Wednesday
Jan
18
City Beat Magazine
Small Business
Affordable Care Act from IRS.gov
By Adrian Madrigal
SBA Administration, El Paso
WASHINGTON — The Internal Revenue Service released updated December 02, 2010: final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. Today’s release includes a one-page form and instructions small employers will use to claim the credit for the 2010 tax year.
AN INVERVIEW WITH THE THE LOCAL REP
By Tanya Ocampo, RE/MAX Real Estate Group
The economy has made people thinking twice about taking on the responsibility of home ownership. Renting shifts most repair responsibilities on the landlord, but buying puts the owner in charge of anything and everything that might go wrong. Residential Service Contracts are limited home warranties that take some of the financial pressure off a new owner in emergencies involving the certain appliances and mechanical systems of the house.
Forms in Spanish
By Tanya Ocampo
Associate Broker/REALTOR
with REMAX Real Estate Group.
Dear Tanya,
After her oldest son was shot in the Drug War in Juarez, my aunt Jimena and her family fled to El Paso. Fortunately, Tia has enough money saved up from her business to buy a foreclosure she saw with her REALTOR last week. Unfortunately, Tia flunked English in the Preparatoria. She’s confused and intimidated by the mountain of English documents she has to sign. Her agent speaks only Border Spanish. Are there any contracts in Spanish? -Favorite Niece
Three Essential Documents Every College Student Needs
Parents are preparing to send their 18-year-old child off to college this fall. Tuition has been paid, dorm bedding has been chosen, and computers have been purchased along with all other college essentials. Children are looking forward to starting their college life, while parents are hoping their children will become mature, financially responsible adults.
Alameda Corridor
During Naomi Gonzalez’s campaign for the office of Texas State Representative for District 76, a recurring theme was voiced from the residents of the Alameda Corridor. That recurring theme entailed asking for her assistance in an effort to address the issues plaguing the Alameda Corridor. As part of her campaign, Naomi Gonzalez promised that she would do whatever was in her power to provide that assistance. The project for the Alameda Corridor is the result of that commitment.
Roth IRA: A Lifetime Investment
Some investments are appropriate during your working years, while others are more suitable for retirement. But a Roth Individual Retirement Account (IRA) can provide you with benefits at virtually every stage of your life. Let’s take a quick “journey” through some of these stages to see just how valuable a Roth IRA can be.
"Business Beyond Borders" -International Summit_
Since 2010, Olga Tavárez, Director of the Small Business Development Center (SBDC), has envisioned an international summit that would address the growing needs of the border businesses in our region. “This conference is needed now more than ever” said Olga. “The regions small business community has shown significant growth and we are expecting that growth to continue.”
With this vision and the SBDC’s commitment to promote growth, expansion, innovation, increased productivity, and improved management for small business the “Business Beyond Borders” International Summit vision became a reality. El Paso’s first International Summit that will cover a variety of business development topics including global business; legal structures; loans and export financing.
dot org., Business & Community Events
White + Samaniego + Campbell, LLP is proud to welcome Laura Selene Dorado to the Firm. Laura is a licensed Public Accountant in Mexico and will complete her Masters Degree in Accountancy at New Mexico State University this May 2011.
Laura is responsible for assisting domestic and international clients setting up their accounting systems, maintaining accounts books, payroll and related services, and providing guidance on federal and state tax compliance requirements.
White + Samaniego + Campbell, LLP is proud to welcome Dahlia Paola Garcia to the Firm. She joins us as an Intern in the Assurance Services Department and anticipates graduating December 2011 with her Masters in Accountancy from New Mexico State University.
She will be assisting the Audit Department in preparing compilations, reviews, and audit services.
Don’t Be The “CO” in CO-Signer
By Tanya Ocampo
Dear Tanya,
My 24-year-old nephew, Frank, has asked me to co-sign on his mortgage loan. He knows I have excellent credit and a successful business. Frank, I’m sorry to say, is a high school drop-out. He has worked in a variety of low-skill, poorly paid jobs since he was 16, and he has marginal credit. He was married three times, producing a child that he has to help support in each one. The only reason I’m even considering helping him is that he’s the youngest child of my favorite sister, who died recently. What do you think? -RICH UNCLE
Fair Housing Act Knowledge
By Ana Miller
On Tuesday, April 5, 2011, John Cook, Mayor of El Paso, signed a proclamation to recognize April as Fair Housing Month and to highlight the importance of the protection afforded by the Fair Housing Act of 1968 and its subsequent amendments.
In a nutshell, the Fair Housing legislation makes it illegal to discriminate against any person because of race, color, national origin, religion, sex, handicap, familial status, or national origin, in the sale, rental, or financing of housing.
International Business City Growning Fast
By Isaiah Montoya
El Paso ‘The Sun City’, Texas now contains over 800,000 people according to the 2010 US Census, and, therefore, many new business and construction projects and services are on the rise to meet the population’s demand. Sometimes, the use of companies from Mexico is legally utilized to meet the demand.
Real Estate Short SALE
By Tanya Ocampo
If you’ve ever bought a new car, you know that it’s worth less than you paid for it as soon as you drive it out of the showroom. If you decide to sell the car soon after you bought it, and you owe money for financing it, you will most likely have an upside-down loan. You owe more on the car than it’s worth.
Real estate short sales can also be upside down. If you owe more money against your home than you can possibly recover from selling it, and you don’t own assets you can liquidate or have funds in your bank account to write a check at closing, then you are upside down and a potential candidate for a short sale.
Your Money
Getting Ready To Close
By Tanya Ocampo
Associate Broker REALTOR with RE/MAX Real Estate Group.
Dear Tanya,
My house is under contract and scheduled to close by the end of the month. I’ve already found a new place and scheduled the movers. I can’t afford to have anything go wrong. What else is expected from me? -Great Expectations
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