BUSINESS NOTES: OWNERS REMINDED TO PAY STATE TAXES.The Franchise Tax Board contacted nearly 8,600 corporations conducting business in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Orange counties for failure to file tax returns for 1998, officials said Friday. The businesses received a reminder letter from FTB FTB Franchise Tax Board (California; they collect income and sales tax) FTB Family Tax Benefit (Australian welfare assistance) FTB First Time Buyer (housing) this month, telling the operators that they may owe state income taxes and giving them 30 days to respond. Corporations ignoring the letter face tax assessments, interest charges and penalties totaling 50 percent of their tax liabilities, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. State Controller Kathleen Connell Kathleen Connell was the California State Controller from 1995 until 2003. She is currently President of the Connell Group, an investment advisory firm located in Washington, D.C. Dr. . According to the FTB, 6,448 Los Angeles County businesses - 1,614 of which are in the city of Los Angeles
FTB identifies nonfilers by matching business activity and information received from the Internal Revenue Service, the State Employment Development Department and the State Board of Equalization In communications, techniques used to reduce distortion and compensate for signal loss (attenuation) over long distances. . Corporations doing business in California or receiving income from California sources must file state tax returns and pay the applicable tax. - City News Service Info systems firm in marketing deal Creative Computer Applications Inc., a provider of clinical information systems for hospitals and clinic laboratories, said Friday it has reached a marketing arrangement with Mediware Information Systems Inc. The Calabasas-based company will market Mediware's blood-bank information systems in conjunction with its laboratory information system CyberLab II. Mediware's Hemocare, LifeLine and LifeTrak systems will also be offered to existing and potential CCA (1) (Common Cryptographic Architecture) Cryptography software from IBM for MVS and DOS applications. (2) (Compatible Communications A clients that have blood-bank operations. Steven M. Besbeck, CCA's president and chief executive officer, said the agreement allows us to offer a complete information solution for laboratories that provide blood-bank services. - Daily News Yellowave stock to trade on Amex Yellowave Corp. on Friday announced that shares of its common stock will begin trading on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. on Monday. The shares will trade under the symbol YW. Prosper Abitbol, chairman of the Los Angeles-based company, said Yellowave looks forward to joining the growing list of companies on the American Stock Exchange. The company also believes the move will provide shareholders and the financial community with easier access to information about Yellowave. - Daily News Report clears air on gas price jump It ``seems unlikely'' that stricter federal clean-air rules were what sent Midwestern gas prices soaring this summer as some Republicans in Congress have insisted, the Federal Trade Commission says. The agency issued an interim report Friday on its investigation into whether oil companies colluded to run up prices. The FTC FTC See Federal Trade Commission (FTC). estimated it will take until after the November elections to finish work on what has become one of the season's hottest political issues. ``At this point, no conclusions, however tentative, have been reached,'' the report said. Gas prices increased throughout the country this spring as high crude oil prices led refiners to cut production, creating an unusually tight supply situation. But in Chicago, Milwaukee and Detroit they surged as much as 65 cents a gallon - to more than $2 - above the already high national average in May. Though those Midwestern motorists now are seeing prices more in line - and in some cases lower - than the rest of the nation, the May-June spike set off a spate of charges and countercharges between Republicans and Democrats. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. |
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