Township Authorizes Sale of 2 Liquor Licenses
Montgomery Township has authorized the sale by public bid of two liquor licenses: one plenary retail distribution license and one plenary retail consumption license.
All prospective bidders must complete the bid documents in their entirety and attach all required documentation and submit it to the Township Clerk at the Township Municipal Building at 2261 Van Horne Road, Belle Mead, NJ, 08502, on or before 10 am on June 20, 2008
Mercer Co. Chamber of Commerce May/June events
PRICE: 2007 Luncheons: $35 for members in advance, $40 members at the door, $55 non-members
Breakasts & Seminars: $25 for members in advance, $30 members at the door, $35 non-members
Evening Networking Events: Check website for pricing
Visit the Chamber website at www.mercerchamber.org for further details and updates, and to register and pay online, or call the Chamber Office at (609) 689-9960.
MAY 2008
13th – Mercer Regional Chamber of Commerce Hamilton Chapter Luncheon: Join members and friends for an interesting presentation by Donald Scarry, J.D., Ph.D called "Economic Trends and What It Means for Business in New Jersey". Location: Nottingham Ballroom, 11:30 a.m.-1:30 p.m. Catering by Mastoris.
14th - The Trenton Chapter of the Mercer Regional Chamber of Commerce presents Wachovia's Good Morning Trenton Breakfast Series featuring a discussion on Housing and Economic Development in Trenton. This discussion will be headed by Sasa Olessi Monano, Director of the Department of Housing and Economic Development. Come learn more about all the exciting opportunities in the city and ways that you can use them to grow your business! Location - Trenton Club; Time - 8:00 AM - 9:30 AM. Sponsor: Wachovia
15th- Mercer Regional Chamber of Commerce Lawrence Chapter Evening Networking Event: Bring plenty of business cards for pure networking with members and friends at the Lawrence Chapter. Location: Chambers Walk Café & Catering, 5:30-7:30 p.m.
20th- Chamber Business Institute Seminar: In partnership with the TCNJ Small Business Development Center, join us for a seminar by Liz Illgen of Practical Management Solutions entitled: “Financial Goal Setting-Finding Your Break Even Point” Attendees with receive information and sources necessary to determine the break-even point for a product, product line, business segment, or the company in total through the use of Income Statements, Simple Financial Models, and the use of industry and product data. By using simple financial analysis, a business owner can determine at a glance how well the company is doing and whether adjustments need to be made before problems arise. Location: MRCC Conference Room, 8 a.m. Reservations are required.
22nd - Mercer Regional Chamber of Commerce Women in Transition Seminar: Join the Mercer Regional Chamber of Commerce Women in Business Committee and Rider University as they host a seminar on Workforce Alternatives. The seminar is ideal for those re-entering the workforce after child rearing years; women who want to make a change and want access to reliable resources; women who have never worked and want to enter the workforce and women who are looking for networking opportunities. Receive practical, hands-on experiences from skilled professionals through panel discussions and workshops and strategies to enhance your confidence and address your fears associated with transition. Come and network with women who have been through the transition and have succeeded. Breakfast and lunch are provided with cost of registration. Location: Rider University, Registration at 8 a.m., Program: 9 a.m.- 2:45 p.m.
22nd- Mercer Regional Chamber of Commerce General Membership Power Luncheon: Get inspired by motivational speaker Dr. Teena Cahill and network with members and friends. Topic: Turning Adversity into Advantage. Visit Teena’s website, www.teenacahill.com, for more information on her presentations and topics. Location: Rider University, 11:30 a.m.-1:30 p.m. There will also be a book signing. Luncheon Sponsor: Stark and Stark
JUNE 2008
4th – Mercer Regional Chamber of Commerce Breakfast Club Meeting: Join us at this unique breakfast club, featuring our “out of the box” networking. Bring plenty of business cards. Location: Erini Restaurant, Ewing; 8 a.m.
4th – Mercer Regional Chamber of Commerce Trenton Chapter “Why Not Wednesday’s” Evening Networking Event. This is an informal gathering of members and friends to discuss local business issues. 5 – 7 p.m., Location: KatManDu
5th – The Mercer Regional Chamber of Commerce Robbinsville Chapter:
Come networking and learn about: Why internal controls are important for any business. Discussion of audits in general; of small businesses, non profits, and government. Presenter: Jill Ann Murphy, CPA, Manager, The Mercadien Group; 8 a.m., Location: Roma Bank, Rte. 33, Robbinsville.
5th – The Mercer Regional Chamber of Commerce Hopewell Chapter Evening Networking Event:
The Hopewell Chapter proudly presents "A Tribute to Farming and Open Space" at this outdoor networking event. Speaker: Charles Kuperus, NJ Secretary of Agriculture. There will also be a presentation of the "Outstanding Community Service Award" to Ruth Luse of the Hopewell Valley News at this event. 4:30 – 6:30 p.m., Location: Hart Farm, Hopewell, NJ. Sponsors: Hopewell Valley Community Bank, Capital Health System, Township of Hopewell, Hopewell Valley Vineyards. Entertainment by: Mountain View Music; catering by: Pennington Quality Market.
6th – Chamber Business-to-Consumer Expo at Trenton Thunder. Come and support our member vendors who will be exhibiting their products and services, while enjoying an evening of baseball at Waterfront Park. .For tickets to the game, please call Trenton Thunder directly at 394-3300. Game Time: 7:05 p.m. Game night sponsor: Hopewell Valley Community Bank.
10th – Mercer Regional Chamber of Commerce Networking Event Under the Tent: Join Chamber members and friends for the largest of its kind networking event under a tent in the Mercer Regional Chamber of Commerce Parking Lot. This promises to be a fun evening with food samplings, compliments of the Hamilton Restaurant Association and the Philly Pretzel Factory, “Games of Chance” by Chick-Fil-A, entertainment provided by Thursday Night Jazz, haircuts provided by Fantastic Sams, our first time “flog” challenge” by The Trenton Rescue Mission, prizes and more. Sponsors: Fast Teks, Merrill Lynch, The Bank of Princeton, AAA Mid-Atlantic, Trap Rock, PSE&G, St. Francis Medical Center and L & A Tent Rentals.
12th – Mercer Regional Chamber of Commerce Economic Development Forum Roundtable Series: This is the second of a series of four forums which will address economic development issues in the region, focusing on “Purchase Power”… shared services advancing inward migration” “Shared services” is touted as a means to reduce government spending and impact property taxes. However, in a “home rule” state, how can shared services be successful? Join us as we explore incentives and best practices in shared services. We will review examples at different levels of government, interlocal agreements and corporate-government partnerships that can have an impact on spending and savings. Panel Facilitator: William Dressel, Executive Director, NJ League of Municipalities; Panelists: To be announced; 8 a.m.; Location: Trenton Country Club
14th - The Robbinsville Chapter of the Mercer Regional Chamber of Commerce 3rd Annual
Robbinsville Township Business Fair Held in conjunction with the Robbinsville Township Community Festival (Rain date: June 15, 2008); 2 – 6 p.m. Please call Tim McGough at (609) 259-1553 if you have any questions.
17th – Mercer Regional Chamber of Commerce Business Institute: In partnership with the TCNJ Small Business Development Center, join us for a seminar entitled:
“Building Sales in Today’s Competitive Ever Changing Environment”Presenter: Angelo Scialfa, Marketing Partnerships
RESERVATIONS ARE REQUIRED!
8 a.m., Location: Mercer Regional Chamber of Commerce Conference Room
19th – Mercer Regional Chamber of Commerce General Membership “Power” Luncheon: Topic: How Is Mercer County a Player in the Port System”. 11:30 a.m. – 1:30 p.m.; Location: Princeton Marriott Hotel; speaker: Richard F.X. Johnson, Senior Vice President, Matrix
26th – Mercer Regional Chamber of Commerce Lawrence Chapter Evening Networking Event; location: Weeden Park - Corner of Main Street & Craven Lane (Next to post office) Rain location: Chambers Walk Café & Catering. Live Music.
5 – 7 p.m. Catered by Chambers Walk Café & Catering.
IRS Increases Mileage Rates through Dec. 31, 2008
IRS Increases Mileage Rates through Dec. 31, 2008
IR-2008-82, June 23, 2008
WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
The rate will increase to 58.5 cents a mile for all business miles driven from July 1, 2008, through Dec. 31, 2008. This is an increase of eight (8) cents from the 50.5 cent rate in effect for the first six months of 2008, as set forth in Rev. Proc. 2007-70.
In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2008. The IRS normally updates the mileage rates once a year in the fall for the next calendar year.
"Rising gas prices are having a major impact on individual Americans. Given the increase in prices, the IRS is adjusting the standard mileage rates to better reflect the real cost of operating an automobile," said IRS Commissioner Doug Shulman. "We want the reimbursement rate to be fair to taxpayers."
While gasoline is a significant factor in the mileage figure, other items enter into the calculation of mileage rates, such as depreciation and insurance and other fixed and variable costs.
The optional business standard mileage rate is used to compute the deductible costs of operating an automobile for business use in lieu of tracking actual costs. This rate is also used as a benchmark by the federal government and many businesses to reimburse their employees for mileage.
The new six-month rate for computing deductible medical or moving expenses will also increase by eight (8) cents to 27 cents a mile, up from 19 cents for the first six months of 2008. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile.
The new rates are contained in Announcement 2008-63 on the optional standard mileage rates. Announcement 2008-63 on mileage rates will appear in Internal Revenue Bulletin (IRB) 2008-28, date 7/14/08.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
Mileage Rate Changes
Purpose Rates 1/1 through 6/30/08 Rates 7/1 through 12/31/08
Business 50.5 58.5
Medical/Moving 19 27
Charitable 14 14
Lebedin Honored by Coldwell Banker - Associate of the Month
STEVEN LEBEDIN HONORED AS SOMERSET COUNTY ASSOCIATE OF THE MONTH WITH COLDWELL BANKER RESIDENTIAL BROKERAGE
IN HILLSBOROUGH/MONTGOMERY
HILLSBOROUGH/MONTGOMERY, N.J. – May 29, 2008 – Steven Lebedin, sales associate with Coldwell Banker Residential Brokerage in Hillsborough/Montgomery, New Jersey, was recently recognized as the company’s Somerset County Associate of the Month for April.
A perennial top producing sales professional and industry veteran whose specialties include new construction, corporate relocation and working with first-time home buyers, Lebedin ranked first within his office and among all Coldwell Banker Residential Brokerage sales associates in Somerset County in terms of overall sales production for the month. For information about buying or selling a home in the greater Somerset County area, contact Steven Lebedin with Coldwell Banker Residential Brokerage in Hillsborough/Montgomery at (908) 874-8421. The Hillsborough/Montgomery office is located at Raider Boulevard and U.S. Highway 206. You can also view the company’s listings on the Internet at www.coldwellbankermoves.com.
Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York, a leading residential real estate brokerage company, operates more than 65 offices with more than 3,500 sales associates serving all communities from Rockland County, N.Y. to Monmouth County, New Jersey. Coldwell Banker Residential Brokerage in New Jersey and Rockland County, N.Y. (www.coldwellbankermoves.com) is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT LLC, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.
IRS Help for Disabled Vets and Retirees with Economic Stimuls package
IRS Launches Summer Push to Reach Retirees and Disabled Veterans Who Have Yet to File for Their Economic Stimulus Payments
IR-2008-80, June 19, 2008
WASHINGTON — The Internal Revenue Service today announced a new summer campaign to reach those retirees and disabled veterans who qualify for the economic stimulus payment but have not filed to claim it. New statistics released today indicate about 74 percent in this group are accounted for in the stimulus payments currently being sent, leaving about 5.2 million potential recipients remaining.
For all taxpayers, the IRS has issued 76.5 million payments worth $63.8 billion based on 2007 tax returns processed so far. The agency expects to issue 124 million payments to Americans by year’s end. Eligible individuals are receiving up to $600 ($1,200 for married couples filing joint returns) plus $300 for eligible children younger than 17.
“The IRS has delivered. Only 70 days after the legislation became law, the IRS started putting the money in the hands of tens of millions of Americans. This summer, we will go the extra mile to help the remaining retirees and disabled veterans get their payments,” said Doug Shulman, IRS Commissioner.
A special stimulus category includes recipients of certain benefits from Social Security and Veterans Affairs who do not normally have a requirement to file a tax return. However, these individuals must file a tax return before Oct. 15 this year to receive their economic stimulus payments. The IRS has accounted for 74 percent of Social Security and Veterans Affairs beneficiaries out of about 20 million initially identified as being potential stimulus recipients. All but 5.2 million of those have been accounted for as either having filed a return, having filed a joint return, or as not being eligible for a stimulus payment (for example, they were claimed as a dependent on another’s return).
Most people only need to file a tax return as they normally do. The IRS will calculate eligibility and the payment amount. However, many retirees and veterans do not normally file a tax return because their benefits are not taxable. This year, they must file in order to receive an economic stimulus payment.
Shulman also stressed to retirees that receiving the stimulus payment should have no impact on other federal benefits currently being received. The stimulus payment is not taxable. Absent any other filing requirements, filing a tax return to receive a stimulus payment does not mean that retirees will have to start filing tax returns again.
The IRS has identified 5.2 million retirees and veterans' beneficiaries who potentially are eligible for the stimulus payments. Later this summer, the agency will send them a special letter that explains stimulus payment eligibility and how to claim it. The letter will include a sample tax form and an actual tax form that people can complete and mail to the IRS. This will be the second special mailing to reach those individuals.
The IRS also is working with members of Congress, state and local officials and national partners such as AARP, the National Council on Aging, United Way of America, National Disability Institute and others to continue its extensive outreach efforts to the retiree and veterans’ communities through the summer. The IRS will take the lead in coordinating face-to-face free tax preparation sessions with the help of local community partners at locations where these individuals live, work and socialize such as senior housing, Veterans Affairs hospitals and assisted living facilities.
The agency also reminded people that it has more than 400 local Taxpayer Assistance Centers operating normal business hours Monday through Friday. These centers can provide assistance to retirees and veterans trying to receive their payments. A list for addresses and office hours can be found at “Contact My Local Office” at www.irs.gov.
Henderson Sotheby’s International Realty – Business Profile
John T. Henderson Realtors is returning to Montgomery as Henderson Sotheby’s International Realty, after selling the business in 1998 due to a family illness. And they are coming back to the same location on Rte. 206 they had so many years ago to write the next chapter in this family-owned business story.
“The fun part,” says Peggy Henderson, “is re-opening in the same spot. It’s so exciting for us.”
Henderson Sotheby’s International Realty is the latest company of a third generation real estate legacy. John T. Henderson, Sr., Peggy’s father-in-law, opened the first company in Princeton in 1953. His son (Peggy’s late husband) John Jr., joined in 1970 after leaving a career in advertising, and in the late 1970s, opened the office in Montgomery. At that time, they were the only real estate office in the Township.
The company continued to flourish in the Township until Peggy’s son, Judson, was diagnosed with lymphoma in 1998, just after his honeymoon. The Hendersons knew they could not give both their son and their business their best attention, so they decided to sell the business to Gloria Nilson. Nilson, in turn, sold it to GMAC.
Once Judson made a full recovery and was healthy again, he knew he wanted to get back into the real estate business. In 2001, the Hendersons opened Princeton Real Estate. In 2005, the company began its affiliation with Sotheby’s, which has allowed them to broaden their exposure and reach a much wider market.
“It has taken us to a completely different level in what we can offer our clients,” explains Judson.
The business was and still is very much a family affair. Judson remembers being at the office from five or six years old and being put to work emptying waste paper baskets and cleaning. Today Judson and his brother Matthew Henderson run the business together while Peggy continues as a Broker/Salesperson. Judson is the Broker of Record and Matthew is a Sales Associate and handles the financial aspects of the business.
In 2006, they opened an office in Pennington, and on July 1 they will re-open their Montgomery office in the same location they operated originally.
“With the unparalleled resources of our Sotheby affiliation, a keen emphasis on traditional print media, and an understanding that the Internet has reinvented our business, we recognize that we are at the forefront of a rapidly changing industry – and those changes have only just begun,” says Judson.
The company’s unique marketing approach has produced dramatic results. At time when the perception is that the real estate market is slow, Judson explains that last year was the most profitable year ever for the company and that first quarter 2008 was the their best quarter ever.
The Hendersons are happy to be returning to their roots in Montgomery. “We look forward to serving the Montgomery market we know so intimately,” says Judson.
Henderson Sotheby’s International Realty, 2161 Rte. 206 North, Belle Mead. For more information, call 609-924-1099 or visit their website at www.hendersonsir.com.
Summer Time Tax Tips from the IRS
NJ-2008-27, June 12, 2008
MOUNTAINSIDE NJ — Summer time is a great time to start preparing for next year’s tax filing season. That’s right…taxes. Being aware of tax issues — and preparing yourself for some tax breaks — will make that summer vacation even more enjoyable. So check out these tips for newlyweds, working students, parents with children at day camp, plus some “After April 15th” reminders. And, have a great summer!
Advice for Newlyweds
It may not be high on the wedding planning to-do list, but there are a few, simple steps that can help keep tax issues from interrupting newly-wedded bliss. Here are some practical things to attend to when the honeymoon's over:
Report any name change to the Social Security Administration, so your name and social security
number will match when you file your next tax return.
Report any address change to the U.S. Postal Service — they'll forward your mail and let IRS know. You may also notify the IRS directly by filing Form 8822, Change of Address.
Report any name and address changes to your employer to ensure receipt of your paychecks and Form W-2 during tax season.
Consider whether you'll file joint or separate tax returns.
Check your withholding status using the automated “IRS Withholding Calculator” available on the “Individuals” page at the IRS.gov Web site.
If you're buying a home, find out which expenses may be deductible and which are not.
Tips for Working Students
All employees have income tax withheld from their pay, right? Not necessarily. You may be exempt from withholding if:
you can be claimed as a dependent (usually on a parent's return),
your total 2008 income will not be over $5,450,
your unearned income (interest, dividends, etc.) will not exceed $300, and
you had no income tax owed for 2007.
You'll still have to pay Social Security and Medicare taxes, but skipping unnecessary income tax withholding will put more money in your pocket now. Read Form W-4 carefully before filling it out for your employer.
If customers tip you, those tips are taxable income. You must keep track of the amounts, include them on your tax return, and — if they total $20 or more in a month — report them to your employer by the middle of the next month.
Check-out IRS Publication 531, Reporting Tip Income, IRS Publication 1872, Tips on Tips (for food or beverage industry workers), and Form W-4, Employee's Withholding Allowance Certificate (with worksheets to figure how many allowances to claim).
Summer Day Camp
Many working parents must arrange for care of their younger children under 13 years of age during the school vacation period. A popular solution — with a favorable tax benefit — is a day camp program. Unlike overnight camps, the cost of day camp counts as an expense towards the child and dependent care credit. Of course, even if your childcare provider is a sitter at your home, you'll get some tax benefit if you qualify for the credit.
Check-out IRS Publication 503, Child and Dependent Care Expenses.
After April 15th Reminders
Where’s My Refund?
Are you wondering when you will receive your tax refund? You can check on the status of your refund through the IRS Web site at www.irs.gov using the “Where’s My Refund?” tool. You should have your tax return with you. You will be asked for your Social Security Number, filing status and refund amount. You can also check on your refund by calling the IRS Refund Hotline at 1-800-829-1954. Again, have a copy of your tax return with you.
Economic Stimulus Payment Questions
Have questions about your Economic Stimulus Payment? The most up to date information is available on the Economic Stimulus Payments Information Center on the home page of the IRS.gov Web site.
If you have not yet filed your 2007 federal income tax return, your economic stimulus payment will be delayed.
If you are not normally required to file a 2007 tax return, it is not too late to file in order to receive an economic stimulus payment. Certain retirees, disabled veterans and others who normally do not file a tax return can still submit a 2007 form to receive an economic stimulus payment. People who have no tax filing requirement but have at least $3,000 in qualifying income should file a simple Form 1040A. Qualifying income includes any combination of earned income, nontaxable combat pay as well as certain payments from Social Security, Veterans Affairs and Railroad Retirement. However, you should file your 2007 tax return as soon as you can. The sooner the IRS receives your tax return, the sooner you will get your stimulus payment. Tax returns should be filed by October 15 to get a stimulus payment this year (in 2008).
Tax Forms and Publications
For more information and to access IRS forms and publications, go to the IRS Web site at www.irs.gov. Also, forms and publications can be ordered by calling toll-free 1-800-TAX-FORM (1-800-829-3676).
IRS tips for safeguarding financials in case of storms
IRS Encourages Taxpayers to Safeguard Tax, Financial Records
in Preparation for Hurricane Season and Summer Storms
MOUNTAINSIDE NJ — With the start to the Atlantic hurricane season, the Internal Revenue Service encourages taxpayers to safeguard their records. Some simple steps can help individual and business taxpayers protect financial and tax records in case of hurricanes and other disasters.
“The IRS encourages taxpayers to protect tax and financial documents that can be hard to replace,” IRS spokesperson Gregg Semanick said. “A little planning can help safeguard valuable information in case a hurricane or other disaster strikes.”
Listed below are tips for individuals and businesses on maintaining financial and tax records.
Paperless Recordkeeping
Many people now receive bank statements and documents by e-mail or over the Web. Paper records such as W-2s, tax returns and other documents can be scanned into an electronic format. With documents in electronic form, taxpayers can copy them onto a USB flash drive as a backup, in case the taxpayer’s computer and paper files are destroyed. Other options include copying files onto a CD or DVD. Many retail stores also sell computer software packages that can be used for recordkeeping.
When choosing a place to keep your important records, convenience to your home should not be your primary concern. Remember, a disaster that strikes your home is also likely to affect other facilities nearby, making quick retrieval of your records difficult and maybe even impossible.
Documenting Valuables and Business Equipment
The IRS has disaster loss workbooks for individuals (Publication 584) and businesses (Publication 584-B) that can help you compile a room-by-room list of your belongings or business equipment. This will help you recall and prove the value of items for insurance and casualty loss claims. One option is to photograph or videotape the contents of your home and/or business, especially items of greater value.
Update Emergency Plans
Emergency plans should be reviewed annually. Personal and business situations change over time as do preparedness needs. Individual taxpayers should make sure they are safekeeping current documents such as tax-related records, home closing statements and insurance records. When employers hire new employees or when a company or organization changes functions, emergency plans should be updated accordingly and employees should be informed of the changes.
IRS Is Ready to Help
When disaster strikes, the IRS is ready to help with valuable information that can be requested if tax records are destroyed.
Immediately after a casualty, a taxpayer can request a copy of a return and all attachments (including Form W-2) by using Form 4506, Request for Copy of Tax Return.
An information return or transcript can be ordered by calling 1-800-829-1040 or using Form 4506-T, Request for Transcript of Tax Return. There is no fee for a transcript. Transcripts are available for the current year and returns processed in the three prior years.
IRS.gov is also an indispensable resource. The following sources contain information regarding disaster preparedness and what to do when a disaster strikes:
Tax Relief in Disaster Situations (http://www.irs.gov/newsroom/article/0,,id=108362,00.html)
Reconstructing Your Records (http://www.irs.gov/newsroom/article/0,,id=152317,00.html)
Publication 552, Recordkeeping for Individuals (http://www.irs.gov/publications/p552/index.html)
Publication 583, Starting a Business and Keeping Records (http://www.irs.gov/publications/p583/index.html)
Belle Mead Garage Inc Introduces 'Modern Day Muscle Machine'
The 2009 Dodge Challenger models are becoming the newest fun ride and necessity vehicle for this time of year
Belle Mead, NJ (Grassroots Newswire) July 1, 2008 -- The gas prices may be soaring, but that isn't stopping travelers from taking family trips.
According to a recent study by USA Today, for many destinations, flying is at least twice as expensive as driving. Therefore, the all-new 2009 Dodge Challenger makes perfect sense for cruisers in the Belle Mead area looking to take family trips this time of year, as well as throughout the coming seasons, said Roy K Higgins of Belle Mead Garage Inc.
"We call it the modern day muscle machine - with head-snapping styling and cutting-edge technology," Higgins said. "Not only does the Dodge Challenger come in three different styles, its features are great for family trips this summer, and it offers comfortable space for those long trips and modern features that everyone wants. The staff here at Belle Mead Garage Inc is thrilled roll out these new vehicles to the community!"
According to Higgins, the Dodge Challenger is the first five-passenger two-door coupe produced from the company's proven rear-wheel-drive platform that delivers the Dodge Charger and Chrysler 300. Developed with Dodge's credo of "bold, powerful and capable," the 2009 Dodge Challenger is available in three models featuring three available engine options and an automatic or manual transmission. Dodge dealers across the country are now taking orders for the 2009 Dodge Challenger, which will arrive this fall.
The 2009 Dodge Challenger has several modern amenities available, Higgins said, including uconnect gps with navigation system and real-time traffic, uconnect phone featuring Bluetooth(r) technology, uconnect studios with SIRIUS Satellite Radio, Remote Start and Keyless Go push-button start. In addition, the Dodge Challenger has more than 25 safety and security features including supplemental side-curtain air bags, Anti-lock Brake System (ABS), Electronic Stability Program (ESP), Brake Assist, Traction Control, automatic headlamps, tire pressure monitoring and Hill-Start Assist in Dodge Challengers with the six-speed manual transmission.
The following are details about the all-new 2009 Dodge Challenger
models:
* 2009 Dodge Challenger SE
The Dodge Challenger SE comes standard with a 3.5-liter High Output V-6 engine which produces 250 horsepower (186 kW) and 250 lb.-ft. (339 N•m) of torque. Mated with a four-speed automatic transmission, the Dodge Challenger SE achieves an estimated 18 miles per gallon (mpg) in the city and 25 mpg on the highway with a U.S. MSRP of $21,995 (including $675 destination).
Other standard features on Dodge Challenger SE include comfortable seating for up to five adults, best-in-class cargo space (16.2 cu. ft.), 60/40 split-folding rear bench with arm rests and two cup holders, 17-inch aluminum wheels with P215/65R17 all-season tires, four-wheel disc brakes, side-curtain airbags, remote keyless entry, eight-way power driver's seat, fold-away power mirrors, power locks and windows with express-down, air conditioning, AM/FM/CD radio with MP3 capability and four speakers, cloth low-back bucket seats, manual-tilt and telescoping steering wheel, dual-covered visor vanity mirrors and tire pressure warning lamp.
* 2009 Dodge Challenger R/T
Featuring the new-generation 5.7-liter HEMI V-8 engine, the Dodge Challenger R/T produces an estimated 370 horsepower (276 kW) and 398 lb.-ft. (540 N•m) of torque when paired with the standard five-speed automatic transmission. The 5.7-liter HEMI engine with five-speed automatic transmission is equipped with fuel-saving multi-displacement
(MDS) technology which increases fuel economy by as much as 20 percent without sacrificing performance. The U.S. MSRP for the all-new 2009 Dodge Challenger R/T is $29,995.
Other standard features on the 2009 Dodge Challenger R/T include dual chromed rectangular exhaust tips, ABS, ESP, Brake Assist with vented brakes, 18-inch machined aluminum wheels with P225/60HR18 all-season touring tires, fog lamps, body-color exterior mirrors, leather-wrapped steering wheel and shift knob, illuminated visor vanity mirrors, rear body-color spoiler and cast-metal fuel door.
The available Track Pak features the Tremec TR-6060 six-speed manual transmission with "pistol-grip" shifter for $995. When the six-speed manual transmission is paired with the 5.7-liter HEMI V-8, it produces an estimated 375 horsepower (280 kW) and 404 lb.-ft. (548 N•m) of torque. The Track Pak also includes Hill-start Assist, limited-slip differential, bright pedal covers and performance steering.
* Dodge Challenger SRT8
The 2009 Dodge Challenger SRT8 offers an available six-speed manual transmission or standard five-speed automatic transmission mated to the SRT-exclusive 6.1-liter HEMI V-8 engine that produces 425 horsepower (317
kW) and 420 lb.-ft. (569 N•m) of torque. New for 2009 is a standard limited-slip differential, High Performance Red and B5 Blue (late
availability) exterior paint and black hood stripes. A classic "pistol-grip" shifter is included with the available Track Pak which includes the Tremec TR-6060 six-speed manual transmission with Hill-start Assist. The U.S. MSRP for the 2009 Dodge Challenger SRT8 is $39,995 (including $675 destination).
Other standard features on the 2009 Dodge Challenger SRT8 include a race-inspired interior featuring performance seats with a red accent stripe and added bolstering which keeps customers in place under spirited driving conditions, four-bomb gauges with tachometer and 180 mph speedometer in the center, "Performance Pages" reconfigurable display that features 0 - 60 mph, 1/4 mile, and 1/8 mile times, uconnect gps, unique SRT-tuned ESP and ABS calibrations, 20-inch fully-forged aluminum wheels, red, painted Brembo brakes, hood with functional dual hood scoops, functional black painted rear spoiler and a unique exhaust note.
Street and Racing Technology (SRT) is Chrysler's in-house performance engineering organization that focuses on five pillars for every SRT
vehicle: bold exterior design that resonates with the brand image, a race-inspired interior, world-class ride and handling across a dynamic range, a standout powertrain and benchmark braking.
# # #
Parents Can Get Credit for Sending Kids to Day Camp
IRS Summertime Tax Tip 2008-04
Here's a tax break for the busy summer. Many working parents must arrange for care of their children under 13 years of age during the school vacation period. A popular solution - with a tax benefit - is a day camp program.
The cost of day camp can count as an expense towards the child and dependent care credit. Expenses for overnight camps do not qualify. If your childcare provider is a sitter at your home or a daycare facility outside the home, you'll get some tax benefit if you qualify for the credit. =20
The credit is generally 20% to 35% of non-reimbursed expenses; up to $3000 in expenses for one child and up to $6000 for two or more children. The actual credit is also based on your income. The 35% rate applies if your income is under $15,000; the 20% rate, if your income is over $43,000.
For more information, check out IRS Publication 503, Child and Dependent Care Expenses available on the IRS Web site, IRS.gov or by calling 800-TAX-FORM (800-829-3676).
IRS Summertime Tax Tip 2008-01
Why wait? You may be eligible for a tax credit right now that could mean larger paychecks this summer. This benefit is called the Advanced Earned Income Credit or Advance EIC.
If you expect to qualify for the credit in 2008, you may be able to start getting part of the credit with your pay now. Otherwise, you could wait until you file your tax return in 2009.
To receive part of the credit with your pay, you must expect to have at least one qualifying child for the current year, expect to fall within certain income limits, and expect to meet certain other conditions. You cannot get the Advance EIC if you do not expect to have a qualifying child, even if you expect to be eligible to claim the EIC on your current year tax return. To see if you qualify, ask your employer for the current year Form W-5, Earned Income Credit Advance Payment Certificate.
If you qualify, complete Form W-5 and give it to your employer. Your employer will then add the advance earned income credit to your net pay each pay period you are eligible.
You may have only one Form W-5 in effect with a current employer at one time. If you and your spouse are both employed, each of you must file a separate Form W-5.
If your situation changes after you give your employer Form W-5, you must give your employer a new Form W-5. For example, give your employer a new Form W-5 if you no longer expect to qualify for the EIC or you no longer want to get advance payments of the credit with your pay.
Remember, if you receive the EIC with your pay during the current year, you must file Form 1040A or Form 1040 for the current year to report the advance payments you received during the year and to take advantage of any remaining credit. You cannot use Form 1040EZ. The total of the advance payments you receive will be shown on your current year Form W-2.
The current year Form W-5 expires on December 31, 2008. If you expect to be able to claim the credit in advance for the following year, you must give a new completed Form W-5 which is valid for that year to your employer.
For more information about the Advance EIC see IRS Publication 596, Earned Income Credit. This publication (available in both English and
Spanish) and Form W-5 can be downloaded from IRS.gov or by calling 800-TAX-FORM (800-829-3676).=20
Remember that for the genuine IRS Web site be sure to use .gov. Don't be confused by internet sites that end in .com, .net, .org or other designations instead of .gov. The address of the official IRS governmental Web site is www.irs.gov.
Can You Take a Home Office Deduction?
IRS Summertime Tax Tip 2008-03
If you plan to run your small business out of your home you may be temped to "write-off" many of your household expenses. But how do you know what is deductible and what is not? The IRS has some advice that may help answer the question: "Can I take a Home Office Deduction?"
Generally, expenses related to the rent, purchase, maintenance and repair of a personal residence are not deductible.=20
However, if you use part of your home for business purposes you may be able to take a home office deduction. Expenses that can be deducted include the business portion of real estate taxes, mortgage interest, rent, utilities, insurance, painting, repairs and depreciation.
In order to claim a business deduction, you must use part of your home:
* Exclusively and regularly as your principal place of business,
as a place to meet or deal with patients, clients or customers in the normal course of your business, or in connection with your trade or business where there is a separate structure not attached to the home; or
* On a regular basis for certain storage use such as inventory or
product samples, as rental property, or as a home daycare facility.
In addition, if you work as an employee you can claim this deduction only if the regular and exclusive business use of the home is for the convenience of your employer and the portion of the home is not rented by the employer.
"Exclusive use" means a specific area of the home is used only for trade or business. "Regular use" means the area is used regularly for trade or business. Incidental or occasional business use is not regular use.
Non-business profit-seeking endeavors such as investment activities do not qualify for a home office deduction, nor do not-for-profit activities such as hobbies.
Example: An attorney uses the den in his home to write legal briefs or prepare clients' tax returns. The family also uses the den for recreation. The den is not used exclusively in the attorney's profession, so a business deduction cannot be claimed for its use.
These requirements are discussed in greater detail in Publication 587, Business Use of Your Home available at IRS.gov or ordered by calling 800-TAX-FORM (800-829-3676).
Remember that for the genuine IRS Web site be sure to use .gov. Don't be confused by internet sites that end in .com, .net, .org or other designations instead of .gov. The address of the official IRS governmental Web site is www.irs.gov.
RWJH Named One of the Nation's Best Hospitals by U.S.News & World Report
NEW BRUNSWICK, NJ - July 11, 2008 - Out of more than 5,400 hospitals in the United States, Robert Wood Johnson University Hospital (RWJUH) placed among the top hospitals in heart care and heart surgery as well as respiratory disorders, according to U.S.News & World Report's 2008 ranking of "America's Best Hospitals." RWJUH is one of only 170 U.S. hospitals to achieve rankings on the prestigious annual list.
"Earning this distinction is clear evidence that RWJUH has established itself as a national leader in academic medicine," said Stephen K. Jones, President and Chief Executive Officer of Robert Wood Johnson University Hospital. "This recognition is a fitting honor for our entire team of dedicated faculty and community physicians, nurses and employees as well as all of the partners on our academic health campus whose commitment to excellence and quality in patient care is second to none. Making the U.S.News & World Report list places us among some of the finest medical centers in the United States and it demonstrates once again that you can receive some of the best medical care in the nation close to home."
U.S.News & World Report's 2008 "America's Best Hospitals" guide ranks 170 medical centers nationwide in 16 specialties - with full data available online at www.usnews.com/directories/hospitals for another 1,500 that are unranked. The 16 ranked specialties are: cancer; gastroenterology; ear, nose and throat; endocrinology; geriatric care; gynecology; heart and heart surgery; kidney disease; neurology and neurosurgery; ophthalmology; orthopedics; psychiatry; rehabilitation; respiratory disorders; rheumatology; and urology.
To locate a physician affiliated with Robert Wood Johnson University Hospital, please call
1-888-MD-RWJUH or visit www.rwjuh.edu.
About Robert Wood Johnson University Hospital
Selected as one of four hospitals nationwide to offer the world's first self-contained implantable artificial heart, Robert Wood Johnson University Hospital (www.rwjuh.edu) is a 600-bed academic medical center and the principal hospital of UMDNJ-Robert Wood Johnson Medical School in New Brunswick, NJ. Robert Wood Johnson is an innovative leader in advancing state-of-the-art care in medicine. Its Centers of Excellence include cardiovascular care from minimally invasive heart surgery to transplantation, cancer care, and women's and children's care including The Bristol-Myers Squibb Children's Hospital at Robert Wood Johnson University Hospital (www.bmsch.org). The hospital is also a Level 1 Trauma Center and serves as a national resource in its ground-breaking approaches to emergency preparedness. The hospital has earned significant national recognition for clinical quality and patient safety. Robert Wood Johnson University Hospital is ranked among the top 50 hospitals in the nation for both heart and heart surgery and respiratory disorders, according to U.S.News & World Report's 2008 ranking of "America's Best Hospitals." The American College of Surgeons' Commission on Cancer has rated Robert Wood Johnson University Hospital among the nation's best comprehensive cancer centers. The Leapfrog Group rated Robert Wood Johnson University Hospital as one of the 50 exceptional U.S. hospitals, as published in Consumers Digest magazine. Harvard University researchers, in a study commissioned by The Commonwealth Fund, identified Robert Wood Johnson University Hospital as one of the top 10 hospitals in the nation for clinical quality. Robert Wood Johnson University Hospital is also a recipient of the prestigious Magnet Award for Nursing Excellence for more than 10 consecutive years.
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