Steam emission over Taal’s main crater ‘steady’ for past 24 hours LATEST STORIES Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Judge Don Trella had it 114-114 while Dave Moretti scored it 115-113 in favour of Golovkin.Golovkin got his first taste of Nevada-style judging in his Sin City boxing debut, but despite the kerfuffle he still managed to keep his World Boxing Council, World Boxing Association and International Boxing Federation titles.Asked about Byrd’s lopsided scorecard, which had Golovkin winning just the fourth and seventh rounds, he replied, “unbelievable”.“Of course I want a rematch. This was a real fight,” Golovkin said.So the stage is set for a Golovkin-Alvarez 2, likely sometime in the first half of 2018.Sports Related Videospowered by AdSparcRead Next Mos Burger to open in Manila; teases with a pop-up “I thought I won the fight,” Alvarez said. “I was superior inside the ring. I won at least seven, eight rounds. I was able to counterpunch and even make Gennady wobble a couple of times. “It is up to the people if we fight again. I felt frustrated over this draw.”Golovkin and Alvarez now look set to rule the resurgent middleweight division for years after their slugfest ended in a stalemate.READ: Golovkin and Alvarez deliver classic middleweight fightThe controversy came via the judges — one of whom scored the nail-biting fight 118-110 in favour of Alvarez. The evenly-matched fight was so close it could have gone either way. Challenger Alvarez fought well enough to win on his own but Adalaide Byrd’s mind-boggling scorecard fuelled conspiracy theories on social media.ADVERTISEMENT Don’t miss out on the latest news and information. “I wanted to finish him off, but he was a stong opponent with lot of experience. It didn’t unfold the way I wanted it to,” Alvarez said.Former two-division champion Alvarez connected with a devastating punch series about 30 seconds into the round. A rubbery-legged Golovkin then went into a defensive shell, shook the cobwebs off, and managed to stay on his feet.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogIt was a rare moment of vulnerability for Golovkin who has never been knocked down in his pro career and, before that, in 350 amateur fights.Until his last two fights, which both went the distance, Golovkin had been jackhammering his way through the middleweight division. In March, he showed he could go the distance and win over Daniel Jacobs but their 12-round fight snapped a string of 23 consecutive knockouts for Golovkin. It’s too early to present Duterte’s ‘legacy’ – Lacson DAY6 is for everybody Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene Gennady Golovkin (R) exchanges blows with Canelo Alvarez (L) during their WBC, WBA and IBF middleweight championship fight at the T-Mobile Arena on September 16, 2017 in Las Vegas, Nevada.Gennady Golovkin retained his three world middleweight titles, fighting to a draw with Mexican star Canelo Alvarez in a showdown for middleweight supremacy that lived up the hype./ AFP PHOTO / John GURZINSKIA somber Canelo Alvarez was left wondering what more he could have done to wrest the middleweight world titles away from Gennady Golovkin after their controversial 12-round draw on Saturday in Las Vegas.The 27-year-old Mexican star said he executed his game plan the way he wanted to, but missed his big chance when he failed to knock the champion out in the 10th round.ADVERTISEMENT Jake says relationship with Shaina ‘goes beyond physical attraction’ OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson MOST READ Kerber exorcises New York demons in Tokyo How to help the Taal evacuees In ‘Jojo Rabbit,’ Comedy and Drama Collide View comments
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!