Piazza Nuova Lodge installs new Administrative Council

On April 4th the Piazza Nuova Lodge held its monthly dinner meeting and installed its new executive board for the next two years. The outgoing officers were thanked for their many hours of service and dedication to the Lodge.

The installation ceremony was performed by Immediate Past President Joseph Marino acting as State Deputy and member Joseph Ridgway acting as Herald.

The new elected board consists of President John Oliano, Vice President Michael Pisano, Orator Henry Marzullo, Recording Secretary Barbara Scherer, Corresponding Secretary Joanne Russo, Financial Secretary Barbara Zanolini, Treasurer Joseph Tripoli, Historian Edie Pellegrino, Guard Richard DeLuca, Master of Ceremonies, Pasquale Landolfi, and Mistress of Ceremonies Gina Oliano.

The new Trustees to the board are Frank Cocuzza, Edward George, Carmela Linsalata, Mary Ridgway, Carmela Verderame, and Mario Verzilli.

Lodge members enjoyed a buffet dinner, and desserts for the evening were provided by Lodge members, Celeste Amadio, Grace Franco, Carmela Linsalata, Mary Ridgway and Barbara Scherer.

A business meeting followed dinner. Following the business meeting the slate of new officers and trustees where sworn in for the period April 1st, 2013 through March 31, 2015.

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Spring cleaning and contractors

submitted by Edward Johnson, president and CEO of the Better Business Bureau serving northeastern and eastern Pennsylvania

As sure as the daffodils, tulips and other bright flowers note the arrival of spring, so too does the emergence of swindlers.

With warmer weather consumers often find themselves with a list of things around their houses that require mending, replacing or repairing.  While reputable contracting companies are generally the rule and not the exception, consumers need to be on the lookout for repair offers that are too good to be true.

Senior citizens especially must be vigilant as the unsolicited door-to-door offers to repair your roof, paint your house, reseal or pave your driveway come knocking this time of year.

In 2012 the home repair industry was the single most-inquired-about industry at the Better Business Bureau (BBB). It was also the second-most-complained about.

The BBB advises homeowners to take the time to choose a contractor you can trust. When looking to hire a contractor for your roof, house or driveway, the BBB recommends the following tips:

Watch out for red flags. Recognize the signs of a potential problem.  Did someone come to your door, unsolicited, and tell you about a problem they noticed with your roof, gutters, siding or driveway? Are they telling you they have left over materials from another nearby job?  Are they offering unbelievably low prices? Will they only accept cash?  Is it a now or never offer? Are they promising an unconditional guarantee or 100% satisfaction? Do you feel pressured to make a decision? If so, don’t feel pressured to enter into a contract immediately. 

Check references. Ask for local references and verify that the contractor is in compliance with all licensing, bonding and insurance requirements. Always check out a contractor at www.mybbb.org before doing business with them. You may also want to make sure that the contracting company is a member of an industry trade association such as the National Association of the Remodeling Industry, the National Asphalt Pavement Association or if they are BBB Accredited.

Get more than one bid. Get two or three bids and make certain that the bids are apples to apples. The bids should be based on the same building specifications, materials, labor and time needed for completion. Discuss the bid in detail to make certain you understand the scope of the project.  You should also verify insurance and coverage for claims against workers’ compensation, property damage and personal liability in the event of accidents. Also, be mindful that the bid you accept should not be based on price alone. Good customer service, reliability and workmanship are equally as important.

Get it in writing. Make certain you understand the terms and conditions. Any verbal promises should be in writing and the contract should at a minimum specify the work to be done, materials to be used, start and completion dates, payment schedules, guarantees, debris removal and your right to cancel. Never sign a partial or blank contract.  If the project involves subcontractors you should have a release-of-lien clause added which provides some protection to you in the event your contractor fails to pay the subcontractors. If a warranty is provided, it too should be in writing and must state whether it is a full or limited warranty. The contract should also state that the work will be performed in accordance with applicable building codes and that required permits or inspections are the responsibility of the contractor. 

Know your rights. If you hire a contractor, pay by check or credit card when the work is completed to your satisfaction. If you are dealing with a traveling contractor, be extra cautious and make sure to ask for identification and note the license plate number on the contractor’s vehicle. If you get “buyer’s remorse,” you may be able to change your mind after the contract is signed. The Federal Trade Commission and many states have a “three-day cooling off rule” for in-home purchases.

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Everyone can’t be an expert at everything

submitted by Michael Garry, CFP®, JD/MBA, Yardley Wealth Management, LLC

If you want to do financial planning right, find an independent CERTIFIED FINANCIAL PLANNER™ professional. Everyone who has subject matter expertise knows pretty quickly when speaking to someone about their subject, whether the other person knows what they are talking about.

I run into some people who have a very good understanding of financial planning and investing. Unfortunately, some of the people that I have met that do their own financial planning and investing have scared me with their recklessness, and it’s usually based on overconfidence in their abilities. Amazingly, the most overconfident people seem to think that they know what to do and that no one else does!

Many of the popular books for consumers tend to oversimplify things and make it seem as if anyone can read a 200-page book and then handle all of their financial planning and investment needs. In some ways, the books do a service when they tell you to avoid the big Wall Street firms.

Unfortunately, the real solution is not to try to handle it on your own, but to find an independent financial adviser who will act in a fiduciary capacity to you.

A problem with using books for subject matter advice for your financial planning and investment needs is that the authors don’t know your situation, and therefore cannot tailor their advice to your needs. Even if they could, there is just too much to put into one book.

The course work to become a CERTIFIED FINANCIAL PLANNER™ professional is thousands of pages long. How can you read 200 pages and be expected to handle everything on your own?

You need someone who can put it all together for you and that is where your independent financial planner comes in.

Find one at www.letsmakeaplan.org

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The real estate market is heating up…

submitted by Kathleen Layton, Prudential Fox & Roach, Realtors – Newtown Office

 … and we’re expecting the healthiest spring season since 2007.

Freddie Mac is projecting an increase in sales of 8-10 percent compared to 2012. Nationwide, we’ve seen 20 consecutive months of sales increases over the previous year, and prices have increased for 12 months in a row.

In the Philadelphia region, sales are up 26% January 2013 vs. January 2011, and inventory levels are down 22%. Things are no different here in Bucks County – we’re experiencing a marked change in the pace of the market so far this spring.

The number of houses selling is up, prices are up, inventory levels are down and the shift from a buyers market to one more equally distributed has already occurred in most price ranges. Properties that are priced right and in good condition are selling at a rapid pace, often in a matter of days and some with multiple offers.

A word of caution here, lest you think we’re back to the days of old, when you could ask whatever you wanted and some desperate buyer would actually pay it. Those days are gone, thanks to cautious appraisers and loan underwriters who work under strict guidelines to prevent lenders from getting burned again.

Buyers too are skittish – everyone knows someone who overpaid for a home that is now in foreclosure or a short sale and they don’t want to find themselves in the same position.

If you’ve been thinking of selling your home you could be pleasantly surprised. If you’re thinking of selling your home and buying a new one, the timing will never be better.

And if you’re thinking of becoming a homeowner again or for the first time, this fabulous window of opportunity that’s been open for the past few years may be slowly closing – did you know that a 1% increase in interest rates can cut your buying power by 10%?

No matter how you look at it – if you’ve got real estate on your mind, now is the time to act on it!

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Water damage and the homeowners policy

submitted by Howard Nenner, Washington Crossing Insurance

An area of concern and confusion for homeowners often arises when there is a water loss in the home. Water losses can happen for a variety of reasons and depending on how the loss happens it might or might not be a covered event in your policy.

The first thing to remember is in order for insurance to respond to any loss the loss must be from a sudden and accidental event. For example, property damaged from a water leak from a pipe, or from an appliance like a washer, refrigerator, or a dishwasher, or a bathtub/shower, is usually covered under the homeowner’s policy, if the loss was sudden and accidental.

The repair to the pipe or appliance itself is not covered by the homeowner’s policy, only the resulting damage to your property and your contents.

Water getting into the house from damage to the roof, windows, doors, walls is covered too.

Again, something other than a lack of maintenance or wear and tear must have caused the loss such as high winds or storms which damaged the property and allowed the water in.

One additional coverage that isn’t always included, but usually can be added, is water loss due to the backup of a sewer and drain. This is where coverage is found, up to a separate limit which you specify, for a sump pump failure even if it fails due to a loss of electricity.

Repairs to outside sewer pipes that break or become clogged aren’t covered in the homeowner’s policy but resulting damage inside the house would be under the sewer and drain coverage.

Water that just seeps into the house from hydrostatic pressure or from poor outside drainage isn’t covered in the homeowners form. That coverage “might” be afforded in a flood policy but that depends on a number of factors as determined in the flood policy’s language.

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Baci Restaurant: Fresh Italian cuisine in a comfortable family setting

baci-profile_0

 

by June Portnoy 

Baci Restaurant in Buckingham is a family owned and operated establishment that offers a great selection of authentic Italian cuisine for lunch and dinner that will please every member of your family. Husband and wife, Dave and Ziz Husenaj, established Baci 15 years ago at its current location, which dates back to the early 1700s.

Dave, born in Siena, Italy and raised in France, trained Baci’s chef to cook many of his special creations, including a large variety of classic Northern Italian dishes with a French flair.

“Everything is made completely fresh no matter how busy we are,” says Sarand Husenaj, Baci’s manager and daughter of Dave and Ziz. “Our customers tell us you can actually taste the freshness in our food.”  

Baci will customize your order, so you can create your own meal.  “If we have the ingredients, we will prepare it for you,” says Sarand.

A signature item on the menu is the Costoletta Ripiena, a double cut veal chop stuffed with prosciutto and cheese in a wine sauce and mushrooms. Dave created and placed this recipe on his first menu, and it continues to be a favorite among today’s customers.

Enjoy live piano music Friday and Saturday nights, consisting of all types of tunes from classical and Broadway to popular music.

While Dave was busy upstairs overseeing Baci’s dining room, Ziz, born and raised in England, was downstairs, teaching her staff how to create classic English dishes. One of the many favorites at the pub is the English trifle.

Although Ziz recently passed away, her legacy lives on through her influence at The Heart of Oak Pub. Order from the dining room menu at the pub or from its own unique menu.

Sarand is in the process of revising the pub’s lunch menu, which will include such favorites as burgers, paninis and a variety of sandwiches. This new menu will soon be available.

Enjoy live music and bands at the pub Saturday nights from 7:00pm until midnight or later! Dave and Ziz’s son, Tony, now runs the pub, while his cousins wait on tables or bartend.

“Our family enjoy meeting and visiting with your family,” says Sarand, who compares the pub’s atmosphere to the popular former TV show, “Cheers,” where “everyone knows your name.”

“We strive to create a warm, welcoming family feeling where people want to continue coming back.”

The décor and authenticity of the building create a cozy atmosphere. Baci’s stone walls, spiral staircase, as well as its dining room’s original wood beam ceiling and fireplace are all original.

Baci offers on-site catering for all occasions. Its main dining room accommodates 50 to 80 people, and is ideal for banquets and intimate affairs.

In addition, it’s back room has been renovated to seat up to 50 people; a great venue for private parties.

Baci also offers off-site catering. Order a tray here for your next special event.

Baci is currently offering area businesses a 10% discount off of meals or catering.

Regardless of your reason for coming to Baci Restaurant, you’re sure to have a memorable experience in a comfortable atmosphere with good food and good company served by a personable staff.

For more information about Baci, located at 2559 Bogarts Tavern Road in Buckingham (minutes away from Doylestown and Peddler’s Village), or to make a reservation, call 215-794-7784. 

Visit www.italianrestaurantbuckinghampa.com for updated information on upcoming events, wine tastings, promotions, Happy Hours and lunch specials.

Hours are Mondays from 4:00pm until 2:00am, and Tuesdays through Saturdays from 11:30am until 2:00am at both the dining room and pub.

PHOTO CAP: Husband and wife, Dave and Ziz Husenaj, established Baci 15 years ago at its current location. Ziz recently passed away.

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James Taylor Agency, Inc. – Providing personal service for all your insurance needs

James Taylor Profile by June Portnoy

Nobody wants to incur the cost of insurance, but you make this necessary purchase to protect your assets in case a problem occurs. What’s frustrating is when you buy your policy from a salesperson who you never see again after the transaction.

As a result, if and when you do have a claim, you’re often interacting with someone you have never met before.

“I have a completely different business model from many other insurance brokers,” says James Taylor, principal agent of James Taylor Agency, Inc. “I sell and service my policies, so you’re dealing with me for all your insurance needs.”

James takes his time reviewing all your options to ensure you understand what is included and excluded from your policy. 

“This is not a numbers game to me and it’s not about sales,” says James. “I want my clients to select the best coverage.

“I’m not the biggest company around, but I’m not trying to be. I’d rather run a smaller business so I’m accessible to my clients.”

To James, the sale is just the beginning of his job, not the end. He has a higher retention rate than the industry average, and he strongly believes it’s because of how he conducts his business.

He is available to his clients via email and cell phone number on a daily basis to answer any questions.

“I feel strongly that if someone buys insurance from me, I should be there for them if they have a claim,” says James.

If you call James, he is the one you will talk to or return your call, so you are always dealing with the same person.

The James Taylor Agency offers auto, home, life, business and renters insurance policies. As an independent agent, he can sell policies from a variety of insurance companies. For example, he sells Progressive, Foremost (the market leader for mobile home insurance) and Fidelity (the industry’s largest provider of flood insurance through the independent agency system).

However, he primarily sells Erie Insurance, and considers himself a preferred Erie Insurance agent.

James had the unique experience of working at Erie for five years prior to establishing his agency. Therefore his background is in handling the multiline claims he sells today.

“I had firsthand experience working for this insurance agency, so I have inside knowledge about their products and what they cover. 

James chose to sell Erie Insurance because of how impressed he was with their products while working for them.

“Erie is highly rated financially and their best rates are virtually always better than other insurance companies,” he says.

According to James, Erie will give you the best rate in the industry if you have a clean driving rating, meaning no tickets or accidents in the past three years. Likewise, Erie offers the best homeowner’s rates if you have above average credit and few claims.

Erie specializes in insuring contractors with a few employees on staff, such as landscapers. It offers a package deal for liability and auto insurance plus workers’ compensation.

James offers free consultations. He has flexible hours to accommodate your busy schedule and can meet you in his office or at your home.

To schedule your appointment, call him at 215-862-2779, email him at taylormadeinsure@aol.com, or visit www.taylormadeinsurance.net for more information.

The James Taylor Agency is located at 5 Village Row, Logan Square in New Hope.

PHOTO CAP: James Taylor, principal agent of James Taylor Agency, Inc.

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Doing 2012 tax returns, and now talking about 2013?

submitted by Martin H. Abo, CPA/ABV/CVA/CFF, Abo and Company, LLC

In general, estimated taxes must be paid on income which is not subject to withholding, including taxable income from self-employment, interest, dividends, alimony, gambling winnings, unemployment compensation, social security, rent, and gains from the sale of assets.

You also may have to pay estimates if the amount of tax being withheld from your salary, Social Security, pension or other income is not enough. Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on your personal tax return.

If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty.

You may be charged a penalty even if you are due a refund when you file your return. Here are tips even the IRS agrees are worth considering about estimated taxes and how to pay them:

  1. As a general rule, you must pay estimated taxes if 1) You expect to owe at least $1,000 in tax after subtracting your tax withholding (if you have any) and credits, and 2) You expect your withholding and credits to be less than the smaller of 90% of your 2013 taxes or 100% of the tax on your 2012 return.
  2. For Sole Proprietors, LLC Members, Partners and S Corporation shareholders, you generally have to make estimated tax payments if you expect to owe $1,000 or more in tax when you file your return.
  3. To figure your estimated tax, include your expected gross income, taxable income, taxes, deductions and credits for the year. Consider changes in your situation and recent tax law changes.
  4. The year is divided into four payment periods, or due dates, for estimated tax purposes. Those dates generally are April 15th, June 15th (17th in 2013), September 15th (16th in 2013) and January 15th.
  5. The 0.9% new Additional Medicare Tax applies to Medicare wages and self-employment income over threshold amounts. You may need to include this amount when figuring your estimated tax.
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What are catch-up contributions?

submitted by Rosemary G. Caligiuri, CASL™, President, Harvest Group Financial Services

If you are 50 or older, or you will reach age 50 by the end of the year, you may be able to make contributions to your IRA or employer-sponsored retirement plan above the normal contribution limit. Catch-up contributions are designed to help you make up any retirement savings shortfall by bumping up the amount you can save in the years leading up to retirement.

Catch-up contributions can be made to traditional and Roth IRAs, as well as to 401(k) plans and certain other employer-sponsored retirement plans. But if you participate in an employer-sponsored retirement plan, check plan rules–not all plans allow catch-up contributions.

How much can you contribute as a catch-up contribution? It depends on the type of retirement plan you have and the tax year for which you are making the contribution.

Contribution limits for tax years 2012 and 2013:

401(k), 403(b), governmental 457(b) plans:*

  • $17,500 regular annual contribution limit for 2013 ($17,000 for 2012) and $5,500 catch-up contribution limit.

SIMPLE plans:

  • $12,000 regular annual contribution limit for 2013 ($11,500 for 2012) and $2,500 catch-up contribution limit.

Traditional and Roth IRAs:

  • $5,500 regular annual contribution limit for 2013 ($5,000 for 2012) and $1,000 catch-up contribution limit.

*403(b) and 457(b) plans also have special catch-up rules that may apply.

Registered representative offering securities and advisory services through Centaurus Financial Inc, a Registered Investment Advisor, Member FINRA & SIPC, Supervisory Branch: 3902 State Street, Suite 101, Santa Barbara, CA 93105,1-888-569-1982, Harvest Group Financial Services, Corp and Centaurus Financial, Inc Are Not Affiliated Companies. 

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Bucks County Bank: Local bank, local lender

BC BANK PROFILE

 

by June Portnoy

Surely you’ve heard or used the phrase, “Buy Local,” in a show of support for your community. But how about “Bank Local?”

Bucks County Bank is owned and operated by people in your community who have face-to-face relationships with their customers and understand local needs. Being locally operated, Bucks County Bank offers personalized service with a wide range of products.

Bucks County Bank’s Residential Mortgage Division in Doylestown offers fixed and adjustable mortgages, as well as conventional, jumbo and government loans (Federal Housing Administration, Veteran Affairs and United States Department of Agriculture). Bucks County Bank Residential Mortgage Originators keep flexible hours and are available at your convenience.  

“We offer very personalized, one-on-one attention to our clients, and we know that not everyone has an opportunity to meet during normal business hours,” said Chris Carter, Senior Vice President of Bucks County Bank’s Residential Mortgage Division.

The Residential Mortgage Division staffs seasoned professionals who all reside in Bucks County. All members of the management staff within the Division received industry peer awards in 2012, illustrating the dedication and experience of the overall department. 

“We know our customers by name, understand their business, and are familiar with their local challenges,” said Chris. “We see our customers out in the community, at restaurants, at school events and at area grocery stores – these people are our neighbors, colleagues, associates… we take these relationships seriously. 

“Whether they’re a first-time home buyer fresh out of school or an experienced borrower looking to purchase a new home or refinance a current mortgage, we can help.”

The Residential Mortgage Division has access to multiple products and programs, all aggressively priced. Included in those programs are purchase and refinance options for owner-occupied homes, vacation homes and investment properties. 

“We look for the best opportunities so we can extend a number of options to our clients,” said Chris.

With interest rates still historically low, now is the ideal time to buy a new home or refinance an existing home.

To get in touch with Bucks County Bank’s Residential Mortgage Division, located at 16 N. Franklin Street, Suite 115, call 215-589-6970.

Bucks County Bank also offers comprehensive financial products to businesses, professionals and individuals. They are a Preferred Lender for the SBA (Small Business Administration), giving them the ability to streamline the commercial lending process.

Bucks County Bank is headquartered in Doylestown at 200 S. Main Street and has banking offices in Doylestown, Warminster, Levittown and Bensalem.

Member FDIC, 215-230-7533, www.buckscountybank.net.

PHOTO CAP: From left, Eric Goldberg, Bob O’Hara, John Garrity, Chris Carter, Joe Nelson and Jim Trauger of Bucks County Bank.

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