The Flanders Hotel Summer Specials

first_imgSplash Into Summer With Us!The summer season is officially upon us here at The Flanders Hotel, and our summer specials are here too!Tuesday’s: Prime Rib NightServed in Emily’s Ocean Room, just $24.95++ per person. Enjoy a 12 Oz Certified Angus Prime Rib served with a fresh garden salad, baked potato, and fresh asparagus. Served every Tuesday in July and August beginning July 4th!Wednesday’s: Family NightBuffet style dinner, with interactive dessert stations, craft stations, storytelling, face painting and more! Appearances by Flanders Finn, and Ocean City’s Famous Sammy the Monkey. Just $24.95 for adults and $14.95 for children 12 and under.Friday’s: Steak and Seafood NightEnjoy three choices of seafood and three choices of steak served with salad, potato, vegetable, and roll. Served in Emily’s Ocean Room every Friday Night throughout July and August.Do not forget about High Tea Every Thursday In June, July, and August at 2 pm and the Last Sunday of Each month. High tea is also available year round.Shoppes at The Flanders is open every day from 10am-5pmThe Coffee Express is Open Daily at 7 am enjoy hot or iced coffee, fresh pastries, tea, smoothies and more!For more information or reservation for any event please call us at 609-399-1000last_img read more

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Buying a new property is about to cost more, this is why

first_imgBuyers of new properties may be hit with higher conveyancing costs.CONVEYANCING costs are about to become more expensive for those who decide to purchase a new home in Queensland.Under new federal laws buyers of new properties would now have to ensure that the GST owed (on the property purchased) by the developer of the project, was paid to the Australian Taxation Office.The Queensland Law Society has already alerted its members about the changes, which came into effect on July 1, and warns it means higher conveyancing costs for buyers.Real Estate Institute of Queensland CEO Antonia Mercorella said once again the ATO was farming out its responsibilities for tax collection.“It’s the everyday person in the street who bears the brunt of this legislation, which is largely a measure targeting developers,’’ she said.REIQ CEO Antonia Mercorella is concerned that buyers will end up spending more on conveyancing.“It adds a level of red tape to the property transaction and the buyers will be faced with additional conveyancing procedures, which, of course, means additional costs.’’Queensland Law Society Property Law committee Chair, Matt Raven, said the situation came about because the ATO was concerned it had been missing out on GST revenue it was owed by developers.“Some developers in the past have completed developments, settled the sales of all their apartments, disposed of all the money or paid it back to the bank and what have you, and then wound the company up without doing their final GST returns,’’ he said.“That is called phoenixing, the company disappears in a puff of smoke with all these debts owing.’’“So the gist of the new law is that now effectively the GST or an estimate of the GST has got to be collected and accounted to the ATO on settlement on each sale. So the way they have done that is they have put the obligation on the buyer to withhold a proportion of the purchase price.“So the buyer has to basically not pay that proportion to the seller at settlement and have to account to the ATO for it.’’Queensland Law Society president Ken Taylor said the move was effectively making solicitors tax collectors.Queensland Law Society president Ken Taylor was concerned it had added another step to conveyancing and said buyers would be the ones who had to pay for this extra work.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus17 hours agoMr Taylor said the move was effectively making solicitors tax collectors.Residential contracts will now have an additional step added to them in relation to the GST and Mr Taylor said solicitors acting for buyers would have to assess whether a client must withhold GST and make a payment to the ATO.The process also involved completing two online forms which had to be lodged with the ATO.These extra steps would add to the time it took to do property conveyancing and therefore there would be additional costs, Mr Taylor said.While the organisation made submissions on the legislation and raised concerns about it Mr Taylor said it had still proceeded.“It is disappointing that we have seen multiple additional administrative duties added to our profession over recent years by both the State and Federal Governments,’’ he said.The new legislation does not apply to existing properties.Ms Mercorella said the REIQ had received significant feedback from members that the changes had not been clearly explained by the ATO.EVERYTHING YOU NEED TO KNOW ABOUT JULY 1 PROPERTY CHANGES“We have produced extensive materials on the issue to educate our membership, including video content, in-room sessions and written material. There has been minimal education rolled out by the ATO, and yet again industry gets left to do the educating. It’s not a real estate agent’s role to give tax advice and yet consumers often expect the agents to be experts on all matters relating to property sale,’’ she said.Ms Mercorella said this was another impost put on the industry.“This GST-withholding legislation follows similar legislative changes in the foreign-buyer space where the ATO has made the assumption that buyers of property valued at $750,000 or more are foreign and required to pay capital gains tax, unless they could produce a clearance certificate to attest otherwise,’’ she said.“With that particular legislation, the threshold started at $2 million and then made a significant leap to the $750,000 threshold which means it has gone from affecting a small group to almost affecting the majority of property transactions. Where will it end?’’last_img read more

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Ghana in touch with China for development of football – Ambassador to China reveals

first_imgGhana’s Ambassador to China, Edward Boateng has stated that he is in contact with the Ghana Football Association (GFA) to help secure developmental projects for the improvement of the game in the country.China as an economic powerhouse has been involved in a number of development of football infrastructure across the globe with a significant number of European clubs benefiting from it.In Ghana, a number of investments have been made by the Chinese as well including the building of the Cape Coast Stadium.In an interview with ETV Sports, the Ghanaian Ambassador revealed that there were plans for Ghana to host a friendly game with China.“We have started work on it. The last time I was in Ghana I met the new President Kurt Okraku whom I know very well and his team, and we’ve discussed some of these issues.“One of the events we had planned earlier for the 60th anniversary was a proposed soccer match between one of the Chinese Premier teams or the national team and a team or our national team in Ghana,” he added.“We were going to have one match in Ghana and one match in China. Unfortunately it had to be cancelled because of COVID-19. So these were some of the things we were looking at.His Excellency Edward Boateng also revealed his office is aware of the number of players who ply their trade in China and he is in touch with them as well.“We do have a few Ghanaian players in the Chinese league, unfortunately we don’t have our A’ stars here but if you know Asamoah Gyan came to play in China. I’ve met a few of the players”.last_img read more

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