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BRUSSELS – EUROPE bought time this weekend to avoid a Greek bankruptcy, but tough negotiations lie ahead to save Athens and prevent the euro zone debt crisis from descending into global drama.

Greece will be able to pay its bills this month after euro zone finance ministers cleared the way late Saturday for the next 12 billion euro (S$21.4 billion) tranche of last year’s 110 billion euro EU-IMF bailout.

But the ministers still need to work on a second rescue package potentially of similar size to ensure Athens can stay afloat until at least 2014, warding off a devastating default that would reverberate across Europe.

‘We can’t afford to relax and we need to move forward as fast as possible, both on the euro zone and IMF side,’ said Polish Finance Minister Jacek Rostowski, whose country chairs the rotating EU presidency but is not part of the 17-nation euro area.

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Do you operate a Canadian small business? This guide presents all the information you need to know about preparing and filing Canadian income tax, from which business expenses qualify as legitimate Canadian income tax deductions through details on completing the T1 Personal and T1 Corporate Income Tax Returns.

Which Canadian Income Tax Return Do I Need for my Small Business?

The Canadian income tax return you need to complete and file for your small business depends on how your business is structured.

If your business is a sole proprietorship or partnership, you report your business income on your T1 personal income tax form. Your small business is you, so to speak, and the T1 income tax return package includes Form T2125 (Statement of Business or Professional Activities), which you will use to report your business income.

If your small business is incorporated, you will report your business income on a T2 corporate income tax return. Legally, your incorporated small business is a separate entity and it needs to complete and file its own Canadian income tax return.

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Real estate transfers of $100,000 or more as shown in the records of the Shelby County Register’s Office include:

Deeds posted June 15-21

38125

5140 Hacks Cross: John Jordan from Michael Pinkney, $270,579.19

4295 Richwood Place: Willie Parker Jr. from Sandra Y. Anderson, $134,900

5180 Silver Peak Lane: Morticia B. Taylor from HBT Investments LLC, $220,500

4878 Stirrup: Jermaine A. Benson from Leader Five Star Homes LLC, $149,950

38127

4422 Oakden Cove: Lawrence W. Singleton from Vintage Homes LLC, $128,265

38128

4544 New Allen Road: Regency at Raleigh LLC from KPM Realty Group LLC, $750,000

4776 Rolling Meadows: U.S. Bank National Association from Melody H. Crawford, $152,570

38133

2988 Christoval: Fred S. Oseguera from LCSpanies LLC, $115,000

3483 Golden Valley Lane: Tammie R. Kubicki from Perennial Building Group LLC, $194,000

38134

6051 Grayce: Donald G.

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I don’t know if you’ve noticed, but its cold outside! Christmas lights are up and everyone seems at least semi-cheerful, which meansyour little monsters holiday break is approaching fast! So, before boredom sets in and they start getting crazy, it’s up to the rents to start planning some activities to keep everyone saneoh and enjoy the season a bit too.

In this economy, especially around the holidays, we are all on a budget, but we also want to make lasting memories for our kids. It seems like an impossibility to keep them occupied without taking them to the movies or a theme park, but it truly can be done.

Try, thinking back to when you were a kid…What stands out most among your holiday memories? I know many of mine come from the simplest times at home with my family.

Here are some pretty neat, inexpensive ideas that will keep the family entertained, and more importantly, together celebrating what the holidays are truly about:

Feeling cooped up?
For those of you who have found yourselves trapped in the house way too long with kids on a sugar-high, get outside! Read full post…

Tickets are now on sale for the Regional MBE Power Breakfast, which will be from 7:30 to 9 a.m. Friday at the University Club, 1346 Central.

The program, “Keys To The C-Suite:petitive Strategies for Winning Corporate Contracts,” will feature speakers Mary McDaniel, a former FedEx vice president, and retired Circuit Court judge George Brown.

“Securing corporate contracts is a key to exponential growth for most small businesses,” said event organizer Donnell Cobbins, chief operating officer of Universalmercial Real Estate.

Tickets cost $15. For more information, call (901) 414-3315, ext. 2, or find the event online at eventbrite.

Call center wins award

For the sixth consecutive year — and the seventh time since 2004 — Memphis-based Answering Advantage has won the Award of Excellence from the Association of TeleServices International.

Answering Advantage is a 24/7 call center and answering service. Thepany was judged by an independent panel of judges on call-handling skills, live calls, courtesy, response time, accuracy and overall service to clients.

EDR sells Ga.

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If you’re a talented writer who has the knack of creating compelling copy and knows how to run an effective marketing campaign, this could be the perfect home based business for you. Small and medium-sized businesses are more willing to invest in public relations and marketing than they used to be. They realize that well written press releases, Web copy, and sales letters translate into more sales.

You might also offer services such as marketing plan development, proposal writing, speech writing, and/or trade show coordination. Another approach is to establish yourself as a marketing specialist for a particular type of professional, such as concentrating on providing public relation services to professional speakers, for instance.

Pros: This can be an exciting, fun business for a writer with a lot of interesting people and different projects to keep your creative juices flowing.

Cons: Besides being a talented writer, you have to be media savvy and extremely organized. It may be difficult to get clients if you focus solely on “micro” businesses.

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