March 2010
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Archive for March 3rd, 2010

Why Should you Do your Taxes Early?

Wednesday, March 3rd, 2010

Woman tax backAs most American taxpayers are more than aware, the deadline for filing your individual tax return is April 15 each year. However, there is nothing preventing you from filing your tax return earlier than this – especially with the Northeast’s leading tax experts, RG Brenner. In fact, the Internal Revenue Service (IRS) will accept tax returns submitted in January. As long as you have received your W-2 form from your employer and all of the relevant 1099 forms you need to fill out your tax return you are at perfect liberty to do so long before April 15.
The main reason that many people decide to file their annual income tax return early is in order to get their refund sooner. While electronic filing has significantly decreased the time it takes most people to get their return, obviously the sooner you file the sooner you will get your refund assuming one is owed. However, people filing in 2010 should be aware of the effect that the Making Work Pay tax credit has had on withholding rates. Specifically, this tax credit resulted in the amount of withholding being taken from most worker’s paychecks decreasing, meaning that you may not be entitled to the refund you may expect, especially if you usually receive a very small refund.
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GDF Suez officially joined the Nord Stream pipeline

Wednesday, March 3rd, 2010

GDF SuezThe heads of Gazprom and the French state energy company GDF Suez in Paris today signed a memorandum of accession to GDF Suez gas pipeline project “North Stream” with a share of 9 percent, says the message of the Russian gas giant. Estimates are the transaction to be completed by the beginning construction of the pipeline, scheduled for after 1-2 months. The memorandum provides more supplies of Russian gas to France to increase by 1,5 billion cubic meters annually from 2015, natural gas will go to Nord Stream. The pipeline will carry natural gas from Russia to Northern Europe, passing under the Baltic Sea and its major shareholder with 51% stake is Gazprom. Nord Stream will have a length of about 1200 km. The first part of the pipeline with a capacity of 27.5 billion cubic meters of gas per year is planned to be put into operation in 2011, and will immediately proceed with the construction of the second part, the construction of a pipeline capacity will reach 55 billion . cubic meters of gas annually.
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