President Elect Obama: Saturday Radio Address 11.08.08

Transcript: On Tuesday, Americans stood in lines that stretched around schools and churches in numbers this nation has never seen. It didnt matter who they were or where they came from; what they looked like or what party they belonged to they came out and cast their ballot because they believed that in this country, our destiny is not written for us, but by us. We should all take pride in the fact that we once again displayed for the world the power of our democracy, and reaffirmed the great American ideal that this is a nation where anything is possible. This week, I spoke with President Bush, who graciously offered his full support and assistance in this period of transition. Michelle and I look forward to meeting with him and the First Lady on Monday to begin that process. This speaks to a fundamental recognition that here in America we can compete vigorously in elections and challenge each others ideas, yet come together in service of a common purpose once the voting is done. And that is particularly important at a moment when we face the most serious challenges of our lifetime. Yesterday, we woke to more sobering news about the state of our economy. The 240000 jobs lost in October marks the 10th consecutive month that our economy has shed jobs. In total, weve lost nearly 1.2 million jobs this year, and more than 10 million Americans are now unemployed. Tens of millions of families are struggling to figure out how to pay the bills and stay in their homes. Their ...



http://www.youtube.com/watch?v=c0cXvHLKjIQ&hl=en

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4/14/10: White House Press Briefing

White House Press Briefings are conducted most weekdays from the James S. Brady Press Briefing Room in the West Wing.



http://www.youtube.com/watch?v=oFwIuOVVrCU&hl=en

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Simple Guide to Get Government Grants For Debt Relief

Debt relief government grants are the solution to the financial crisis problem that has been hanging in the air. Also known as the stimulus package, these grants are being awarded to citizens in heavy debt and cannot, by themselves, settle the outstanding bills. For a while, many believed that it was just a myth but as time went by, the checks came rolling in for those around them, and they saw that it was real. For those that have not fully grasped how, where and when to get debt relief government grants, here is a simple how-to guide.

To begin with, you have to be in debt, be it credit card related, or no-payment threatening the foreclosure on your home or the idea of filing for bankruptcy looms and you have no source of income to pay it back. It is also good to know that the debt relief government grants do settle hospital and medical bills. You also have to be an American citizen and unfortunately, immigrants do not qualify.

Once you fit that profile, you can now apply for the debt relief government grants and you can do this simply by logging on to the government website and looking for the link and necessary information needed. You will then fill in the required information and you must give a viable reason for needing the grants. The application is also in form of a proposal for a business or an income-generating idea that will raise government eyebrow.

As this must be done professionally and in good taste, kindly acquire help from grant experts and if necessary get some training or information on how to write a great proposal. From there on out, it's all about waiting and hoping for the best in getting the debt relief government grants approved.

There are companies that assist in debt settlement. What one can do is before paying any fee for these services, one must do a background check on the particular companies. They are normally non-governmental organizations, have been in the business for some time, and must have an impressive track record in settling debts. In that way, you will not fall prey to con artists and even tarnish your record. You must also ensure that whenever you apply, do it well in advance so you may have the grant in time. In addition, it is not a loan, which means you owe the government nothing in return, except your gratitude.

NOTE: Getting a debt relief government grant is the easiest way of becoming debt free in the shortest span of time.

H. Milla runs the Debt Relief Government Grants website - see his best rated debt relief service to cut off your debt in half and a state of the art software that makes securing a grant a piece of cake.

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Federal Stimulus Money and Debt Relief - How Stimulus Money Has Helped Consumer Debt Relief

The federal stimulus money given to almost every American this tax season is proven to be very beneficial in boosting our economy. As federal stimulus money is given to boost profits in our economy, there is mounting evidence that proves it is beneficial. Although the times for business are at an all-time quarterly negative GDP, these stimulus acts are shown to crucially benefit our struggling economy. Now that Obama is in office, Americans are worried that where the money is going is not as helpful as it could be. Yet in the last six months, a boost of $88 billion dollars has been spread throughout our economy in hopes to boost the economic slump. Of the $88 billion, the majority has gone to low-income residents. Nearly $28 billion has flowed to Medicaid; $19 billion to unemployment; $10 billion to state educational programs which primarily target the poor; $4 billion to student financial assistance, and $1 billion to rental assistance. And these are only among the big ticket items.

The biggest factor in debt relief programs, such as the "American Recovery and Reconstruction Act" and "Making Work Pay Program", is where the consumer will be investing the federal stimulus money. Optimally people in need of debt relief will use their federal stimulus money to help pay off outstanding debt. This in turn will lower the outstanding debt that many people are struggling with. So, If in fact the consumer will pay off at least some of their pre-existing debt, that in turn will help to inspire more debt relief programs to be set in place.

If you have credit card debt or other unsecured debt over $10,000 you should really consider a debt settlement. There are hundreds of debt settlement companies that will help you eliminate up to 70% of your unsecured debt but to find the best companies you should use a debt relief network that helps consumers find legitimate companies in their state. Check out the following link for a legitimate debt relief network:

Free Debt Help

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Coming to Grips With the Making Work Pay Tax Credit

The American Recovery and Reinvestment Act of 2009, better known as the Stimulus Bill, included many provisions to promote economic activity. One was specifically designed to help the average worker. It is known by the tongue twister name Making Work Pay Tax Credit.

The Making Work Pay provision is fairly straight forward. It is the equivalent of 6.2 percent of your income. This means that if you make $50,000, then you would theoretically get a tax credit of $3,100. In truth, the benefit is capped at $800 for joint filers and $400 for individual filers. The Making Work Pay provision is in place for the 2009 and 2010 tax years.

So, where is my check? This very question has resulted in a host of confusion and problems. There is no check. Instead, the benefit is reflected in reduced withholdings from your paycheck. You should have noticed an increase of roughly $30 in your take home pay in each one. Over the year, this will add up to the provision.

The problem with this approach is it opens people up to scams. There are a host of spam emails floating around promising to provide taxpayers with their stimulus check. All the recipient has to do is download a file or provide personal information about their bank account and so on. As you can imagine, the download is a malicious file and the personal information requests are used for identity theft or other nefarious purposes.

One legitimate area of confusion has to do with self-employed taxpayers. Since many do not have a bi-monthly paycheck per se, not adjustment can be made to their withholdings. That doesn't mean the credit isn't available to them. To take advantage of it, self-employed individuals should modify their estimated tax payments to reflect the reduced tax that needs to be paid in.

The Making Work Pay tax credit is a very nice tax bonus. Even better, it will be available through 2010, providing relief where it is dearly needed.

Thomas Ajava writes for ToledoBusinessTaxAttorneys.com - where you can find Toledo business tax attorneys to help you with all of your business tax issues.

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African American Homeowners Top 6 Most Missed Tax Deductions

A U.S government report estimates the average person pays $400 each year because of missed tax breaks and savings incentives (401K, Roth IRA and IRA plans). African Americans pay even more because of a lack of knowledge of current tax laws - and lack of money to hire professional consultation.

For example, according to a 2002 Government Accounting Office report, would you believe nearly one million people failed to itemize there home mortgage interest? This alone cost those homeowners over $473,000,000? (Ouch!)

One of the biggest advantages of home ownership continues to be the generous tax deductions the Federal and State Governments allow you to take each year. But despite the generosity of the government (how often do you hear that statement) many Black homeowners miss money saving deductions each year.

Another key to taking the best advantage of owning a home is tax planning. The best way to use your home to lower your tax burden next year is to start planning this year. Take the time to consult with a qualified tax planner to set up an effective action plan.

Here are points to consider when preparing your taxes this year and developing a tax plan for next year. Make sure you consult with a qualified tax professional before acting on any of these suggestions.

1. Federal Tax Credit for Energy Efficiency.

A tax credit can give you a major savings. A tax credit will lower the income tax you'll have to pay. The difference between a tax deduction and a tax credit is major. A tax deduction only reduces your income taxable income, a tax credit brings down the tax itself (big difference).

Note: As of this writing, 2007 is the final year to claim a tax credit for an energy efficient home improvement. You have until April 15, 2008 to take advantage of this tax credit on your 2007 income tax return for home improvements done on your personal home that qualify.

2. Missing or Misusing the Earned Income Tax Credit.

An earned income tax credit is a refundable tax credit created to reduce or eliminate the taxes that low-income married or single working people pay (like payroll taxes, for example) and often acts as a wage subsidy for low-income workers.

Unfortunately lawmakers (Congress) made it one of the most confusing tax code provisions. To give you an idea, the IRS itself reports failure to claim the earned-income tax credit as it number six top taxpayer mistake.

Guess what the number seven taxpayer mistake is. Incorrectly claiming the credit. So make sure you have a sharp up-on-there-game tax consultant for this one. But if you qualify it's worth it.

Many of the single mothers and low income families have a problem. With the tax credit designed to help them, many lack the tax knowledge or money needed to hire a professional to claim those dollars. For help with this problem Click Here!

3. Don't Forget The Point.

If you bought your home this year and it's your principle home you may deduct the points you paid to get the mortgage. This loan fee qualifies as an itemized interest deduction in the year you bought your home. You can check the IRS Form 1098 your lender sent you in January or February. You'll find the proof of payment on your loan closing papers.

4. Deduction Romance with Refinance.

If you refinanced your mortgage in 2007, you must deduct the mortgage refinance fees over the life of the mortgage. For example, if you refinanced and paid loan fee points to secure the loan, the loan points are not fully deductible in 2007. Instead, you must deduct the cost over the life of the loan.

5. Prepayment Penalty Positive.

If you paid off a mortgage early, triggering a prepayment penalty, you can deduct that expense on your Schedule "A" income tax interest deduction form.

6. Don't Forget to Count Your Escrow Account.

Double check your escrow impound account if you have one. Don't forget to double-check and deduct you property taxes paid in 2007.

Note: Make sure you double-check whether your lender paid the tax collector in the year you claimed the deduction. For example, just because you made the payment to your lender on time doesn't make the amount tax deductible - unless the tax collector received it before December 31.

Conclusion

As the 2007 tax deadline closes in, make sure to make it a personal resolution to save all the money you can from Uncle Sam's clutches. The key as always, is current information and action. Millions of dollars go into government coffers from uninformed taxpayers (by accident) - because of not knowing, now hopefully you won't be one of them.

Roy Primm Founder and Publisher of BlackHomeOwnerNews.com the largest source of information for black homeowners. Find one of the largest selection of African American Home Decor [http://www.blackhomeownernews.com/africanamericandecor.html]

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Starting Advice For an Outsourcing Company

The choice to outsource one or more office functions can be made for a variety of reasons. One of the primary reasons is the financial relief it can deliver. By outsourcing functions to an offshore provider or a third-party business, the company can focus more resources on expanding its core business and competencies. There are several details that must be kept in mind for the process to be smooth and without too much hassle. Not every situation will be the same as previous ones, but there are some guidelines that an outsourcing company can follow.

The first order of business is to do research on various outsource services. Cost is always a consideration when looking for a BPO company, but that should not be the only determinant. Check the portfolios and experience of the companies to see if they have handled anything that matches the main company's situation. In the long-term, an outsourcing firm with experience in the specific type of service a client requires is a better investment. Also, attempt to check for the quality of the services provided. The work done by the outsourcing firm will ultimately reflect on the client's business, and it would be ideal for this to be firmly positive.

Designate a liaison for the BPO companies to which you will outsource tasks. This would make it far simpler for both sides to communicate, as there is only one point of contact. This does not mean that the designated representative is the only one that can provide input on how the IT outsourcing firm handles the project. Rather, the liaison is supposed to represent the collective interests of the client company and relay this information to the service provider. This is meant to streamline communications and prevent confusion.

If there is no third-party offshore outsourcing company, then it would be best to check any requirements before setting up the office. This includes any permits and registrations that may be required to outsource in the area. Consult the local government offices for requirements before setting up a business. Check deals for office space that would fit current needs and offer room for early expansion. Some advise that it would be more economical to acquire office equipment locally, unless the hardware needed is unavailable.

Whether the business decides to outsource on its own or via a third-party provider, it is always advisable to designate personnel for training. The local talent pool may have the skills, but the company must still provide the direction needed to have the project head where it needs to go. The training personnel will likely need to remain in the offshore office for an extended period, probably training the first two or three batches of employees.

Whether the IT outsourcing comes from a third party or is an offshore office of the main company, there are things that need to be considered. Factoring in details like how to streamline communications or how to improve training can go a long way towards making an offshore venture work. For more information, go to http://www.365outsource.com.

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