The gulf coast claims facility or the GCCF has been set up in order to control all managerial tasks related to the bp claims issue. Its major tasks include a fair review of all the claims that were coming in Jaire Alexander Limited Jersey , and then to distribute fairly all the available funds. None of the tasks were performed correctly, and this can easily noted, if we have a look at some statistics:
-there are far more people struggling with denied bp claims than those with paid claims
-out of the available $20 billion fund, only as little as 5.5 billion have been paid out in almost two years
-the majority of the gccf claims get delayed for no good reason
Statistics of this type make everyone wonder why the Gccf and the BP delays the process so much. There are three main reasons:
-the quarterly earning reports of the BP might have to suffer greatly if they start making out huge payments to the claimants. This means that their stability on the stock market will be compromised, and the company might not be regarded too well by its shareholders who invest a lot in the company.
For a chance to fair solutioning of the gulf coast claims, people should definitely have on their side proper legal representation.
Findul - About Author: The GCCF was formed to assist individuals and businesses file Gulf Coast claims for costs and damages as a result of the bp oil spill. To avoid holding up your Gulf Coast claim facility, it is important that you have all the proper documentation to show the GCCF.
What is the Number One reason you pay too much tax? Let's brainstorm. We all pay too much tax because:
1) Our elected politicians created the complicated and convoluted monster known as the U.S. Tax Code Adrian Amos Elite Jersey , and this monster takes our money away.
2) Public Enemy #1 (The IRS) takes our money away.
3) Tax preparers are too busy preparing tax returns to help us take advantage of all the complicated and convoluted tax loopholes, leaving us to fight a losing battle against The Monster and its evil watchdog, the IRS.
What do you think? Are we on the right track?
I'd like to suggest one more reason, and it is really the only factor that you and I have complete control over: Bookkeeping.
There's not much we can do about Reasons #1 and #2. And there's a limit to how much we can do about Reason #3. But there is a tremendous amount we can do to maintain better tax records -- and this Preston Smith Elite Jersey , more then anything else, is the Number One reason why small business owners and self-employed people pay more tax than necessary.
Let me now prove it to you by asking this question: How did your business do last year? (By "business" I'm referring to any type of small or home-based business venture, full-time or part-time, including self-employment activities of the typical sole proprietor.) Did you have a profit or a loss? Do you even know whether you had a profit or loss?
If I called you up on the phone right now and asked you how much profit (or loss) you made in your business last year -- at least 5 people out of 10 wouldn't have a clue. If I asked you right now to tell me how much profit (or loss) you made last month Dexter Williams Elite Jersey , I know for a fact that 9 out of 10 couldn't tell me.
And chances are that when tax time rolls around each year, you won't even know how much profit you made last year for at least a month or two -- after spending days and untold stressful hours trying to fix your record-keeping nightmare.
I deal with this scenario regularly: The typical small business owner or self-employed person is stressed out about taxes because hisher records are in a shambles. You know what I'm taking about, don't you? Receipts scattered in five places, and you've long forgotten what they were even for. Hand-scribbled notes in your day timer. A checkbook. Twelve months worth of receipts from three different credit cards.
And now you've got to figure out how to put it all together in the next few weeks so you can prepare your own return or give it all to your accountant without him laughing in your face because of the total disaster your records are in.
And most folks wouldn't even dare think about what would happen if the IRS came calling for an audit. The IRS would laugh all the way to the bank at the record-keeping disaster they find.
Most self-employed folks use a variation of the "shoe box" method -- they throw all their receipts Jace Sternberger Elite Jersey , cancelled checks, bank deposit slips and anything else business-related into a box and then come March or April they dump it out and try to figure out what the heck was what -- for about 5 days straight. Is this any way to run a business?