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Win $1,000 Cash for Your Business Plan - mcbtax.com
The Company Corporation is excited to announce the start of our first quarterly Business Plan Contest. Open to participants from around the country, the Business Plan Contest encourages young entrepreneurs to grow their ideas into start-up and early-stage businesses.

What would you do with a thousand dollars?  A lot obviously, like purchasing supplies for your new start-up or even pay your credit cards.  Deadline is March 31, 2013 by 11:59 p.m.

For additional information, visit incoporate.com website.


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A tax credit reduces the amount of tax you must pay. A refundable tax credit not only reduces the federal tax you owe, but also could result in a refund. The following are five tax credits that can reduce your taxes.

1. The Earned Income Tax Credit
2. The Child and Dependent Care Credit
3. The Child Tax Credit
4. The Retirement Savings Contributions Credit (Saver’s Credit)
5. The American Opportunity Tax Credit

Make sure you qualify before claiming any tax credit. You can always visit IRS.gov for more information.

MCB Tax and Financial Services, we come to you | www.mcbtax.com | twitter @mcbtax | www.facebook.com/mcbtax1


 
 
According to a survey done by Aon Hewitt, more employers plan to offer lump-sum pension payouts in 2013. Review your options carefully before deciding whether to accept or reject a lump-sum payout from your company.

Via Aon
 
 

Today's Ash Wednesday and I wanted to remind myself  and others.  Why did the Pope resigned?  I need clear answers, pretty please.  Back to the tax den.

MCBtax Staff

 
 
Small Business Trends, Small Biz Technology, and  BlackBerry are inviting you to nominate your Small Business Influencer. 

The Small Business Influencer 2012 Awards honor companies, organizations, apps and people who have made a significant impact on the North American small business market. 

Why not show your appreciation by nominating them for a Small Business Influencer Award. Deadline July 15, 2012.  Click here to nominate

 
 
Flexible Offer in Compromise Terms

The IRS announced another expansion of its “Fresh Start” initiative by offering terms that are more flexible to its Offer in Compromise (OIC) program that will enable some financially distressed taxpayers to quickly clear up their tax problems.

In certain circumstances, the changes announced include:
    Revising the calculation for the taxpayer’s future income.
    Allowing taxpayers to repay their student loans.
    Allowing taxpayers to pay state and local delinquent taxes.
    Expanding the Allowable Living Expense allowance category and amount.

More details can be found in IR-2012-53.

--- MCB Tax and Financial Services, we come to you. MCBtax provides tax preparation and real
     estate services in New York City. Call 347-464-9153 or visit mcbtax.com to schedule a visit to your home or work.


 
 
The federal government will end its practice of mailing Social Security benefits checks starting in 2013. Instead, beneficiaries will receive their payments through direct deposit or a debit card. USNews.com


MCB Tax and Financial Services: your financial partner

 
 
ANNUAL WAGE NOTICE REMINDER FOR EMPLOYEES IN NEW YORK STATE

New York State’s Wage Theft Prevention Act requires New York employers to provide all employees working in the state with an annual notice of their wages.  As required by law, the “Annual Wage Notice” will be distributed to your employer. The notice contains information such as your hourly rate and overtime pay rate (for hourly non-exempt employees) or annual salary (for exempt employees).  The law also requires employers to collect acknowledgement of receipt from all employees who get an Annual Wage Notice.  For information, visit NYS Department of Labor.
MCB Tax and Financial Services - mcbtax.com
 
 
A Credit Score That Tracks You More Closely
By TARA SIEGEL BERNARD - is a personal finance reporter with The Times.
 
Anyone who has recently applied for a mortgage knows that lenders are already looking much more closely at your financial affairs. But soon, they’ll  be able to easily delve into the deepest recesses of your financial life, accessing information that never before appeared on your credit report. 

This week, a company called CoreLogic introduced a new type of credit file,  which is based on the giant repository of consumer data it maintains on just about everything that most of the traditional credit bureaus do not: missed rental payments that have gone into collection, any evictions or child support judgments, as well as any applications for payday loans, along with your repayment history. 

The new report also includes any property tax liens and whether you’ve fallen behind on your homeowner’s association dues. It may reflect that you now owe more than your house is worth or if you own any other real estate properties outright. It also is supposed to catch mortgages made by smaller lenders that the big credit bureaus may have missed.

Read more

MCB Tax and Financial Services offers tax preparation, real estate, recruiting, at home bill payment, and small business services in New York City.  Call MCB Tax and Financial Services today at 347-464-9153 for a free consulation or visit www.mcbtax.com to schedule an appointment.
 
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