You may not have known it, but last week was National Save for Retirement Week. There weren’t any televised tickertape parades, and no one was likely given a paid day off work — the wages to be deposited directly into a 401(k), of course. Congress passed the special resolution last week.
It’s tax season, and that also means it’s tax-scam season. The Internal Revenue Service has issued the 2006 “Dirty Dozen” – its latest tally of some of the most notorious tax scams. In recent months, IRS personnel have noted the emergence of two new scams – “zero wages” and “Form 843 tax abatement.” In both cases, filers use IRS forms to claim that their tax bills have been wrongly inflated.
t’s not surprising that retired banker Bill Berenz likes to mountain bike.
With business loans of about $200 million and a single downtown location, First Community Bank is poised to extend its lending reach with a second location in 2006. The bank received approval this month to open a branch near the intersection of Union and Academy boulevards, said First Community Bank Regional Vice President Doug Woods.
Ent Federal Credit Union will celebrate the grand opening of its Jackson Creek Service Center, 16050 Old Forest Point, from 10:30 a.m. to 2 p.m. Aug. 18. The 4,000 square-foot service center was designed by architects Keys and Associates and has three drive-through lanes, 24/7 ATMs with cash and check imaging capabilities, and biometric accessed safe deposit boxes.
Although some economists thought the U.S. housing market’s crisis wouldn’t affect the world’s economy, Bill Greiner, chief information officer of UMB Asset Management, thought otherwise. “We’ve always been skeptical of the de-linking concept — 28.1 percent of world nominal gross domestic product is in the U.S. — and we represent 40 percent of total world-wide consumer demand,” he said.
Lonnie Parsons, regional president of ANB Bank in Colorado Springs, got into banking to make people’s dreams come true — to help clients buy their first homes, start and operate businesses, send their kids to college. “That’s the fun part of banking,” Parsons said. “I’ve really enjoyed banking.” After spending 38 years in the industry, […]
Bill Garden was seeking additional capital for his expanding business and discovered that getting loans for expansion was harder than he thought it would be. Co-owner of Peak Med, a family health care business, Garden wanted to expand to more locations throughout the state. He knocked on a lot of doors starting in April 2016, […]
Economic forecasts should be viewed with a bit of healthy skepticism. That’s the view of Stephen Barrows, associate professor of economics at the U.S. Air Force Academy, who along with Fred Crowley, professor of economics at the University of Colorado at Colorado Springs, were keynote speakers at a Middle Market Entrepreneurs economic forum at The […]
The Internal Revenue Service is simplifying the signature process for electronically filed individual income tax returns submitted by tax practitioners. The simplification eliminates the need for a paper signature document to be sent to the IRS in support of electronically filed tax returns. Beginning with the 2008 filing season, tax practitioners can e-file individual income tax returns only if the returns are signed electronically using one of two methods: either a Self-Select Personal Identification Number (PIN) or a Practitioner PIN.
With Cyber Monday and the holiday shopping season just around the corner, consumers are warned not to fall victim to phishing scams. The Colorado Bankers Association said consumers should know that phishing is a new twist on an old telemarketing scam, but uses e-mail. Criminals send e-mails to millions of people hoping that even a […]
ANB Bank began construction on a new downtown banking center Monday afternoon. Representatives from ANB Bank, Bryan Construction and the community attended a ground breaking ceremony. The new $5 million banking center will be a three-story, 18,000 square foot building, located on the southwest corner of Cascade Avenue and Cimarron Street. ANB Bank will occupy […]