2009 08/19-08/25

MANILA MAIL COMMUNITY

Krystelle Salon & Spa Owners (R-L) Jolly Salonga-Rodriguez with granddaugther Krystelle, and daughters Christine and Melissa.

The High School Batch 80 of St. Bridget's College in Batangas City, Philippines will have their 30th Grand High School Reunion on May 29, 2010. Batchmates from Northern California met last July 25th in Hayward for preparation of next year's event - they are (front row) Amy Macalisang-Balbuena, Willa Barlaan-Fontelar, Grace Macatangay-Edwards, Reynita Ramos. (back row) Oscar Magtibay and Ramon Braza

IRS Special Refund Claims To ExpireOctober 15th

This is taken fresh out of the Internal Revenue Service (IRS) website. According to IRS communication IR-2009-72, time is running out for many small businesses wishing to take advantage of the expanded business loss carryback option included in this year’s recovery law. The Internal Revenue Service said last Thursday, August 13th. Eligible individuals have until Oct. 15 to choose this expanded carryback option. Eligible calendar-year corporations have until Sept. 15.

This carryback provision offers small businesses that lost money in 2008 an excellent way to quickly get some much needed cash if they were profitable in previous years. This option is only available for a limited time, so small businesses should consider it carefully and act before it’s too late.

Under the American Recovery and Reinvestment Act (ARRA), enacted in February, many small businesses that had expenses exceeding their income for 2008 can choose to carry the resulting loss back for up to five years, instead of the usual two. This means that a business that had a net operating loss (NOL) in 2008 could carry that loss as far back as tax-year 2003, rather than the usual 2006. Not only could this mean a special tax refund, but the refund could be larger, because the loss is being spread over as many as five tax years, rather than just two.

This option may be particularly helpful to any eligible small business with a large loss in 2008. A small business that chooses this option can benefit by:

• Offsetting the loss against income earned in up to five prior tax years.

• Getting a refund of taxes paid up to five years ago.

• Using up part or all of the loss now, rather than waiting to claim it on future tax returns.

Under ARRA, eligible taxpayers can choose to carry back a NOL arising in a taxable year beginning or ending in 2008 for three, four or five years instead of two. The option is available for an eligible small business (ESB) that has no more than an average of $15 million in gross receipts over a three-year period ending with the tax year of the NOL. This choice may be made for only one tax year.

Most taxpayers still have time to choose this special carryback and get a refund. A calendar-year corporation that qualifies as an ESB must file a claim by Sept. 15, 2009. For individuals, the deadline is Oct. 15, 2009. This includes a sole proprietor that qualifies as an ESB, an individual partner in a partnership that qualifies as an ESB and a shareholder in an S corporation that qualifies as an ESB. Deadlines vary for fiscal-year taxpayers, depending upon when their fiscal year ends and whether they are making the choice for the tax year that ends or begins in 2008.

Individuals can accelerate a refund by filing Form 1045, Application for Tentative Refund. Similarly, corporations with NOLs may also accelerate a refund by using Form 1139,Corporation Application for Tentative Refund. Normally, refunds are issued within 45 days. These forms, along with answers to frequently-asked questions about this special carryback, and other details can be found on the IRS Web site.

In today’s economic environment and also the future’s, for small business owners, this is a very worthy tax benefit to explore further on.

SEEN IN THE CITY

Ciara Sotto Getting Married In January?

Las Vegas-based Senator Daughter Ciara Sotto (cousin of the Megastar, Sharon Cuneta) is currently being rumored to be getting married to a certain “Jojo”, according to a published online blog. The source of the wedding talks is Ciara’s fiance's uncle. The blog writer’s friend and this uncle apparently sing together at a choir.

I last saw Ciara in person on May 2^nd this year at the Pacquiao-Hatton fight at the MGM Grand Arena.

If this rumor is true, let us be one of the first ones to express her and her groom-to-be our Congratulations and Best Wishes!

TO-BE-SEEN IN THE CITY

APO HIKING SOCIETY TO PERFORM IN HAYWARD

Internationally-renowned recording group, Apo Hiking Society, together with Bituin Escalante, and Joey Guila will perform on Friday, October 23rd at Chabot College in Hayward , to celebrate their 40th Anniversary in showbusiness. They are also scheduled to perform in Southern California and other key US cities.

Tickets range from $100 VIP-seating to $45 and $65 for reserved. The first 150 to purchase VIP seating will receive a special pricing of $65 (or a $35 savings!). To purchase your tickets go to www.phase1ent.com or call 888.416.3331 or contact Anna-Mae Edpao at 707.246.8677 (via email at aedpao@phase1ent.com).

PERSONAL NOTES

Congratulations and Good Luck to Krystelle Spa and Salon, formerly MitosSalon and Spa, a full service pampering oasis located in Livermore , California . Within the walls of their 2,300 square foot sanctuary. They specialize in hair design, colors, skin care, body wraps, waxing including Brazilian and Hollywood waxing, nail care, and massage therapy. We also do airbrush tanning and instantteeth whitening. We house a complete staff of highly and continually trained stylists, aestheticians, manicurists, and certified massage therapists that provide only the highest quality of service. The professionals at Krystelle Spa & Salon look forward to serving all your health and beauty needs. Open seven days a week and evenings for appointments.

Monday to Sunday from 10:00 a.m. - 8:00pm for appts. Walk-ins and last minute appts are welcome, too.

· Services provided are as follows:

· Haircut, Color, Highlight, Perm

· Japanese Hair Straightening

· Hair Extensions

· Permanent Makeup

· Facials

· Massage

· Waxing

· Brazilian Waxing and Hollywood Waxing

· Airbrush Tanning

· Instant Teeth Whitening

· Xtreme Lash Extensions

· Slimming and Cellulite Body Wraps

· Face and Body Sculpting by Beautiful Image

· NEW at KRYSTELLE SPA AND SALON: Beautiful Image--Face and Body Sculpting

COMING SOON: Skin Growth Removal (one treatment only)

Salon Chair Rental

Krystelle Salon is currently offering chair/booth rental to the right licensed,professional hair stylist. Competitive chair rental rates, great work environment, in our up-scale salon.

For more information, please contact: Careers@KrystelleSalon.com

Krystelle Spa and Salon is conveniently located in Airport 84 Plaza, on the corner of Isabel, Kittyhawk and Jack London on the border of Livermore and Pleasanton .

The entire team at Krystelle Salon would like to extend a heartfelt thank you for choosing us for your necessary health and beauty needs. Call Jolly at (510) 386-5766

to schedule that appointment now or visit them at www.krystelleSpaSalon.com

Quote of the Week – “Lost time is never recovered” – Anonymous

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