Glass Jacobson Presents an Innovative Business Model
November 25, 2009 | 
Subscribe to our RSS Feed
OWINGS MILLS, Md. – November 25, 2009 – At last month’s Integra International Worldwide conference in Montreal, Owings Mills-based wealth management firm Glass Jacobson demonstrated its leadership and forward thinking to a global audience.
First Time Homebuyer Credit – Some BASIC Info
November 23, 2009 | Subscribe to our RSS Feed
Q. What is the credit?
A. The first-time homebuyer credit is a new tax credit included in the Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest-free loan because it must be repaid over a 15-year period. The credit was expanded in 2009 for homes purchased in 2009, increasing the amount of the credit and eliminating the requirement to repay the credit, unless the home ceases to be your principal residence within the 36-month period beginning on the purchase date. It was further expanded in late 2009 to extend deadlines and to allow long-time homeowners buying replacement homes and people with higher incomes to qualify for the credit.
Feds Looking To Help Small Business
November 19, 2009 | Subscribe to our RSS Feed
Treasury Secretary Timothy F. Geithner presided over the Small Business Financing Forum presented by the Treasury Department and the Small Business Administration (SBA) on November 18 in Washington, D.C. While the program was aimed at exploring financing issues, recent tax cuts were highlighted as a potential method by which the government could help small businesses increase their cash flow during the current tough economic environment.
Christine Schmitz Awarded Personal Financial Specialist Credential
November 18, 2009 | Subscribe to our RSS Feed
Glass Jacobson is pleased to announce that our own Christine Schmitz has been awarded the Personal Financial Specialist (PFS) Credential by the American Institute of Certified Public Accountants (AICPA).
Deductions for New Autos – Expires this year!
November 13, 2009 | Subscribe to our RSS Feed
In 2009, you can deduct the state or local sales and excise taxes imposed on the purchase of a qualified motor vehicle after February 16, 2009, and before January 1, 2010. A qualified motor vehicle includes a passenger automobile, light truck, or motorcycle, the original use of which begins with that purchaser and that has a gross vehicle weight rating of 8,500 pounds or less.