James E. Newland, CPA

James E. Newland, Inc. is a certified public accounting firm, dedicated to providing clients with quality accounting, financial and tax services designed to improve the financial status of our clients.

Name:
Location: Eastlake, Oh

James E.Newland, CPA is a graduate of Cleveland State University, Class of 1970, with a BBA in accounting. He received his CPA certificate in 1974 and is a member of the American Institute of Certified Public Accountants and the Accounting Research Association.

Tuesday, February 23, 2010

Ohio Energy Efficient Appliance Rebate Program

Ohio will be issuing 89,000 rebate vouchers to Ohio residents who replace their old refrigerators, clothes washers, dishwashers, hot water tanks, and electric heat pumps with new energy efficient ones that have the ENERGY STAR label. In addition, the hot water tanks must be replaced with a gas water heater certified after 1-1-09. The clothes washer must be certified after 7-7-09 and the dishwasher after 8-11-09.
The rebates are $100 for the refrigerators, dishwashers, and gas hot water tanks. They are $150 for the clothes dryer and $250 for the heat pump. The vouchers are issued on a first come - first served basis and when they are gone, their gone. There will be approximately 20,000 vouchers each for the refrigerators, clothes dryers, and dishwashers. there will be approximately 15,000 vouchers for the hot water tank and 2,000 vouchers for the heat pumps. You old appliance MUST be hauled away and recycled so they are no longer used. The new appliance MUST be purchased during the program, which is scheduled to begin in March, 2010. The official start date will be announced by the State of Ohio no later than March 31, 2010.

Monday, February 22, 2010

You may be subject to California Taxes and not know it!

The California legislature has passes a bill to make many people who believe that they are not subject to taxation by California. This bill states that you are subject to tax if you "enter into an agreement with a California business or other entity under which the California entity, for a commission or other consideration, directly or indirectly refers potential customers of tangible personal property." "The referral could be by a link or an Internet Web Site or any other means." If you have an independent sales rep or any affiliates in California, you could be subject to California taxes. If the governor signs this bill into law, you will suddenly discover you are subject to California taxes even though you have never been to the state. Worse yet, twenty-one other state are looking into this method of increasing their taxes. New York started this scam with the so-called Amazon Tax. All we can do is petition Congress to forbid this scam under the Commerce Clause of the U.S. Constitution. The time to fight this monstrosity is now.