Business

May 6, 2022 0

From Dick’s Desk at the AACA LITC
(Asian American Civic Association Low Income Taxpayer Clinic)

Dear Dick I am a journeyman finish carpenter. I spent the whole week sorting through my lumber supply invoices and pay records for my construction helper. But….I am relieved. I managed to file my income tax returns by the April 15 tax deadline this year. At the same time, I am worried that the IRS is going to audit me again. I’m being audited for last year. When I went to my mailbox, I noticed a thick letter with the […]

April 27, 2022 0

From Dick’s Desk: What’s an HSA?

by Richard Soo Hoo

Dear Dick I’ve been happily working at my current job. I’m an electrician. I love my co-workers. I look forward to coming to work every day. The employee benefits are good, particularly, the health care coverage for me and my family. Everything is fine. That is, until 5 pm last Friday. My supervisor called me into the conference room. I lost my job along with 20 other employees. The company needed to cut costs to remain profitable. Since then, […]

April 12, 2022 0

Restaurant Recovery from the Pandemic

by Moninisha Yadav

As we continue to move forward after the pandemic, the U.S. unemployment rate hit a two year low of 3.6% in March of 2022. The hospitality industry was the first to be devastated by COVID 19. Restaurants are gradually recovering due to easing COVID-19 restrictions allowing for higher (in some places, even 100%) indoor capacity. However, many restaurants and small businesses are still struggling with issues like inflation when it comes to hiring employees back from when they lost millions […]

March 28, 2022 0

From Dick’s Desk

by Richard Soo Hoo

Hi, Dick- My wife and I own a vacation home on Cape Cod. We enjoy having our family, especially the grandchildren, visit and spend time relaxing on the beaches of the National SeaShore. We receive a number of inquiries from real estate brokers to rent our vacation property to tourists and vacationers. How should we handle the financial obligations from our vacation home which now has become a lucrative business situation? Sincerely, “Retired and Sunburned” Dear “Retired and Sunburned:” When […]

March 14, 2022 0

IRS: File This Year to Get Access to New Tax Credits, Benefits

by Sampan Staff

Even if you were not expecting to file a tax return for the 2021 year, the Internal Revenue Service is urging you to consider filing, as it could pay off. Literally. The IRS recently issued a notice about expanded tax credits for families and other expanded credits and benefits potentially available to many eligible filers. This includes the Recovery Rebate Credit, Child Tax Credit, Credit for Child and Dependent Care Expenses and the Earned Income Tax Credit. The expanded benefits, […]

March 4, 2022 0

Tufts Children’s Hospital Faces Closure, Leaving Families and Doctors in the Lurch

by Xinyan Fu

After a century of service and pediatric care, the Tufts Children’s Hospital faces closure in order to increase space for adult patients. The decision was announced in January at a press conference held by Tufts executives, and is expected to take effect in July. Due to an increase in adult patients’ needs, the hospital would convert its 41 pediatric inpatient beds to adult ICU medical and surgery beds. Children who are currently in treatment will be referred to Boston Children’s […]

March 4, 2022 0

BE AN INNOVATOR!: International Day of Women and Girls in Science

by Madge Meyer

February 11th was International Day of Women and Girls in Science. It reminded me that the fields of science, technology, engineering, and mathematics (STEM) are currently the fastest growing segment of the economy with employers desperately seeking talent— and that talent includes women! When I received a job offer from the IBM Corporation as a Scientific Programmer, l was thrilled. So, I accepted without reservation. At that time, I was in graduate school studying mathematics with a focus on analytics […]

February 28, 2022 0

If You’re Getting a Tax Return, Here’s Why You Should Skip the Check

by Richard Soo Hoo

As the 2022 tax filing season begins, the Internal Revenue Service is asking taxpayers to file tax return electronically and use direct deposit for refunds. Here’s why that would be a good idea: Using a direct deposit is the safest and most convenient way to receive a tax refund. Choosing IRS direct deposit is the fastest way for taxpayers to get their refund. Getting your refund electronically is secure. Since refunds are electronically deposited, there’s no risk of having a paper check stolen or […]

February 28, 2022 0

Five Steps to Getting the Job You Want

by Christopher John Stephens

The most recent Federal job market report showed a strong economy rebuilding itself in spite of Covid waves. Employers added nearly half a million jobs in January 2022. Even more surprising to many, the restaurant and hotel industry has started adding jobs. President Biden noted, with the usual flair seen from Chief Executives, “America’s job machine is going stronger than ever.” What does this mean? We can certainly be comforted by numbers by the definitive objectivity of numbers, but there’s […]

February 15, 2022 0

AACA Launches New Low Income Taxpayer Clinic

by Winnie Huang

On Monday, the Asian American Civic Association (AACA) announced the launch of the AACA Low Income Taxpayer Clinic (LITC) to support English as a second language speakers and low-income individuals who need assistance resolving tax disputes with the IRS. Headquartered at the AACA office on Tyler Street in Chinatown, the AACA LITC prides itself in being the only LITC in Massachusetts dedicated to supporting the Asian community, with specialized translation services in Chinese, Vietnamese, and more in development. Though funded […]

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