Our network

Business

Tax Tips for Those Who Started a Business in 2014

Tax Tips for Those Who Started a Business in 2014

According to the Small Business Administration, there are around half a million new businesses opening their doors each year. Many of the new businesses started in 2014 are considered small, joining the ranks of the nearly 28 million small businesses around the nation. With tax season upon us, it’s important that these new entrepreneurs know what to look for when preparing their taxes, which can make a big difference in how much they own come tax day.

“A new entrepreneur has a lot on their plate and they are busy with many things, but you don’t want to overlook tax issues,” explains John Gregory EA, tax practitioner and founder of 1040Return.com, a site providing tax preparation and resources. “It’s important for these new small business owners to take the time to consider all the tax deductions they can take so they lower their liability.”

CITY of MANASSAS PUBLIC WORKS to UPGRADE to $20 MILLION WATER TRANSMISSION LINE

CITY of MANASSAS PUBLIC WORKS to UPGRADE to $20 MILLION WATER TRANSMISSION LINE

As part of the City of Manassas Capital Improvement Program, Manassas’ water transmission main line has been slated for an upgrade, replacing the 24-inch water transmission main line with a 36-inch main line. The current, 45-year old water main line has served the City of Manassas well, but now that the line is approaching its useful life, it is being replaced with a water main line to supply the higher-demand for water, especially in the summer months, as well as improve overall system performance. The City of Manassas is currently working together with Prince William County, Va. along the Rollins Ford/Vint Hill Road/Route 28 road improvement areas, to replace the water transmission line, with project completion planned for 2020 at a total cost of more than $20 million.

CARMELLO’s 28th ANNIVERSARY: GET 28 PERCENT OFF DINNER FEB. 2 to FEB. 8

CARMELLO’s 28th ANNIVERSARY: GET 28 PERCENT OFF DINNER FEB. 2 to FEB. 8

Carmello’s of Old Town Manassas, Va. is celebrating its 28th anniversary on Feb. 6th. In gratitude to their customers, they’re offering 28 percent off dinner from Mon., Feb. 2 through Sun., Feb. 8, featuring their new winter menu. Menu prices vary.  For more information and reservations, go to www.carmellos.com.

“We are so thankful to our community and our patrons; 28 years is a long time and we appreciate all of their support,” said Alice Pires, owner of Carmello’s and Monza of Old Town Manassas, Va.

Top Features to Look for When Choosing Tax Preparation Software

Top Features to Look for When Choosing Tax Preparation Software

Tax preparation software has made big advances in recent years. Tax software is indeed a boon for people who do their taxes themselves. For those opting to not use the services of professional tax preparers, they can invest in good tax software to make the process of tax computation easy and quick. Before choosing the software, however, there are several factors that must be taken into account.

“You certainly don’t want to discover at the later stage that the tax software you chose is a complete blunder and not in line with your requirements,” explains John Gregory, tax practitioner and founder of 1040Return.com, a site providing tax preparation and resources. “It’s important to have an idea of the most essential features that you should look for in tax preparation software, because there are some major elements which you just cannot get by.”

Here are some of the most important things to look for when choosing tax preparation software:

LEARNINGRx of VIENNA/RESTON, VA. LEADS AWARD-WINNING JOB SHADOW PROGRAM

LEARNINGRx of VIENNA/RESTON, VA. LEADS AWARD-WINNING JOB SHADOW PROGRAM

Maureen Loftus, executive director of LearningRx of Vienna, Va., and Reston, Va. is leading the kick-off of the Tysons Regional Chamber of Commerce (TRCC) job shadow program for 11th and 12th grade students of Oakton, Madison and Marshall high schools in Fairfax County, Va., where students will shadow professionals in various industries in January and February. The program received a Blue Ribbon Award from Fairfax County Schools in 2014. Loftus is heading up the program as she is the chair of the TRCC’s Youth and Education Committee. For more information, go to www.learningrx.com.

MONZA to DONATE 10 PERCENT of PIZZA and HOUSE WINE SALES; SUPPORTS AMERICAN CANCER SOCIETY, Jan. 27

MONZA to DONATE 10 PERCENT of PIZZA and HOUSE WINE SALES;  SUPPORTS AMERICAN CANCER SOCIETY, Jan. 27

Monza of Old Town Manassas, Va. is hosting an American Cancer Society fundraiser on Tues., Jan. 27 from 4 p.m. to 9 p.m. Monza will donate 10 percent of all pizza and house wines sales from that night to the American Cancer Society. For information, go to www.eatmonza.com.

“We invite everyone to come out and help support the American Cancer Society, enjoy some brick-oven pizza and make a difference,” said Alice Pires, owner of Carmello’s and Monza of Old Town Manassas, Va.

6 Reasons to File Taxes Early

6 Reasons to File Taxes Early

When it comes to filing taxes, many people drag their feet and wait until the last possible minute. What they may not be aware of is that there are benefits to filing those taxes early. Being organized and on time will not only save you the last-minute hustle, but also give you the financial edge in several ways.

“It’s common for people to procrastinate when it comes to filing taxes, but that can end up leading to oversights and problems later,” explains John Gregory, tax practitioner and founder of 1040Return.com, a site providing tax preparation and resources. “It’s always better to file early and get that big task off of your to-do list.”

Here are six reasons to file taxes early: