Mason Logo
Flying Cash
BUILDING  BRIDGES
Supporting businesses by lending good money to good businesses.  
March 2010 - Vol 3, Issue 3
In This Issue
Entrepreneur of the Month
Factoring FAQ
Daylight Time
Tax Return Preparer
Believe in Your Dream
Notary Facts
Product Recalls
March Holidays
Shingles
Thoughtful Thoughts
Driving Hazards
Forward this email
Join Our Mailing List!
Quick Links
Greetings!
 
Lisa Mazon

Despite the fact that DFW does not have a big budget for handling the 12.5-inch record snowfall which hit us in February, and that most homes here do not even include snow shovels in their home-tool inventory (are snow shovels even SOLD here?), we have managed to make it through February.  And, it "looks like" we just might be positioned for a beautiful green spring season, given all the water added to the landscape and water sheds.

 

As with many businesses, we have had more than our share of employee absenteeism due to weather conditions and illnesses during February and our folks who made it in have all worked twice as hard funding client accounts on time each day!  I would like to share a big "WHOO-RAH!" to everyone who made this possible.

 

We are also recognizing several historical holidays in March that have helped to make our country a world leader.  I thank all of our clients and associates for your business and support.

 

Happy March!

Lisa Mazon

 

 

$$$ Refer & Earn $$$ 


Mazon_Referral_CheersBusiness contacts, friends, family and acquaintances -- you just never know when someone you know might need Mazon's accounts receivable services.
See our referral program at the end of this newsletter.
 
Entrepreneurs of the Month:  Celebrating Irish American Heritage Month, 2010
 
Clover. . . Following the colonial migrations, the United States enjoyed the greatest influx of Irish during the 1840s as Ireland suffered the Great Famine.  Hungry but hopeful, poor but perseverant, Irish-Americans seized the opportunity to work hard, enjoy success, and pursue the American Dream. 

 

Many took on the difficult work of constructing America's infrastructure. Others assumed positions of leadership. Among those leaders were signers of the Declaration of Independence and Presidents of the United States. Still others enjoyed great success and influence in the arts and literature. From social activists to business leaders, athletes to clergy, and first responders to soldiers, distinguished Irish-Americans have made indelible contributions of our national identity. . . . (Excerpts from President Barack Obama's Proclamation of Irish-American Heritage Month, 2009)

 

Some of many famous Irish-Americans in America's history include:

 

Pot of GoldBobby Jones who never took a golf lesson in his life is one of America's greatest golfers ever to step on the links; twelve of the heroes who defended and died at the Alamo were of Irish ancestry, amongst them Davey Crockett, Jim Bowie and Bill Travis; Henry Ford, inventor of the Model T and founder of Ford Motor Company; Howard Hughes, aviator, pioneer and industrialist; James Cagney, legendary film actor; John L. Sullivan, the world's first Heavyweight Boxing Champion (held the title for ten years); Will Rogers, one of America's greatest humorists; John Gregg, inventor of the Gregg system of shorthand, which later was adapted to 14 other languages; Edgar Allen Po, American author; Sharon Christa Corrigan McAuliffe, school teacher, the first American civilian to give her life to the National space program; Audie Murphy, the most decorated soldier of World War II with 28 citations for bravery, including the Medal of Honor; James Hoban, architect of the White House, rebuilt the White House after its burning in 1814 and later assisted in building the United States Capitol; Jackie Gleason, famed comic entertainer; Spencer Tracey, film actor; Walt Disney, famed animator, studio owner and pioneer in the motion picture industry; Bat Masterson, famed gunfighter who returned to New York City after assisting Wyatt Earp, to pursue a career in journalism; Edward and William Patterson, first manufacturers of tin in America; John Hannon, opened the first chocolate shop in America; Daniel Boone, helped commence settlement of Kentucky; Maureen Connolly ("Little Mo") won every tennis match she played, including three times U.S. Singles and three Wimbledon championships; Anne Sullivan Macy, educator and teacher of Helen Keller, who broke down the walls of silence by communication through means of finger spelling; hero in two World Wars, William "Wild Bill" Donovan became the first chief of American counter-intelligence.  (Source:  www.irishamericanheritage.com)

 
 
How much does Mazon charge for factoring my invoices? 
 
FAQ

The rate is based on monthly dollar volume, number of invoices, the length of time it takes invoices to pay, and the credit rating of your customers.  This ranges from 5% to 2% based on monthly factoring volumes of five thousand to one million dollars.  Higher monthly billings receive lower rates.

 
 

Numbers in the News

  
History of Daylight Time in the U.S.
 

(Reminder: Daylight Saving Time begins March 14th)

 

TimeAlthough standard time in time zones was instituted in the U.S. and Canada by the railroads in 1883, it was not established in U.S. law until the Act of March 19, 1918, sometimes called the Standard Time Act. The act also established daylight saving time, a contentious idea then. Daylight saving time was repealed in 1919, but standard time in time zones remained in law. Daylight time became a local matter. It was re-established nationally early in World War II, and was continuously observed from February 9, 1942 to September 30, 1945. After the war its use varied among states and localities. The Uniform Time Act of 1966 provided standardization in the dates of beginning and end of daylight time in the U.S. but allowed for local exemptions from its observance. The act provided that daylight time begin on the last Sunday in April and end on the last Sunday in October, with the changeover to occur at 2 a.m. local time.

 

During the "energy crisis" years, Congress enacted earlier starting dates for daylight time. In 1974, daylight time began on January 6 and in 1975 it began on February 23. After those two years the starting date reverted back to the last Sunday in April. In 1986, a law was passed that shifted the starting date of daylight time to the first Sunday in April, beginning in 1987. The ending date of daylight time was not subject to such changes, and remained the last Sunday in October. The Energy Policy Act of 2005 changed both the starting and ending dates. Beginning in 2007, daylight time starts on the second Sunday in March and ends on the first Sunday in November.

 

Not all places in the U.S. observe daylight time. In particular, Hawaii and most of Arizona do not use it. Indiana adopted its use beginning in 2006. (Source:  http://aa.usno.navy.mil)

 
 
How to Choose a Tax Return Preparer
 
Tax ReturnTaxpayers who decide they need assistance when preparing a tax return should be as careful when choosing a preparer as they would in choosing a doctor or lawyer.  Even if someone else prepares a tax return, the taxpayer is ultimately responsible for all of the information on the return. For that reason, the IRS urges taxpayers never to sign a blank tax form, and they should thoroughly review the return before signing it and ask questions on entries they don't understand.  Most return preparers are professional, honest and provide excellent service to their clients, but some engage in fraud and other illegal activities. Return preparer fraud involves the preparation and filing of false income tax returns by preparers who claim inflated personal or business expenses, false deductions, unallowable credits or excessive exemptions on returns prepared for their clients. Preparers may, for example, manipulate income figures to fraudulently obtain tax credits, such as the Earned Income Tax Credit. In some situations, the client, or taxpayer, may not even know of the false expenses, deductions and/or credits shown on his or her tax return. However, when the IRS detects a fraudulent return, the taxpayer - not the return preparer - must pay the additional taxes and interest and may be subject to penalties.
 
Helpful hints when choosing a return preparer include:  
  • Be cautious of tax preparers who claim they can obtain larger refunds than other preparers.
  • Avoid preparers who base their fee on a percentage of the refund.
  • Use a reputable tax professional who signs the tax return and provides a copy.
  • Consider whether the individual or firm will be around to answer questions about the preparation of the tax return months, or even years, after the return has been filed.
  • Check the person's credentials - only attorneys, certified public accountants (CPAs) and enrolled agents can represent taxpayers before the IRS in all matters, including audits, collection and appeals. Other return preparers may only represent taxpayers for audits of returns they actually prepared.
  • Find out if the preparer is affiliated with a professional organization that provides its members with continuing education and resources and holds them to a code of ethics.
Reputable preparers will ask to see receipts and will ask multiple questions to determine whether expenses, deductions and other items qualify. By doing so, they are trying to help their clients avoid penalties, interest or additional taxes that could result from IRS examinations.  (Source: www.irs.gov)
 
 
Believe in Your Dream
 

Dreaming GirlDo you sometimes find it hard to believe that you can really make your dream a reality? If so, then there is something very important that you need to know.  We live in a world of dreams. Every man-made item around you at this very moment began as a thought, an idea or a dream in the mind of a single individual. The computer on your desk, your mobile phone, your car and countless other items that you use each day are all the result of someone's "dream come true." What this means is that throughout history, hundreds and thousands and millions of people have had an idea, worked hard, overcome problems and ultimately transformed their dream into reality. And if hundreds and thousands and millions of people have been able to do this in the past, then it stands to reason, that you can do it, too.

 

Often we make the mistake of thinking that dreams only come true for a small number of talented individuals who have skills or abilities that we don't possess.  But this is simply not true. The fact that millions of people have brought their dreams to fruition in the past demonstrates that the ability to set and achieve goals is something that is available to each and every one of us. Right now, millions of people around the world are taking the steps necessary to achieve the goals that are important to them. Some are studying, some are building businesses, some are writing books. What is it that you want to achieve?  In order to achieve your goals in life, the only things you really need are: (1) A crystal clear picture of what you want and (2) an unshakeable determination to do whatever it takes to make your dream a reality.  As soon as you take these two steps, anything becomes possible. If you need a new skill - you learn it. If you come up against an obstacle - you find a way around it. If you experience failure - you learn from your mistake and adopt a different approach.  And gradually, step-by-step, you bring your dream into reality to join the dreams of the countless individuals who have gone before you.  I encourage you to take a look at the evidence around you and appreciate the fact that you live in a world where "dreams do come true."  Understand that millions of people have made their dream a reality in the past - millions more will make their dream a reality in the future and you CAN be one of them.  (Reprinted with permission from Dr. Anthony Fernando, www.anthonyfernando.com)
 
 
Notary Facts 
 
Mazon_Notary

Forensic document examiners are encountering a growing trend of forgery in wills, estate plans and life insurance policies, victimizing the survivors of people who thought they had their affairs in order before they died.  This type of forgery is becoming so prevalent that a new term has been coined: "phony-ficiary," meaning the crime of changing the beneficiary on bank accounts, retirement plans and other assets with the intent to divert the money from the rightful heirs.

 

The fraud typically is committed before a person dies but is not discovered until afterward.  Often, a person's last caretaker forges the changes or forces a sick or dying person into signing the new paperwork.  Among recommendations to prevent "phony-ficiary" scams is to obtain multiple, notarized signatures from unrelated witnesses.  (Source: The National Notary)

 
 
Product Recalls 
 
Recalls

The following recent recalls were issued by the U.S. consumer Product Safety Commission.  More details can be found at www.cpsc.gov.  Zippo Slatkin Candle Lighters (Imp: Zippo Mfg. Col, Bradford, PA); Glass Water Bottles (Imp: Starbucks Coffee Co., Seattle, WA); Rechargeable Batteries sold with MVP 5000 Series Wireless Touch Panels (Mfg: AMX, Richardson, TX); GE Telaire Airestat and Carrier Single Beam Carbon Dioxide (CO2) and Temperature Sensors (Dist: GE Infrastructure Sensing, Billerica, MA); Pumptec Electric Motor Controllers for Submersible Pump Systems (Mfg: Franklin Electric, Bluffton, IN).

 

To report a dangerous product or a product-related injury, call CPSC's hotline at 800-638-2772.

 
 
March 2010 Holidays, Observances, Celebrations and Events 
 
Balloons

Mar. 1: National Pig Day; Mar. 2: Texas Independence Day; Mar. 3: National Anthem Day; Mar. 6: Alamo Day; Mar. 7: Peace Corps Day; Mar. 12: Employee Day; Mar. 12: Girl Scout Day; Mar. 14: Daylight Saving Time Begins; Mar. 16: Freedom of Information Day, Liberty Day; Mar. 17: St. Patricks Day, Camp Fire Boys & Girls Founders Day; Mar. 20: First Day of Spring; Mar 22: North American Wildlife Celebration; Mar. 27: Skyscraper Day; Mar. 30: Doctors Day.

March is also Irish-American Month.
 
 
Texas Independence Day, March 2nd 
 

Old FlagIt was March 2, 1836 when 59 delegates signed a document in Washington-on-the-Brazos that declared the Republic of Texas was free and independent of Mexico.  The Texas declaration, written by Tennessean George Childress, was similar to Thomas Jefferson's 1776 American document and contained a statement of the nature of government, listed grievances and ultimately declared independence from Mexico. Five copies were written and sent to major towns around the state and 1,000 more were printed and distributed. Texas' declaration occurred while the Mexican army hammered the walls of the Alamo, which fell on March 6, 1836, and a little more than a month before the April 21 defeat of the Mexican Army at San Jacinto. Mexican general and dictator Antonio Lopez de Santa Anna was captured April 22, ending the revolution.

 

Tx FlagDuring nearly ten years of independence, the Texas republic endured epidemics, financial crises and still-volatile clashes with Mexico. But it was during this period that unique accents of the Texas heritage germinated. Texas became the birthplace of the American cowboy; Texas Rangers were the first to use Sam Colt's remarkable six-shooters; Sam Houston became an American ideal of rugged individualism. Texas joined the United States on December 29, 1845. The red, white and blue Texas state flag with its lone star (the same flag adopted by the republic in 1839) today flies virtually everywhere: on government buildings, schools, banks, shopping malls, and even on oil derricks.

 
 
Shingles -- Not Just for Roofing!
 
Vaccine

Shingles is a skin rash caused by the same virus that causes chickenpox. After an individual has had chickenpox, the virus lives in the nervous system and is never fully cleared from the body.  Under certain circumstances, such as emotional stress, immune deficiency (from AIDS or chemotherapy), or with cancer, the virus reactivates and causes shingles.  In most cases of shingles, however, a cause for the reactivation of the virus is never found. Anyone who has ever had chickenpox is at risk for the development shingles in later years (usually over the age of 60).  It has been estimated that up to 1,000,000 cases of shingles occur each year in the United States.

 

Before the shingles rash is visible, the patient may notice several days to a week of burning pain and sensitive skin. When the characteristic rash is not yet apparent, it may be difficult to determine the cause of the often severe pain. Shingles rash starts as small blisters on a red base, with new blisters continuing to form for three to five days. The blisters follow the path of individual nerves that come out of the spinal cord (called a dermatomal pattern) and appear as a band- or belt-like pattern on an area of skin. The entire path of the affected nerve may be involved, or there may be areas with blisters and areas without blisters. Generally, only one nerve level is involved. In a rare case, more than one nerve will be involved. Eventually, the blisters pop, and the area starts to ooze. The affected areas will then crust over and heal. The duration of the outbreak may take three to four weeks from start to finish. On occasion, the pain will be present but the blisters may never appear. This can be a very confusing cause of local pain.

 

A person with shingles can pass the virus to anyone who hasn't had chickenpox. This usually occurs through direct contact with the open sores of the shingles rash. Once infected, the person will develop chickenpox, however, not shingles. Chickenpox can be dangerous for some groups of people. Until shingles blisters scab over, the disease is contagious and people who have shingles should avoid physical contact with anyone who has a weak immune system, newborns and pregnant women.

 

In May 2006, the U.S. Food and Drug Administration (FDA) approved the first vaccine for adult shingles. The vaccine, known as Zostavax, is approved for use in adults ages 60 and over who have had chickenpox. The shingles vaccine contains a booster dose of the chickenpox vaccine usually given to children. Tests over an initial four-year period showed that the vaccine significantly reduced the incidence of shingles in these older adults. The single-dose vaccine was shown to be more than 60% effective in reducing shingles symptoms and it reduced the incidence of localized pain lasting more than one month by at least two-thirds. Studies are ongoing to evaluate the effectiveness of the vaccine over a longer term. People with weakened immune systems due to immune-suppressing medications, cancer treatment, HIV disease, or organ transplants should not receive the shingles vaccine because it contains live, weakened viral particles. Since vaccination against the varicella virus that causes chickenpox and shingles (ZVZ) is now recommended for children, the incidence of chickenpox has been reduced. This is also expected to reduce the incidence of shingles in adults as these children age. (Source: http://www.medicinenet.com/shingles.htm)

 

Check with your healthcare provider if you need further information or treatment of shingles or chickenpox.

 
 
Thoughtful Thoughts
 
Snow Dogs 
 

Wealth consists not in having great possessions but in having few wants.

 

Esther De Waal

 
 
Driving Hazards
 

Cell StoryFred rushed in and announced loudly, 'I tell you, women drivers are a hazard to traffic.  Driving to work this morning on the freeway, I looked over to my left and there was this woman in a Jaguar doing at least 70 mph with her face up next to her rear view mirror putting on her mascara. I looked away for a couple seconds and then the next thing I knew was she was careering all over my lane. It scared me so badly that I dropped my electric shaver into my coffee, and it spilled all over my mobile phone."

 
 

      Earn 10% Monthly Referral Fees!

 
No Expiration Date!

Cash LeftCash RightMost of Mazon's clients have come to us through referrals of current and former clients.  We rely heavily on word-of-mouth marketing to bring in new clients.  Our monthly referral payment to you is 10% of our monthly factoring fee (determined at the time of client sign-up) and continues for as long as the business remains with Mazon Associates.

Potential clients include start-up businesses, high-growth businesses, undercapitalized businesses with historical operating losses, businesses with tax liens, turnaround situations. Other potential clients could be businesses who have been turned down for a bank loan and/or do not currently meet a bank's credit criteria; have delivered a service or product to other businesses and have invoices that can be independently verified; expresses cash flow problems and have a cash flow need; and/or companies expecting rapid growth.  The potential client can be located in any of the 50 contiguous United States.

Prospects are usually businesses that are manufacturers, distributors and service companies. Traditionally, Mazon has had businesses in the following areas: advertising; apparel, courier/delivery services, environmental service companies; manufacturing; printing; start-up and early stage/growth companies; staffing companies; telecommunications; and transportation.

We do not accept businesses which have a majority of consumer receivables such as retail businesses, progress billings, third party pay medical receivables and certain construction-related businesses.

 


For more information on our referral program, please contact Lisa Mazon at 972-554-6967 ext. 238 or 1-800-442-2740, or by email lisa@mazon.com

(You are not required to be a Mazon client to refer a business and receive a referral fee!)

 
 
Idea BulbIf you liked this issue of Building Bridges, please forward it to a friend.  We invite you to share your newsletter thoughts with us.  If you would like to submit an idea, article or joke for consideration in a future issue of Building Bridges, or just want to tell us how we are doing, please email our creator and editor, Linda Burson, at MazonNewsletter@Mazon.com.
 
Building Bridges carries no paid advertising.  All articles, images and links are for our readers' knowledge and enjoyment only.
 
Mazon Associates, Inc.
600 W. Airport Fwy., Irving, TX 75062
P.O. Box 166858, Irving, TX 75016
Telephone: 972-554-6967     Toll Free: 800-442-2740
Fax: 972-554-0951
Business Hours:  Mon.-Fri. 8:30 a.m. - 5:00 p.m.
Website:  www.Mazon.com