Woodworking Industry Employment

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Shimla , originally called Simla, is a city in the Indian state of Himachal Pradesh. It is also the capital of the state and a municipality within the Shimla district. Shimla was the summer capital of the erstwhile British Raj in India. A popular tourist destination, Shimla is often referred to as the “Queen of Hill Stations” (a term coined by the British). Located in north-west Himalayas at an altitude of 2130 meters (6988 feet), the city of Shimla, draped in forests of pine, rhododendron, and oak, experiences warm summers and cold, snowy winters. The city is famous for its buildings in British style architecture reminiscent of the colonial era. Shimla is connected to the city of Kalka by one of the longest narrow gauge railway routes in India. Shimla is approximately 115 km (71.4 miles) from Chandigarh, the nearest major city, and 365 km (226.8 miles) from New Delhi, the national capital.
The city is named after the goddess Shyamala Devi, an incarnation of the Hindu Goddess Kali.
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Himachal was one of the few states that had remained largely untouched by external customs, largely due to its difficult terrain. With the technological advancements the state has changed very rapidly.
Himachal Pradesh is a multireligional, multicultural as well as multilingual state like other Indian states. Some of the most commonly spoken languages includes Hindi, Punjabi, Pahari, Dogri, Kangri and Kinnauri. The Hindu communities residing in Himachal include the Brahmins, Rajputs, Kannets, Rathis and Kolis. There are also tribal population in the state which mainly comprise Gaddis, Kinnars, Gujjars, Pangawals and Lahaulis. Himachal is well known for its handicrafts. The carpets, leather works, shawls, paintings, metalware, woodwork and paintings are worth appreciating. Pashmina shawl is one of the product which is highly in demand not only in Himachal but all over the country. Himachali caps are also famous art work of the people.The day to day food of Himachalis is very similar to the rest of the north India. They too have lentil, broth, rice, vegetables and bread.
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The era of economic planning started in Himachal in 1948 along with the rest of India. The first five year plan allocated Rs.5.27 crore to Himachal. More than 50% of this expenditure was incurred on road construction since it was felt that without proper transport facilities, the process of planning and development could not be carried to the people, who mostly lived an isolated existence in far away areas. Himachal now ranks fourth in respect of per capita income among the states of the Indian Union.
Agriculture contributes over 45% to the net state domestic product. It is the main source of income and employment in Himachal. Over 93% of the population in Himachal depend directly upon agriculture which provides direct employment to 71% of its people. The main cereals grown are wheat, maize, rice and barley.Himachal has a rich heritage of handicrafts. These include woolen and pashmina shawls, carpets, silver and metal ware, embroidered chappals, grass shoes, Kangra and Gompa style paintings, wood work, horse-hair bangles, wooden and metal utensils and various other house hold items. These aesthetic and tasteful handicrafts declined under competition from machine made goods and also because of lack of marketing facilities. But now the demand for handicrafts has increased within and outside the country.Himachal is extremely rich in hydel resources. The state has about 25% of the national potential in this respect. It has been estimated that about 20,300MW of hydel power can be generated in the State by constructing various major, medium, small and mini/micro hydel projects on the five river basins. As per the current prices, the total GDP was estimated at Rs 25,435 crore, as against Rs 23,024 crore in the year 2004-05, showing an increase of 10.5%.
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Manali, on the Beas River valley, is an important hill station in the Himalayan mountains of Himachal Pradesh, India, near the northern end of the Kullu Valley. The average elevation is nearly about 1,950metres (6,398ft). Manali is one of the most popular Himalayan tourist destination and accounts for nearly a quarter of all tourist arrivals in Himachal Pradesh. It is visited by many trekkers who follow the hashish…(and so on) To get More information , you can visit some products about abercrombie and fitch, kids bathrobes, . The TYK015 rabbit fur shawl products should be show more here!

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In November 2009, the IRS launched a new National Research Program Initiative (the Initiative): an industry wide detailed random audit of employment taxes for 6,000 businesses over the course of the next three years. The purpose of the Initiative is two fold: (1) assess systemic employment tax compliance; and (2) collect assessments from delinquent employers.

With tax revenues dwindling from the recession, the U.S. Treasury Department is stepping up efforts to close the tax gap the difference between overall tax liabilities and taxes paid to the IRS. Auditing employment taxes is seen by the IRS as a crucial means of closing the tax gap. For tax year 2001 for example, the gross tax gap was estimated by the IRS at around $345 billion, with underreporting of employment taxes accounting for around 17% of the tax gap.

The IRS will audit businesses to ensure that Federal withholding taxes are deducted and paid over to the government from employees wages for Social Security and Medicare as well as Federal Unemployment taxes. An employer found to be in noncompliance could face stiff civil penalties and interest on unpaid taxes. These penalties could have a particularly severe impact on small business owners.

The IRS has prioritized four areas to focus their auditing efforts under the Initiative, including:

aE¢ Worker classification: i.e. whether an employer properly classifies an employee as an employee or independent contractor for tax purposes. Determining which depends on the behavioral, financial and type of relationship the company has with the person performing the work.

aE¢ Employee fringe benefits: A fringe benefit is a form of pay for the performance of services. i.e. benefits such as insurance coverage, company car or child care, etc. that are provided by employers tax free to employees but not to independent contractors.

aE¢ Reimbursed business expenses: e.g. reimbursement for taking a client to lunch, purchasing office supplies: which requires a written business expense plan. I.E. You must have paid or incurred expenses that are deductible while performing services as an employee. You must adequately account to your employer for these expenses within a reasonable time period, and you must return any excess reimbursement or allowance within a reasonable time period.

aE¢ Compensation of owners who are also employees of the company, whereby unpaid taxes may result in personal liability for the employer.

Now that the Employment Tax audit Initiative has started, it has been reported that the IRS has already begun the process of selecting businesses for audit of their employment taxes. Noncompliance with employment tax law can result in severe consequences for employers. To ensure that procedures are in place for Employment tax compliance with applicable tax law can save time, money and heartache in the event of an audit.

For example, the Internal Revenue Code requires a written reimbursement plan in order to take advantage of the tax benefits of legitimate business expenses. Employers should consider consulting with experienced counsel in preparation for the Initiative and in the event of an audit of their employment taxes.

For more information on Employment Tax Compliance, please contact Mary Beth Rinladi at the Thorn Law Group in Washington, D.C.

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