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Courier-Messenger Inc is a local company, based in the Valencia Industrial Center, providing transportation of time sensitive shipments of all sizes from envelopes to full truckloads.

CMI provides same day, Overnight and Time definite Ltl point to point deliveries, through out the USA. Same day truck service is determined by availability at time of call.

CMI provides our customers with internet tracking, and proof of deliveries at time of completion via email.

CMI provides 24/7 Dispatch

CMI Service Map for California

C.M.I. DELIVERS TIME CRITICAL SHIPMENTS DOOR-TO-DOOR INTERSTATE OR INTRASTATE ANYWHERE IN THE USA

Last-minute Tax Tips

Legit Last Minute Savings on Taxes:

Car expenses. The rule is you can deduct the costs of operating a car only when that car is being used for business purposes. Keep track of the miles you drive and add them up at the end of the year. The deduction rate in 2011 was 50.5 cents per mile and in 2012 is 55.5 cents per mile for business-related driving.

Travel. In addition to car travel, you can also deduct the cost of plane fare, taxis, lodging and meals as long as the trip was undertaken primarily for a business purpose.  Additionally, travel expenses paid or incurred in connection with a temporary work assignment away from home are deductible.

Education.  As a small business owner, staying up to date on the complexities of your industry is imperative for operating a successful business. Author Stephen Covey calls this “sharpening the saw,” investing in yourself to become smarter and more effective. You can deduct education expenses if the courses you take are related to your field and help you run your business.

Software.  Most software programs bought for business purposes have to be depreciated over a period of 36 months. But if the software is only useful for less than a year, you can deduct its cost as a business expense in the year that you buy it.  With rapid changes in technology and software constantly being updated and replaced, this is becoming a more common source of tax savings.

New Equipment. The key here is “new.” Section 179 deduction can sometimes allow a small business owner to write-off the full costs of new equipment in the same year they were purchased. This year you can write-off up to $139,000 in expenses, and half of what you spend above that amount. The writeoff starts to decline once your total spending exceeds $560,000.

Profit Sharing.  It’s nice the Uncle Sam lets you deduct a key tool for attracting and retaining high-quality employees and increasing productivity. That’s right: A profit sharing plan does this for us, and more.  Your contributions to retirement plans (and often plan expenses) are generally tax-deductible.  You may also be eligible for a tax credit for establishing a qualified retirement plan.

Carryback. In addition to tax-deductible expenses, executing a net operating loss (NOL) carryback is another good way to recoup some of the losses you suffered during the recent economic crisis.  This deduction allows you to offset one year’s losses against another year’s income.  Calculating a NOL can be tricky and we suggest that, if you have one, you consult a tax professional to help ensure you do it correctly.

Have more questions? The IRS is actively working to make information more easily accessible, and believe it or not, they have social media tools that describe tax changes, initiatives, products and services. Check out the IRS2Go phone app (for iPhone and Android phones), YouTube, Twitter, Facebook, and free IRS podcasts on iTunes.

Reference: click here.

COURIER-MESSENGER INC. – (661) 257-8689 – BIG OR SMALL, WE SHIP IT ALL!

8 Money-Saving Tax Tips from SBA

8 Money-Saving Year-End Tax Tips for Small Business

Read on for seven tips that can help you maximize your deductions and claim the credits you deserve.

Spend Some Money Before Deduction Limits are Cut – This is definitely the year to take advantage of the Section 179 deduction, which allows businesses to deduct expenses for a variety of capital equipment purchases including computers, furniture, certain business software, vehicles, manufacturing equipment, and more. Thanks to both the 2010 Tax Relief Act and the Small Business Jobs Act, deduction limits under Section 179 have increased to $500,000 as long as you spend less than $2 million in new purchases.

This means that if your small business makes any purchase before the end of the year, you may be able to deduct most of your outlays for capital equipment. Even if you don’t think you need to make new purchases, review your inventory and equipment and use this time to replace obsolete or aging assets.

If possible, take advantage of this temporary opportunity before the end of the year.  Next year, the deductible limit drops to $139,000 on purchases only up to $560,000, unless there is an extension from Congress.  Be sure to talk to your tax advisor or accountant for more specifics on qualifying purchases and read more about the ins and outs of business expenses and tax deductions from SBA.

Hire a Returning or Disabled Veteran – In November, the President signed into law specific tax credits for businesses that hire unemployed veterans.  The Returning Heroes Tax Credit provides businesses that hire unemployed veterans with a maximum credit of $5,600 per veteran, and the Wounded Warriors Tax Credit offers businesses that hire veterans with service-connected disabilities with a maximum credit of $9,600 per veteran. Read more in this White House fact sheet: Returning Heroes and Wounded Warrior Tax Credits.

Defer your Income – If you think you will be in the same or lower tax bracket next year, deferring income might make sense for you (more income next year could push you into a higher tax bracket and a bigger tax bill).Billing late in December will defer your taxable income for 2011 (since it’s unlikely you’ll get paid until 2012.) You can also defer income by taking capital gains in 2012 instead of in 2011.

While you can’t defer income or wages for your employees, you might consider delaying the payment of bonuses until the new year. Note that if you operate on an accrual accounting basis, you can claim a deduction for the bonuses this year even though the bonuses aren’t paid until next year. However, the bonuses must be paid within 2.5 months of year-end.

Take Advantage of the R&D Tax Credit (It’s Not Just for High Growth Startups) – Another tax saving that’s up for expiration unless Congress extends it in 2012 are certain credits for research and development. This one doesn’t apply only to high tech or bio tech, but extends to certain companies that employ engineers, outsource product testing, or are seeking to diversify a product line. This article from Bloomberg Businessweek explains more about how small businesses can benefit from and claim the credits. Again, talk to your tax advisor to see if you qualify.

Set Up a Retirement Plan or Fully Fund One Before Year-End – If you are self-employed, now is the time to set up a retirement plan or add pre-tax money to your existing plan to reduce this year’s income. If you still can, max out your pre-tax contributions to your traditional IRA, 401k, or 403b, and get a tax deduction to lower your taxable income. This year, sole proprietors can put $16,500 (pre-tax) into a solo 401(k), ($22,000 if you are 50 or over). Check with your plan administrator for limits and deadlines for different types of plans.

Contribute to Charity– With the holiday season upon us, now is the time to consider making a business charitable contribution. You can donate money and/or usable items such as clothing, toys, and other goods, and claim a deduction for the fair market value. Be sure to get proper documentation or a receipt for your records.

Keep your Records Straight – Keeping your books in order throughout the year is critical. Use the time now to make sure everything is up-to-date and accurate so that you maximize your deductions and save your accountant time and billable hours when tax season rolls around. Read these tips from the SBA about Managing Your Small Business Tax Obligations.

Read on for seven tips that can help you maximize your deductions and claim the credits you deserve.

  1. Spend Some Money Before Deduction Limits are Cut – This is definitely the year to take advantage of the Section 179 deduction, which allows businesses to deduct expenses for a variety of capital equipment purchases including computers, furniture, certain business software, vehicles, manufacturing equipment, and more. Thanks to both the 2010 Tax Relief Act and the Small Business Jobs Act, deduction limits under Section 179 have increased to $500,000 as long as you spend less than $2 million in new purchases.
    This means that if your small business makes any purchase before the end of the year, you may be able to deduct most of your outlays for capital equipment. Even if you don’t think you need to make new purchases, review your inventory and equipment and use this time to replace obsolete or aging assets.
  2. Hire a Returning or Disabled Veteran – In November, the President signed into law specific tax credits for businesses that hire unemployed veterans.  The Returning Heroes Tax Credit provides businesses that hire unemployed veterans with a maximum credit of $5,600 per veteran, and the Wounded Warriors Tax Credit offers businesses that hire veterans with service-connected disabilities with a maximum credit of $9,600 per veteran. Read more in this White House fact sheet: Returning Heroes and Wounded Warrior Tax Credits.
  3. Defer your Income – If you think you will be in the same or lower tax bracket next year, deferring income might make sense for you (more income next year could push you into a higher tax bracket and a bigger tax bill).Billing late in December will defer your taxable income for 2011 (since it’s unlikely you’ll get paid until 2012.) You can also defer income by taking capital gains in 2012 instead of in 2011.
  4. While you can’t defer income or wages for your employees, you might consider delaying the payment of bonuses until the new year. Note that if you operate on an accrual accounting basis, you can claim a deduction for the bonuses this year even though the bonuses aren’t paid until next year. However, the bonuses must be paid within 2.5 months of year-end.
  5. Take Advantage of the R&D Tax Credit (It’s Not Just for High Growth Startups) – Another tax saving that’s up for expiration unless Congress extends it in 2012 are certain credits for research and development. This one doesn’t apply only to high tech or bio tech, but extends to certain companies that employ engineers, outsource product testing, or are seeking to diversify a product line. Again, talk to your tax advisor to see if you qualify.
  6. Set Up a Retirement Plan or Fully Fund One Before Year-End – If you are self-employed, now is the time to set up a retirement plan or add pre-tax money to your existing plan to reduce this year’s income. If you still can, max out your pre-tax contributions to your traditional IRA, 401k, or 403b, and get a tax deduction to lower your taxable income. This year, sole proprietors can put $16,500 (pre-tax) into a solo 401(k), ($22,000 if you are 50 or over). Check with your plan administrator for limits and deadlines for different types of plans.
  7. Contribute to Charity– With the holiday season upon us, now is the time to consider making a business charitable contribution. You can donate money and/or usable items such as clothing, toys, and other goods, and claim a deduction for the fair market value. Be sure to get proper documentation or a receipt for your records.
  8. Keep your Records Straight – Keeping your books in order throughout the year is critical. Use the time now to make sure everything is up-to-date and accurate so that you maximize your deductions and save your accountant time and billable hours when tax season rolls around.

Reference: click here.

COURIER-MESSENGER INC. – (661) 257-8689 – BIG OR SMALL, WE SHIP IT ALL!

Year End, Business Tax Tips

Business Tax Tips

1. Review your income, expenses and potential deductions: Before you can make any adjustments, you will need to look closely at how much you are earning, spending, and saving and what you can deduct.

2. Review your portfolio: If capital gains are high, consider taking a loss to offset some of the capital gains income.

3. Defer income: Unless you have reason to believe that next year will bring you a higher income and move you into a higher personal income tax bracket, you may want to defer income until after the first of the year. If you are self-employed, for example, send the last invoices out late in December so you will more likely receive payment in January.

4. Use up your flex spending plan: If you have a flexible spending plan, which means you have put aside tax-free earnings to cover medical and dental expenses through a plan offered by your employer, you need to use it up. Make doctor appointments now and buy necessary medical supplies that are covered in the plan.

5. Pay your January 1st mortgage payment on or before December 31st: This allows you to take an additional deduction for interest paid. Remember to add the interest amount to the amount reported by your lender when they send you a 1098 form.

6. Be careful about buying an actively managed mutual fund: The later it gets in the year, the more likely you will pick up the capital gains distributions on a mutual fund you hardly own. Check the distribution schedule and if it’s late in the year, wait before buying the fund.

7. Teachers, take a deduction from your students: You can still take up to a $250 deduction on materials purchased to make the learning experience better for your students. This deduction is also applicable for principals and others who are employed in a school. If you’re not sure if this deduction applies to you, contact the IRS.

8. If you’re self-employed, stock up: This is the time to buy all of the business equipment and supplies you haven’t yet purchased. Make sure to mark and save your receipts.

9. Prepay your state and/or local taxes: If you don’t think your personal income tax bracket will be higher next year, and you’re not affected by the alternative minimum tax, you can make state and/or local tax payments before the end of this year so you can take a deduction this year.

10. Make charitable donations: If you have extra cash, donate money to charity. Save the receipts and use the charitable donations as deductions on your tax return. These are some of the ways in which you can make appropriate changes to lessen your tax bill.

Reference: click here.

COURIER-MESSENGER INC. – (661) 257-8689 – BIG OR SMALL, WE SHIP IT ALL!

Tax Savings Tips for Business

Deduct expenses this year and defer taxable income, if you qualify. Most small businesses use the cash method of accounting for tax purposes. If that is your situation and you expect to be in the same (or lower) tax bracket next year, it’s a smart move to defer taxable income into 2013 and accelerate deductible expenses. This could include deferring some billings until Dec. 31, writing checks before the year ends to pay deductible expenses, and charging deductible business expenses on credit cards.

Set up a retirement plan and make the maximum contribution. Consider establishing a retirement plan for your business. Many pension companies will do a free analysis of which plan is right for you. If your business has an existing retirement plan, ask your pension administrator to figure out the maximum potential contribution for the 2012 year based on your staff size (and available budget). If you have no employees, consider establishing a “solo 401K” plan before the end of the year, as this type of plan typically permits a larger contribution than most retirement plans.

Deduct the expense of certain equipment purchased in 2012. Internal Revenue Code section 179 allows a business to elect to treat the cost of certain property (such as computers, office furniture, equipment, and machinery used for business) purchased this year as a one-time deductible expense. Companies can expense up to $139,000 for 2012. The deduction is phased out dollar-for-dollar for purchases exceeding $560,000. So, for example, if your company bought equipment for $572,000, the maximum eligible 179 deduction would be $127,000 ($139,000 reduced by the $12,000 excess).

Take the allowed depreciation on new equipment. New business equipment and machinery put into service before year end qualifies for the 50 percent bonus first-year depreciation allowance. Unless Congress acts, this bonus depreciation allowance generally won’t be available next year.

Write off your heavy SUVs. Heavy SUVs (those built on a truck chassis and rated at more than 6,000 pounds gross-loaded vehicle weight) are allowed an immediate tax deduction of up to $25,000 in 2012. In 2013, these write-off rules may not be as generous.

Distribute dividends if you are an S- or C-corp. If the Bush tax cuts expire, the tax on “qualified” dividends of 15 percent is scheduled to end on Dec. 31. Therefore, corporations (C-corporations and certain S-corporations) with excess earnings and profits should consider making dividend payments in 2012.

Increase withholding to avoid estimated tax penalties. Small-business owners who have not withheld the appropriate amount from their salaries (or have not made the required amount of quarterly tax payments) may be subject to underpayment penalties. Income tax withheld from wages or salaries is treated as paid in equal amounts throughout the year. Therefore, the underpayment penalty can be eliminated if sufficient additional taxes are withheld from wages or salaries for the balance of the year.

Reference: click here.

COURIER-MESSENGER INC. – (661) 257-8689 – BIG OR SMALL, WE SHIP IT ALL!

How to Be a Courier Contractor

If the occupation of courier is in your future, you may be able to design your own business if you decide to become a contractor in the field. Many couriers are independent contractors who use personal vehicles such as bicycles and vans to make deliveries, working to get documents and packages from point to point. It is a fast-paced job that requires an intricate knowledge of the city you work in and a high level of responsibility as the items your customers entrust you with must arrive safely and on time

Instructions:

  1. Decide on the type of courier service you want to offer by contract. If you choose to be a bicycle courier, for example, remember that it will restrict you to smaller coverage areas. If you choose to use a van or truck for your contract services, you will be able to make deliveries to more individuals and cover larger areas.
  2. Specify and set delivery times that you will offer to your contracts. For example, you may decide that you will offer a one-hour service. This choice will limit your coverage area, but it may also increase the number of clients you may be able to serve because you have a tight delivery windows.
  3. Choose whether you want to offer your services as a subcontractor or by contract to the customer. Subcontracting means that you are signing a contract with an established courier business and they will pay you to deliver to their customers. Customer contracts require that you find customers and service them directly. The advantage of subcontracting is that you do not have to find clients. As a direct contractor, however, you can choose your clients and locations more personally.
  4. Decide how much you will charge for your services. There are many options and they can depend on the number of deliveries, location, weight and distance. For example, if you contract with a company that asks you to deliver every day, you will most likely charge them a different per delivery rate than the occasional contract.
  5. Contact an insurance agent and inquire about the types and cost of insurance you will need. You will want to insure your courier vehicle, even if it’s a bicycle. This is considered a business and you will be able to cover it. Check into health insurance as your accident risks either behind the wheel or on a bicycle may be higher. Finally, check into becoming bonded. This is a form of insurance for the customer that verifies that you are of good moral character and can be trusted to take their valuable packages.
  6. Join a network of other contractors. These networks can help you build your business when you take the time to learn from those already doing the job. You can get inside tracks on job opportunities and learn which companies are best to work for and which independent contracts might be available to you.

Reference: click here.

COURIER-MESSENGER, INC. – BIG OR SMALL WE SHIP IT ALL

A look back at blogtalkradio with Charlie Yacoobian

Big or Small…We Ship It All

Meet J.C. Burnett, President of Courier-Messenger, Inc, based in Santa Clarita, CA. His firm provides transportation of time sensitive shipments of all sizes from envelopes to truckloads. CMI provides same day, overnight and time definite LTL point-to-point deliveries throughout the USA…truly coast-to-coast service. CMI provides their customers with internet tracking and proof of delivery via email at the time of delivery. Learn how CMI can help you for all your shipping needs. Big or Small…We Ship It All.

COURIER-MESSENGER, INC. – BIG OR SMALL WE SHIP IT ALL

Happy Holidays from CMI

happy_holidaysFrom all of us at Courier-Messenger, Inc.
JC, Brian, and Wes

December Holidays!

  • Advent: four weeks prior to Christmas (Western Christianity).
  • Saint Nicholas’ Day: 6 December
  • Bodhi Day: 8 December – Day of Enlightenment, celebrating the day that the historical Buddha (Shakyamuni or Siddhartha Gautama) experienced enlightenment (also known as Bodhi).
  • Saint Lucy’s Day: 13 December – Church Feast Day. Saint Lucy comes as a young woman with lights and sweets.
  • Winter Solstice: 21 December-22 December – midwinter
  • Dongzhi Festival: a celebration of Winter
  • Soyal: 21 December – Zuni and Hopi
  • Yalda: 21 December – The turning point, Winter Solstice. As the longest night of the year and the beginning of the lengthening of days, Shabe Yald? or Shabe Chelle is an Iranian festival celebrating the victory of light and goodness over darkness and evil. Shabe yalda means ‘birthday eve.’ According to Persian mythology, Mithra was born at dawn on the 22nd of December to a virgin mother. He symbolizes light, truth, goodness, strength, and friendship. Herodotus reports that this was the most important holiday of the year for contemporary Persians. In modern times Persians celebrate Yalda by staying up late or all night, a practice known as Shab Chera meaning ‘night gazing’. Fruits and nuts are eaten, especially pomegranates and watermelons, whose red color invokes the crimson hues of dawn and symbolize Mithra.
  • M?draniht: or Mothers’ Night, the Saxon winter solstice festival.
  • Saturnalia: the Roman winter solstice festival
  • Pancha Ganapati: Five-day festival in honor of Lord Ganesha. December 21–25.
  • Christmas Eve: 24 December
  • Dies Natalis Solis Invicti (Day of the birth of the Unconquered Sun): late Roman Empire – 25 December
  • Christmas: 25 December
  • Twelve Days of Christmas: 25 December through 6 January
  • Yule: Pagan winter festival that was celebrated by the historical Germanic people from late December to early January.
  • Anastasia of Sirmium Feast Day: 25 December
  • Malkh: 25 December
  • Boxing Day: 26 December – Gift-giving day after Christmas.
  • Kwanzaa: 26 December – 1 January – Pan-African festival celebrated in North America
  • Saint Stephen’s Day: 26 December
  • Saint John the Evangelist’s Day: 27 December
  • Holy Innocents’ Day: 28 December
  • Saint Sylvester’s Day: 31 December
  • Watch Night: 31 December
  • New Year’s Eve: 31 December – Last day of the Gregorian year
  • Hogmanay: Night of 31 December – Before dawn of 1 January – Scottish New Year’s Eve celebration
  • Hanukkah: A Jewish festival celebrating the miracle of the lamp.

Reference: click here.

COURIER-MESSENGER INC. – (661) 257-8689 – BIG OR SMALL, WE SHIP IT ALL!

APL Logistics Supports Wal-Mart Online Sales in Mexico

APL Logistics has launched an online sales channel for Wal-Mart in Mexico.

The new solution, which comprises a warehouse management system, integrates with the retailer’s new online shopping site and enables same-day order fulfillment and next-day delivery.

Through the partnership, APL Logistics provides all order management, planning and fulfillment for Wal-Mart’s general merchandise category. APL Logistics also set up a fulfillment center with more than 116,000 square feet of space. Using APL Logistics’ eFulfillment warehouse management system that was integrated with Wal-Mart’s online store, eight types of order and delivery electronic data interchange status updates were enabled.

“APL Logistics is delighted to support Wal-Mart in expanding and consolidating its leading e-commerce position in Mexico,” said David Frentzel, APL Logistics’ vice president for global contract logistics, in a written statement.

Reference: click here.

COURIER-MESSENGER INC. – (661) 257-8689 – BIG OR SMALL, WE SHIP IT ALL!

Customs Brokers Guide by SBA

Customs Brokers

Reference: click here.

COURIER-MESSENGER INC. – (661) 257-8689 – BIG OR SMALL, WE SHIP IT ALL!

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© 2017 Courier-Messenger, Inc. | All Rights Reserved.

Web Design by Bright Mind Media