Compliance in the property businesses is essential.
Generally, one of the reasons why new clients would come to a recommended small business accounting firm like ours in Chicago, would be un-filed income tax returns and compliance issues. the problem with small businesses being behind in filing income taxes, is by no means a new phenomenon. the so called Tax Gap has existed in this country since before the formation of the Internal Revenue Service itself. there have always been those businesses who did whatever was necessary to remain in compliance and those who Herre Nike Air Max 270 Elemental Guld Sort Danmark , for whatever reason, did not.
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This Income Tax Gap is currently, conservatively estimated at $300 Billion annually in lost federal tax revenues.
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There has been an enormous amount of press in recent years devoted to this problem. I’m sure that we have all heard the stories of individuals and business owners who haven’t filed an income tax return in the past twenty or so years. Many ask a reasonable question like, “How is this possible?”
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I asked this same question to an IRS Agent that I met at a continuing education seminar many years ago. If I may paraphrase Dame Nike Air Max 270 Lyserød Hvid Danmark , this is generally the answer that was given. Lets say that a person hasn’t filed an income tax return for the past two years. Before the IRS sends out letters asking for the returns to be filed, they will look at the results of the past few years that were filed. If those years resulted in a large refund, then the IRS is not going to send out a letter asking them to file the returns. The IRS, again this is generally what the IRS Agent told me Nike Air Max 97 OG Sølv Bullet Danmark , would rather not refund the money. they would rather hold onto the refund. So…
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A couple of years ago, under intense pressure from various sources, the IRS instituted a new program to get taxpayers back into compliance. the AUR or Automated Underreporter System is designed to utilize information provided by third parties such as banks to automatically send out either CP2000 notices which propose an additional tax due, or simply select businesses or individuals for audit. This process is designed to select approximately 30% of the AUR inventory in any given tax year. Approximately 16 million tax submissions annually are tagged as AUR cases. In 2008 Herre Nike Air Max 97 OG GS Rød Danmark , the IRS collected $4.7 billion from its document matching program.
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It has also been my experience that un-filed income taxes have much greater and longer lasting effect. The overall effect is simply that businesses don’t tend to do as well as those that stay in compliance. Those businesses that don’t file income tax returns can’t get loans to either expand their revenues or finance on-going operations. they can’t lease equipment, purchase property, or get the capital necessary to move on to the next level.
? If you are having problems with your Landlord Developer Unfiled Income Tax or have issues with your accounting in general, we would love to help. I enjoy hearing from my readers Herre Nike Air Max 97 Hvid Danmark , and can be contacted at ? Chris@ ? Additional Accounting Articles and information on my firm can be found at ?
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Apheresis Equipment Market Benefits from Rising Demand for Plasma and Plasma Products Health Articles | May 2, 2016
Transparency Market Research Report Added "Apheresis Equipment Market - Global Industry Analysis, Size, Share Dame Nike Air Max 97 Hvid Danmark , Growth, Trends and Forecast 2012 - 2018"
The global market for apheresis equipment is projected to stand at a valuation of US$2.3 bn by 2018, according to Transparency Market Research (TMR). The market intelligence firm also states that the global apheresis equipment market is expected to log a compounded annual growth rate (CAGR) of 11.3% between 2012 and 2013. Although these numbers might seem encouraging, regulators are watching this space more closely than ever before; the market’s growth is certainly not devoid of challenges.
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While on one hand growth will occur as a result of a spike in demand for plasma products and plasma itself Dame Nike Air Max 97 Ultra Metallic Guld Danmark , the risks associated with the procedure are likely to pose an obstacle to the apheresis equipment market’s growth.
Regulators in the U.S. are Proposing to Classify Apheresis Systems as Class 2 Medical Devices
In a recent development on the regulatory front, a panel of advisers to the United States Food and Drug Administration (FDA) have stressed on more regulatory scrutiny for medical devices that use centrifugal force on whole blood so as to separate blood components such as plasma and then pump that blood back into the patient. The FDA, in February 2016, convened the Gastroenterology and Urology Devices Panel Nike Air Max 97 UL '17 SE Sort Danmark , which functions under the aegis of the Medical Devices Advisory Committee, to receive inputs on how such devices should be regulated.
The fact that this development is occurring in the United States, one of the largest markets worldwide for apheresis equipment will have some impact on the global market too. In the United States, as many as 17 types of centrifuge-based apheresis systems for therapeutic purposes have received a stamp of approval and are on the market Herre Nike Air Max 98 SE Team Rød Danmark , says a report on the Medscape website. However, these devices have not been assigned to any of the classes created by medical device regulatory authorities via a 1976 law.