Teachers prepare for strike!

first_imgExecutives of the Guyana Teachers Union, this morning held the first of two engagements where teachers announced at the Union’s Woolford Avenue headquarters, that they are fully on board with the strike action.The details of this and other stories can be found in the Tuesday, August 21, 2018 edition of the Guyana Times.last_img

Tax forms road maps to future

first_img Line 12, business income (or loss). As self-employed writers, this is where we report our net income from work. (If you work for an employer, you would look at line 7 for your wages, salaries and tips.) Even if it means paying more taxes, we want the number to grow during our working years. We managed a small increase last year, even as we cut back a bit on our writing, thanks to more publications running our stories and columns. Line 13, capital gain or loss. The main point here is not so much whether our investments went up or down last year (happily, they did go up on average). The point is that line 13 was sufficient to report our capital gains because all of them came from mutual fund distributions and not from any direct sale of securities, which would have required us to fill out a separate Schedule D form. Not having to mess with Schedule D is just reward for our strategy of holding high-quality investments for the long term. Line 28, for self-employed qualified plans. Our entry reminds us we were able to cut our taxes substantially by contributing – and thus deducting from our taxable income – more than half our combined work income to our self-employed 410(k) plans. If you work for somebody else, you can cut your taxes and taxable income by contributing to a regular 401(k) or similar plan. While such contribution won’t show up directly on your tax return, it will reduce dollar for dollar the amount on line 7. Lines 15 and 16 on Schedule A for gifts to charity. The tax savings here are a bonus (and available only if you itemize). The biggest reward is the satisfaction of helping others and contributing to a favorite cause. Humberto Cruz offers personal finance advice. Write him at AskHumberto@aol.com.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Enough time has passed that most of us have mercifully recovered from the mind-numbing task of filling out and filing our federal income tax returns. Now, I’m going to commit what seems like the ultimate act of mental cruelty by asking you to dig out the return you already filed and take another look. But I want you to look at your return in a more cheerful light – not as a dreaded government-imposed chore but as a personal road map for achieving your dreams. Reviewing your finances once a year is a useful exercise financial advisers often recommend. Many people do it at the beginning of the year or around their birthday. I prefer to do it at tax-filing time because much of the information I need is right there, on the tax return. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsMost Americans look at tax preparation as an isolated task, separate from the financial planning process, according to a recent study by the Hartford Financial Services Group. Among 1,103 taxpayers surveyed, two-thirds didn’t know the tax forms could provide a record of their savings strategies. “Many of us view tax preparation as drudgery and merely a look at our financial past,” said John Diehl, a certified financial planner with The Hartford. “In reality, similar to the way a medical chart can help us diagnose our physical health, our 1040 tax form can provide clues on where we are financially, and where we might go in the future.” For example, line 32 of the 1040 form inquires about deductions for individual retirement accounts. We should be contributing as much as possible to government and sponsored tax-deferred retirement vehicles such as IRAs and 401(k) and 403(b) plans, Diehl said. If you’re already retired, lines 15, 16 and 20 will show any income received from IRAs, pensions and annuities and Social Security benefits. Analyzing the numbers with the help of a professional, if needed, will help you determine whether you’re taking income the most tax-efficient way. In fact, just about every line on the 1040 form can help you pinpoint areas to examine and sharpen your financial plan, Diehl said. Here are a few my wife, Georgina, and I regularly look at, while also comparing our latest return with the previous one: last_img read more

Draw list for the round of 32 in the Europa League

first_imgNYON, Switzerland (AP) — Draw Monday for the round of 32 in the Europa League:First LegFeb. 16Athletic Bilbao (Spain) vs. APOEL (Cyprus)Legia Warsaw (Poland) vs. Ajax (Netherlands)Anderlecht (Belgium) vs. Zenit St. Petersburg (Russia)Astra Giurgiu (Romania) vs. Genk (Belgium)Manchester United (England) vs. Saint-Etienne (France)Villarreal (Spain) vs. Roma (Italy)Ludogorets Razgrad (Bulgaria) vs. FC Copenhagen (Denmark)Celta Vigo (Spain) vs. Shakhtar Donetsk (Ukraine)Olympiakos (Greece) vs. Osmanlispor (Turkey)Gent (Belgium) vs. Tottenham (England)Rostov (Russia) vs. Sparta Prague (Czech Republic)Krasnodar (Russia) vs. Fenerbahce (Turkey)Borussia Moenchengladbach (Germany) vs. Fiorentina (Italy)AZ Alkmaar (Netherlands) vs. Lyon (France)Hapoel Beer-Sheva (Israel) vs. Besiktas (Turkey)PAOK Thessaloniki (Greece) vs. Schalke (Germany)Second LegFeb. 23APOEL (Cyprus) vs. Athletic Bilbao (Spain)Ajax (Netherlands) vs. Legia Warsaw (Poland)Zenit St. Petersburg (Russia) vs. Anderlecht (Belgium)Genk (Belgium) vs. Astra Giurgiu (Romania)Saint-Etienne (France) vs. Manchester United (England)Roma (Italy) vs. Villarreal (Spain)Copenhagen (Denmark) vs. Ludogorets Razgrad (Bulgaria)Shakhtar Donetsk (Ukraine) vs. Celta Vigo (Spain)Osmanlispor (Turkey) vs. Olympiakos (Greece)Tottenham (England) vs. Gent (Belgium)Sparta Prague (Czech Republic) vs. Rostov (Russia)Fenerbahce (Turkey) vs. Krasnodar (Russia)Fiorentina (Italy) vs. Borussia Moenchengladbach (Germany)AZ Alkmaar (Netherlands) vs. Lyon (France)Besiktas (Turkey) vs. Hapoel Beer-Sheva (Israel)Schalke (Germany) vs. PAOK Thessaloniki (Greece)TweetPinShare0 Shareslast_img read more