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 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.
Drexel Hamilton LLC.
Loop Capital Markets
M&T Securities, Inc.
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
Tuesday, February 12, 2013
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.