Snopes view of this fan­tas­tic pro­posal that they say is not from War­ren Buffet. Just because Buf­fet may not have said this, does not mean it should not be made law a.s.a.p., right? This is one idea that really should be passed around. Whether from War­ren or not, we the peo­ple should demand it. Winds of Change.…  War­ren Buf­fet is ask­ing each addressee to for­ward this email to a min­i­mum of twenty peo­ple on their address list; in turn ask each of those to do like­wise. In three days, most peo­ple in The United States of Amer­ica will have the mes­sage. _*Congressional Reform Act of 2011*_ 1. No Tenure / No Pen­sion. A Congressman/woman col­lects a salary while in office and receives no Pay when they’re out of office. 2. Con­gress (past, present & future) par­tic­i­pates in Social Secu­rity. All funds in the Con­gres­sional retire­ment fund move to the Social Secu­rity sys­tem imme­di­ately. All future funds flow into The Social Secu­rity sys­tem, and Con­gress par­tic­i­pates with the Amer­i­can peo­ple. It may not be used for any other pur­pose. 3. Con­gress can pur­chase their own retire­ment plan, just as all Amer­i­cans do. 4. Con­gress will no longer vote them­selves a pay raise. Con­gres­sional pay will rise by the lower of CPI or 3%. 5. Con­gress loses their cur­rent health care sys­tem and Par­tic­i­pates in the same health care sys­tem as the Amer­i­can peo­ple. 6. Con­gress must equally abide by all laws they impose on the Amer­i­can peo­ple. 7. All con­tracts with past and present Congressmen/women are void Effec­tive 1/1/12. The Amer­i­can peo­ple did not make this Con­tract with Congressmen/women. Congressmen/women made all these con­tracts for them­selves. Serv­ing in Con­gress is an honor, not a career. The Found­ing Fathers Envi­sioned cit­i­zen leg­is­la­tors, so ours should serve their Term(s), then go home and back to work. If each per­son con­tacts a min­i­mum of twenty peo­ple then it will Only take three days for most peo­ple (in the U.S.) to receive The mes­sage. Don’t you think it’s time? THIS IS HOW YOU FIX CONGRESS!

Larry Landis-Barnett
(386) 585‑9035
“The Light of God never fails”

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If only more peo­ple under­stood the value of own­ing their own pri­vate reserve sys­tem they would be really mak­ing a dif­fer­ence then. If your money is in a bank or credit union that some­one else owns and con­trols, you are miss­ing out big time.

 

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SAVE .… and WALK TALL

 

Your sav­ings, believe it or not, affect the way you stand, the very walk you walk, the tone of your voice.… in short, your phys­i­caal well-being and self con­fi­dence. A man with­out sav­ings is always run­ning. He  must.… He must take the first job offered, or nearly so. He sits ner­vously on chairs because any small emer­gency throws him into the hands of others.

With­out sav­ings, a man must be grate­ful. Grate­ful is a fine thing in its place, but a con­stant state of grat­i­tude is a hor­ri­ble place in which to live. A man with sav­ings can WALK TALL. He may appraise oppor­tu­ni­ties in a relaxed way, have time for judi­cious esti­mates and not be rushed by eco­nomic necessity.

A man with sav­ings can afford to resign from his job, if his prin­ci­ples so dic­tate. And for this rea­son, he’ll never need to do so. A man who can afford to quit is much more use­ful to his com­pany, and there­fore more pro­motable. He can afford to give his com­pany the ben­e­fit of his most can­did judgments.

A man always con­cerned about neces­si­ties such as food and rent can’t afford to think long range career terms.

A man with sav­ings can afford the won­der­ful priv­i­lege of being gen­er­ous in fam­ily or neigh­bor­hood emer­gen­cies. He can take a level stare from the eyes of any man.…..friend, strager or enemy. It shapes his per­son­al­ity and his character.

The abil­ity to save has noth­ing to do with the size of income. Many high-income peo­ple, who spend it all, are on a tread­mill, dart­ing through life like minnows.

The Dean of Amer­i­can Bankers, J.P. Mor­gan, once advised a young bro­ker: “Take waste out of your spend­ing and you’ll drive the haste out of your life”.

If you don’t need money for col­lege, a home or retire­ment, then save for self-confidence. The state of your sav­ings does have a lot to do with how TALL YOU WALK.

 

H.A. McNeely, Exec­u­tive Vice-President of Tampa Sav­ings & Loan Asso­ci­a­tion, Tampa, Florida.

Thanks for shar­ing this Jim Kin­dred from Finan­cial Strate­gies Group.

 

 

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My client Busi­ness Own­ers appre­ci­ate the value of the fol­low­ing knowledge…

1. How to pay insur­ance pre­mi­ums with tax free dollars.

2. How to pay off loans with tax sav­ings advantages.

3. How to use the same dol­lar more than once.

4. How to prop­erly and eas­ily track loans and inter­est vol­ume. Watch a video overview here.

5. How to finance busi­ness equip­ment and at the end of the term have your pur­chased item, the prin­ci­pal and the inter­est back in your pocket and con­trol. Watch video here.

6. How to bor­row money with­out hav­ing to qual­ify for it. Read the arti­cle under the video here.

7. How to pro­tect your busi­ness, busi­ness part­ners and fam­ily from pos­si­ble calamity.

8. How to earn tax free div­i­dends and tax deferred growth which can be accessed tax free with­out penalty or restrictions.

9. How to cre­ate a sus­tain­able busi­ness plan that will pro­tect your busi­ness for generations.

10. How to cre­ate a tax free, sup­ple­men­tal retire­ment income beyond what you thought possible.

11. How to move money from your busi­ness to your per­sonal accounts in a tax advan­taged set­ting.   I’ll not give all our secrets away here.

If you are a busi­ness owner inter­ested in learn­ing more about “how to…”, con­tact me today.

Jen­nifer Hansen

845 – 649-7487

Jennifer@DebtDiagnosis.com

Employer’s Advan­tages

A non­qual­i­fied deferred com­pen­sa­tion plan pro­vides the fol­low­ing ben­e­fits to an employer:

1. The ben­e­fits payable to the employee are tax-deductible when paid.
2. The employer can pro­vide a deferred comp or salary con­tin­u­a­tion plan on a selec­tive, pick-and-choose basis.
3. The plan does not have to be sub­mit­ted to the IRS for prior approval.
4. The plan is rel­a­tively easy and inex­pen­sive to estab­lish, requir­ing only the exe­cu­tion of a rel­a­tively sim­ple agree­ment between employer and employee.
5. The costs to admin­is­ter the plan can be lower than those of qual­i­fied plans.
6. The ben­e­fits pro­vided may vary from one cov­ered employee to another, in the com­plete dis­cre­tion of the employer.
7. There are no statu­tory restric­tions on ter­mi­na­tion of the plan, as there are with qual­i­fied plans.
8. No min­i­mum or max­i­mum par­tic­i­pa­tion rules need be met. The plan may be estab­lished for only one employee or for 150 or more employ­ees in a large corporation.
9. The plan may be used either in lieu of, or in addi­tion to, a qual­i­fied retire­ment plan.
10. The plan may be used to attract new employ­ees and to retain valu­able exist­ing employees.
11. The plan may be used in lieu of giv­ing the employee an own­er­ship inter­est in the busi­ness, thereby dilut­ing the owner’s control.
12. The cash val­ues of a pol­icy used to fund the plan infor­mally are avail­able to the employer dur­ing the accu­mu­la­tion period.
13. The ben­e­fits payable under the plan can be tied to com­pany or indi­vid­ual per­for­mance, thus giv­ing the employee addi­tional incen­tive to be pro­duc­tive and effective.

Employee’s Advan­tages

A non­qual­i­fied deferred comp plan pro­vides the fol­low­ing ben­e­fits to the cov­ered employee:

1. The employee pays no tax on the deferred amounts until ben­e­fits are received, if the plan is prop­erly structured.
2. The plan can be used to sup­ple­ment the retire­ment ben­e­fits payable under a qual­i­fied retire­ment plan.
3. Death and dis­abil­ity fea­tures can be included in the plan, as well as retire­ment benefits.
4. The plan may pro­vide a sur­vivor ben­e­fit fea­ture if the employee dies after ben­e­fit pay­ments begin.
5. The employee may drop into a lower tax bracket at retire­ment, thus increas­ing his or her after-tax dis­pos­able income when the plan ben­e­fits are received.
6. For higher income exec­u­tives who can no longer make deductible IRA con­tri­bu­tions, a deferred comp plan can be used to replace the lost IRA benefits.
7. For the employee who changes employ­ers late in life and has lim­ited or no oppor­tu­ni­ties to accu­mu­late funds in the new employer’s qual­i­fied plan, the deferred comp plan can be used as an alternative.
8. Employ­ees adversely affected by the lim­its on con­tri­bu­tions to and ben­e­fits from qual­i­fied plans can sup­ple­ment their retire­ment incomes with a non­qual­i­fied plan.

 

2011 IRS Mileage Rates Changed for July 1, 2011

The IRS stan­dard mileage rate for the final six months of 2011 was increased as a result of the recent increase in gaso­line prices. The IRS usu­ally only adjusts this rate annu­ally in the fall. The stan­dard mileage rate was increased by 4.5 cents for busi­ness, med­ical and mov­ing travel for the last six months of 2011. Char­i­ta­ble travel remained unchanged at 14 cents per mile as this rate is set by statue, not the IRS. The stan­dard mileage rate is used to com­pute the deductible costs of oper­at­ing an auto­mo­bile for busi­ness use in lieu of track­ing actual costs. This rate is also used as a bench­mark by the fed­eral gov­ern­ment and many busi­nesses to reim­burse their employ­ees for mileage. Tax­pay­ers always have the option of cal­cu­lat­ing the actual costs of using their vehi­cle rather than using the stan­dard mileage rates. Mileage Rates for July 1, 2011 to Decem­ber 31, 2011 are:

• Busi­ness: 55.5 cents per mile (Com­pared to first six months at 51 cents per mile).
• Med­ical: 23.5 cents per mile (Com­pared to first six months of 2011 at 19 cents per mile).
• Mov­ing: 23.5 cents per mile (Com­pared to first six months of 2011 at 19 cents per mile).
• Char­i­ta­ble: Unchanged at 14 cents per mile.

info@precisetaxcpas.com

You Need To Be In Atten­dance At This Webi­nar The Webi­nar Link for Today’s Call is found below: Tues­day, Jan­u­ary 4,2011 4PM to 5PM EST Phone: 484 – 589-1010 Access Code: 436 – 303-7123 Reg­is­tra­tion Link: https://www1.gotomeeting.com/register/712723912 We have waited a long time for this New Ver­sion V and it is a sig­nif­i­cant upgrade over MMA Ver­sion 4.2.

Becom­ing Your Own Banker will take care of all four finan­cial areas, at the same time. I love this con­cept. Our Hansen Fam­ily Bank­ing Sys­tem is per­form­ing won­ders for us. Most peo­ple spend so much more on buy­ing vehi­cles through­out their life­time than they ever put away for retire­ment. Let me show you how to change this sce­nario for you.

I HOPE YOUR 2009 YEAR IS AWESOME AND FULL OF HEALTH & WEALTH & LOVE

It is really won­der­ful when your grown chil­dren want to come home and visit you and each other. I feel as though we have been very blessed and have so much to be grate­ful for. All my kids (I call them kids even though their ages range from 15 in a few days, to 20, 24 and 26) are happy to hang out together. We live where the air is clean and the roads aren’t too busy. We have access to good live food. And even though our friends are mov­ing away, one by one, to big­ger and bet­ter places, at the moment we are happy to be here. In our first 19 years of marriage, More »

My hus­band Bill and I drove to Arling­ton VA on Thurs­day Nov 13th. Then spent Fri­day and Sat­ur­day in Crys­tal City attend­ing the Regional event. I received the V4.1 demo soft­ware so I am very happy to have that. I also learned a lot that will help me with shar­ing this phe­nom­i­nal prod­uct with oth­ers. More »