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Current Newsletter & Archives
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Seacoast Accountability Newsletter February 2012
Welcome to our monthly newsletter with tips and information for your business.
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QuickBooks and Bookkeeping News
Did you know that QuickBooks has a year end checklist and guide, right in the software? Open your company file, login, and select Help. Click on the Search tab and type in Year End Guide. You will see the selection for QuickBooks Year End Guide. It will provide you with a year end checklist to get your QuickBooks file in final shape for your tax preparer. You are able to check off the items, as you complete them. This will probably save you loads of time and money by streamlining the tax preparation process.
This is a great article about the importance of Setting a Closing Date. To keep your financial information in line with what was reported for taxes, this important step does not prevent you from making adjustments to prior periods, but helps to keep your financial information intact in a prior period, eliminates accidental changes to the prior period, and serves as a reminder that you may want to handle any changes through a current period adjustment.
Seacoast Accountability will soon be offering affordable QuickBooks classes! Email us at info@SeacoastAccountability.com, or call us at (603) 834-1271, for further details.
Save up to 35% on QuickBooks 2012 software and products when you purchase from our website at www.SeacoastAccountability.com.
Payroll and Employee News
Stay tuned to see if the 2% reduction in employee Social Security tax is extended beyond the end of this month. The Payroll Tax Cutis set to expire 2/29/12.This IRS Withholding Calculator can help employees determine what changes need to be made to avoid having too much, or too little, withheld from their pay. If you owed taxes, or need more money coming into the house each payday, check it out.
Avoid the headaches-Seacoast Accountability payroll services start at $100 per month.
Taxes
The IRS has Extended the 2012 Filing Deadline to April 17th, in observation of Emancipation Day in Washington, D.C. This article gives detailed information about the extended deadline, E-Filing information, and links to resources that can help address any tax questions that you may have with filing your return.
Although you may have a bad year, and think you may below the threshold for filing a tax return, the IRS has posted a good article explaining some of the refundable credits and other money you may be leaving on the table unless you File Your Tax Return.
There are currently 132 Expiring Tax Provisions in the tax code that the Senate is examining for extension or elimination.
Is your tax return getting too complicated to do yourself? Give us a call!
Small Business News
The recent Webinar, Small Business Tax Compliance Priorities for 2012, is now available on the IRS Video Portal.
As we begin the new year, now is a good time to take a good, hard look at what is right and what is wrong with your business. As this article suggests, there are 10 Key Common Denominatorsthat small business owners should look at, on a regular basis.
Seacoast Accountability is looking for professionals who would like to have a link on the resource page of our website.
Disclaimer: This post is intended to provide general information about the subjects posted. It should no way be construed as tax or financial advisement. We do not endorse any website or product introduced here. Please contact Seacoast Accountability, a CPA, or a tax professional to discuss your particular tax or financial situation.
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Seacoast Accountability
2 Washington Street
Picker Building,
Suite #301-302
Dover, NH 03820
603-834-1271
http://www.seacoastaccountability.com/