Business/negocío Business/Opportunity Updates BROWN BAG SEMINAR: PATENTS, COPYRIGHTS, TRADEMARKS, COMPUTER LAW FOR BUSINESSES Jan. 8 from 6 to 8 pm. You will learn what businesses need to know about intellectual property and cyberspace. This is for business owners with intellectual property to protect such as a website, brochures or logo and for inventors who want more information on the best way to protect and patent their inventions. At The Small Business Development Center, 2579 S. Loop 289, Lubbock, TX, $29 per person. Call Elaine @ 806-745-1637 to register. SMALL BUSINESS SALES TAX WORKSHOP Jan. 14 from 6 to 8 pm No fee, compliments of the SBDC. If you have questions about…..completing sales tax returns, what’s taxable and what’s not, your responsibility as a taxpayer…..we have the answers! Presented by the Texas Comptroller’s office. At the Small Business Development Center, 2579 S. Loop 289, Lubbock, TX. Call Elaine @ 806-745-1637 to register. 1099S – AM I SUPPOSED TO PREPARE THOSE? Jan. 16 from 6 to 7 pm. This is a one hour presentation about 1099s for small businesses. Topics to be discussed include information about 1099s, filing dates, and requirements. No fee. At the Small Business Development Center, 2579 S. Loop 289, Lubbock, TX. Call Elaine @ 806-745-1637 to register. GETTING STARTED WITH ACCOUNTING SOFTWARE Jan. 22 from 9 am to 4 pm $79 per person. This workshop will show you how to use QuickBooks® software to set up your small business bookkeeping. The class is designed for individuals who are new to bookkeeping software and want to learn how to enter basic, day-to-day transactions for their small business. We will also cover basic accounting concepts that are necessary to understand bookkeeping. This is an all day event. Lunch will be provided. at The Small Business Development Center, 2579 S. Loop 289, Lubbock, TX. Call Elaine @ 806745-1637 to register. SBA OPPORTUNITIES Jan. 30 from 6 to 8 pm. No fee. Presented by the Small Business Administration and the SBDC. Looking for financing and need some answers? Then this workshop is for you! Topics discussed will be: *Information on SBA loans *What a business owner should have before applying for a loan *What the banker is looking for in a loan *Other programs and services available from the SBA. at The Small Business Development Center, 2579 S. Loop 289, Lubbock, TX. Call Elaine @ 806-745-1637 to register.
NCLR Stresses a Balanced Approach to Deficit Reduction anet Mur- ing job growth. The Congressional J guía, Presi- Budget Office (CBO) calculated that dent and CEO the “fiscal cliff”—the combination
of NCLR (National Council of La Raza), was joined in a telephonic press briefing by Rep. Xavier Becerra, D–Calif., Jason Furman, Assistant to the President for Economic Policy and Principal Deputy Director of the National Economic Council, and Julie Rodriguez, Associate Director of Latino Affairs and Immigration for the White House Office of Public Engagement, for a discussion on how to address the country’s budget challenges with a balanced approach that protects vital programs for Latinos, which could be potentially gutted by automatic cuts. “Jobs and the economy continue to be the top priority for the Hispanic community, which came out to vote in record numbers in November, and the potential consequences of the looming fiscal cliff are of great concern to Latinos,” Murguía said. “In fact, an election eve poll by Latino Decisions/impreMedia showed that Latinos support a fair, balanced and shared approach to deficit reduction. We need to protect the most vulnerable among us in this process. This is also not the time to raise taxes on working and middle-class families.” Failing to negotiate an agreement on deficit reduction will have dire consequences for all Americans, potentially derailing our fledgling economic recovery and suppress-
LOWV to hold Legislative Breakfast
Senator Duncan and Representatives Frullo and Perry will discuss the upcoming Legislative Session at the League of Women Voters’ Legislative Breakfast on Friday morning, January 4th, from 7:30 to 9:00 am in the Arnett Room of Covenant Lakeside Hospital, 4000 24th St. The public is invited to attend and hear the perspec-
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of tax increases and deep budget cuts that will automatically take place at the beginning of the New Year— would return the unemployment rate to more than 9 percent nationally. Latinos face an unemployment rate of 10 percent and cannot afford reckless actions that threaten to drag our economy back into recession. NCLR is also extremely concerned that a poorly crafted budget deal could gut the nonprofit infrastructure that serves and supports much of our community. NCLR Affiliates provide fundamental services that educate, feed and treat our children, train our workers, open the doors to homeownership, stave off foreclosure and secure other human services. We have witnessed the serious impact of past major budget cuts, such as during the Reagan administration and 1996’s welfare reform, on our Affiliates, and we fear that many may once again have to abruptly end programs or close their doors altogether. “Balancing the budget on the backs of poor, working and middle-class families will only succeed in broadening the opportunity and achievement gaps that exist for many communities, including the Hispanic community, in this country,” Murguía added. “Enacting severe austerity measures, especially while our fragile economy is still recovering, will erode economic mobility and keep our community from reaching its full potential. We must work together to advance a fair economy where sacrifice is shared and prosperity is available to all.”
Business & Tax Tips By Jaime D. Garcia PENDING ACTION BY CONGRESS WILL DICTATE THE FUTURE FOR TAXES If the Administration and Congress do not reach an agreement and the “Fiscal Cliff”, comes into the picture, we will go to the Pre-Bush Tax Era, which means higher tax rates. However, I believe that they will eventually compromise. One tax rate that will go up is the tax on unearned income. This type of income is generally referred to as net investment income. Net investment income is gross income from interest, dividends, annuities, royalties, and rents. Also, net gains attributable to
the disposition of property, other than property held in a trade or business, are considered unearned income. So let’s wait and see what happens in the next few days or weeks. In the mean time, have a very Prosperous New Year! For complete professional information, consult you tax advisor. JAIME D. GARCIA has been the owner of Associated Business services since 1978. He earned a degree from Texas Tech. He specializes in Accounting and Small Business consulting. Call (806) 744-1984 for more information.
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tives of our Lubbock area delegation, ask questions, and explore issues that affect our community. Individual tickets are $20 and premier tables of eight are $200. You may make reservations by phone at 744-0023 or email at lwvlubbock@att.net and pay at the door. Deadline for making reservations is January 2nd.
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