at , Baltimore, 21207 United States
We are an accounting/financial services company assisting in real estate.
J Lucas Group International is a full scale financial services firm. We are a full-service accounting firm as well as providing financial resources such as commercial funding for various types of projects. Our services include but are not limited to: *Corporate Payroll services *Balance Sheets *Homebuyer consultation *Tax Preparation *Tax representation *Full scale payroll services *Bookkeeping services *Business incorporation services *Resident Agent services *External Auditing *Non-profit assistance and compliance *Cost Accounting *Tax Exemption application and filing *Corporate tax filing *Estate Planning *Financial Counseling *Debt management *Credit repair and more..... Feel free to contact us to get your small business established and/or expanding. Also added!!! J Lucas Group International has created a real estate investment division. We invest in real estate services. Our new division deals in residential & commercial investment services as well as assisting property owners to modify loans and avoid foreclosures. Our motto is simple: "We Take Account of Our Clients Financial Matters."
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Happy Thanksgiving from J Lucas Group International
In the upcoming tax season, new laws are implemented and changes are in effect. Contact J Lucas Group International for more information on the changes and how it can effect you and your deductions.
Healthcare, small business, estate planning and real estate investing are still very important pieces of financial solvency. Contact us to learn more and to begin your stability as well as generational wealth.
One of the best things that a person can do to lower their federal tax liability, is to prepare ahead of time. There are several ways to prepare the year before tax time. Contact us.
From the J Lucas Group International Family to all of you, we want to wish you a safe and prosperous holiday season and a happy new year.
Happy thanksgiving from the J. Lucas Group International family. Be safe and enjoy!
Hello all. Due to time constraints, I'm looking for 3 grant writers for a nonprofit company. Experience is a plus but not mandatory. Compensation will be based upon experience. If you or someone you know are grant writers and may be interested in this assignment, Please inbox me for details including your resume.
Sacrifice for the moment, so that you'll have abundance later. Most people only live financially for the now, but remember there's always a later.
Tip of the week: Keep as many people and companies out of your wallets as much as possible.
Sometimes, you need to treat yourself, but don't make it a daily or weekly habit.
This tip is a simple, yet often overlooked financial advice. Limit your television and social internet viewing. Advertisement firms target you and if you see it long and often enough, you'll want to buy and find ways to buy. If you limit your viewing, you're gonna save money.
Quick tip: Don't let your image dictate your finances. In other words, stop letting your thirst for the latest trends drain your bank account.
Today, I want to focus on the hot topic that should have people wondering about. That is Sequester. The legal definition of sequester is to hide or isolate something. Now if we look at the definition and then apply it to what is happening today, this word is a contradiction within itself. Sequestering or sequestration is not even really talking about tax cuts per se. It's dealing with hiding laws, money and policies in its literal sense. But that's a whole topic within itself. Sequester as applied is dealing with tax cuts within the government. But the tax cuts proposed and seriously debated on Capital Hill has worldwide population effects. For example, cutting military funding so that the American troops will become even more unequipped will provide more casualties for American families whose family member is being killed. Another cut is dealing with Medicare and Social Security. Cuts like those will enslave and impoverish the American population. We have a nation that is living longer while not being able to hold onto are obtain jobs to work. So medicare is a much needed especially for our retirees to partially live off of. Social Security is another small benefit that has become more and more taxed every year. Even though it is taxed once over a certain amount, it is necessary for those of the required age to help live off of. Cutting benefits and amounts awarded only forces those on a budget to fight to get a job to supplement the Social Security. My advice would be to find out from a CPA or Tax attorney about other types of retirement other than Social Security. This is a long road and may not be quickly fixed.
Financial tip: Take a day to think of and write down all of your habits that might be expensive. Then, take another day to write down how much it cost to feed that habit. For example, a person goes to McDonald's. They always order a Value meal that estimates at $7 per visit. Their frequent McDonald's 5 days a week for lunch (sometimes breakfast too) at $49. Multiply $49 x 52 weeks = $2548 in spending. That's only McDonald's for lunch. Now add the morning visit before work let's just say at $6 for morning sandwich and coffee/orange juice or even pancake platter for 5 days. Multiply by 26 just for illustration purposes = $780 for the year. Add to that the original figure of lunch and you have a grand total of $3,328 for the year. The moral of this post is to review your spending habits and begin finding ways to save an/or cut out your spending. When resources are low, that's when you need to find money. This is the first place to look in your budget.
If you claim a certain amount of exemptions during the year, don't expect a big refund at tax time. You can't burn the candle at both ends.
This is not a tip, but more like a vent. If you file your taxes, don't expect a refund within 24-72 hours. If you get one, be careful because that's a loan against your refund which is nothing more than an advance against your projected refund. Remember, the IRS can modify or reject a tax return refund for any or no reason at all. And don't live a millionaire life off of your refund. Stop looking for your refund after 24 hours of filing and worrying the practitioner unnecessarily.
Credit....Forget it!!! So many times we look at credit as a new gateway to social freedom and lavish luxury. But if not properly handled, can lead you to being enslaved in debt and groomed for poverty. Here's a few things that you need to consider when dealing with debt: 1. If you don't have to use it, don't use it: This simple statement is often overlooked for it simplicity instead of regarding its power and financial life saving wisdom. Just because you have credit, don't fall into the traps of credit card and other companies who offer you credit. They are in existence to make money for them, not for you. 2. Manage your credit so that it works for you to enhance your financial picture, not a lavish dream: Make sure when you use credit that you can pay it back for a good credit rating and not a life support system for your social lifestyle. Credit should not be used beyond your measure to pay. 3. If you don't have a job or steady source of income, don't use credit except for extreme legitimate emergencies: A new outfit or new shoes is not an emergency. An apartment or house appliance like a refrigerator is considered one. Govern yourself accordingly to realize and know the difference. 4. Student loans are not to be used excessively: This is a topic all by itself. Many may not want to hear this, but if you have student loans and are living off of the extra loan money not used for school, you are enslaving yourself to debt. Student loans is a type of credit line that should be used for school and school-related things like tuition, books and things of that nature. Even in deferment, student loans are still collecting interest. This means that you still have to pay the loan back even if you file bankruptcy. You CANNOT include federal student loans in bankruptcy and the courts will not include it. Only use what you need. 5. Stay away from emergency cash options and payday loans: These are the devil. I had experienced this for myself and while they are quick to get into, they are the devil on earth to get out of. Keep away from them. You would be better of dealing with a pawn shop locally than those cash advanced loans. 6. Pay down the credit, then pay it off. Many companies and financial personnel will tell you not to pay off debt. As a financial person myself, this cannot be more false. Pay off the credit which has become debt and don't touch it until needed. For example, If you have a credit card that has a $2,000 balance with a $20 monthly payment, pay $50 per month and watch the balance reduce. (Personally, i'd advise to pay $75-$100 but that's my preference). If you can pay extra per month, do it. What this does is give you a break from paying interest only and you will see the fruits of your labor with the reduction of your balance. 7. Discipline yourself to pay credit down: When paying bills and debt, you have to make sacrifices. This means something as little as not eating out 4 times a month at a 3 star restaurant, to not going on a vacation right away. When you sacrifice now, you can have the abundance of freedom later. This includes expendable income to be able to go out for a night on the town, invest in a business, start a business with a chance for a small business loan, buy a car with lower interest rate, buy a house, travel among other things including but not limited to being able to sleep peacefully at night without worrying. There are more tips, but let's stop here. See you tomorrow for more tips at J Lucas Group International.
Today's tip is simple in the regards of spending. I know that originally, it was supposed to be about tax and estate tips, but it all ties together. Tip: If you can't buy it outright, and it's not a big purchase like a house, vehicle or something of that level, buy it outright. Don't use credit for unnecessary spending. It will help you in the long run. You'd be surprised how addictive credit can get and how enslaved you can be to it. Besides, if you can't buy it outright, you may be better off without it anyway. Come back tomorrow for more tips from J Lucas Group International.
Update: Starting Monday February 4, 2013 J Lucas Group International will provide tax and estate tips at least once a week. Stay tuned.