensed CPA in Indiana and inactive in Montana.

October Reminders

Fall is around the corner! It’s time for sweater weather, football, and Halloween! But before getting ready to indulge in haunted houses, hot chocolate, and corn mazes, don’t forget some of these important reminders! As shareholder-employees of your S corporation, … Continue reading

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JUNE 15 ESTIMATED TAX DUE REMINDER

I hope all of you had a great Memorial Day weekend. My wife and I spent a day at the Indianapolis Speedway and took in a few events that lead up to the “Greatest Spectacular Auto Race Event”. Now on … Continue reading

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Are You Expecting Your Taxes to Be Higher

 Now that the mid term elections have passed, our hope is that Congress may go back and retroactively reinstate some of the expired tax deductions from 2013.  Nevertheless, there is still time before December 31, to reduce your tax bill. … Continue reading

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Soon it’s going to be Labor day and as a result some key housekeeping tax duties will follow.

On or before September 15, 2014, 3rd quarter estimated tax payments are due for the self employed and for individuals who received income that has not had any withholding taxes. Examples of such income would include rent, interest, dividends, profits from … Continue reading

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Have you thought about how your assets would pass upon your death?

  Frequently I am asked by clients should I have a will, trust or both.  As an estate planner my answer is “it depends”. The Will is a legal document that contains your instructions for disposing your assets upon your … Continue reading

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Amended Returns

Northside neighbohood Indianapolis/Carmel professional CPA firm located near Nora Plaza and the Monon Trail. If you need to amend your tax returns after you e-filed or mailed the tax return due to an error, missed deduction, credit or a revised tax reporting … Continue reading

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THE ROAD AHEAD

We had taken a sabbatical from publishing our monthly news letter for the last two months as most of you understood we were busy with the 2011 tax filing season. As we wind down and gear up for 2012, we … Continue reading

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Mileage rates for 2011 as you organize your tax documents

Purpose Rates 1/1 through 6/30/11    Rates 7/1 through 12/31/11  Business 51 55.5   Medical/Moving     19 23.5 Charitable 14 14

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It’s NFL playoff time…..so start organizing those tax receipts

  I trust all of you had a wonderful Xmas and a pleasant New Year.  My family and I spent the holidays with friends and family and spent many hours tracing the family tree. The neat part was we were … Continue reading

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New Form 8949 to Report Capital Gains & Losses

For 2011, you may need to report stock sales and other capital gain transactions on a new IRS Form 8949. The totals from the new form 8949 then flows to Schedule D of your tax return. Are you confused, then call Jaya … Continue reading

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