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Companies Served Since 1981

The HBS Blog


The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, start-ups and general business topics.

HBS Video Series Featured in the Cape Gazette
By Carleigh Lowe Friday, March 4, 2011

Check out the article below, which was published in the Cape Gazette, featuring Harvard Business Services, Inc. Video Series:

Harvard Business Services announces the release of a video series for entrepreneurs seeking information about forming a company in Delaware.

“We at HBS [Harvard Business Services] have a long tradition of guiding entrepreneurs through what can sometimes be a daunting process of forming their own companies. We are pleased to offer a video series that answers the questions entrepreneurs ask us the most,” said Rick Bell, chairman and CEO.

HBS’s video series covers the following topics: the best way to form Delaware limited liability companies (LLC) or corporations, advantages of incorporating in Delaware, LLC vs. corporation, what happens after forming an LLC or corporation, changing a Delaware registered agent to HBS, the best Delaware mail-forwarding service, how to pay Delaware franchise tax for an LLC or limited partnership, Delaware franchise tax and how to pay Delaware franchise tax for corporations.

Access the video series through HBS’s website in the video library, YouTube, or the HBS blog in the videos of interest section. Launched in March 2009, the HBS blog covers a wide variety of topics ranging from tips on raising capital to business basics on how and why to incorporate. HBS created the blog as a tool to empower entrepreneurs through thought-provoking articles. In addition, the HBS blog is a virtual community where entrepreneurs can join an open dialogue and share expertise.

Founded in 1981, HBS has formed more than 80,000 corporations and LLCs. Harvard helps clients to incorporate in Delaware, form Delaware LLCs, conduct business filings, pay franchise tax and research corporate formations.

For more information, visit delawareinc.com or call 877-345-2677. 

 

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Happy 30th Birthday Harvard Business Services, Inc
By Carleigh Lowe Wednesday, March 2, 2011

Rick Bell formed Harvard Business Services, Inc. on March 2, 1981. Competitors then were big and well established. But Rick conducted business with a philosophy that allowed Harvard not just to survive but to thrive, emerging over time to become an acknowledged leader in the business formation industry. His philosophy focused on a highly personalized style of customer service, understanding that beyond the mechanics of forming a business there were dreams and aspirations. A customer’s individual questions and concerns were important and special, and that’s how they were treated.

Rick also decided that a customer’s business formation costs should be fixed, predictable, and affordable. And, customers should get a lot of value for their money. After 30 years and tens of thousands of business formations later, that same approach is still the signature of our culture and way of doing business: speed, efficiency, expertise and affordability, all delivered with the Rick Bell legacy of personal service.

Headquartered in Lewes, DE, Harvard Business Services, Inc. today is the leading provider of business formation services. Along with the HBS brand of fast, personalized service, customers soon discover a number of other traits that set Harvard Business Services, Inc. far apart from the rest.

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Some Taxpayers Will Have to Wait to File
By Devin Scott Thursday, February 24, 2011

Tax law changes enacted by Congress and signed by the President in December mean the IRS will need time to reprogram its processing systems and will not be able to process certain filings until then. This will affect many taxpayers. According to the IRS website, these are the taxpayers that will have to wait till the end of February to file:

  • Taxpayers Claiming Itemized Deductions on Schedule A. This one is pretty typical and will affect many taxpayers. Itemized deductions include mortgage interest, charitable deductions, medical and dental expenses as well as state and local taxes. In addition, itemized deductions include the state and local general sales tax deduction that was also extended and which primarily benefits people living in areas without state and local income taxes. Because of late Congressional action to enact tax law changes, anyone who itemizes and files a Schedule A will need to wait to file until mid to late February.
  • Taxpayers Claiming the Higher Education Tuition and Fees Deduction. This deduction for parents and students. covering up to $4,000 of tuition and fees paid to a post-secondary institution. is claimed on Form 8917. However, the IRS emphasized there will be no delays for millions of parents and students who claim other education credits, including the American Opportunity Tax Credit extended last month and the Lifetime Learning Credit.
  • Taxpayers Claiming the Educator Expense Deduction. This deduction is for kindergarten through grade 12 educators with out-of-pocket classroom expenses of up to $250. The educator Expense Deduction is claimed on Form 1040, Line 23 and Form 1040A, Line 16.

The IRS will announce a specific date when it can start processing these returns in the near future.

On a different note, the IRS announced January 4, 2011 that taxpayers will have until April 18th to file their tax returns. They expect to receive more than 140 million individual tax returns, most by the deadline. For this reason, the IRS reminds taxpayers that using e-file is the best way to ensure accurate tax returns and get faster refunds. Taxpayers requesting an extension will have until Oct. 17th to file their tax returns.

This IRS article offers more detailed information for taxpayers. 

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Meet the HBS Team: Laurie Morgan, Accounting Specialist
By Carleigh Lowe Wednesday, February 23, 2011

Laurie MorganLaurie was born and raised in Delaware. After completing several college courses in accounting and management, Laurie became a retail bookkeeper for her family's business. Later, she spent over six years in the banking industry handling accounting matters for two area banks. Since joining Harvard in 2002, Laurie has been using her accounting skills to handle all accounts payable and receivable issues.
Call or fax Laurie to confirm your payment or to check the status of your invoice.

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Driving Your Way Towards Tax Savings
By Paul Sponaugle Monday, February 14, 2011

If you have a single member LLC, then there's a good chance the vehicle you drive "on the clock" is the same car you drive "off the clock." If a separate work vehicle is not a viable option, then writing off expenses on your personal vehicle is a great opportunity for tax savings, but like all tax regulations, it’s not as easy as it sounds.

The IRS states that you need to record every deductible mile you drive. So, unless you want to strap a clipboard to your steering wheel and start writing down the mileage to and from every work destination, you should check out Bonnie Lee's article, "How to Write Off Your Vehicle Expense."  Bonnie Lee is an Enrolled Agent representing taxpayers in all fifty states, at all levels within the IRS. Her article offers some tips for some basic record keeping that could prove to be invaluable when trying to trace back those "business miles" come next tax season.

 

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Disclaimer: Harvard Business Services, Inc. is a document filing service that provides general information. We cannot render legal or financial advice and your use of this site is subject to additional terms and conditions. HBS is not affiliated with Harvard University.

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