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Dear Valued Client,
We wish everyone a Happy, Healthy, Safe and Prosperous New Year! Tzinberg & Associates, P.C CONGRATULATIONS LESLIE!!!
Leslie and her husband, Nick, welcomed Peyton to 2011 on December 21! Leslie is on maternity leave, plans to be back at her desk in early February! We Are Giving Away an iPad!
Like 2011, this tax season will soon be history. Waiting until the last minute causes more stress for both us and our clients. This year get a head start…and you might win an iPad! All our clients that do the following: 1. Complete a 2011 Web Organizer (or at least complete the questionnaire in the Web Organizer), 2. upload tax documents online, 3. complete the above before March 1, 2012, and 4. accept online delivery (only) of income tax returns, will be entered in a drawing to win an iPad! Less stress AND a cool new toy? Can’t beat that! We want to ensure a smooth, worry-free, and paperless tax season, which is why we encourage our clients to get their documents together early — and to commumicate with us online. If you have questions, please email infor@tzinberg.com, or phone us at (618) 288-8989, (314) 880-0189, or (866) 492-2862. Thank you for your continued support. We look forward to serving you this tax season and throughout the year. Note: The winner of the iPad will be announced at the beginning of May 2012. Did You Know…We Offer Full-Service Payroll?Relieve yourself of payroll administration hassles. By outsourcing your payroll to us, you free yourself to concentrate on growing your business. Imagine not having to process payroll regularly, prepare and file payroll tax forms, and produce W-2 forms—and this is only the tip of the payroll iceberg. Bottom line: Payroll consumes a lot of your time. We can give that time back to you.Read the article »
It’s Tax Time! Are You Ready?If you’re like most taxpayers, you find yourself with an ominous stack of “homework” around TAX TIME! Unfortunately, the job of pulling together the records is never easy, but the effort usually pays off when it comes to the extra tax money you save! When you start early, you’ll have more time to:Read the article »
Are You Liable for a Gift Tax Return?Frequently, taxpayers think that gifts of cash, securities, or other assets they give to other individuals are tax-deductible and, in turn, the gift recipient sometimes thinks income tax must be paid on the gift received. Neither is true. To fully understand the ramifications of gifting, one needs to realize that gift tax laws are related to estate tax laws.Read the article »
Are You Required to File 1099s?If you use independent contractors to perform services for your business and you pay them $600 or more for the year, you are required to issue them a Form 1099 after the end of the year to avoid facing the loss of the deduction for their labor and expenses and to avoid a monetary penalty. The 1099s for 2011 must be provided to the independent contractor no later than January 31, 2012.Read the article »
2012 Standard Mileage Rates AnnouncedThe Internal Revenue Service has issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.Read the article »
IRS extends tax filing deadline to April 17The IRS is giving taxpayers two extra days to work on 2011 income tax returns this year. While Tax Day typically falls on April 15, the IRS announced that it is pushing back this year's filing deadline to Tuesday, April 17. The extension was granted because April 15 falls on a Sunday this year, and Monday is Emancipation Day, a holiday in Washington D.C. that celebrates the freeing of slaves in the district. http://www.irs.gov/newsroom/article/0,,id=251825,00.html?portlet=108 New Credits for Hiring VeteransCongress recently passed legislation that extends and expands the Work Opportunity Credit (WOTC) for hiring unemployed veterans. This effectively gave a one-year lease on life to the WOTC, but only with respect to qualified veterans who begin work for the employer before January 1, 2013. For all other classifications, the credit ended at the close of 2011.Read the article »
Modifying QuickBooks Reports Gives You Better Insight Into Past, Future: Part 1If you make one resolution about improving your accounting procedures in 2012, it should be this: Make extensive use of the tools that QuickBooks offers for report modification. Comprehensive, meticulously-shaped reports that flow out of your carefully-constructed records and transactions are your reward for pounding on the keys every day, conscientiously recording income and expenses.Read the article »
The Tzinberg & Associates, P.C. newsletter is available via e-mail on a free subscription basis. You can subscribe or unsubscribe at any time. For more information about Tzinberg & Associates, P.C., go to http://www.tzinberg.com. This message was sent using ClientWhys Persyst. View our permission marketing policy. Circular 230 Disclosure, United States Treasury regulations effective June 21, 2005 require us to notify you that to the extent of this communication, or any of its attachments, contains or constitutes advice regarding any U.S. Federal tax issue, such advice is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that can be imposed by the Internal Revenue Service.
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Tzinberg & Associates, P.C
Illinois 1 Country Club Executive Park Glen Carbon, IL 62034 618-288-8989 Missouri 231 S Bemiston, Ste 910 Clayton, MO 63105 314-880-0189 Fax: (888) 778-2009 www.tzinberg.com info@tzinberg.com |
