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Tax Free Retirement Planning Service

Submitted by: Ken E Morris

For many self-employed individuals and small business owners, employer retirement plans are a key part of retirement savings. Understanding how the employer retirement plan fits into an overall retirement plan is important to being able to plan adequately for retirement.

Congress believes that employers should be encouraged to assist individuals in this retirement planning stage. Congress recognizes that although many employees understand the importance of setting money aside, few understand the link between their retirement savings and their overall retirement planning. Therefore, Congress now permits employers who sponsor an employer retirement plan to provide Qualified Retirement Planning Services to employees or their spouses as a tax-free fringe benefit.

[youtube]http://www.youtube.com/watch?v=6WA3-KD4igc[/youtube]

What makes this new development particularly interesting to self-employed individuals and small business owners is that it permits them to spend pre-tax dollars on retirement planning services. Additional benefits include increases in employee job satisfaction and retention, and employee plan participation.

The retirement planning service is available on an employer-paid basis. The value of the Qualified Retirement Planning Service itself is not charged to the employee or included in taxable income. Thus, the value of the service is not subject to Social Security, Medicare, or income tax withholding.

Highly compensated employees may only exclude the value of the service from income if the service is available on a non-discriminatory basis to each member of the group of employees that is normally provided education and information regarding the employer plan. This group of individuals generally includes all participants in the employer retirement plan. However, the IRS may permit employers to restrict retirement advice to individuals nearing retirement age under the plan.

The Qualified Retirement Planning Services an employer provides may include advice and information regarding retirement planning for an individual and/or his spouse about how the employer retirement plan fits into their overall retirement plan. Employer retirement plans includes SEPs, SIMPLEs, Profit Sharing Plans, Money Purchase Pension Plans, 401(k)s plans, annuity plans, and 403(b) and 457 plans. As always, the value of any tax preparation, accounting, legal or brokerage services provided by the employer must still be included in the taxable income of the employee.

If the availability of using pre-tax dollars to get good professional retirement planning advice is attractive to you, you will want to contact a qualified financial advisor. A qualified financial advisor can provide more information on the Qualified Retirement Planning Services available to you and your spouse.

About the Author: Can somebody please help me watch, manage, invest or oversee my 401k is the question Mr. Morris hears most often that causes him the most concern. Fearing the American worker is being left in the dark, Mr. Morris, a fee based Investment Advisor Representative, based in Central Ohio, with Raymond James Financial Services, Inc., helps 401k participants get the most out of their retirement plan. Let Ken Morris be your 401k Watchdog, with InvestMy401k.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=51913&ca=Finances

UK PM’s speechwriter awaits sentence

Wednesday, August 29, 2007

An English lawyer has pleaded guilty to perverting the course of justice. He faked a legal judgment and sent it to a father who was pleading in Taunton family court to be able to remain involved in his child’s upbringing. The lawyer, London barrister Bruce Hyman, now awaits his sentence. The judge indicated that he could receive a prison sentence. Bruce Hyman is well-known in media circles, having produced The Hitchhiker’s Guide to the Galaxy on BBC Radio. He also produced a series with Clive Anderson, at Above the Title Productions, called Unreliable Evidence.

The father, a former City financier, had attended a series of court hearings in order to make suitable arrangements to see his child following an acrimonious divorce. Shortly before one of these hearings he received an email, ostensibly from a self-help group to which he belonged, which had attached a Court of Appeal case that appeared favourable to an application he had made for the judge to stand down from the case. The father, who was representing himself, duly showed the case to the judge. At this point, Bruce Hyman, the lawyer representing the former wife, claimed to the judge that the case was a forgery, which indeed it turned out to be.

After confirming that the self-help group had not sent him the email, the father then embarked on some detective work his own. The fraudulent email was traced via its header to a dial-up internet connection and a phone number belonging to a shop in London. The shop was able to recover CCTV footage which showed a man sending the email from an Apple laptop. The man turned out to be Bruce Hyman.

Sentencing of Hyman is due in Bristol Crown Court on the 19th of September.

Retrieved from “https://en.wikinews.org/w/index.php?title=UK_PM%27s_speechwriter_awaits_sentence&oldid=1699556”

Greenpeace tries to thwart Chesapeake Bay fishing fleet

Wednesday, August 10, 2005

Greenpeace activists scattered schools of menhaden bait fish in the Chesapeake Bay on Tuesday when fishing ships belonging to Omega Protein Corp. were about to drop their sceine nets.

The Omega fleet consisted of two spotter planes and four fishing boats with eight tenders. Greenpeace arrived with four fast moving out-board motor boats, manned by thirteen activists, who attempted to drive away the fish. The Coast Guard was called in and ended the confrontation peacefully.

The Houston-based Omega Protein Corporation is the largest processor and distributor of protein-rich menhaden and fish oil products in the United States. The company accounts for nearly 90% of the entire East Coast menhaden catch.

An Omega spokesman Toby Gascon said of Greenpeace, “They have now demonstrated that their real agenda is to put Omega out of business, even if it means risking the safety of Omega’s fishermen.” Their fleet is out of Reedville, Virginia, now a top U.S. fishing port due to the recent Omega processing plant opened there.

Chesapeake Bay menhaden are considered an important food source for fish species popular with sports fisherman. They are also, next to oysters, a prime filter feeder in bay waters. The bay oyster population has suffered drastic declines from disease over the last two decades. Studies of menhaden populations are still inconclusive as scientists try to determine the overall number of bay menhaden.

Greenpeace says the species is near historic lows and predators that depend on the fish as a food source, such as striped bass, show signs of suffering from malnutrition and poor body condition.

The Chesapeake Bay Foundation, a not-for-profit organization, had praise for Maryland Governor Robert Ehrlich, and the state’s Department of Natural Resources. They secured a commitment from the Atlantic States Marine Fisheries Commission (ASMFC) to seek a cap on commercial harvesting of Atlantic Menhaden.

A coalition of recreational anglers and environmentalists, called Menhaden Matter, also joined the debate by saying coast-wide population of Atlantic Menhaden has fallen to near record lows. They are also against an encroachment by Omega into Chesapeake waters.

The issue is a cap proposed by ASMFC on the menhaden harvest. The Board recommended a Draft Addendum to limit the menhaden harvest to 110,400 metric tons, which is the average over five years of consecutive declines in harvests for the species. The limit would apply to Atlantic and in-land waters of the species. The proposed cap is for years 2006 and 2007 and open to public debate.

ASMFC recently rejected an offer by Omega that would voluntarily cap their harvest at 135,000 metric tons annually for the next four years. They noted Omega also seeks to reopen some waters in Maryland and New Jersey which are currently closed to industrial purse seine operations. A public hearing is scheduled in Alexandria, Virginia in the next few days.

Omega says that ASMFC’s own reports indicate the population levels of Atlantic menhaden are healthy.

A Chesapeake Bay Foundation senior scientist, William J. Goldsborough, said, “I believe that a cap on the purse seine catch of menhaden at current levels, covering the total catch as well as removals from Chesapeake Bay, would be a prudent measure to adopt.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Greenpeace_tries_to_thwart_Chesapeake_Bay_fishing_fleet&oldid=4519968”

Conservatives plan to reject budget over newly introduced Kyoto amendment in Canada

Saturday, March 26, 2005

The Canadian Conservative Party plans to reject the federal budget. A recently amended provision allowing the government to control greenhouse gas emissions is “completely unacceptable,” says its leader Stephen Harper.

Harper said Thursday his party plans to vote against the omnibus budget bill if it includes the amendment to the Canadian Environmental Protection Act. It would add greenhouse gas emissions to the list of controlled substances, allowing the Canadian government to regulate those emissions, he contends. “This is an attempt by the government to get unlimited power to impose multimillion-dollar fines on any basis, without any parliamentary approval or discussion, whatsoever.” Harper said.

The controversial amendment was introduced after a lengthy cabinet debate between Finance Minister Ralph Goodale and others.

When the budget was tabled last month, Harper initially said his party would support the bill. He now says the party will oppose it unless the Liberal government removes the amendment. Environment Minister Stéphane Dion, who is attempting to have a $10 million Kyoto implementation plan in place by April 4, said he would be “very, very pleased” to fight an election over climate change.

The NDP and Bloc Québécois have both said they will oppose the bill. The Liberal Party of Canada has 133 seats, so its defeat seems certain if all four parties hold their positions.

Both the NDP and the Bloc also accuse the Liberal party of trying to tack the Kyoto amendment onto the bill without sufficient debate.

Bloc leader Gilles Duceppe said that he was not satisfied with a number of provisions in the bill. “First of all it’s not enough on Kyoto. We don’t know the plan, we didn’t discuss the plan,” Duceppe said. “I’m ready to have an election any time if this is what they want.”

NDP leader, Jack Layton, said “The Liberals are playing games with the environment. Paul Martin doesn’t care about the Kyoto plan. He cares about playing politics and that is what’s going on here.”

It will be up to Prime Minister Paul Martin whether a defeat triggers an election.

Retrieved from “https://en.wikinews.org/w/index.php?title=Conservatives_plan_to_reject_budget_over_newly_introduced_Kyoto_amendment_in_Canada&oldid=4498131”

Awesome Chicago Vacation Ideas In Lincoln Park For Everyone

byAlma Abell

There is something for everyone in the Lincoln Park area of the great city of Chicago. If you are looking for some fun locations where you can spend some vacation time in Lincoln Park, here are a couple of ideas.

ComedySportz Theatre

One entertainment venue for those who enjoy improv is the ComedySportz theatre. Different nights feature different shows for all ages, and classes in improv are also offered for those willing to push their nerves out of the way and go for it. Whether you choose to take a class, or simply watch, those looking for a fun night and a good laugh will find it at the ComedySportz Theatre Lincoln Park.

Steppenwolf Theatre

For those appreciate the art of theatre, the Steppenwolf Theatre is just one theatre of many in Chicago’s version of Broadway. There are currently shows playing through the end of this month, and shows coming up include a play version of “Animal Farm” as well as titles “Marie Antoinette” and “The Herd.” So, if you’re looking to see something original, and cinemas are just not doing it for you, look up shows and times at the Steppenwolf Theatre.

Lincoln Park Zoo

Animal-lovers looking for something to do should check out the Lincoln Park zoo. It is a large zoo, and sure to show you a number of animals that you have likely never seen in real life including dwarf mongooses, Klipspringers, and sand cats. A myriad of reptiles, fish, birds, and amphibians are present as well. If animals fascinate you, consider spending an afternoon in the Lincoln Park Zoo, one of the few Chicago vacation ideas in Lincoln Park.

The Boka and the The Butcher and the Burger

If you’re hungry and looking for Chicago vacation ideas in Lincoln Park, should check out the Boka. The menu items have a range of poultry, beef, and seafood, including duck breast, lamb shoulder, and monkfish. The price range is a bit higher here, so be ready to spend at least upwards of $70 for two. For a lower price, consider an evening out at The Butcher and The Burger. There is a variety of restaurants in Lincoln Park for all price ranges, so grab some food and spend some quality time with loved ones!

Chicago actually can be a cool vacation spot. If you are going to Chicago in the near future, consider the exciting venues above. Click here for more information.

U.S. Congress reaches deal on payroll tax cut extension

Friday, December 23, 2011

Speaker of the U.S. House John Boehner announced yesterday that he would agree to a two-month extension of the payroll tax cut. In an effort to end the impasse between the House and Senate, Boehner told Senate Democratic leader Harry Reid that he would schedule a House vote on the Senate version of the bill that would extend the tax cut, which was due to expire at the end of the year.

Speaker Boehner announced the agreement in a brief statement: “Senator Reid and I have reached an agreement that will ensure taxes do not increase for working families on January 1”. Boehner informed other congressmen of the deal in a conference call yesterday evening.

The House may pass the bill via unanimous consent today, which would not require the presence of all members. Boehner and Reid also agreed to a bipartisan negotiation committee to sort out differences and extend the tax cut for an entire year, a goal recently sought by Republicans in the House.

The extension of the payroll tax cut, which would prevent approximately 160 million Americans from seeing a tax increase in 2012, had already been passed by the Senate last weekend. Earlier yesterday, Senate Republican leader Mitch McConnell joined several other Republican Senators in encouraging the House to pass the extension.

Senate Democratic leader Harry Reid said that once the House acts, he “will be happy to restart the negotiating process to forge a yearlong extension.” At a news conference, Speaker Boehner issued a statement: “We have fought the good fight. Why not do the right thing for the American people even though it’s not exactly what we want.” President Obama also responded to the development in a statement: “This is good news, just in time for the holidays. This is the right thing to do to strengthen our families, grow our economy, and create new jobs. This is real money that will make a real difference in people’s lives.”

The tax cut extension impasse began when the House effectively rejected the Senate-approved version of the bill on Tuesday after being faced with opposition from House Republicans, specifically those associated with the Tea Party movement, who advocated for spending cuts and the controversial Keystone XL oil pipeline.

Retrieved from “https://en.wikinews.org/w/index.php?title=U.S._Congress_reaches_deal_on_payroll_tax_cut_extension&oldid=3567461”

CanadaVOTES: CHP candidate Vicki Gunn in York—Simcoe

Friday, October 10, 2008

In an attempt to speak with as many candidates as possible during the 2008 Canadian federal election, Wikinews has talked via email with Vicki Gunn. Gunn is a candidate in Ontario’s York—Simcoe riding, running under the Christian Heritage Party of Canada (CHP) banner. The CHP is a minor, registered political party running a significant number of candidates across the country, looking to earn its first ever seat in the House of Commons.

The riding has existed from 1968 to 1979, from 1988 to 1997, and from 2004 to present. As of the next provincial election in Ontario, it will be recognised as a provincial electoral district as well. Over the years, the riding has been represented by the Liberal Party, Progressive Conservative Party, again by the Progressive Conservatives, again by the Liberals, and since its recreation, the seat has been held by the Conservative Party of Canada.

Peter Van Loan, the Conservative incumbent, is the Minister Responsible for Democratic Reform and Leader of the Government in the House of Commons. The other candidates in the riding, besides Van Loan and the CHP’s Gunn, are New Democrat Sylvia Gerl, Liberal Judith Moses, and the Green Party‘s John Dewar.

The following is an interview with Gunn, conducted via email. The interview is published unedited, as sent to Wikinews.

Retrieved from “https://en.wikinews.org/w/index.php?title=CanadaVOTES:_CHP_candidate_Vicki_Gunn_in_York—Simcoe&oldid=4228869”

Senator Ted Stevens loses re-election bid in Alaska ballot

Wednesday, November 19, 2008

Alaskan U.S. Senator Ted Stevens, who turned 85 yesterday, narrowly lost his re-election bid to Mark Begich, the Democratic Mayor of Anchorage, Alaska.

Meanwhile, as Alaska’s counting of the November 4 election is almost complete, Democratic challenger for the US House of Representatives, Ethan Berkowitz, conceded to incumbent Don Young, the Republican Party nominee.

With this result, the Democrats are two seats away (assuming that independents Bernie Sanders and Joe Lieberman continue to caucus with them) from a filibuster-proof supermajority in the United States Senate, with two races (Minnesota and Georgia) as yet uncalled. That would allow the Democrats to invoke cloture, limiting filibusters to a further 30 hours, an ability last attained in the 95th Congress of 1977-79.

Stevens is entitled to request a recount at his campaign’s expense, and has not yet made a statement. After the completion of counting yesterday, Begich had defeated Stevens by 3,724 votes, a margin of over one percent. 2,500 special absentee and postal ballots remain to be counted on November 25.

Begich released a statement on his win saying, “I am humbled and honored to serve Alaska in the United States Senate. It’s been an incredible journey getting to this point, and I appreciate the support and commitment of the thousands of Alaskans who have brought us to this day.”

Young won his race by 16,280 votes, a margin of five percent.

Stevens recently became a convicted felon on seven counts for lying on Senate disclosure forms about accepting $250,000 in gifts and home renovations from VECO, an oil services company. He has asked President George W. Bush not to grant him a presidential pardon.

Retrieved from “https://en.wikinews.org/w/index.php?title=Senator_Ted_Stevens_loses_re-election_bid_in_Alaska_ballot&oldid=3123203”

Many Wonder If Unpaid Traffic Tickets Will Be Deducted From Tax Refund Checks

By Tony Lu

Many people wonder, will unpaid traffic tickets be deducted from tax refund checks, and the answer is it depends on the state in which an individual lives in. The state has the right to withdraw the money owed to them from the money an individual owes them. That is the short answer.

Many of the state and local governments are allowed to deduct unpaid parking tickets from an individuals state tax refund but the federal government is not in the habit of doing this. The federal tax refund could be held for federal student loans, unpaid social security and other federally granted commissions. Parking tickets fall under the jurisdiction of local government and then state when it comes to garnishing a tax refund.

If an individual is a student or planning on visiting the University of Virginia, they better park legally or pay the fine if they don’t. This University is one of the few that has special permission for taking traffic or parking ticket fines, which go unpaid for a certain length of time, out of people’s tax returns. Even if the person is using a rental car and think, they can never find me, think again.

[youtube]http://www.youtube.com/watch?v=Nm-EoIn_pxE[/youtube]

In California, Los Angels and San Francisco in particular, they will withhold the entire tax refund for unpaid parking violations and traffic tickets until the matter is resolved. This may mean hiring an attorney or going to the IRS (Internal Revenue Service) or the DMV (Division of Motor Vehicles) to sign paperwork giving the state the money that is owed to them so that the individual will be able to receive the rest of their refund. Whatever the method, it seems as if it is a hassle and the best way to avoid it is to park in designated areas and put enough money in the meters.

Since the new technology of red light cameras, people are not as likely to escape the ‘long arm of the law’ and claim a light was yellow when it was actually red. The intent of the red light cameras is to deter people from running the red lights and saving people’s lives from accidents. Many people feel the red light cameras are simply another way for their city to make money. A lot of protests have been held in regards to the red light cameras because they are typically placed near the poorer sections of town. This is where people are more likely to pay the fine then fight it with an attorney due to lack of funding.

There are many states in which parking and traffic fees are increasing with each passing week of non-payment. Some cities will offer a discount if the ticket is paid within five days or add on a percentage if the ticket is not paid within a certain amount of time. If an individual waits too long to pay their traffic tickets, they could risk having their car impounded and additional fees added to the original traffic ticket price. It is always a good idea to take care of a traffic violation as soon as it occurs rather then wait.

Besides a tax refund, some cities are getting special permission to add the parking and traffic ticket fines on to a persons personal property tax. These taxes must be paid before the end of the year in order to be able to renew a vehicles license plate. If an individual has waited a long time, then their fines may double or triple over a long period of time, making their personal property tax bill a very expensive debit at the end of the year.

Red-light runners, lead-footed drivers, free-parkers and others all need to pay the price for their crime, no matter how trivial they think it may be. If they do not pay, then the taxpayers of their community foot the bill. This is one reason why the government has given more access to these municipalities and small communities to the state income tax refunds. So the next time you might be thinking of parking illegally, ask yourself this question: will unpaid traffic tickets be deducted from tax refund checks, and think about the major hassle it will be to retrieve your tax refund once they have taken care of something that could have been handled simply by parking legally or paying the ticket right away.

About the author, New York traffic ticket can have a very bad impact on your driving record, never pay them, always fight them. Supported by suggest link

About the Author: New York traffic ticket can have a very bad impact on your driving record, never pay them, always fight them. Supported by suggest link

Source: isnare.com

Permanent Link: isnare.com/?aid=614774&ca=Legal

Thousands march in anti-Brexit protest, London

Thursday, March 28, 2019

Estimates by event organizers indicate roughly one million people marched in London on Saturday during an anti-Brexit (“British exit”) march, protesting the pending exit of the United Kingdom from the European Union (EU).

Protesters, carrying placards asking the government to revoke Article 50 — the EU treaty clause invoked by Brexit — and European Union flags, marched from Hyde Park Corner to Parliament. The mayor of London, Sadiq Khan, tweeted, “Here in London, thousands of people from across our city and country have come together with @peoplesvote-uk to send a clear message: Enough is enough – it’s time to give the British public the final say on Brexit.”

There were several speakers at the rally, including First Minister of Scotland Nicola Sturgeon, Labour MP (Member of Parliament) Tom Watson, and Sadiq Khan. Tom Watson called Prime Minister Theresa May’s proposed Brexit deal “lousy” and said he would only vote for it if the British people could also vote for or against it. Nicola Sturgeon said it was “the moment of maximum opportunity” for stopping a no-deal Brexit.

Some of the protesters Wikinews interviewed said they had gone to “defend [their] children’s right to live and work in Europe” and “secure [their own] right to work in the EU”. One interviewee said people changed their minds and several said they wanted the politicians to stop ignoring them.

Not everyone agreed there should be another referendum. One MP told the BBC, “We know that 16 million people wanted to stay in the EU, and some of those would still like to stay in the EU, and within that quite a few would like to have another go and have another referendum — but it was always a minority”.

In 2016, the United Kingdom held a referendum on whether to remain part of the European union, which it joined in 1973. About 52% of participating voters voted to leave and 48% to stay.

Retrieved from “https://en.wikinews.org/w/index.php?title=Thousands_march_in_anti-Brexit_protest,_London&oldid=4479129”

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