DP&Co. Client Benefits From SBA's Increased Loan Guarantee

VR Industries, Inc, client of DiSanto, Priest & Co., benefits from SBA’s increased loan guarantee. 

Karen G. Mills, administrator of the U.S. Small Business Administration, and Gov. Lincoln D. Chafee announced a newly proposed initiative to encourage lending to small businesses during an SBA breakfast today, March 30, 2011.

The initiative would see the state designate $5 million of its $50 million in Job Creation Guaranty Program funds to create a state guarantee of 15 percent to complement the SBA guarantee on 7(a) loans. The 15 percent state guarantee and 75 percent SBA guarantee combined will see a total of 90 percent of each loan backed by government resources.

Pictured: Brian Pestana, vice president, VR Industries, Inc.

Pictured (L-R): Brian Pestana, Mayor Scott Avedisian, Governor Lincoln D. Chafee, SBA Administrator Karen G. Mills, RIEDC Executive Director Keith Stokes, and District Director of SBA RI District Office Mark Hayward. 

The Bentley Foundation in Providence Business News

The Bentley Foundation, charitable giving arm of DiSanto, Priest & Co., is featured in the March 28th edition of Providence Business News for participating in a shoreline cleanup for Save The Bay! Click below to read more.

Businesses dive into beach cleanup - PBN.com - Providence Business News

Employees Featured in RIBQ Magazine

DiSanto, Priest & Co. employees are featured in the 1st Quarter 2011 Edition of RIBQ, Rhode Island's Magazine for Business.  Click on the link below to view!

http://www.bluetoad.com/publication/?i=64231&p=23

Fraud: The Hidden Expense

DiSanto, Priest & Co. is sponsoring a Government Fiscal Solutions Summit tomorrow, Friday, March 25th at CCRI.  Partner Ernest Almonte will be the program moderator.  Check back for a summary of the discussion.

In the meantime, check out the first of a series of videos presented by Ernest Almonte titled:  Fraud: The Hidden Expense.

Visit our youtube channel:  http://www.youtube.com/user/disantopriest1 to view more!

You Can Still Make a 2010 IRA Contribution

If you haven't contributed funds to an Individual Retirement Arrangement for tax year 2010, or if you've put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April due date for filing your tax return for 2010, not including extensions.  Be sure to tell the IRA trustee that the contribution is for 2010. Otherwise, the trustee may report the contribution as being for 2011 when they get your funds.

Generally, you can contribute up to $5,000 of your earnings for 2010 or up to $6,000 if you are age 50 or older in 2010. You can fund a traditional IRA, a Roth IRA (if you qualify), or both, but your total contributions cannot be more than these amounts.

Note: IRA contribution limits remain the same in 2011 - $5,000, or $6,000 if age 50 or older.

Traditional IRA: You may be able to take a tax deduction for the contributions to a traditional IRA, depending on your income and whether you or your spouse, if filing jointly, are covered by an employer's pension plan.

Roth IRA: You cannot deduct Roth IRA contributions, but the earnings on a Roth IRA may be tax-free if you meet the conditions for a qualified distribution.

Welcome!

Welcome.  We plan on posting information on these pages that is useful to our clients and community.  We hope you enjoy the financial articles, videos and news that will appear on a regular basis.  As always, more information is available on our website:  http://www.disantopriest.com/