NEW YORK – What kind of tax season is your small business going to have? Do you already have an appointment with your accountant and expect to have your records in order? Or are you likely to show up on April 12 with a shoebox full of crumpled receipts and invoices? There’s a direct relationship between how well a company gets through tax filing and how well it is run year-round. A business owner who has a good sense of the firm’s tax liability, and has a strategy for paying any taxes owed, is clearly on top of things. But, tax professionals say, many small business owners don’t have a handle on their companies’ finances or tax situation, making for unpleasant surprises in March and April and a continuing struggle to make ends meet the rest of the year. Marlene Franke, a certified public accountant and partner with Franke & Freese in Chicago, describes a nightmare that’s all too common for small businesses: They owe $15,000 or $20,000 in taxes, don’t pay it and don’t file a return because they don’t have the cash to spare, start piling up late filing and late payment penalties as well as interest. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESanta Anita opens winter meet Saturday with loaded card “I call that situation the black hole,” said Franke, who said companies who operate this way are continually in arrears to the IRS. Many of these small business owners fall into the very human trap of hoping to get their affairs in order before they see a CPA or tax attorney, but never getting around to it because they’re juggling too much. Here, again, is a sign that the owner needs to rethink how the company is being run and probably needs to get some help. Barbara Weltman, a tax attorney in Millwood, N.Y., and author of “J.K. Lasser’s Small Business Taxes,” says this is a problem particularly for young businesses, or those being operated on the side, such as an entrepreneur who sells collectibles on eBay. “They just start out doing what they’re doing and don’t realize that they have become a business,” she said. The solutions in all these cases is to start now, organizing your records for last year – and while you’re at it, getting yourself on a better path for 2006. The best method is to use financial software; if you’re not sure which one will work the best for you, ask your accountant (don’t have one? Now’s the time to get one) or other small business owners. If you don’t have time to sort through all the papers and input the numbers into a software program, hire someone to do it. Even while the process of organizing your records is under way, you should be sitting down with a tax professional, to try to anticipate what your tax liability will be, and also to do some planning for the rest of this year. Organized or not, many small business owners will find they’re not going to meet this year’s deadlines for filing returns – March 15 for corporations and April 17 for individuals who file business returns along with their 1040s – and they’ll need to file for an extension of their tax deadlines. Because the traditional deadline of April 15 falls on a Saturday, taxpayers get an extra two days this year. There’s no harm done in getting an extension; it doesn’t increase your chances of being audited. There are companies that file for extensions as a matter of course. Starting this year, individual taxpayers are getting a break on extensions – they need to file only once to get six months’ before their returns are due. In the past, the IRS would grant an automatic four-month extension, until Aug. 15, to any taxpayer requesting one. Those who weren’t ready when that day arrived could request another two months, until Oct. 15. Now, the IRS will give automatic six-month extensions, eliminating the need for that second request. But there’s a big caveat with extensions, and that brings us back to the topic of being organized: While an extension gives you more time to file your return, you still have to pay your taxes by the March or April deadline. Taxpayers have to make a good-faith estimate of what they owe and report that amount to the government. If you don’t have the money to pay your tax bill, you really need to be talking with an accountant. He or she can help you work out a payment plan with the IRS – and help you get your company on a sounder financial footing. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
AdvertorialNoel O’ Donnell, Mabel McHugh & Michael Coll of The Tax Clinic.The deadline for filing your tax returns and paying your bill is fast approaching.Hundreds of thousands of Irish people have their calculators at the ready as the clocks tick on towards an important date. The upcoming pay-and-file deadline marks the date by which taxpayers must file their return for 2013. The self-assessment system of taxation applies not just to the self-employed, but to anyone with income from sources that are not chargeable under pay as you earn (PAYE). So those with rental income, farming income, foreign incomes must also get their financial house in order in the coming days.Pay and File:Under the ‘Pay and File’ system, October 31st, 2014 is the date by which you must pay1. Any balance of income tax owing for 2013 2. Preliminary tax for the tax year 2014It is also the date by which you must file your tax return for 2013. If you are on the Revenue’s records as self-employed, you should receive a pay and file slip from the tax office to enable you to pay the tax by the due date.Not just for the Self-Employed:Traditionally, filing a tax return is seen as something that the self-employed do at this time of year. However, even if you are an employee, you could still need to file a return. Failing to do so could result in penalties, so make sure you find out in plenty of time if you have a requirement to make a return.Surcharge for Late Returns: You must return the completed 2013 Tax Return on or before 31 October 2014 to avoid a surcharge. If your Return is late the surcharge, which is added on to your tax due, is:• 5% of the liability due where the Return is submitted after 31 October 2014 and on or before 31 December 2014.• 10% of the liability due, where the Return is submitted after 31 December 2014.Audit/Penalties: Self-Assessment Returns are subject to Audit by Revenue, Tax law provides that revenue may make any inquiries or take such actions as are considered necessary to verify the accuracy of a Return.The Tax Clinic is the only business in the Northwest that specialises in offering services to P.A.Y.E workers.Mabel says that “while working for over 20 years in the financial services sector she noted that there was no professional representation for P.A.Y.E workers”. With this in mind Mabel together with Michael, who are both members of The Irish Taxation Institute set up www.thetaxclinic.ie and have gained a huge reputation in this complex area of taxation.Mabel works in The Tax Clinic in Main Street, Killybegs, while Michael now works in their new premises on the High Road, Letterkenny along with The Tax Clinics third partner Noel O’Donnell who has also located Noel O’Donnell & Co Chartered Accountants in the same building.Other Services:We also offer a cost effective payroll outsourcing service. We can also look after your P.A.Y.E and V.A.T compliance and obligations.To find out more log onto www.thetaxclinic.ie or call into either the High Road, Letterkenny or Main Street, Killybegs.Letterkenny Office – 074 91 60550 (Michael)Killybegs Office – 074 97 32055 (Mabel)THE TAX CLINIC REMINDS PEOPLE THAT OCTOBER DEADLINE FOR RETURNS IS FAST-APPROACHING was last modified: October 28th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:KillybegsLETETRKENNYPAYE workersreturnsThe Tax Clinic
A Dublin GAA player who was given a red card for striking out at Donegal full-back Neil McGee has had his ban overturned following an appeal. Eoghan O’Gara was introduced as a late substitute during Dublin’s All-Ireland quarter-final win over Donegal a fortnight ago. However, the full-forward was only on the pitch a matter of minutes when he became involved in an altercation with McGee.The umpire signalled to the referee to inform them that an incident had occurred between the pair.O’Gara was then given a red card, and video replays showed him striking McGee in the stomach with a closed fist – although the contact was minimal.Dublin GAA chiefs appealed the decision and last night the ban was quashed which allows him to play for Dublin next weekend. Jim Gavin’s side face Kerry in the All-Ireland semi-final at Croke Park. Dublin player who punched Neil McGee has ban overturned was last modified: August 20th, 2016 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:appealbandonegaldublinGAAneil mcgeenewsSport
Liverpool news live: Klopp reveals when Minamino will play and issues injury update Spurs have faced numerous issues at their new stadium which has pushed the opening back and back “When he and I first sat down to talk about him purchasing the major shareholding, I know he needed time to get to know the club. He’s been there two-and-a-half years now and he knows the club and loves the club.“I just think he wanted to cement his position nine months earlier.”One of Moshiri’s biggest achievements since becoming majority shareholder has been getting plans in motion for Everton’s move to a new stadium, with a deal agreed between the club, Liverpool City Council and the site’s owners for a new ground at Bramley-Moore Dock last March.Kenwright provided an update on the stadium situation, promising things will be taken ‘step by step’ to ensure Everton do not run into the same kind of problems Tottenham have been having with their redevelopment.He continued: “I am more than excited about the prospect of going to the dock in Liverpool and having that major position.“But as we always say, any new stadium at this moment has to be carefully planned and thought out. I mean, you look at the problems poor Daniel Levy’s having at Tottenham… it’s step by step and step by step. Based in Monaco, Moshiri has owned a 49.9 per cent stake in Everton since February 2016 after selling his Arsenal shares to Alisher Usmanov, who owns 48 per cent of USM, the company of which Moshiri is chairman.Kenwright has remained Everton chairman since Moshiri’s original purchase, and he joined talkSPORT to explain the deal, revealing Moshiri decided to increase his shares nine months earlier than the original date set for the purchase.“I don’t think there’s a massive significance,” Kenwright told Jim White. “He had an option to buy next May and he’s decided to take it earlier.“I don’t have to tell you the commitment he’s given to Everton, both in terms of time and finance, – he’s put hundreds of millions into the club – and I think there was a part of him now that wanted that extra shareholding with the new stadium coming up.“I think it will help in that it’s further finance for the club, but I don’t know if he did it with massive ulterior motives. Moshiri is closing in on three years of ownership of Everton England’s most successful clubs of the past decade, according to trophies won 2 Most read in Premier League Which teams do the best on Boxing Day in the Premier League era? “The architect’s working hard, the council are with us, the funding is going ahead – but we are not there yet.“But it is a very exciting prospect.” Boxing Day fixtures: All nine Premier League games live on talkSPORT Guardiola-inspired tactics: Is this how Arsenal will line up under Arteta? The average first-team salaries at every Premier League club in 2019 SORRY gameday cracker latest whoops tense 2 REVEALED predicted silverware Did Mahrez just accidentally reveal Fernandinho is leaving Man City this summer? revealed How Everton could look in January under Ancelotti with new signings changes Green reveals how he confronted Sarri after Chelsea’s 6-0 defeat at Man City Sky Sports presenter apologises for remarks made during Neville’s racism discussion Bill Kenwright promises Everton’s majority shareholder Farhad Moshiri ‘loves the club’ after he took his ownership above 50 per cent on Tuesday.A statement published by Everton confirmed Moshiri has bought a further 18.7 per cent of the shares to now control 68.6 per cent of the Goodison Park club, with another purchase expected by next July to take the Iranian’s total shares up to 77.2 per cent.
Dortmund are now level on points with defending champions Bayern Munich (Agency Photo)Lucien Favre’s moment of truth as Borussia Dortmund manager has arrived. The Swiss born manager won plaudits for assembling a title challenging outfit within weeks of his appointment. But the Signal Iduna Park outfit has witnessed a seven point cushion atop the Bundesliga standings wiped out in two months of repeated setbacks.The Black and Yellows latest setback came on Tuesday in a Champions League rubber against English opponents Tottenham Hotspur when they failed to convert territorial supremacy into a tangible result as they fell 0-1 to tumble out of the competition.That defeat came just four days after Favre’s side fell 2-1 to Augsburg.Favre must therefore be on top of his wits and at his motivational best for the visit of relegation haunted VFB Stuttgart. At least he can count on his side’s commanding home form which has seen Dortmund remain unbeaten in front of their fans. Visitors Stuttgart will be no pushover and signalled strong intent ahead of this tie by hitting relegation rivals Hannover for dead last weekend.Should Dortmund trip up again, Robert Kovac’s serial champions Bayern Munich will take outright lead atop the standings with victory at home to Bruno Labbadia’s energetic Wolfsburg.The Bavarians are in fine fettle, having dispatched traditional rivals Gladbach 5-1 at Borussia Park last time out. Not even the forced retirement from international football of home trio Jerome Boateng, Matt Hummels and Thomas Muller will dampen spirits at the Allianz Arena.With Eintracht Frankfurt not in action until Monday away to surprise package Fortuna Düsseldorf, Ralf Ragnick’s Leipzig can cement their third position with victory over Augsburg at the Red Bull Arena. Dieter Hecking’s faltering Borussia Moenchengladbach will meanwhile be hoping to get back on track at Mainz.Werder Bremen get this weekend’s action underway on Friday night at home to struggling Schalke. Patience is running thin for the Gelsenkirchen outfit’s boss Domenico Tedesco after last season’s Bundesliga runners up suffered a humiliating 0-4 reverse at the hands of newcomers Fortuna Düsseldorf.THE BUNDESLIGA FIXTURES THIS WEEKEND:FRIDAY.-Werder Bremen v Schalke @10:30pmSATURDAY.-Borussia Dortmund v VfB Stuttgart @5pm-Freiburg v Hertha Berlin @5pm-Bayern Munich v Wolfsburg @5pm-RB Leipzig v Augsburg @5pm-Mainz v Borussia Moenchengladbach @8:30pmSUNDAY.-Hoffenheim v Nuremberg @5:30pm-Hannover v Bayer Leverkusen @8pmMONDAY:-Dusseldorf vs Frankfurt @10:30pmComments Tags: Allan SsekamateGerman Bundesliga
Jimmy Floyd Hasselbaink has told West London Sport that recent QPR signing Yeni Ngbakoto will need time to improve his fitness following the French winger’s move to the club.“Yeni is not fit yet. We need to work him. We need to give him time,” manager Hasselbaink said.Ngbakoto scored on his debut in the EFL Cup tie against Swindon at Loftus Road, where summer signing Joel Lynch went off with an abdominal injury.Rangers are assessing the problem and are not yet sure how long Lynch might be unavailable for.Hasselbaink was unhappy with the performance against Swindon. Click here to see how we rated each Rangers player.Meanwhile, West Ham boss Slaven Bilic has backed Antonio Conte to succeed at Chelsea. The two sides meet at Stamford Bridge on Monday.Comte will begin his reign with a derby on Monday eveningThe Blues have loaned centre-back Alex Davey, 21, to League Two club Crawley Town until January.Fulham goalkeeper Marcus Bettinelli has recovered from a hamstring problem and is set to return to the squad for Saturday’s game against Preston.Brentford are at home to Ipswich, who will be without injured striker Brett Pitman for the game at Griffin Park.Follow West London Sport on TwitterFind us on Facebook
Top Reasons to Go With Managed WordPress Hosting Related Posts Tags:#Open Thread#web A Web Developer’s New Best Friend is the AI Wai… jolie odell In the past, we’ve talked a bit about issues of gender and technology, but today, this blog post brought another important aspect of tech and discrimination to our attention.We polled some of our friends on Google Buzz and asked whether ageism is something they’ve seen at work or that has effected their lives. And the responses were interesting – although some say they try to be as even-handed as possible, others said that age discrimination exists at both ends of the spectrum, especially when it comes to landing a job.Let us know your experiences and opinions in the comments.What Experts SayA 2001 article from CIO started a conversation about ageism in IT. The response was dramatic. “Within days of being asked ‘Do CIOs Discriminate Against Older Workers?’ about 200 readers had posted answers; a majority of them gave a resounding yes… workers age 55 and older make up only 6.8 percent of the IT workforce.”A couple years later, a 2003 study from the International Journal of Selection and Assessment explored how older and middle-aged programmers fared in the tech workforce. Results showed “that age was negatively associated with both annual salary and job benefits levels.”But in 2009, another study showed what could have been seen as a turning tide. “The study, ‘The Coming Entrepreneurship Boom,’ found that… the United States might be on the cusp of an entrepreneurship boom – not in spite of an aging population but because of it… The average age of U.S.-born technology founders when they started their companies was 39.”What People on the Ground SayPerhaps the graying set are doing well as entrepreneurs, but what about when they apply to be programmers, information architects, web designers or other traditionally “young” jobs?In a lively conversation on our Buzz account, Aaron Hayes told us that ageism is alive and well, saying, “I turned 40 this year, and even though I can write Python circles around some… [and] have run several of my own small businesses – somehow, because the metabolic process of my cells has been occurring for several solar rotations beyond a subset of unspoken rules, I can be dismissed by some as a viable candidate for a startup.“And this apparently because people that have experience clearly can’t have youthful enthusiasm, or passion.”Even though, as Ruggero Domenichini said in the same thread, older employees might have “less ego, nothing to prove, been through failure [and] lived more.”And person after person said that they had either hired older programmers and been totally pleased with their fit and performance or – in one case – not hired someone because of age and regretted it ever since.What Do You Say?We’re interested to know what your experience has been, either as a younger startup exec faced with hiring decisions or as an older programmer working in IT.On a personal level, I have a great deal of respect and admiration for the older techies in my life – especially as I begin to earn a few gray hairs of my own. My old-as-dirt dad is a fabulous network engineer, and a lot of the best developers and entrepreneurs I know have lived long enough to have a mature, realistic and stable view of their abilities, the ecosystem and their colleagues.And in an amendment of the famous “Never trust anyone over 30” quotation, I’d have to say I’d gladly take the word of a 50-year-old who knew his stuff over a 25-year-old entrepreneur starting his first company. And the hypothetical 25-year-old would do well to take his older colleague’s advice seriously, as well.As always, let us know what you think in the comments. Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Market
Photo taken from Floyd Mayweather’s Instagram accountMMA fighter Conor McGregor switched to the boxing ring to make one of the richest professional fights in history possible and now Floyd Mayweather hints he might return the favor.Mayweather, who hasn’t fought since knocking out McGregor in that boxing match last year, teased fans Friday night by posting a picture on his Twitter page of himself wearing mixed martial arts gloves and standing in a UFC cage.ADVERTISEMENT John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. He said “Come at the king, you best not miss…”Mayweather’s August fight with the Irishman was supposed to be his last as it secured his perfect 50-0 record. But the American has retired several times only to negotiate “comeback” fights for bigger paydays. Brace for potentially devastating typhoon approaching PH – NDRRMC 2 ‘newbie’ drug pushers fall in Lucena sting Read Next View comments LATEST STORIES Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement PLAY LIST 00:44Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement01:49Pacquiao to Mayweather: Want fans to stop asking for rematch? Then fight me again00:45Onyok Velasco see bright future for PH boxing in Olympics01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City MOST READ NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers “Billion Dollar Man,” Mayweather said in the tweet.Mayweather and McGregor’s cross-combat fight in August failed to live up to the hype in the ring as veteran Mayweather easily outpunched the inexperienced McGregor, but it did well at the box office.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe contest generated 4.3 million pay-per-view buys in North America, trailing only Mayweather’s 2015 world title boxing match with Filipino Manny Pacquiao that generated 4.6 million buys and earned $600 million. It is the second time this week Mayweather has teased his fans with the idea. Earlier this week he posted video on Twitter and Instagram of himself shadow boxing in a cage. AFP official booed out of forum Davis’ 43 points lead Pelicans past Thunder Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Slow and steady hope for near-extinct Bangladesh tortoises
Antonis Fotsis will end his career his Panathinaikos! The Greek basketball player renewed his contract with the Prasini and will take over as captain of the club.Fotsis extended his contract for two more years, until the 2018 season. With the new deal, Fotsis will have played 13 seasons with the Trifylli. The 35-year old veteran forward will take over Dimitri Diamantidis’ position as captain of the club. The Panathinaikos legend, Diamantidis, retired at the end of the season after a 13-year stay with the 6-time Euroleague Champions.TweetPinShare0 Shares
About the authorPaul VegasShare the loveHave your say Man Utd legend Neville excited to see Rashford at top of his gameby Paul Vegas10 months agoSend to a friendShare the loveManchester United legend Gary Neville is delighted seeing Marcus Rashford at the top of his game for victory at Newcastle.Rashford, 21, took his tally to three goals in four games with Solskjaer in charge against Newcastle and Neville said his improvement comes from replicating United teammate Anthony Martial in front of goal.Rashford has held his position as United’s first-choice striker since Jose Mourinho’s dismissal and Neville says watching the forward is a delight.”Rashford playing up front has been fantastic,” he told Sky Sports. “I love him to bits.”150 games nearly at the age of 21; the potential is enormous.”It’s actually now stepping up beyond potential, to where he will be a top-class player.”