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| New District Tax Rate Changes Effective July 1, 2009 |
Voters in Los Angeles County approved a new 0.50% district tax in the November 2008 election which will increase their tax rate to 9.75%. Due to currently existing district taxes, the cities listed below in Los Angeles County will have a higher tax rate.
Avalon
El Monte
Inglewood
Pico Rivera
South Gate
Also, the City Council of Laguna Beach located in Orange County voted to repeal the 0.50% Temporary Transactions and Use Tax prior to its scheduled end date lowering their tax rate to 8.75%.
Which retailers must collect tax at the new rates?
You must apply the new sales and use tax rate if you:
• Are a retailer in the district and you sell and deliver merchandise within the district.
• Are a dealer of vehicles, undocumented vessels, or aircraft, and you sell to customers who register them at addresses located in the district.
• Collect tax on lease payments you receive for leased property used by the lessee in the district.
• Are a retailer located outside of the district who is engaged in business in the district and you deliver or ship merchandise into the district for use in the district or participate within the district in making the sale. You are considered to be engaged in business in the district if you:
a. have any type of business location there,
b. deliver into the district using your own vehicles, or
c. have an agent or representative in the district for the purpose of taking orders, or selling or delivering merchandise. |
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| Welcome Michelle Bernal, CPA |
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The appointment of Michelle Bernal, CPA as Assistant Controller at Claremont University Consortium (CUC) was announced today by Kenneth L. Pifer, Vice President, Treasurer, and Director of Financial Services for CUC. Ms. Bernal assumes the position March 16, 2009.
As Assistant Controller, Ms. Bernal will serve as the assistant controller for Scripps College and Harvey Mudd College. In this role Ms. Bernal will oversee the general, investment, deferred giving, and grant accounting, as well as, annual audit process, and tax and regulatory filings for Scripps College and Harvey Mudd College.
Ms. Bernal has been an Assistant Controller and most recently the Director of Accounting and Administration at Knife River Construction – Northern California Division since 2003. In this position, Ms. Bernal has overseen the financial systems and processes for the company, as well as, human resource administration and served as the EEO officer. Ms. Bernal earned her B.S. in Business Administration (Option: Accounting) at California State University, Chico. Ms. Bernal is a certified public accountant and a member of the California Society of Certified Public Accountants.
In announcing Ms. Bernal’s appointment, Mr. Pifer stated, “Michelle Bernal is a welcome addition to the Financial Services team, providing a balance of excellent technical skills, professionalism and customer service ethic that will serve The Claremont Colleges with distinction.”
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| IRS Announces New Mileage Rate effective January 1, 2009 |
“WASHINGTON — The Internal Revenue Service today issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
• 55 cents per mile for business miles driven
• 24 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations
The new rates for business, medical and moving purposes are slightly lower than rates for the second half of 2008 that were raised by a special adjustment mid-year in response to a spike in gasoline prices. The rate for charitable purposes is set by law and is unchanged from 2008.
The business mileage rate was 50.5 cents in the first half of 2008 and 58.5 cents in the second half. The medical and moving rate was 19 cents in the first half and 27 cents in the second half.
The mileage rates for 2009 reflect generally higher transportation costs compared to a year ago, but the rates also factor in the recent reversal of rising gasoline prices. While gasoline is a significant factor in the mileage rate, other fixed and variable costs, such as depreciation, enter the calculation.”
http://www.irs.gov/newsroom/article/0,,id=200505,00.html
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| Weblink: |
http://www.irs.gov/newsroom/article/0,,id=200505,00.html |
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| Claremont Colleges Calendar |
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Click the following link to view a complete Calendar of Events at The Claremont Colleges |
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| Weblink: |
http://www.collegescalendar.org/index.cfm |
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