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Life Insurance Can Help Protect Your Business

By Jeff Clarke | Business

As a business owner, you are faced with many challenges when it comes to running a successful enterprise. Without proper planning, the premature death of a business owner may result in assets being liquidated, the business being sold or the business becoming a burden on family members. If your goals are to help: Fund a buy-sell agreement Maintain cash flow for the business Provide liquidity to help sell or re-establish the business Have key-person coverage Offer an affordable optional employee benefit Secure a business loan Scenario: Carla runs a successful…Read More

Tax Fraud and ID Theft

By 380news | Business

The IRS’s efforts to combat tax ID theft are paying off. Complaints of ID theft fell 46% for the 2016 tax filing season. That does not mean you should be complacent about ID theft as it remains a common problem and can create significant issues for you. Identity (ID) theft is a crime where a thief steals your personal information, such as your full name or social security number, to commit fraud. The identity thief can use your information to fraudulently apply for credit, file taxes, or get medical services.…Read More

Mid-Year Tax Planning Checklist

By 380news | Business

I know it seems like the ink has barely dried on your 2016 taxes, but remember that the best time to plan for your taxes is 365 days a year. Now that summer is here, thoughts are probably turning to barbecues and beaches, not necessarily taxes. But now that we’ve reached the mid-way point of 2017, it’s the perfect time to review the financial and tax picture of your business or personal financial situation. Too often taxpayers wait until it’s time to file their returns to start thinking about taxes.…Read More

It’s-A-Burger Celebrates One Year

By Jim Manning | Business

It’s-A-Burger, located at the Navo Center on Highway 380, celebrated their first year anniversary with assistance from the Little Elm Chamber of Commerce. The Chamber held their monthly luncheon and meeting there, celebrating the event. Of course, a special cake and ice cream were provided. The Chamber members introduced themselves and told about their businesses during the meeting and celebration. It’s-A-Burger has been highly successful and reported that another store opening in the area soon.Read More

McKinney Approves Agreement with Playful Corp.

By 380news | Business

For the Construction of Office Space and Parking at the Nine-Acre Development in Downtown McKINNEY, TX -The McKinney City Council approved an assignment agreement with Playful Building One, LLC, that paves the way for Playful Corp. to move forward with its new headquarters office building in downtown McKinney. McKinney-based Playful Corp. is an independent studio founded in 2013 that is the developer of the Lucky’s Tale franchise and Creativerse. Playful CEO Paul Bettner previously was the founder and CEO of Newtoy, the creator of the highly successful game Words with Friends, which was also based in McKinney. Playful currently has partnerships with Microsoft, GameStop and Sony. Based on the assignment agreement, Playful will construct a minimum of 45,000 square feet…Read More

Chamber Welcomes Smoothie King to Little Elm

By Jim Manning | Business

Smoothie King was welcomed by the Little Elm Chamber of Commerce. The ribbon cutting took place at their store in front of the Kroger Marketplace on the Highway 423 side. Everyone attending received a complimentary healthy smoothie.Read More

Taxes – Things You Might Not Know – But Should

By 380news | Business

The financial website NerdWallet, Inc. quizzed Americans on their tax knowhow this past January and determined that taxpayer’s lack of knowledge costs them big bucks in lost opportunities and penalties. Here are a couple of common examples. Many believe that If you file for a tax extension beyond this year’s April 18 deadline, you can hold off on paying any tax liability that you owe. Wrong. You’re supposed to estimate the amount you owe and send the IRS a check by April 18. Anything Uncle Sam receives after that deadline will be subject to interest and penalties. Almost 60% of taxpayers do not know what a Form W-4 is. Here’s a hint: It’s a document you fill out so that…Read More

PACCAR Selects McKinney for Manufacturing Operation

By 380news | Business

Fortune 500 company to bring 200 jobs in six years to McKinney  McKINNEY, TX – The McKinney Economic Development Corporation (MEDC) has reached an incentive agreement with PACCAR, a Fortune 500 company, to construct a new manufacturing facility for its Dynacraft division in McKinney. The deal is expected to be finalized in the coming weeks. The City of McKinney is also participating in the incentives to the project. PACCAR will build a 130,000 square foot manufacturing facility located at Wilmeth Road and Redbud Boulevard. Under the agreement, the company will bring 200 jobs to the community in the next six years and make capital investments of over $20 million. PACCAR is a global technology leader in the design, manufacture and…Read More

NCTCOG Earns Seventh SmartWay Affiliate Honor

By 380news | Business

EPA has recognized the Council of Governments every year of the challenge ARLINGTON, TX – The North Central Texas Council of Governments has been recognized by the Environmental Protection Agency for the seventh time as a recipient of the SmartWay Affiliate Challenge, an honor given for its efforts to reduce truck emissions and improve the efficiency of freight movement. NCTCOG and the American Trucking Associations are the only affiliates recognized each of the seven years of the challenge’s existence (2007 and 2012-17). The SmartWay Affiliate Challenge is a national challenge developed by EPA to acknowledge organizations that are contributing to a clean energy economy by reaching out to inform and educate businesses, their communities, truck drivers and other stakeholders about…Read More

Texas Ranks High Nationally for Women-Owned Businesses

By 380news | Business

AUSTIN, TX – Recent studies rank Texas high for the growth and economic success of its women-owned firms. The state ties for first in the nation for economic “clout” – a measure combining the growth in the number, employment and revenues of women-owned firms. Austin, San Antonio, Dallas and Houston are among the top U.S. metropolitan areas for such businesses. Yet there’s still room for improvement. Texas-based, women-owned firms with employees made up just one-fifth of the state total and less than 5 percent of annual payrolls, according to a…Read More

First Automotive Dealership in Prosper

By 380news | Business

Toyota and Penske Motor Group Break Ground PROSPER, TX – Penske Motor Group (PMG) is marking its expansion into the Dallas market with a community kickoff event and steel raising ceremony at the site of its newest dealership, Longo Toyota of Prosper – the first automotive dealership in the Town of Prosper. PMG is celebrating the 50th anniversary of its flagship dealership – Longo Toyota – and Longo’s 50th consecutive year as the No. 1 Toyota dealership in the world by opening its first Longo-branded dealership outside of California. Guests…Read More

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