Business & Technology

Wednesday, 19 October 2011 13:39

Coney serves up the smallest – and best? – beer

Written by Eric Lima
When the Coney Island Brewing Company recently opened the world’s smallest brewery, it did so with – what else? – the world’s smallest ribbon-cutting inauguration ceremony, on West 12th Street off Surf Avenue, adjacent to, fittingly enough,  the Coney Island Circus Sideshow. The crowd was treated to free beer, big-band music, and sideshow performances.
Last modified on Sunday, 23 October 2011 11:18
Monday, 21 December 2009 04:24

TV Online

Written by Kateryna Stupnevich
As technology progresses, locals are starting to wave goodbye to televisions, and are welcoming the new trend – watching movies and shows online. Websites like hulu.com, dailymotion.com, and sidereel.com offer streaming videos of television shows and movies from basic networks such as ABC and NBC. Although they don’t offer shows and movies from premium channels like HBO, they do have fewer commercials, a greater variety, and longer availability. “Watching shows and movies online is so much more convenient than on TV,” said Elvera Bader, 20. “You can access these programs at any time of day and night, unlike cable which is very time-oriented.” Bader also says that most of the shows and movies that are offered online either have fewer commercials or are entirely commercial-free, and the quality of the video is usually just as good as on television. “I can watch what I want, when I want to,” she…
Last modified on Tuesday, 09 March 2010 11:45
Monday, 21 December 2009 04:21

Are You a Procrastinator?

Written by Joseph S. Reisman
2009 is quickly coming to a close, and your window for some 2009 tax savings is closing with it. If you really want to save a few tax dollars, here are some year-end thoughts: Win with your Losses Do you have stock gains? Give appreciated stocks (and other investments) to someone with significant capital losses. A family member, or other, could give their individual stock or mutual funds or other investments that have appreciated in value. When sold, the new owner will have a gain on that sale, but can now offset that gain with their losses, thus eliminating any capital gains tax. Taxpayers can give up to $13,000 per year per person tax-free as part of the annual gift-tax exclusion. (If you have losses, you may be able to use someone else’s gain.)
Last modified on Tuesday, 09 March 2010 11:48
Friday, 04 December 2009 07:46

You've Seen the TV Ads - Here Are the Facts

Written by Joseph S. Reisman
“Settle with the IRS for pennies on the dollar!” “Act now before it’s too late! The laws may change!” Clients seem to memorize these TV and radio ad slogans when they come in to talk about their back taxes. Here are the facts: IRS agreements to reduce what you owe, officially called an Offer in Compromise, have a rejection rate of 75%. So your chances are small. Out of 44,000 offers submitted last year, only 11,000 were accepted. So, you see, such offers are not for everyone -- your finances have to match to the IRS settlement guidelines.
Last modified on Monday, 07 December 2009 11:55
Monday, 16 November 2009 05:34

The Audit, Part 3

Written by Michael Schlager
Meeting the IRS agent It was a really nice day outside, but Jack could only feel gloomy.  Alan, his accountant, told him they could only meet an hour before the audit.  He seemed amazingly calm to Jack, who felt he should have shared some of Jack’s own anxiety about it.
Last modified on Tuesday, 17 November 2009 09:28
Sunday, 01 November 2009 05:30

The Audit, Part 2

Written by Michael Schlager
In the last issue, I related the experiences of my friend, Jack, who faced every small-business person’s nightmare – getting audited by the IRS. The saga continues…. Jack was faced with the additional costs that Alan would have to work on the project.   Estimating that it would be more than double what he normally pays him for his yearly work, he had to seek alternatives.  Money was also tight and if much had to be paid bay to the IRS, even tighter.  He had never hired a bookkeeper before, and was used to handing over bags of receipts to a professional accountant, essentially asking him to handle the responsibilities of a bookkeeper. Enter Kim, the bookkeeper, whom Jack hired for his own peace of mind and the practicality of having someone in the office versus remotely going over every detail.  Kim joined the staff for a few weeks to organize…
Last modified on Thursday, 18 March 2010 23:33
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