THE ULTIMATE WEDDING EXPO

Saturday, March 3rd 2012, from 10:00 am to 5:00 pm, The New 92.1 KTFW and Clark Gardens will host the a bridal expo among the gorgeous flowers of the Gardens where 5 chosen couples will compete for the Ultimate Wedding Giveaway and one will win a dream wedding worth $15,000 complete with all the sparkle, glitz and glamour they could imagine!

In addition to a faux wedding, there will be vendors on hand: photographers, florists, caterers, wedding dresses, and more.


75th Annual PRCA/WPRA Pro-Rodeo

The Palo Pinto County Livestock Association 75th Annual All-American Series PRCA/WPRA Pro-Rodeo will take place May 9 through 11. It is one of the Oldest and Finest outdoor Pro-Rodeos in the nation.

EVERY NIGHT , you can enjoy all the regular pro-rodeo events PLUS Mutton Bustin' and Calf Scrambles for the kids, Local Team Roping in addition to the Pros AND two area girls riding groups - The Cowgirls of Hope open EACH NIGHT's rodeo and The Cowgirl Chicks perform their nationally renowned trick riding maneuvers EACH NIGHT at  intermission! If you haven't seen them - you shouldn't miss the chance! If you have seen these groups, you know you shouldn't miss the chance to see them again. They just keep getting better! Beer and Food Concession by Mesquite Pit and other snack vendors too.

 


Natty Flats

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OLD JAIL MUSEUM FEATURING 'ALAMO IMAGES'

The Old Jail Museum will be featuring Alamo Images: Changing Perspectives of a Texas Experience March 8 through March 31.

They will survey the Alamo of the Texas imagination through illustrations drawn from historical documents, paintings, sketches, cartoons, comic books, television, and movie interpretations. Alamo Images focuses not merely on Texas history, but on the mythic power of events that helped define a community, state, and nation and on the ways in which people learn history.

 


Catering Options-

We provide a Chamber-approved Catering List of local caterers.



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Step by Step


Mineral Wells and Palo Pinto County are open for business! It’s easy to start a business in Texas, but we’ll let you know that our city and county work to keep a favorable taxing and regulatory climate for business.

Follow these basic steps to get your business off the ground:


Select entity type:

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  • Sole Proprietor
  • General Partnership
  • Limited Liability Company
    • Disregarded entity
    • Partnership
    • Corporation
  • Limited Partnership
  • Corporation
    • “C” or subchapter “S”

All limited liability choices subject you to Texas Franchise Tax Filing Requirements.


Get set up to be an employer:

  • File organization documents as necessary with State of Texas and the IRS.
  • Fill out SS-4 to apply for Employer Identification Number (EIN).
  • Texas application for sales tax permit.
  • C-1 Texas status report.
  • Other permits as necessary, depending on locality and type of business
  • Sign up for Electronic Funds Transfer payments of payroll taxes and state unemployment taxes.

Get set up to hire employees:

  • Know the difference between having employees versus contract workers.
  • Have each employee fill out a W-4 form to declare exemptions.
  • I-9 to verify eligibility for employment.
  • Record employee names and Social Security numbers from Social Security cards.
  • Report to State of Texas on a “New Hire” form with 20 days.
  • Follow payday laws for other payroll deductions and pay stubs.

Each payday:

  • Withhold federal income tax.
  • Withhold Social Security taxes.
  • Withhold Medicare taxes.

Tax deposits (annual, quarterly, monthly, or semiweekly):

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  • Withheld income tax from employees.
  • Social Security and Medicare taxes that are withheld from employees, as well as the employer’s share. (Due date depends on your deposit schedule).
  • Deposit FUTA tax in an authorized financial institution if undeposited amount is over $500/quarter.
  • File form 941 (pay tax with return if not required to deposit).
  • File C-3/C-4 with the Texas Workforce Commission.
  • File sales tax as directed.

Annually:

  • Remind employees to submit a new form W-4 if they want to change withholding.
  • Reconcile forms 941 with your W-3 totals.
  • Prepare and file W-2s and W-3 transmittal.
  • Prepare 1099s and 1099 transmittal for all contracted labor over $600.
  • File form 940 or 940 EZ for federal unemployment taxes.

Take the time to handle the business side of operations:

  • Set financial goals and budgets.
  • Prepare monthly financials for review and compare to previous periods.
  • Reconcile credit card accounts.
  • Stay in compliance with all the licensing and tax requirements.
  • Work with a CPA to select an appropriate bookkeeping system, and get proper training.
  • Maintain adequate records for management purposes, income tax preparation purposes, and capital lending purposes.
  • Stay current on tax filings and reporting employment taxes, sales tax, franchise tax, income tax, and property taxes.

Marketing

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  • Do not underestimate initial advertising expenses. In many businesses, especially new ones, getting the word out early is vital.
  • Do not underestimate the importance of location if your business relies on walk-in and impulse purchases.
  • Have a website and keep it updated.
  • Establish two-way communication with customers early on. Engage them so they can help you grow!
    • Social Media
    • Surveys

Your personal finances:

  • Experts warn that your business could take 1-2 years to achieve profitability. Have a reserve fund to cover personal expenses.
  • Consult a CPA and an attorney to help determine the best entity type for your business and your goals.
  • When starting a new business, don’t bleed the company of cash flow.  It is imperative to take care of the company first so it can later take care of you.

Sources:

Karen Thompson, CPA – Crawford, Carter, & Thompson LLP (940) 328-1167
Aric Kram , CPA – Kram and Associates, PC (940) 325-7881
Beth Henary Watson – Mineral Wells Area Chamber of Commerce (940) 325-2557