FOR BREAKING NEWS VISIT www.couriersun.com JUNE 18, 2015 • The Courier sun 21 SAVE TAXES WITH SUMMERTIME PLANNING Call Now & End Your Tax Nightmare! Looking to reduce your 2015 income taxes? Consider these summertime strategies. • Take a credit for summer day care. If you have one or mor e children under age 13, your costs of in-home childcar e, a day care facility, or sending the kids to day camp may qualify for the Child and Dependent Care Tax Credit. The costs must be incurr ed to enable you (and your spouse, if you file jointly) to work or look for work and you generally must report some earned income. Payments to your spouse, your dependent, or your child who is under age 19 at the end of the year ar en’t eligible. Overnight camps and summer school tutoring won’ t qualify either. The credit can equal up to 35% of qualifying expenses, depending on your income. Total expenses are limited to $3,000 for one child and $6,000 for two or mor e. • Combine business with pleasure. Add vacation days to a summer business trip, and bring your family along. You can deduct most of your own (but not your family’s) unreimbursed costs, such as airfare and your shar e of meals and lodging during the business portion of your trip. • Put your kids to work. If you own a business, give your children a summer job. You can deduct their wages, and if you’re a sole pr oprietor, you needn’t withhold social security or Medicare taxes as long as your kids are under 18. They can even use their earnings to set up an IRA. • Clean out your garage and take a deduction. Donate your excess property to a qualifying charity and deduct the fair market value. Be sur e to get a receipt and check the documentation rules for highvalue items. If you have any questions about these “summer taxcutting ideas” or other tax, accounting, payroll or other business r elated matters, please call me at 718.894.1500 or email at info@ thetaxadvocategroup.com. We’re here to help you plan for 2015 tax savings. Getting closer to our Business Customers every day! • Owe the IRS more than $10,000? • Being Audited? • Unfi led Tax Returns? • Wage & Bank Levies? Co-Author of the best selling book “Breaking the Tax Code” (T) 877-TAX-1040 (F) 718-894-4476 Salvatore P. Candela, EA, ATA, ABA Enrolled Agent - Tax Advisor scandela@thetaxadvocategroup.com www.thetaxadvocategroup.com BY SALVATORE P. CANDELA. EA. ATA. ABA ADVERTORIAL Banking On More Than Technology The banking world is undergoing extensive change. More and more bank advertising promotes the latest technological advances, most of which seem to encourage people not to visit their branches. “Why go to a branch when you can do it online?” is an attitude that is becoming prevalent among many customers, large and small. Well, Sussex Bank has a better vision for the future. The Bank wants its customers to enjoy the ultimate banking experience online, but at the branch location as well. Imagine a bank branch concept that is hassle-free and convenient. Where the team assembled there can assist with multiple financial needs, as well as eliminate the teller window as a barrier. Where the traditional branch combined with a new “digital branch” allows customers the choice to easily bank online or on-site. This is exactly what has been achieved at Sussex Bank’s new Astoria location! Vito Giannola, Executive Vice President and Chief Retail Officer, is well aware of the changes that are going on in banking today. He points out that the big banks are consolidating in an attempt to be more efficient, resulting in fewer and smaller branches. Those remaining branches will have self-service kiosks, video teller machines and more technology over time, resulting in less personal interaction. And, since mobile and online banking Understanding business banking needs is what we do best. Choose us as your financial partner and you’ll get: • Knowledgeable Personal Bankers • Innovative Technologies including Online and Mobile Banking • Commercial Checking • Cash Management Services • Tri-State Insurance Agency — A wholly-owned subsidiary of Sussex Bank You can “bank” on our promise... we’re closer to our Customers! Toll-Free: (844) CLOSE-2-U (844) 256-7328 sussexbank.com In NJ: Andover • Augusta • Franklin • Hackettstown • Montague • Newton • Sparta • Vernon • Wantage In NY: Astoria • Port Jervis will continue to offer more services and conveniences in the future, opportunities for individualized attention and solutions are greatly diminished. Sussex Bank’s vision builds on the positive advances that technology will bring, but keeps the personal touch and individualization that they have become well-known for throughout their 11-branch network in Northern New Jersey. Astoria’s state-ofthe art Sussex Bank branch is the model for expansion that will be followed for additional branch openings in the near future. In this way, Sussex Bank continues to build deeper and more convenient ways to be closer to its customers, whether online or in person. 28-21 Astoria Blvd. Astoria, NY 11102 P (347) 472-1727 sussexbank.com Lending products subject to credit approval.
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