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Clarence Agency Encourages Vendors to Buy Local

Clarence Agency Encourages Vendors to Buy Local

CLARENCE, NY- Buying local is now a central concern for one local industrial development agency.

On February 17th, The Clarence Industrial Development Agency became the first IDA in Western New York to pass a resolution urging recipients of IDA funding to buy local before they purchase products or services from vendors that are located outside the community.

“We strongly encourage businesses that have been helped by the Clarence Industrial Development Agency to buy from suppliers in Western New York,” Town of Clarence Supervisor and CIDA Board Member Scott Bylewski said.

Gas Prices Rising, But Slower Than National Average

Gas Prices Rising, But Slower Than National Average

BUFFALO, N.Y. - As of Monday, February 28, average retail gasoline prices in Buffalo have risen 13.4 cents per gallon in the past week, averaging $3.47/g Sunday. This compares with the national average that has increased 17.0 cents per gallon in the last week to $3.34/g, according to gasoline price website BuffaloGasPrices.com.

Including the change in gas prices in Buffalo during the past week, prices yesterday were 60.7 cents per gallon higher than the same day one year ago and are 16.3 cents per gallon higher than a month ago. The national average has increased 25.3 cents per gallon during the last month and stands 64.9 cents per gallon higher than this day one year ago.

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Ten Facts About IRS Volunteer Tax Assistance

Ten Facts About IRS Volunteer Tax Assistance

Taxpayers looking for free basic income tax preparation assistance may qualify for IRS sponsored community-based, volunteer tax return preparation programs.

Here are the top 10 things the IRS wants you to know about these volunteer programs.

1.         The IRS sponsors both the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs. 

2.         The IRS Volunteer Income Tax Assistance Program offers free tax help to people who earn less than $49,000. Most locations offer free electronic filing. 

3.         The Tax Counseling for the Elderly Program offers free tax help to taxpayers who are 60 and older. 

Last Chance for WNY Nonprofits to Drive Away in New Ford Van

Last Chance for WNY Nonprofits to Drive Away in New Ford Van

Deadline to Submit Ford Friendship Express Applications is March 1, 2011 

BUFFALO, N.Y. – The Ford Dealers of Western New York are reminding area nonprofit organizations that the March 1st deadline is quickly approaching for eligible groups to apply for a new van through the 2011 Ford Friendship Express program. Now in its 16th year, the program has already awarded 62 vans valued at more than $1 million.

In 2010, Homespace, Inc. and the Boys and Girls Clubs of the Northtowns took home new Ford vans. Additional past recipients include: Computers for Children, Kids Escaping Drugs, SABAH, Meals on Wheels of Buffalo and Erie County, Friends of the Night People, St. Luke’s Mission of Mercy, Camp Good Days & Special Times, Student Union at SUNY at Buffalo, Goodwill Industries of Western New York, Rural Transit Service, American Red Cross, The Buffalo Zoo and more.

NOCO Express Recognized by Convenience Store Industry

NOCO Express Recognized by Convenience Store Industry

TONAWANDA, N.Y. - NOCO Express was recognized by CSP Information Group for its efforts in utilizing consumer-friendly technologies.  Henry Bays, general manager, accepted the Customer Experience Award at CSP’s recent Convenience Retailing University conference in Arizona. CSP Information Group publishes Convenience Store Petroleum, the leading convenience store industry publication.

“Today’s consumers are more tech savvy than ever before and have come to expect the latest technology from retailers,” said Michael Newman, executive vice president. “Keeping the NOCO brand top of mind and in front of customers both at our Express stores and at home helps drive traffic into our stores.” 

Important Tax Law Changes for 2010

Important Tax Law Changes for 2010

Taxpayers should make sure they are aware of many important changes to the tax law before they complete their 2010 federal income tax return.

Here are several important changes that the IRS wants you to keep in mind when you file your 2010 federal income tax return in 2011.

Health Insurance Deduction Reduces Self Employment Tax  In 2010, eligible self-employed individuals can use the self-employed health insurance deduction to reduce their social security self-employment tax liability in addition to their income tax liability. As in the past, eligible taxpayers claim this deduction on Form 1040 Line 29. But in 2010, eligible taxpayers can also enter this amount on Schedule SE Line 3, thus reducing net earnings from self-employment subject to the 15.3 percent social security self-employment tax.

Are Your Social Security Benefits Taxable?

Are Your Social Security Benefits Taxable?

The Social Security benefits you received in 2010 may be taxable. You should receive a Form SSA1099 which will show the total amount of your benefits. The information provided on this statement along with the following seven facts from the IRS will help you determine whether or not your benefits are taxable. 

1.         How much – if any – of your Social Security benefits are taxable depends on your total income and marital status.

2.         Generally, if Social Security benefits were your only income for 2010, your benefits are not taxable and you probably do not need to file a federal income tax return.

 3.         If you received income from other sources, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status.