Shaolin City to come with a big bang in Kotputli, Rajasthan

PRLog (Press Release) - Sep 02, 2011 - We have decided to launch the Shaolin City in Tehesil Kotputli, Rajasthan in a big way.The doctrine of Shaolin is a way of life. It teaches and preaches to be mentally strong and physically fit. The various subjects of Shaolin revolve around this objective. Today’s world moves heavily around expenditures and revenues, we have converted the Brand Shaolin into a viable business model which has two main arms:

•   The Shaolin Experience Club, which is offers Chi Fan Dian – the Chinese Restaurant; a Tea Lounge; a Souvenir Shop, a Spa & Healing Centre, a Sports and Fashion Apparel Shop and an Event Division to organize world renowned Kung Fu Shows.

•   The Shaolin Knowledge Center, a sacred place where our highly trained teachers will impart training on human aspects such as – self defence, meditation, stress management and leading life in the most disciplined way.

SHAOLIN EXPERIENCE CLUB:
Shaolin Experience Club is a Theme Centre & a Cultural Milieu which carries out the 2000 year old world famous and globally established concept of The Shaolin Philosophy in its fold. It literally mesmerizes the people and brings them into the world which they have never seen and experienced.

SHAOLIN KNOWLEDGE CENTER:
Over the years the Shaolin Knowledge has grown into a well-recognized centre of philosophy, history, mathematics, martial arts and poetry. We offer training and education in different forms aimed at an all round development of an individual.      Knowledge of Shaolin is all about life science focused on development of an individual’s persona through enlightenment of mind, body and soul. The Shaolin ways preach through philosophy of “Enlightenment through action”.  We offer a series of programs for all sections of the society covering children & youth, men & women, old & young and specially designed programs for the corporate world.

For a real experience, please wait for the launch.

Media Officer
Shaolin Enterprises
info@shaolinent.in

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Qualify for Government Refund for Research & Development Expenditures

PRLog (Press Release) - Aug 31, 2011 - Are you getting a refund for work you do every day? You may be eligible to have part of your Research and Development costs covered by the government, but you have to document them correctly. Bald Chicken Software has developed ATLAS R+D, the easiest way to track all of your R+D hours in just minutes a day. ATLAS R+D features the ability to output data to reports that are needed in order to claim federal and state tax benefits.  ATLAS R+D is a simple, powerful way to track all of your Research and Development hours without spending weeks at the end of the year looking back to estimate the cost of R+D to your company.  ATLAS R+D tracks projects as they occur to leave out the guesswork.

The IRS has recently noted that the R+D Tax Exemptions will be at a higher risk for audit. It has become more important than ever to track and keep accurate records of all projects and hours related to research and development projects.  It was this change in policy that urged Bald Chicken Software to create ATLAS R+D to simplify the process of tracking while still recording the fine details of R+D projects for tax filing purposes. Differentiating between qualified projects and unqualified projects can be difficult.  That's why ATLAS R+D walks you through the qualification process. All of your hours that are eligible for credit can be tracked and noted for end of year tax filings.

Increased usability and affordability was the goal of Bald Chicken when designing ATLAS R+D.  Users have total control over how to track their projects so that the largest corporation and the smallest business can use ATLAS R+D to its fullest potential.  With no recurring fees, ATLAS R+D is a one-time cost with long lasting benefits.  To learn more about ATLAS R+D and download the software, visit www.baldchicken.com

Bald Chicken Software LLC is an independent software design company focused on increasing productivity and profitability for its customers.

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Could HMRC stop you from buying a house?

PRLog (Press Release) - Sep 05, 2011 - The Mortgage Verification Scheme comes into force today meaning that mortgage lenders could pass on details of applicants to HMRC for additional checking.

If the income details supplied on a mortgage application don’t match their tax return then a lengthy tax investigation is likely to ensue.

The Council of Mortgage Lenders is working in conjunction with the Building Societies Association and HMRC and has said the scheme “will help HMRC to risk assess whether the information it has been given on applicants’ tax affairs is correct”.

The scheme was initially mentioned in last year’s Budget and has been launched with the aim of combating mortgage fraud.

This is a widespread problem as some potential buyers do overstate their income in order to borrow more money and buy their dream properties.

This can involve forged payslips being produced and is more common amongst those with more complex financial affairs and less regular incomes.

Although the main intention of the scheme is to weed out those trying to defraud the mortgage lenders, a spokesperson for the Council of Mortgage Lenders has said that a pilot of the scheme has “worked both ways”.

“There are people whose mortgages have been approved because of the checks – they can make lenders more confident” the spokesperson added.

The Mortgage Verification Scheme, which at the moment is voluntary, is supposed to be used only in cases where lenders “reasonably suspect” that mortgage fraud is taking place.

And with a cost of just £14 plus VAT to refer the applicants to HMRC, it seems to be a good deal if it does stop money being lent to homeowners fraudulently.

Kevin Kinsella of KinsellaTax Investigations says:

“It’s about time something like this happened. So many people borrowed money to buy houses when they couldn’t really afford to repay the mortgages. If only they knew the whole lot was going to collapse like a pack of cards in next to no time.

“We’ve seen the result of the banks lending money to people who simply turned up with a letter from ABC Limited saying they earned x number of pounds when in fact they didn’t earn anything of the sort and they were granted mortgages.

“At the end of the day most of those mortgages/properties were repossessed so yes I think it’s about time something like this happened because wholesale fraud was committed in connection with the property purchase business.”

Colin Barclay, Assistant Director of HMRC’s Risk and Intelligence Service, said:

“HMRC are determined to tackle fraud wherever we can.”

The Mortgage Verification Scheme is an unprecedented opportunity for HMRC and lenders to work together to combat tax fraud in the mortgage industry.”

However, if your application is deemed to be suspect you will be forced to wait whilst the mortgage company carries out additional checks and then you will have to wait for HMRC to carry out their own tests.

Now, although HMRC are said they have set up a dedicated unit to deal with the Mortgage Verification Scheme checks, HMRC are hardly known for their brilliant organisational skills and efficiency.

So could these simple checks lead to you losing out on your dream home whilst mortgage lenders wait for HMRC to confirm details?

However, if you apply for a mortgage and your details are sent off to HMRC to be checked and discrepancies are flagged, the least of your worries would be losing out on the property.

If HMRC find inconsistencies between stated income in your mortgage application and your stated income on your Self-Assessment tax return then there are big problems ahead.

HMRC are likely to then launch a full blown investigation into your tax affairs.

If HMRC find you have failed to declare part of your income to lower your tax bill or produced false invoices this is Tax Fraud.

You should never go through a Tax Fraud investigation without strong, reliable representation against HMRC.

KinsellaTax Investigations are experts in dealing with Tax Fraud enquiries and HMRC investigations.

The stress and worry that an HMRC enquiry brings to your door is astronomical and can have extreme effects on your everyday life and personal and family relationships.

If you have been suspected of serious Tax Fraud, don’t put it off any longer. Call us now on 0800 999 9980 and speak to one of our tax enquiry experts.

KinsellaTax Investigations are experts in dealing with Tax Fraud enquiries and HMRC investigations.

If you have been suspected of serious Tax Fraud, don’t put it off any longer. Call us now on 0800 999 9980 and speak to one of our tax enquiry experts.

KinsellaTax Investigations staff consists of ex-HM Inspector of Taxes and ex-HM Custom and Excise Officers, fully experienced in HMRC investigations.

Tax investigation service resolving HMRC investigations and disclosures. Our tax investigation team can provide you support in every aspect of an investigation.

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Rainmaker Marketing Strategies Yield 20% Annual Growth Rates For Practitioners Who Use Them

PRLog (Press Release) - Aug 31, 2011 - Atlanta, GA – August 31, 2011 – The most recent study from Secrets of Marketing Accounting, conducted through an online poll, reveals that 41% of small local accountants are experiencing annual growth rates of less than 5%. Discussion of these results during the weekly webinar, held from 3 to 4 PM Eastern Time, revealed that accountants fall into four basic groups when it comes to marketing. Not surprisingly, the marketing group that an accountant falls into correlates well with the annual growth rate he or she experiences.

For the 41% of accountants that had a growth rate of less than 5%, most admitted to struggling on a daily basis to retain clients. At least half of them also indicated that their primary means of marketing were direct mail and media advertising. Unfortunately, these methods are considered “dated” by practitioners in the higher annual growth groups.

In the second group there was a lack of focus in marketing methodology. Most of these individuals responded that they were using “a lot of different” marketing techniques to “get referrals.” These techniques seem to work moderately, creating annual growth rates between 5 and 10%, but better results can be achieved.

In the third group, with rates of growth between 10 and 20%, most of them were experiencing growth because of economic conditions in their geographic area. As licensed professionals, most were finding success with traditional mail marketing to clients requiring representation to the IRS. These accountants were also able to increase fees in this category of clients as a result of demand. There is nothing wrong with capitalizing on environmental variables, but it should be done with a clear marketing plan so that growth can be sustained.

The last group, which posts annual growth rates of 20% and up, was divided into two categories. The first category was new startups. They experienced high rates of growth, but moderate numeric growth. Basically, the large percentage growth is a result of low initial client count. It is the second half of this last group that is most interesting.

Accountants in established practices who still post 20% annual growth rates are an excellent example to the other groups. These practitioners indicated that they use multiple “Rainmaker” marketing methods taught at Secrets of Marketing Accounting Services, including public speaking, getting published (articles, blogs, pamphlets, etc.), and creating newsworthy press announcements. These accountants experience growth as a result of offering enhanced services to additional clients as well as from bringing on new clients.

The lesson here is that marketing has to be focused, measureable, and absolutely must use proven methods.  As Kirk Ward points out, “The methods at Secrets of Marketing Accounting Services have been tested and retested. Accountants who have put these methods into practice show growth year after year. The latest study is more confirmation that success can be achieved through the disciplined application of our strategies.” It’s pretty hard to argue with solid results, which is why accountants who have tried these Rainmaker methods never go back to “traditional” marketing styles.

About Secrets of Marketing Accounting Services:
Secrets of Marketing Accounting Services is the premier source of marketing tools and materials for small and growing accounting practitioners, providing a variety of pre-written and private label resources that practitioners can use in growing their practice.

For more information, visit http://secrets-of-marketing-accounting-services.com or call the Secrets of Marketing Accounting Services office at (563) 265-1491.

Contact Information:
Press Contact:
Kirk Ward
Secrets of Marketing Accounting Services
kirk@secrets-of-marketing-accounting-services.com
Atlanta, GA
(706) 698-5475

The Secrets of Marketing Accounting Services (http://secrets-of-marketing-accounting-services.com) is a membership site that provides startup and expanding bookkeepers, accountants and financial consultants with tools and materials for expanding and growing their professional practice.

You can see an example of their promotional materials at the "Bean Counter's Cookbook" (http://beancounterscookbook.com/)

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University property - A way to generate returns and save income tax

PRLog (Press Release) - Sep 01, 2011 - According to accountancy firm Saffery Champness, based in Clifton, investing in residential accommodation for their children whilst they are students could allow parents to minimise Income Tax, generate capital growth, and pay their kids an allowance in a tax-efficient manner.

Richard Cartwright, partner in the Bristol office of Saffery Champness explains:

“The recession and continued uncertainty in the economic environment have placed unprecedented pressure on parents whose children will be starting university in 2011. Pay freezes and falls in asset values may mean that parents have less disposable income to fund a child’s studies, and the introduction of the 50% tax rate has been a further slap in the face for many.

“Correctly structured, an investment in residential property in a university town can do much to alleviate these pressures. Parents should consider purchasing a house and gifting 1% of the ownership of the property to their child. They can then enter into a partnership agreement allocating their child 100% of the profits stemming from letting the property. This income, which can be used to pay for fees and subsistence, will be assessed on the child. As the child is unlikely to have significant other earnings, this will result in zero or minimal tax.

“Any capital gains made on the property will also be assessed under the Capital Gains Tax regime, resulting in a maximum tax rate of 28%. If the money were invested in an income generating product, it could be taxed at a rate of up to 50%.”

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AICPA Appoints McGladrey’s Bob Adams to IRS Practice & Procedures Committee

PRLog (Press Release) - Sep 01, 2011 - WASHINGTON, DC – (September 1, 2011) – Bob Adams, managing director – Washington National Tax for RSM McGladrey, one of the country’s leading providers of tax and consulting services under the McGladrey brand (http://www.mcgladrey.com), was recently appointed by the American Institute of Certified Public Accountants (AICPA) as a member of the Internal Revenue Service (IRS) Practice & Procedures Committee for the 2011-2012 volunteer service year beginning in October.

The IRS Practices and Procedures Committee acts as the AICPA’s primary liaison with the IRS to improve the current tax administration system for the benefit of members, clients, the public and the government through ongoing communications and information sharing with the IRS, monitoring of relevant legislative and regulatory developments, reviewing of tax forms and recommending improvements and by developing products and services to assist members.

“At RSM McGladrey, we understand the importance of truly understanding (http://mcgladrey.com/News-Releases/RSM-McGladrey-and-McG ...) – our clients and the industry,” said Neal Weber, managing director-in-charge – Washington National Tax for RSM McGladrey. “Bob has more than 40 years of tax and regulatory experience, so he understands the complexities that CPAs face every day. We are confident that his appointment to this important committee will result in true value for the AICPA’s 377,000 members, while simultaneously strengthening the ‘gateway of connectivity’ for our clients with policy makers influencing the tax world.”

“It is an honor to be appointed to the IRS Practice & Procedures Committee,” said Adams. “I’m looking forward to contributing to the profession in this new role, while learning from industry experts from across the nation.”  

Adams joined RSM McGladrey in November 2010 after spending nine years with the IRS, the last five in Washington, D.C. where he served as senior advisor to the Commissioner and Deputy Commissioners of the Large Business and International division (formerly Large and Mid-Size Business division).  Before that, he was senior industry advisor to the Director of Heavy Manufacturing & Transportation. He has also held a number of leadership positions for various national and international corporations.

Adams holds a J.D. from Tulane University and a B.S.B.A. in accounting from the University of Louisiana, Lafayette, where he graduated Cum Laude. He is a frequent speaker at tax conferences, as well as domestic and international tax seminars.

About the AIPCA
The American Institute of Certified Public Accountants (AICPA) is the world’s largest association representing the accounting profession, with 377,000 members in 138 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting; membership is also available to accounting students and CPB candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.

About McGladrey
McGladrey is the brand under which RSM McGladrey, Inc. and McGladrey & Pullen, LLP serve clients’ business needs. Together, they rank as the fifth-largest U.S. provider of assurance, tax and consulting services, with 7,000 professionals and associates in more than 80 offices. The two firms operate as separate legal entities in an alternative practice structure. McGladrey & Pullen is a licensed CPA firm that provides assurance services. RSM McGladrey is a leading professional services firm providing tax and consulting services. Both firms are members of RSM International, the sixth-largest global network of independent accounting, tax and consulting firms. For more information, visit the McGladrey website at www.mcgladrey.com, join our Facebook fan page at McGladrey News (http://facebook.com/McGladreyNews) and/or follow us on Twitter @ McGladrey (http://www.twitter.com/mcgladrey).

McGladrey is the brand under which RSM McGladrey Inc., and McGladrey & Pullen LLP serve clients’ business needs. Together, they rank as the fifth largest U.S. provider of assurance, tax and consulting services, with 7,000 professionals and associates.

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PayServ and Essenture Partnership Saves You Time, Money, and Resources

Now it's easier than ever to outsource and automate your payroll and get customizable supplemental insurance benefits for your employees in one place! PayServ Systems offers customizable payroll features and benefits that save you time & money.

PRLog (Press Release) - Sep 02, 2011 - Sarasota, FL, 06-22-2011 — Nationally recognized premier payroll service provider PayServ Systems, announces a strategic partnership with stellar supplemental benefit provider, Essenture.
PayServ’s CEO Todd Saylor explains.  “PayServ Systems follows a business model of best serving our customers through product customization.  We study their exact needs and customize a payroll/benefits package for a perfect fit.  They don’t pay for anything they don’t need, but they get everything they want.  That’s unique in payroll outsourcing.  The best part is, they can add any of our other services whenever the time is right and each product is fully integrated with our payroll system.  Our business model is 100% customer oriented and that’s what gives us the edge over the competition.”  
“At the same time, we’re always looking for ways that we can better serve our customers and we hit a home run with Essenture.  Essenture has the same philosophy we do.  Customize solutions for your customers so they get exactly what they want.  They don’t pay for anything they don’t need and they’re taking care of their number one asset, their employees, all the while saving time, money, and resources.”
“Now you can outsource and automate your payroll and get customizable supplemental insurance benefits for your employees all through PayServ Systems.  Our customers have learned to trust us, because we’re there for them, always.  They know when we partner with another company; they can trust that company as well.  Trust, customer service, and a dedication to ever improving our services to better serve our customers.  That’s the PayServ way.”
For more information on how PayServ Systems can help you customize and streamline your payroll processing while saving time, money, and resources, call us at 877.804.3286. or visit us online: www.PayServSystems.com
For additional information or a sample copy, please contact:
Rique Clapp
PayServ Systems
(260) 624-3200
service@payservsystems.com
Visit http://www.payservsystems.com then call and ask about our special discounted pricing.
# # # PayServ offers a customizable suite of payroll admin services. With our cutting-edge, fully integrated payroll system you decide which services best fit your needs. As you grow, we're right there with you offering additional "plug-and-play" systems
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