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NOCO Express raises more than $13,000 for United Way in July

NOCO Express raises more than $13,000 for United Way in July
NOCO Express customers and employees helped to raise $13,743 for the United Way of Buffalo & Erie County. Throughout the month of July, donations of $1, $3 or $5 were collected at all 36 NOCO Express stores through a paper t-shirt pin up campaign.

 

“Thanks to the generosity of our customers and employees, NOCO Express has donated more than $45,000 over the past three years through this in-store campaign to benefit United Way programs,” said Jim DeFilippis, vice president and general manager, NOCO Express. “As a family owned and locally operated company, we are proud to support organizations that benefit the Western New York community.”

 

How Identity Theft Can Affect Your Taxes

Tax-related identity theft normally occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Many people first find out about it when they do their taxes.

The IRS is working hard to stop identity theft with a strategy of prevention, detection and victim assistance. Here are nine key points:

Tax Professionals: Monitor Your PTIN for Suspicious Activity

Tax preparers can help protect clients and their businesses from identity theft by checking their PTIN Accounts to ensure the number of returns filed using their identification number matches IRS records.

Criminals are increasingly targeting tax professionals, not only to steal client data but also to steal the professionals’ data such as PTINs, EFINs or e-Service passwords. The IRS has teamed up with state tax agencies and the tax industry for a “Protect Your Clients; Protect Yourself” campaign to help increase awareness among tax professionals.

The IRS offers many preparers the ability to monitor “Returns Filed Per PTIN.” This information is available in the online PTIN system for tax return preparers who meet both of the following criteria. You must have:

Five Tax Tips about Hobbies that Earn Income

Millions of people enjoy hobbies. Hobbies can also be a source of income. Some of these types of hobbies include stamp or coin collecting, craft making and horse breeding. You must report any income you get from a hobby on your tax return. How you report the income from hobbies is different from how you report income from a business. There are special rules and limits for deductions you can claim for a hobby. Here are five basic tax tips you should know if you get income from your hobby:

Critical Path Program, $100K in Investment, Application Open Until August 26

Critical Path Program, $100K in Investment, Application Open Until August 26

BUFFALO, NY: Applications for the Critical Path, VilCap Communities Life Sciences Accelerator is due in approximate 5 days.  This is a small business program in partnership with University at Buffalo, Launch NY, InBN and WIN.

 

The Life Sciences Accelerator program is designed, according to sources, is to “assist scalable life sciences startups with mentorship from industry and investment experts.” The participating companies and organizations will use a peer selection process to provide each other feedback and choose two companies to receive a $50,000 investment each from the Launch NY Seed Fund.”

 

Inview Vehicle Trim: A Lifesaving Idea Whose Time Has Come

Inview Vehicle Trim: A Lifesaving Idea Whose Time Has Come

By Tom Torbjornsen

Last year I had the good fortune to meet a businessman and inventor named Peter Gold. Peter is a very interesting person, having started the highly successful Gold Glass Group in a garage in 1994. He has the unique gift of seeing a need and delivering it to the end consumer, and he also understands marketing and how to communicate. He holds over 80 patents for glass moldings that virtually eliminated hundreds of glass molding applications. Gold retired from Gold Glass Group in 2009, leaving a multimillion dollar corporation to family members.

Brilliant minds do not stop when they retire from industry, and such is the case with Gold. One day he asked himself how he could use his knowledge and business experience to save lives. The result was Inview Vehicle Trim®.

Four Reasons You Should Not Wait Until Extension Deadline to File Your Return

If you filed for an extension of time to file your 2015 federal tax return and you also chose to have advance payments of the premium tax credit made to your coverage provider. If you fall into this category, it’s important you file your return sooner rather than later. Here are four things for these taxpayers to know:

·         If you got a six-month extension of time to file, you do not need to wait until this fall to file your return and reconcile your advance payments. You can – and should - file as soon as you have all the necessary documentation.