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Jaya Naiken's Accounting Blog
- October Reminders: Fall is around the corner! It’s time for sweater weather, football, and Hal...
- JUNE 15 ESTIMATED TAX DUE REMINDER: I hope all of you had a great Memorial Day weekend. My wife and I spent a d...
- Are You Expecting Your Taxes to Be Higher: Now that the mid term elections have passed, our hope is that Congress may...
- 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 b...
- Amended Returns: Northside neighbohood Indianapolis/Carmel professional CPA firm located nea...
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Category Archives: Ask Jaya
IRS Announces 2012 Standard Mileage Rates, Most Rates Are the Same as in July
IR-2011-116, Dec. 9, 2011 WASHINGTON — The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. … Continue reading
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Last Minute Business and Individual Tax Planning Tips
Welcome! We are down to a month before the New Year kicks in. If you have not taken the time to analyze the tax planning opportunities all is not lost. You still have a few days remaining in December. As … Continue reading
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Business use of car – tax savings idea
When you use your personal car for your your job or business, you may be eligible for a tax deduction. First you have to determine the method you are eligible to use, either the standard mileage rate or the actual … Continue reading
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Senate Unites To Pass Jobs Bill To Aid Veterans
Here is snippets of the bill which the Senate approved on November 10, 2011: Tax credits of up to $9,600 for companies hiring disabled veterans. New tax credits of up to $5,600 for employers hiring veterans who have been out of … Continue reading
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What Property Can Be Depreciated
Often my clients ask me, what property can be depreciated. Here are some basic rules to use to evaluate on how to decide. You can depreciate property if it meets the following requirements: It must be property you own The property … Continue reading
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Jaya A. Naiken CPA on he move…..!
2011 is almost over. In the last 6 months Jaya’s business has made a gradual transition and relocated offices. I have incorporated my business name to Jaya A. Naiken CPA, LLC. My existing company, AJS Consulting, Inc. will now predominately … Continue reading
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Accountable Plan for Reimbursing Employees
By adopting certain IRS code sections, the reimbursements made to your employees for travel and entertainment expenses will not be considered additional compensation. This will save the company employment taxes such as FICA, FUTA and unemployment. For employees this arrangment … Continue reading
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To amend or not to amend your tax return
You should file an amended return if your filing status, your dependents, your total income or your deductions or credits were reported incorrectly. In some cases, you do not need to amend your tax return. The IRS usually corrects math … Continue reading
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Foreign Income Exclusion Tax Break
Some of you inquired about the foreign earned income tax rules. The rules are very complex, but in this article I have listed a few points to keep in mind as you go through that process with yor accountant tax advisor. 1. … Continue reading
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Are You Considering A New CPA – see my offer
If you are a potential client, why wait until the last minute to get your tax information in order. Call me today to take advantage of my offer for a free initial consultation. I will be happy to evaluate your tax … Continue reading
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