March is Here!

February 27th, 2010

Wow!  Is February already gone?!  It feels like we just got started.  The thing I love most about tax season is seeing my favorite clients.  At the end of a day full of appointments I am exhausted.  Not because it was so hard… But – TRULY – because it was so enjoyable catching up on life and activities.  It’s amazing what people do in a year!

 

Preparing for Your Annual Audit

February 2nd, 2010

It’s that time of year again.  We’ve come to do the audit, and as much preparation as you’ve put into it, it just seems like there is something that was overlooked.  There was the invoice that wasn’t properly approved, or the voided check that got lost.  Maybe it was just that you didn’t remember that a employee left at the beginning of the year, and as a result salary expense is considerably lower than the year before.

Each month I will be discussing a different area of auditing.  I will be commenting on common errors, and ways to detect and correct those errors.  I will also be discussing new standards as they are issued by the American Institute of Certified Public Accountants (AICPA), and how they will affect different business entities.

I encourage you to come back to my blog often, and comments are always welcome and encouraged.  Thank you!!

 

Congress gives itemizers a tax break on help for Haiti earthquake relief

January 22nd, 2010

2010 donations made in Jan. and Feb. can be deducted on 2009 returns if donors prefer. Eligible contributions can be made in cash or by check, credit card or cell phone text message. A copy of the cellular bill showing the donee’s name, the date of the gift and the amount will suffice to substantiate the contribution. Donations must be made to U.S. charities. Nonitemizers won’t benefit from this rule.

 

Welcome

January 22nd, 2010

Welcome to our new website.  We’re excited about it and hope you will be too.  Watch for news articles and other information.  Also, be sure to check out our reading program to see what we are reading.