March 19 2009

Schemes Promise Bigger Refunds

March 19, 2009 // 0 Comments

The old adage stating that if something is too good to be true, it probably is too good to be true really applies today. We have seen the headlines about the losses incurred by the people who invested with Bernie Madoff. Many of those people were millionaires, with “were” being the operative word of the day. It was too good to be true. However, there are other schemes out there promising bigger refunds on tax returns that regular taxpayers, like you and me, are filing. These larger refunds are the result of converting certain personal expenses into business expenses. Personal expenses, with few exceptions, are not deductible on a tax return, while business expenses are normally deductible. What schemes are promoters using to get people to believe they can deduct personal items as business deductions? Much of it seems to start with the Internet. Promoters are promising big earnings and big deductions to individuals who start online retail businesses, offer online services, or run online auctions. The big earnings may or may not materialize to the taxpayer. More often than not, the promoter makes money on the setting up of the operation, and you can bet he is getting paid up front. Some of the promise of big deductions comes from operating the “business” out of the taxpayer’s house. It is true that if a taxpayer is operating a bona fide business out of his/her home, the deduction for office-in-home is very legitimate. The legitimate taxpayer has an office set aside that is used regularly and exclusively for business. He may or may not see clients in the office, but the office is where the taxpayer makes his business connections. It is usually a separate room or rooms in the house. It’s the real thing. But the promoters of schemes tell their victims that by putting a file cabinet or computer or desk in each room, the taxpayer can deduct darned near all of the expenses of running the entire house. Nothing could be farther from the truth. A normal office-in-home deduction is determined by measuring the square footage of the office and measuring the square footage of the entire house and calculating the percentage of the office. This percentage is then applied to the […]

Celebrity Red Carpet Event through Student Run Credit Unions!

March 19, 2009 // 0 Comments

This Student Run Credit Union is the “reel” deal! Red Carpet Events will be held in three Rockford area schools. Rockford Community Federal Credit Union is making savings fun in schools through a movie and celebrity themed, fully functioning “reel” Student Run Credit Union. Schools participating in programs are Belmont, Roguewood, and Our Lady of Consolation School. The schools recognize the need to teach students how to save for the future. In a partnership with Rockford Community Federal Credit Union the Student Run Credit Union was established. This program is now in its 6th year of operation. “By partnering with the schools, it provides the students an opportunity and a first hand experience with money management and financial education. Students learn as employees and as members who make deposits and withdrawals. Good habits learned early are more likely to last a lifetime,” said Connie Taylor, CEO of Rockford Community Federal Credit Union. These Credit Unions are now fully functional and run once a week for students to be able to make deposits, withdrawals and learn how to save money. The students get rewarded for good savings through games and prizes. As an added bonus, students in 5th grade have the opportunity to become an employee of the Student Run Credit Union. Lisa Smith, the Educational Coordinator for Rockford Community Federal Credit Union, oversees the Student Run Credit Unions. She says, “in these tough economic times our goal with the all Student Run Credit Unions is to provide a “reel” life financial literacy-based program that teaches students about saving money, decision-making and critical thinking while they are young.” The Credit Union hopes that by having the Credit Union, students will be more responsible with their money management and finances in the future. The Red Carpet was rolled out February 9, at Belmont Elementary, February 11 in Roguewood Elementary, and February 12 in Our Lady of Consolation School. These super star celebrations had snacks and Emmy pictures with celebrities for all student members.

What Would You Do?

March 19, 2009 // 0 Comments

by PASTOR DICK RILEY Rockford United Methodist Church Once upon a time, a preacher accepted a call to a new church in a large city. Some weeks after he arrived, he had an occasion to ride the bus from his home to the downtown area. When he sat down, he discovered that the bus driver had accidentally given him a quarter too much change. As the preacher considered what to do, he though to himself, “I’d better give the quarter back. It would be wrong to keep it.” But then he thought, “Oh, forget it! It’s only a quarter. Who would worry about that little amount? And, besides, the bus company gets too much fare as it is. They’ll never miss 25 cents. Just keep it.” When the preacher came to his stop, however, he paused at the bus door and then handed the quarter to the driver. “Here,” the preacher said. “You gave me too much change.” The bus driver smiled and said, “You’re the new preacher in town, aren’t you?” “Yes,” the pastor replied. “Well, I’ve been thinking about coming to your church for worship. I just wanted to see what you would do if I gave you too much change. Now I know. So I’ll see you at church on Sunday!” When the preacher stepped off the bus, he grabbed the nearest light pole, held on, and prayed, “Oh, my Lord God, I almost sold-out your Son for a quarter!” Often, our lives are the only “Bible” that some people will ever read and, therefore, how we live-the kind of life we live-is absolutely crucial. As the Apostle Paul said, “Live in harmony with one another so that you may glorify God, the Father of our Lord Jesus Christ,” (Romans 15:5-6). So watch your thoughts – they become your words. Watch your words – they become your actions. Watch your actions – they become your habits. Watch your habits – they become your character. Watch your character – it becomes your destiny! Stay faithful and be grateful!

Classifieds – March 19, 2009

March 19, 2009 // 0 Comments

EMPLOYMENT NO EXPERIENCE REQUIRED. Professional career for serious-minded individuals capable of participating on a dynamic team. A people-oriented real estate company offers on-the-job training with above- average income. Call Lew Boersma, Coldwell Banker AJS-Schmidt/Rockford office. (616) 866-4434.      b13 Career opportunity for friendly person-The Rockford Squire newspaper has an opening for the right person in sales/customer service. We need an outgoing, self-confident team member for an established territory with existing customers. We will train a promising individual. Candidate must be reliable and able to stay on task. Send resume to PO Box 498, Rockford, MI 49341, e-mail or call Beth at (616) 866-4465 for more information.      ftfn JOB OPPORTUNITY-Looking for someone who wants to do more than just a sales job. The Cedar Springs Post Newspaper has an opening for someone who is creative, organized and likes working with people to join our company team. Not boring. Commission means you can make your own salary, depending on your commitment level. Must have reliable transportation and a valid driver’s license. Benefits available. If interested, send resume to, or fax to (616) 696-9010, or mail to PO Box 370, Cedar Springs, MI 49319.      ftfn FOR SALE Fax machine $50, exercise bike $50, treadmill $40, inversion table $100 (firm), lift-top coffee table $300. Call (616) 866-8099.     p12 Seven days, six nights Disney area stay. Two adult Disney tickets. Paid $750, sell $249. Good for one year. (616) 305-0082.      p14 CLASSES & LESSONS “Always the Best!” Once you go, then you’ll know! Six 1-hour golf lessons-$69. Starting week of April 13. Master teaching professional, Norm Davidson. Golf Emporium, 14 Mile, Rockford. (616) 754-2280.      b21 Guitar Lessons-Learn guitar the RIGHT way and enjoy it for a lifetime. Lessons also on banjo, fiddle, mandolin, dobro, etc. Call Joe (616) 874-8582.     btfn SERVICES LAWN MOWING-Trimming, edging. Rates starting at $25 per cut. Full-season contracts only. SCOTT’S OUTDOOR SERVICES. Since 1999. Call (616) 866-3900.      p15 Grady’s Clean-Cut Lawn Care-all your lawn-care needs starting at $20. Mow and trim, edging, fertilization, spring clean-up. Ask about our EARLY BIRD SPECIAL. Mulching available too. Call or e-mail (616) 292-4338 or      p17 New home construction/design and services. Additions, remodeling, garages, decks, home improvements and repairs. Licensed and insured. Bridgewater Homes. (616) 560-2630.      p13 H.O.M.E. Senior […]

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