Small Business Reading Room


Friday, February 15, 2013

Delaware has maintained a triple-A credit rating for 13 straight years

The country’s three major bond-rating agencies have, once again, praised Delaware for its fiscal management practices by awarding the state a triple-A rating.

“Having another triple-A bond rating keeps the state’s interest rates lower, saving even more money for Delaware,” Secretary of Finance Tom Cook said. Of the bonds being sold, $115.0 million will be available to retail investors.

Retail bonds will be available from the following brokers until February 19, 2013:

BofA Merrill Lynch
(800) 937-0424 (Wilmington)
(800) 487-4518 (Rehoboth Beach)
(800) 937-0631 (Dover)

Raymond James & Associates, Inc.
(877) 295-9116

Drexel Hamilton LLC.
(212) 632-0406

Loop Capital Markets
(888) 294-8898

M&T Securities, Inc.
(302) 651-8644

TD Securities
(800) 934-4445
0 comments


Thursday, February 14, 2013

POSTAL SERVICE TRANSITION TO NEW DELIVERY SCHEDULE

The U.S. Postal Service has announced plans to shift to a new delivery schedule which will start during the week of August 5, 2013. The changes are:

- Mail addressed to street addresses will be delivered Monday through Friday
- PO boxes mail will be available for pick up on Saturdays
- Post Offices will remain open on Saturdays
- Package delivery will be from Monday through Saturday

This notice is made in advance to give residential and business customers time to plan and adjust. Specific guidelines will be published in the near future about its new delivery schedule.

According to research conducted by the Postal Service and independent research by major news outlets, nearly 7 out of 10 Americans supported the five-day mail delivery schedule as a way to reduce cost.Once the plan is fully implemented, it expects to generate cost savings of approximately $2 billion per year.

Meanwhile, it continues to seek legislation to provide greater flexibility to control costs and generate new revenue and encourages the Congress to make postal reform an urgent priority.Currently, the Postal Service does not receive tax dollars for operating expenses and relies on sale of postage, products and services to fund its operations.

To find out more detailed info, check out usps.com
0 comments


Tuesday, February 12, 2013

Franchise Tax



Delaware Franchise Tax Season is upon us!

All Domestic Stock Corporations are due to electronically file their annual reports and pay franchise tax by March 1.  Tax varies from $75.00-$180,000, plus there is a $50.00 annual report fee. Exempt Corporations do not pay a tax, but must file an annual report for a $25.00 fee.

Delaware Limited Partnerships, Limited Liability Companies and General Partnerships are required to pay an annual tax of $250.00 by June 01.  There is no annual report filing requirement for these entities.

For the convenience of our customers,  franchise tax and annual reports may be submitted via EZ file between the hours of 8:00 am and 11:45 pm Eastern Time daily for a modest $35.00 service fee.

Be cautioned that late payments will not only mean penalties and accruing interest, but may eventually lead to a Voided Status.
0 comments





link to Atom Feed
links

magazines

blogs

Archives

Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

"For all the best reasons to incorporate,the best place
is Delaware and the best incorporator is
Delaware Intercorp!"

Call Monday - Friday 09:00 (am) - 17:00 (pm) Eastern Time (GMT-05:00)

Toll Free - USA only - 888.324.1817
International: (1) 302.266.9367
FAX: 302.266.9940
Email: info@delawareintercorp.com