Lord Ember Stone's Quest

Kravis Prize for Non-Profit Achievement

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Kravis Prize for Non Profit Achievement photoThere is always leader in every field of expertise. In business for example, there are names to be listed as business leader worldwide. In media industry, there are Rupert Murdoch, the CEO News Corporation, and Steve Forbes, the CEO of Forbes Business Magazine. As the richest businessman in the world, there is Bill Gates, the co-founder of Microsoft software. There are still many other business leaders who cannot be mentioned one by one.

But, among all those leaders in business, there is a name which can be put alongside J.P. Morgan as business Leader in America. The name is Henry Kravis, the co-founder of Kohlberg Kravis Roberts & Co. This company specializes in leveraged buyout (LBO), an acquisition process in which the company borrows money to acquire the block of stock. By using the debt as the assumption, the company gradually takes over the management of the given company. Henry Kravis has already become one of the most influential investment bankers in this business as he successfully manages to acquire RJR Nabisco for more than $25 billion, such a huge amount of buyout in the centuries. In the mid of 1980s, there were two names to help KKR gain more and more profit. Those names were Michael Milken and Ivan Boesky from Drexel Burnham Lambert.

Despite of his business journey, Henry Kravis has also provided prize for non-profit leader from all over the world. The name of the prize is Kravis Prize which is administered by Claremont McKenna College. The prize is also associated with The Kravis Leadership Institute, one of the ten popular research institutes in CMC. The goal of the prize is to celebrate the accomplishment of the recipients who are recognized to inspire other people in the world through their non-profit works. The amount of the prize itself is $250,000.

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July 20th, 2010 at 2:17 pm

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Reasons to Get Your Tax Return Filed Earlier

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Reasons to Get Your Tax Return Filed Earlier photoWe always have reasons to not file our tax return sooner. But there are actually strong reasons to file your tax return immediately. The first reason is to avoid the crowds. You can be sure the last couple weeks before April 15th, every accountant, tax preparation company, and tax professional become badly busy. If you don’t to waste your time to wait for hours inside their crowded office, you’d better get your tax return filed before this hectic season begins.

Roni Lynn Deutch also suggests filing tax return because it will be easier to miss tax deduction or credit when you prepare it in last minute. The result is you will lose extra money you can get from tax deduction. It will also reduce your stress because the deadline of tax return is still far away. You have enough time to prepare it so this process won’t be stressful for you.

The next best thing is you will have better professional services. If you provide enough time to your tax preparer, there’s less chance of miscalculation. Roni Deutch also argues that you will get faster refunds. This is the biggest benefit of having your tax return filed earlier. If you file your return sooner, you will have it processed sooner too. You will also have enough time to put money into your account before April 15th and you don’t need to worry about having to pay late fee charged by IRS.

The last reason of filing your tax return sooner suggested by Roni Lynn Deutch is that you don’t need to get involved in an extra paperwork. We know that working in last minute gives us a bigger chance to make mistakes. You may forget about something that requires you to make a correction. It will then make you need to file a request for an amendment or an extension to your return that needs extra paperwork.

Written by admin

July 14th, 2010 at 5:08 pm

Posted in Reference