December 5, 2011

STETSON COMMUNITY COMES TO AID OF HOMELESS TEENS FEATURED ON 60 MINUTES -- Dozens of Stetson University students, employees, alumni and top administrators did a double-take last week while watching a 60 Minutes segment about central Florida families who are homeless. One of the main subjects of the story, Arielle Metzger, 15, was wearing a Stetson T-shirt during her interview. The Seminole County teenager, who lives in a truck with her brother Austin, 13, and father Tom, talked about the importance of education and how she wants to become a lawyer to help children and homeless people. The Stetson community immediately felt as if Arielle was one of their own. Stetson has decided to guarantee the brother and sister a financial aid package to cover the full cost of attending the university. Further, three students from Stetson’s Bonner Scholars Program will reach out to Arielle and Austin as mentors as they conclude their public school education, and the Zeta Tau Alpha sorority at the DeLand university is raising funds to help support some of the immediate needs of the Metzger family.

SCORE WORKSHOP ON STARTING YOUR OWN BUSINESS –The Volusia/Flagler SCORE will present a free seminar on how to start a business. The session will cover marketing, pricing, legal structures, financing and a business plan. The seminar is December 8 from 6 to 8 p.m. at Daytona Beach International Airport. Reservations are required and include free parking. To register go to: score 87.org or for information call 386-255-6889.

TAX CREDITS FOR EMPLOYERS, PROGRAMS FOR VETS -- Two new tax credits for employers and programs to help get veterans back to work are in effect. For employers there are the Returning Heroes Tax Credit and the Wounded Warrior Tax Credit programs. For veterans there are the Veteran Gold Card, My Next Move for Veterans, the Veterans Job Bank, and an HRSA pledge to help vets become physician assistants. For information go to: tinyurl.com/6mzs6a6.

WEBSITE SOURCE FOR DOING BUSINESS WITH THE STATE -- MyFloridaMarketPlace is the state's online exchange for buyers and vendors. This is a source for centralized procurement activities, streamlining interactions between vendors and state government entities and providing tools to support procurement for the state. More than 139,000 vendors have registered with MyFloridaMarketPlace, which is part of the Florida Department of Management Services. Since 2002, 32 state agencies using the system had placed more than 986,000 purchase orders and spent more than $9.3 billion. For information go to: tinyurl.com/selltoflorida.

SBA HAS RADIO SHOW -- SBA Radio’s Small Business Advisory is a radio show that provides small businesses with information from the Small Business Administration. It air Thursdays at 2 p.m. EST. For information, go to: businessleader.com/wsradio/radio_showspage.aspx?id=22.

WHAT ARE YOUR CHANCES FOR AN IRS AUDIT? -- The IRS audit rate for individual returns rose to 1.11 percent in 2010, the highest since 1997. The IRS audited 8.36 percent of the returns with incomes of $1 million or more -- one in 12. Other classes of returns with audit rates more than twice the average were filers with incomes of at least $200,000; business returns with gross receipts more than $25,000, such as Schedule C filers, and returns where the earned income credit was claimed. For common audit triggers, go to: Kiplinger.com/links/auditredflags.

TAX BREAK FOR HIRING THE UNEMPLOYED – There is a tax credit of up to $1,000 per worker if you retained employees who qualified for the 6.2 percent payroll tax exemption in 2010 – employees who worked 40 hours or less in the 60 days prior to their hire date. The credit is 6.2 percent of their 2011 wages, but is capped at $1,000 for workers making over $16,129. This break is available if the workers remain employed for 52 consecutive weeks, as long as their pay in the last 26 weeks of the period is at least 80 percent of their wages for the first 26 weeks. Check with a tax advisor to confirm you qualify.

NEWS ITEMS WANTED! – Please send your business news items to Dave Byron, Volusia County Community Information Director, 123 W. Indiana Ave., DeLand, 32720-4612, by fax at (386) 822-5072 or by e-mail at dbyron@co.volusia.fl.us.

Division of Economic Development
700 Catalina Drive, Suite 200, Daytona Beach, FL 32114
Telephone:
386-248-8048   FAX: 386 238-4761   Toll Free: 800-554-3801

Rob Ehrhardt
Manager

doed@volusia.org