Guest post by Staci Striegnitz
The heat is on already this summer in Colorado, especially after a drier-than-normal winter. Air conditioners are the second highest users of electricity. Here are our tips to save a little bit of money this summer on your energy bill if you are in Colorado. If you are not in Colorado, be sure to check your local energy company for similar rebates! So try out this tip to save a few dollars this summer on air conditioning and stay comfortable in your home, without spending more time in the frozen food section at Safeway.
Xcel Energy is offering rebates of up to $1000 to Colorado customers who purchase new qualifying high-efficiency central air conditioner systems, or air source heat pumps. The rebate lowers the initial cost of the unit, and the new equipment costs less to run – which is great for your bottom line. Plus, these newer units require less energy to operate – a bonus for our environment.
To qualify for the rebate: you must be located in a Colorado home that receives electricity service from Xcel Energy. Rebates are only issued for units that are installed by contractors who are participants of Xcel’s cooling program. (And proper installation generates the maximum energy savings for you!) Your new equipment must be installed between January 1, 2012 and December 31, 2012, and your application must be submitted no later than July 31, 2013. Window units, rooftop units, and ductless mini-split systems don’t qualify for the rebate program. There are also additional qualifications for trade-ins, which can be found on xcelenergy.com.
You can install more than one unit per house, but you will have to file separate paperwork for each rebate. However, it’s only a little paperwork that can go a long way on saving you some change this summer – and keeping you cool!
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Discussing faith, business, personal finance, news (business and financial related), politics, and pretty much everything else.
Friday, June 29, 2012
Thursday, June 28, 2012
Steps in Registering a Cyprus Company
guest post by Michalis Milonas
For a variety of reasons, Cyprus has been the perfect destination of investors who wish to have minimal tax liabilities. It stands-out against its fellow European Union Members because of its low tax rates and highly secured and confidential banking system.
If interested to pursue a Cyprus company registration, company owners are expected to follow the following administrative procedures:
Decisions on the Type of Legal Business
The government allows the establishment and registration of legal entities belonging to private or public companies, branch office of a foreign company, European companies or Societas Europeas, general or limited partnerships, and trade or business names.
Eligibility for Registration
The government allows legal and physical entities both from EU or non-EU countries to register a company in Cyprus. However, it is necessary that the said company acquire the services of a corporate lawyer duly licensed by the Cyprus Bar Association for the preparation of the Memorandum of Articles of Association together with the signed HE1 Declaration Form.
Approval of Company Name
After finding a lawyer that could represent the company and assist it with the legal documents required by the rules and regulations of the country, it is time for the approval of the Company Name. This can be done through the assistance of the hired lawyer or by the applicant himself. He may refer to the website of the Register and do a query with a list of possible company names in mind. He may then fill-out the Point of Single Contact Form and submit it to the Registrar or PSC together with the required payment for the relevant fees. In some instances, lawyers may offer “shelf names” to their clients for a speedier registration process.
Submission of Required Documents
The approval of your company name signals the submission of legal documents needed for the pursuance of the registration. These materials are as follow:
a. Memorandum of Articles of Association
b. Amount and Division of Nominal Share Capital
c. Relevant information of the proposed directors and secretaries, which includes their names, passport details and addresses
d. Proposed addresses of the company to be registered
e. Certified copies of the passports of its ultimate beneficial owners
f. Bank reference for the ultimate beneficial owners
g. Chain of ownership for the Cyprus Company with the indicated names of its ultimate beneficial owners
h. Other requirements required by the Know Your Clients (KYC) in compliance to the Anti-Money Laundering Law set by the CBA
i. Duly filled out Declaration Forms HE1, HE2, HE3
Payment of Fees
The following expenses are the minimum amount you need to pay for the registration of a Cyprus company:
a. €102.52 for the subscription fee plus an additional 0.6% of the nominal share capital as payment for the subscription tax
b. €51.27 for the submission of the HE1, HE2 and HE3 forms
c. Additional fees for optional services, primarily the translation of documents etc
d. An optional €85.43 for those who wish to accelerate the registration process
The Time Table
Once these has been submitted to the Registrar, the company owner may wait for 2 to 5 business days for its approval and registration; if and only if all the submitted documents are free of errors and omissions. After which, you are expected to file for a tax identification number at the Inland Revenue Department.
There are several technicalities required in the registration of a Cyprus company. For a speedier and more convenient process, it is best to find the perfect Cypriot partner agent adept with these processes.
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For a variety of reasons, Cyprus has been the perfect destination of investors who wish to have minimal tax liabilities. It stands-out against its fellow European Union Members because of its low tax rates and highly secured and confidential banking system.
If interested to pursue a Cyprus company registration, company owners are expected to follow the following administrative procedures:
Decisions on the Type of Legal Business
The government allows the establishment and registration of legal entities belonging to private or public companies, branch office of a foreign company, European companies or Societas Europeas, general or limited partnerships, and trade or business names.
Eligibility for Registration
The government allows legal and physical entities both from EU or non-EU countries to register a company in Cyprus. However, it is necessary that the said company acquire the services of a corporate lawyer duly licensed by the Cyprus Bar Association for the preparation of the Memorandum of Articles of Association together with the signed HE1 Declaration Form.
Approval of Company Name
After finding a lawyer that could represent the company and assist it with the legal documents required by the rules and regulations of the country, it is time for the approval of the Company Name. This can be done through the assistance of the hired lawyer or by the applicant himself. He may refer to the website of the Register and do a query with a list of possible company names in mind. He may then fill-out the Point of Single Contact Form and submit it to the Registrar or PSC together with the required payment for the relevant fees. In some instances, lawyers may offer “shelf names” to their clients for a speedier registration process.
Submission of Required Documents
The approval of your company name signals the submission of legal documents needed for the pursuance of the registration. These materials are as follow:
a. Memorandum of Articles of Association
b. Amount and Division of Nominal Share Capital
c. Relevant information of the proposed directors and secretaries, which includes their names, passport details and addresses
d. Proposed addresses of the company to be registered
e. Certified copies of the passports of its ultimate beneficial owners
f. Bank reference for the ultimate beneficial owners
g. Chain of ownership for the Cyprus Company with the indicated names of its ultimate beneficial owners
h. Other requirements required by the Know Your Clients (KYC) in compliance to the Anti-Money Laundering Law set by the CBA
i. Duly filled out Declaration Forms HE1, HE2, HE3
Payment of Fees
The following expenses are the minimum amount you need to pay for the registration of a Cyprus company:
a. €102.52 for the subscription fee plus an additional 0.6% of the nominal share capital as payment for the subscription tax
b. €51.27 for the submission of the HE1, HE2 and HE3 forms
c. Additional fees for optional services, primarily the translation of documents etc
d. An optional €85.43 for those who wish to accelerate the registration process
The Time Table
Once these has been submitted to the Registrar, the company owner may wait for 2 to 5 business days for its approval and registration; if and only if all the submitted documents are free of errors and omissions. After which, you are expected to file for a tax identification number at the Inland Revenue Department.
There are several technicalities required in the registration of a Cyprus company. For a speedier and more convenient process, it is best to find the perfect Cypriot partner agent adept with these processes.
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go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
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"People don't plan to fail, they fail o plan."
- Anonymous
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go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
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Monday, June 25, 2012
Arizona Imigration Law a Mixed bag According to the Supreme Court
The Supreme Court issued its ruling on the Arizona Immigration law, but said they won't announce their ruling on Obama's healthcare (sometimes referred to as Obama Care) until Thursday. As for the immigration decision today they stroke down parts of the law, but left intact the central structure of the law.
If someone is stopped for speeding lets say, then yes if their immigration status is questioned they should be checked out. This is not stopping them randomly just to check out their immigration status. There shouldn't be anyone that has a problem with this. Likewise I find it hard to understand why anyone who immigrated to this country legally, waiting in all those lines, putting in the effort to get here legally, why would they support someone who bypassed all those channels and came here illegally. Thus in of itself makes them criminals. I support legal immigration, but I do not condone illegal immigration or any other illegal activity. Since it is a criminal act, it should be dealt with accordingly.
The High Court said regarding what was a 5-4 decision on the remaining three issues that the national government had power to regulate immigration and that Arizona could not enforce laws that undermined that power, even though the Court could understand it's frustration with the problems illegals cause.
So what were those three provisions?
I have problems with registering, it raises all kinds of privacy concerns for me, but since I am not sure exactly what that is all about I can't say a whole lot. If it is paying takes and getting a social security number like the rest of Americans/get a green card, okay, but if it is a special registration over and above that then I have alarm bells ringing in my head. Also I have huge problems with warrant-less arrests. The other provision is already a crime under federal law so i am not sure why that was struck down. It is a law that that needs to enforced better by all law agencies.
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My name is Kevin, and that's what I think. What do you think? Agree? Disagree?
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The court unanimously sustained the law’s centerpiece, the one critics have called its “show me your papers” provision. It requires state law enforcement officials to determine the immigration status of anyone they stop or arrest if there is reason to suspect that the individual might be an illegal immigrant.To me I don't understand how anyone could have a problem with this. Lets take a look at the keywords in the statement above.... " It requires state law enforcement officials to determine the immigration status of anyone they stop or arrest if there is reason to suspect that the individual might be an illegal immigrant."
- New York Times
If someone is stopped for speeding lets say, then yes if their immigration status is questioned they should be checked out. This is not stopping them randomly just to check out their immigration status. There shouldn't be anyone that has a problem with this. Likewise I find it hard to understand why anyone who immigrated to this country legally, waiting in all those lines, putting in the effort to get here legally, why would they support someone who bypassed all those channels and came here illegally. Thus in of itself makes them criminals. I support legal immigration, but I do not condone illegal immigration or any other illegal activity. Since it is a criminal act, it should be dealt with accordingly.
The High Court said regarding what was a 5-4 decision on the remaining three issues that the national government had power to regulate immigration and that Arizona could not enforce laws that undermined that power, even though the Court could understand it's frustration with the problems illegals cause.
President Obama said that he was "pleased" with the Court's decision to strike down some aspects of the law, but he voiced his concern about the remaining provision.Well Obama just doesn't want to enforce the federal law at all, and is disappointed that at least one state will enforce it. Obama needs to learn to follow the law and he needs to learn to follow the Constitution, and stop making up his own laws.
- New York Times
So what were those three provisions?
- a provision that made it a crime under state law for immigrants to fail to register under a federal law
- a provision that made it a crime for illegal immigrants to work or to try find work
- a provision that allowed the police to arrest people without warrants if they have probable cause to believe that they have done things that would make them deport-able under federal law
I have problems with registering, it raises all kinds of privacy concerns for me, but since I am not sure exactly what that is all about I can't say a whole lot. If it is paying takes and getting a social security number like the rest of Americans/get a green card, okay, but if it is a special registration over and above that then I have alarm bells ringing in my head. Also I have huge problems with warrant-less arrests. The other provision is already a crime under federal law so i am not sure why that was struck down. It is a law that that needs to enforced better by all law agencies.
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My name is Kevin, and that's what I think. What do you think? Agree? Disagree?
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What is Warren Buffet Thinking?
As many of the regular readers of this blog knows one of the people I admire, at least when it comes to business and finances is the so called Great Oracle of Omaha, Warren Buffet. Well he has been in the news a great deal recently.
First off in April we learned he has been diagnosed with prostate cancer.
According to the USA Today, it is still in the early stages and studies say that 91% of these cancers caught this early are survived even after 15-years. Buffet on his part says he will start radiation in July.
More recently we have learned that he has been buying up large blocks of newspapers, most small weeklies. Even though the reports that the newspaper industry is a dying industry.
Since the 63 papers bought back in May (2012) he has bought what Seeking Alpha reports as his 66th newspaper, this past Friday he added to his collection of newspapers the Waco Tribune-Herald.
Finally on June 22, 2012 we learned the Buffet and his companies vice-chairman Charlie Munger has become the latest financial advisers/gurus to not buy gold.
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According to the USA Today, it is still in the early stages and studies say that 91% of these cancers caught this early are survived even after 15-years. Buffet on his part says he will start radiation in July.
it is reported that one of the world’s richest and a long-term-focused investor, Warren Buffett, has been actually ramping up his investments in newspapers. AFP’s Rob Lever reports that over the past year, Buffett has invested up to $350 million in the newspaper industry. Investments include $200 million in the Omaha World-Herald (seen by some analysts as a sentimental investment), $142 million into the Media General chain of 63 newspapers, and another $2 million into Lee Enterprises, owner of the St. Louis Post Dispatch and Arizona Daily Sun. Buffett’s Berkshire-Hathaway Company also holds investments in The Buffalo News and The Washington Post Co.
- Smart Planet blog
Since the 63 papers bought back in May (2012) he has bought what Seeking Alpha reports as his 66th newspaper, this past Friday he added to his collection of newspapers the Waco Tribune-Herald.
In a freewheeling discussion to a private channel, Warren Buffett, Chairman of Berkshire Hathaway (NYSE: BRK.A and BRK.B) has exhorted investors to invest in productive businesses instead of buying gold.I must say I admire his tenacity and have to agree that I like the newspaper business as well, and I have discussed similar sentiments about gold. Although I have allowed guest posters that have posted contrary thoughts. I would love to hear what you think, Is Buffet still a wise investor or is becoming senile? The comment fields are now open.
A day before ,Vice-Chairman of Berkshire Hathaway, Charlie Munder also expressed similar sentiments when he said, (civilized people don’t buy gold”. Investing in gold is a computer game and the company abhors such tricks to make money, he added.
- Finance Enquiry
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Wednesday, June 20, 2012
More Freebies
Free Eat-Smart(r) Bar
Get a free Eat-Smart(r) Bar packed with 27 grams of protein! Request this free sample and start building a superior body!Free slice of pie from Waffle House(r)
Do you like pie? Well for a limited time (till June 27, 2012) you can get a free slice of pie from the Waffle House(r). Offer is for dine in only. Available in AL, AK, AZ, AR, CT, DE, FL, GA, IL, IN, KS, KY, LA, MD, NM, NC, OH, OK, PA, SC, TN, TX, and VA.Free box of Nestle(r) Drumstick
You can enter to win a free box of Nestle(r) Drumsticks. They are giving away 1000 box a day!100 Free American Airlines Miles
This one is probably my favorite freebie today. If you visit their Facebook page and “Like” them, you can get 100 free American Airlines miles for learning about their miles donation program. This will also reset your miles expiration date, which is 18 months from most recent activity. No worries, if you already like them, just fill out the form to get your 100 free miles to.---
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Free cup of Dreyers(r) Slow Churned Ice Cream
Get a free cup of Dreyers(r) Slow Churned ice cream. Please note their is a limited number of coupons daily, so if you miss today try tomorrow. Offer is void in CA, CO, LA, NV, and TN.
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go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
follow me on Twitter and facebook
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go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
follow me on Twitter and facebook
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