Blackhillsams

Archive for April, 2009

Often it is believed that simply purchasing an aircraft outside of California eliminates the sales and use tax liability.  There is a half truth here; properly purchasing an aircraft outside of California does eliminate the sales tax obligation, however, it does not eliminate the use tax. 

Many people do not know how, or where to begin when going through the California sales and use tax exemption process.  The simple answer is that you must take delivery of the aircraft outside of California.  However, there is more detail behind the simple answer.  For example, the contract of sale (purchase agreement) must specifically reference the location where the aircraft will be delivered to the purchaser outside the state.  

As standard practice, we advise that the delivery occur in Oregon.  Oregon is the closest, non-sales tax state in proximity to California that will not have a jurisdictional claim for sales or use taxes simply because the sale occurs there.  Therefore, Oregon is often times the most convenient location.  However, it may not be convenient in every situation.  There are a total of five non-sales tax states:  Oregon, Alaska, Montana, New Hampshire, and Delaware.  Many other states have guidelines for non-resident purchasers taking delivery within their state without fearing tax repercussions.  Be sure you know the rules.  Read more...

Financing your Auto Needs

What are personal loans?

Personal loans are loans which are given without any specific purpose in mind. In simpler terms, unlike a car loan or a home loan, a personal loan can be put to any use by the beneficiary according to his/her discretion. Personal loans can be used for a wide variety of purposes, and there is no restriction or compliance with specific conditions in its usage. This makes the loan very convenient for a borrower. The loan can be repaid like all other loans through the equated monthly instalment (EMI) process where a fixed amount is paid each month. The distinguishing features of personal loans are as follows:

They are provided without any specific purpose in mind.

They are usually unsecured loans.

They come at a higher rate of interest than other loans.

They are for a relatively shorter duration, less than 5 years usually.

Advantages of a personal loan

The biggest advantage of a Personal loan is that it is an all-purpose loan. So you can take a personal loan to take your family on a trip to Europe, or buy the latest Sony LCD TV, or even to pay off your credit card dues. Your bank doesn’t care as to how you use the loan amount sanctioned to you.

It also takes the least amount of time and paperwork to be sanctioned as compared to other retail loans. So if you are in urgent need of funds, a personal loan is the way to go.

These days, credit cards are easy to obtain. It’s even easier to use. It can be hard not to get into debt. However, all the money you debt should be paid back in the future. Spending more than you can afford eventually will catch up with you. Debt consolidation is better for you than declaring bankruptcy. You may need free debt consolidation to relieve the burden if your debts become overwhelming.

It’s a good way for you to find a reputable company to deal with. There are many companies which may have hidden costs can give you a free debt consolidation. You must check any company out to be sure that the debt consolidation is completely free. If there are some mortgage brokers who tell you they are giving you a debt consolidation, you should stay away from banks and mortgage brokers. But they are really giving you a second mortgage on your home. The idea of a debt consolidation is not to incur more debt. The original ideal of debt consolidation is to cut your debt and improve your financial situation.  Read more...

The Chicago White Sox® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America.    (www.whitesoxcreditcard.com ).   This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country.  Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards.  These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty –  are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball.  Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times.   With the MLB™ Extra Bases™ credit card, White Sox fans can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card with pride.  Visit www.whitesoxcreditcard.com to complete the credit card application online in a few short minutes.