Thursday, May 30, 2013

Why Bookkeeping Services Are Important For Business

Every business such as small, mid and large generates day to day some financial transaction and if you need to keeping all the financial transaction records include purchase, sales, income, and payment by an individual or organization so, bookkeeping is helpful to keeping all the financial transaction records properly for your business.
With the proper bookkeeper service, business proprietors should be worry-free. Accountants and Bookkeepers will manage the tasks involving to financial transactions including recording income and expenditure, drafting bank reconciliation statements, handling invoices, as well as handling payroll.
When you run a small business, also from home or a small rented office space, one of the things you must do is keep perfect bookkeeping records. If your business not generates proper financial records so, you can get some problem in your business. Therefore bookkeeping is significant if you run your core business smoothly. These records aren't presently for the government's tax information - it lets you know how your business is doing financially. In order to keep the most perfect records likely, the common of individuals will use bookkeeping software instead of paper documents. Now a day many other companies prefer bookkeeping software. Bookkeeping software is really useful to manage each and every financial transaction records accurately and without mistakes.
Advanced Bookkeeping Software Such as:
• QuickBooks
• Peachtree
• Quicken
• MYOB
• IRIS
• EXACT
• NetSuite
• LaCerte
• Sage Line 50
• Property Ware
• Rent Manager
Bookkeeping or keeping the books, as it is more generally identified, is the procedure of maintaining advanced as well as perfect business financial records. In other words bookkeeping can also be definite, as a procedure for monitoring the inflow and outflow of economic funds. Appropriate bookkeeping assists a business to handle its cash flow more efficiently. It also assists when preparation of potential developments for a business.


Article Source: http://EzineArticles.com/4541334

Monday, May 27, 2013

Tax Tips For Selling Your Home



Find out what you need to know tax-wise if you sell your home. For more information, read Publication 523 on IRS.gov.

Friday, May 24, 2013

Tuesday, May 21, 2013

The Benefits of Hiring a Tax Preparation Specialist or Accounting Firm to File Your Tax Return


Getting your taxes prepared professionally isn't cheap, but the benefits can far outweigh the financial cost. Increase your tax season peace of mind-and, possibly, the size of your tax refund-by hiring a tax preparation and resolution expert this year.
With the array of tax preparation software programs on the market, many people are now preparing and filing their own tax returns as a means of saving money. However, there's still something to be said for turning your tax documents over to a professional, especially if you have a complicated return and want to make sure every "i" is dotted and every "t" is crossed. Hiring an expert for your personal accounting needs can ensure that you finish tax season stress-free, having paid out-and gotten back-just the right amount.
Up-to-Date Knowledge
A certified professional tax preparer or accountant in your area will possess not only a thorough knowledge of federal tax laws and requirements, but also an understanding of your particular state tax laws. As an individual, you might have a broad idea of your tax duties, but you may not be aware of certain nuances. Additionally, tax laws can change from year to year, meaning that a process that worked for you last tax season might no longer be valid. Most CPAs and tax preparers attend continuing education courses to stay up to date on any changes to tax policy that will affect their clients, making them able to save you from penalties and fines, and also to maximize your potential refunds.
Efficient Preparation
It may take you hours-even days-to figure out your tax situation on your own, especially if you have multiple sources of income, a complicated family situation, rental properties, income in multiple states, or other less-than-straightforward return scenarios. Meanwhile, a tax preparation expert files returns for multiple clients a day, five days a week, and will be able to quickly make sense of your complex finances. Hiring someone to do your taxes can save you a lot of time, and if you're in an industry where your time is money, those hours are extremely valuable. One note: When you hire a CPA firm or other tax preparation entity, it's helpful to organize your financial files before your appointment. If you've looked through your documents beforehand, you'll be better equipped to answer the accountant's questions as he or she prepares your tax return.
Deduction Maximization
Computer software is not foolproof at finding every possible deduction that's relevant to your particular situation. A tax specialist, on the other hand, can ask you targeted questions that point toward deductions you might have otherwise missed. The same goes for tax credits: you might not even realize you're eligible for something that could make a big difference on your return. Also, professional tax preparation fees can be deducted the following year.
Future Tax Help
If you hire a professional tax preparer, you have someone to turn to who knows your situation if you need tax resolution services in the future. If you find yourself struggling with back taxes and tax penalties, you can call your accountant, tax attorney, or paid preparer for advice and assistance in dealing with the IRS. Tax debt issues can snowball, and not having a trusted tax advisor in such a situation will only hinder your financial future.


Article Source: http://EzineArticles.com/6874650

Saturday, May 18, 2013

Bookkeeping Outsourcing - Small Business Owners Need Peace!


For just any small business owner bookkeeping outsourcing can be a great option. Why? There are many reasons why bookkeeping outsourcing is now considered as a great option for the small businesses. Well, these business owners usually have a limited budget and they cannot appoint staff while paying for their training and monthly salary to manage the accounting and bookkeeping like works. This can be an expensive business for many! So, instead of that now these small business owners in US can outsource bookkeeping services in order to manage their accounts and finances in the best possible manner. Now you can outsource bookkeeping services in order to take better business decisions and to review the past performances of your business. You can also prepare quality budget for your business while taking help of these services. These days, you can find many websites which are offering services like bookkeeping outsourcing. Well, hiring the best one among them can always keep you in the beneficial zone.
First of all you will receive great profits:
Hiring this type of service can always put in a more controlled zone from where you can have better grips on the business cash flow. It can help you in reducing the tax liabilities and can boost the profit level elegantly. In this way, a small business owner will be able to manage the business controls successfully. For every small business owner, taking the right decision is always important. And when you can looking for this, bookkeeping outsourcing service can help you in many ways.
Reducing the tax liabilities:
Simply by going for bookkeeping outsourcing, you can rely more on the knowledge, expertise and experience that is always used by the bookkeeping consultant. These professionals can use their knowledge and experience to take your business to the next level simply by managing the accounts and finances in the best possible manner. This will generate the faith for a business owner that he has an experienced and knowledgeable professional by his side who can handle all these accounting and bookkeeping tasks in the most successful manner.
This is a sure sort advantage for just any small business and can help in reducing the tax liabilities for the business. Hiring such service will ensure that accounting and bookkeeping like works are done perfectly. In this way, you can also avoid any sorts of penalties that may be implemented for the late lodgment as well as improper data.
Bookkeeping outsourcing can bring peace:
Most of the small business owners are exerted with great tensions, duties and activities. This may sometime feel clumsy about your life. If you wish to have peace in life while accomplishing your business related works elegantly, then you should opt for bookkeeping outsourcing. Hiring a quality bookkeeper can offer you the peace that you are looking for a long time. This will ensure that business processes are remaining up-to-date, there is a quality reporting system established, the cash flow is managed properly and the invoices are paid on time.


Article Source: http://EzineArticles.com/7540366

Wednesday, May 15, 2013

Sunday, May 12, 2013

Find out how to decide.....


Find out how to decide whether you should take the standard deduction or itemize your deductions. For even more information, go to www.IRS.gov.

Friday, May 10, 2013

Please Join Us Tonight At 6pm For A Celebration of Life For Rudy Ramirez




Rudy Ramirez
September 24, 1926 - April 21, 2013
Rudy Ramirez, 86, of Benicia passed away unexpectedly Sunday in a local hospital.

 He was born just outside San Antonio in Hutto, Texas and lived in Walnut Creek for almost 50 years before moving to Benicia in 2010.

Rudy served in World War II as a member of the United States Army. He was an energetic guy, and inspiration to all, fluent in both English and Spanish and an avid hiker, primarily with the Walnut Creek Seniors.

He worked as a machinist for close to forty years and for the past 21 years, Rudy has been a "Tax Angel" with his daughters at ATS Tax & Financial Solutions.

Rudy is survived by Emma, his wife of 62 years, daughters Sylvia Barata & Nancy (David) Henderson, grandchildren Brandi, Russell, Sean & Chad, and his great grandchildren Dominic and Laylah and his brothers Emilio and Robert Ramirez.

A Celebration of Life with Military Honors will be held 6:00 p.m., Friday, May 10th at the Benicia Veterans Building, 1150 First Street, Benicia.
 Please visit the online tribute at www.passalacquafuneralchapel.com. or email his daughter Nancy at nancy@taxangels.com for more information. 

Any donations in Rudys memory can be made to the Benicia Veterans Memorial Hall or The Walking Buddies Walnut Creek Seniors Club at 1375 Civic Drive, Walnut Creek, 94596, or directly to the Ramirez family.
Passalacqua Funeral Chapel, 707-552-6696

Wednesday, May 8, 2013

A Celebration of Life



Rudy Ramirez
September 24, 1926 - April 21, 2013
Rudy Ramirez, 86, of Benicia passed away unexpectedly Sunday in a local hospital.

 He was born just outside San Antonio in Hutto, Texas and lived in Walnut Creek for almost 50 years before moving to Benicia in 2010.

Rudy served in World War II as a member of the United States Army. He was an energetic guy, and inspiration to all, fluent in both English and Spanish and an avid hiker, primarily with the Walnut Creek Seniors.

He worked as a machinist for close to forty years and for the past 21 years, Rudy has been a "Tax Angel" with his daughters at ATS Tax & Financial Solutions.

Rudy is survived by Emma, his wife of 62 years, daughters Sylvia Barata & Nancy (David) Henderson, grandchildren Brandi, Russell, Sean & Chad, and his great grandchildren Dominic and Laylah and his brothers Emilio and Robert Ramirez.

A Celebration of Life with Military Honors will be held 6:00 p.m., Friday, May 10th at the Benicia Veterans Building, 1150 First Street, Benicia.
 Please visit the online tribute at www.passalacquafuneralchapel.com. or email his daughter Nancy at nancy@taxangels.com for more information. 

Any donations in Rudys memory can be made to the Benicia Veterans Memorial Hall or The Walking Buddies Walnut Creek Seniors Club at 1375 Civic Drive, Walnut Creek, 94596, or directly to the Ramirez family.
Passalacqua Funeral Chapel, 707-552-6696

Sunday, May 5, 2013

How Long Do I Have to Worry About an IRS Tax Audit?


Generally, your tax return cannot be audited after three years from its original filing date. If you filed before the due date, April 15, the three years starts running from April 15 of the year it was due.
There are a few exceptions to the three year rule, however:
o If you understated your income by 25% or more on your tax return, the audit deadline is extended to six years.
o If you file a fraudulent return, there is no time limit on an audit. Tax fraud is conduct meant to deceive the IRS, such as using a false Social Security number. A really big mistake, if done negligently, not intentionally, isn't fraud. The burden of proving fraud is always on the IRS. And the IRS seldom audits returns after three years even if fraud is evident.
o The audit time limit period, called a statute of limitations, starts to run only if and when you file a tax return. Nonfiled tax years are always open to audit. If, however, you haven't filed and haven't heard from the IRS within six years of the due date of a tax return, you have probably escaped the audit net.
Audit notices are usually mailed between 12 and 18 months after you file your return. Generally, if you haven't heard from the IRS within 18 months, you won't be audited. IRS audit notices are sent by first class mail and never by email or telephone contact.
The Internal Revenue Manual directs auditors to complete audits within 28 months after you file your tax return. Legally, the IRS has 36 months. The 28-month internal deadline is imposed, however, to allow eight additional months for the IRS to process any appeal you might request. These internal IRS time limits usually work to your benefit. Audit cases are often delayed within the IRS for various reasons-backlogs, agent transfers, postponements, complex issues, and lost files. The older your file gets, the more anxious the IRS is to close it. Auditors can be fired for missing the 36-month deadline, known as blowing the statute, but it still happens.


Article Source: http://EzineArticles.com/2058372

Thursday, May 2, 2013

Rudy Ramirez September 24, 1926 - April 21, 2013



Rudy Ramirez
September 24, 1926 - April 21, 2013
Rudy Ramirez, 86, of Benicia passed away unexpectedly Sunday in a local hospital.

 He was born just outside San Antonio in Hutto, Texas and lived in Walnut Creek for almost 50 years before moving to Benicia in 2010.

Rudy served in World War II as a member of the United States Army. He was an energetic guy, and inspiration to all, fluent in both English and Spanish and an avid hiker, primarily with the Walnut Creek Seniors.

He worked as a machinist for close to forty years and for the past 21 years, Rudy has been a "Tax Angel" with his daughters at ATS Tax & Financial Solutions.

Rudy is survived by Emma, his wife of 62 years, daughters Sylvia Barata & Nancy (David) Henderson, grandchildren Brandi, Russell, Sean & Chad, and his great grandchildren Dominic and Laylah and his brothers Emilio and Robert Ramirez.

A Celebration of Life with Military Honors will be held 6:00 p.m., Friday, May 10th at the Benicia Veterans Building, 1150 First Street, Benicia.
 Please visit the online tribute at www.passalacquafuneralchapel.com. or email his daughter Nancy at nancy@taxangels.com for more information. 

Any donations in Rudys memory can be made to the Benicia Veterans Memorial Hall or The Walking Buddies Walnut Creek Seniors Club at 1375 Civic Drive, Walnut Creek, 94596, or directly to the Ramirez family.
Passalacqua Funeral Chapel, 707-552-6696