The Small Business Tax Help Blog

Posts Tagged ‘federal’

When You Should Change Your Withholding Tax

Your withholding is made up of three basic pieces of information. Changes in your household situation can have an impact on your tax situation.

Matrix Alt.Inv.Strat – Changes to Fund

Matrix Alt.Inv.Strat – Changes to Fund

How to Set Up a Retirement Savings Account

Question: Question about my credit?

My credit history consists of one thing, about two years ago I took out a 500 loan from Bank of America. I paid back about half of it but haven’t made a payment in over a year. They turned it over to a collection agency who I plan on paying with my income tax check next year. I know what I did was wrong and I’m not making any excuses, but I was just wondering how hard it will be to improve my credit and to try earning good credit for the future. Also,many tips on how I should start improving it.
Thats a $500 dollar loan sorry i forgot the dollar symbol.

Answer: That will follow you for at least 7 years. Even when you pay it off it will show on your credit. The best way to help your credit is to try to establish some new credit and be prompt in paying. Do not get into credit card debt, try to pay them off when due. If you can’t then at least keep the balances to 1/3 of the available credit and be prompt in paying the bill.

Good Luck.

Whites recover, but the black recession lingers

Unemployment among African Americans has stayed high since recession’s end – that and other economic data show decline of the black middle class

Ronald Reagan A Socialist?

Question: Which president started the “redistribution of wealth” with this program?

It’s one of the most effective popular programs we’ve had in the last three decades. It’s called the earned income tax credit. It’s a program whereby, if you’re a working person or a working couple and you’re below the poverty line, the government will actually give you money. That’s a redistributed program. It’s a program which takes money from the upper classes and gives it to the lower — to the working poor.

Answer: Reagan, a republican!
I wonder why the Republicans have forgotten this important tax. Now they are upset because Obama has something similar? People are just ignorant and will feed off anything with out even knowing their history. So funny too because all McCain and Palin have been shouting about is going back to the Reagan era. Go figure!

Black economic gains reversed in the Great Recession

Baltimore– Growing up black in the segregated 1960s, Deborah Goldring slept two to a bed, got evicted from apartment after apartment, and watched her stepfather climb utility poles to turn their disconnected lights back on. Yet Goldring pulled herself out of poverty and earned a middle-class life – until the Great Recession. First, Goldring’s husband fell ill, and they drained savings to pay …

ABCD Hosts the Earned Income Tax Credit Tax Kick Off Celebration

Question: Will the Republicans keep their word and vote for the deal with President Obama?

Consider that they have not kept one single deal they have brokered with President Obama or the Democrats since they took office in 2009. They broke the deal on Credit Card Reform. They broke the deal on Health Care Reform. They broke the deal on Finance Reform. They broke the deal on tax relief for the real small businesses. They even broke the deal they made earlier this year on passing the extension of the Bush Tax cuts, what makes anyone believe that the House and Senate Republicans will actually keep this deal?

Answer: Obama is much smarter then most give him credit for, he knows what he is doing. Just watch the show for the next 2 years.

Devon Swezey: The Coming Clean Tech Crash

Clean energy is still much more expensive and less reliable than coal or gas, and in an era of heightened budget austerity, the subsidies required to make clean energy artificially cheaper are becoming unsustainable.

R&D Tax Credit and Small Businesses – 7