sandraclaytorcpa.com

Next Quickbooks Class – November 15th 2011

angelabailey — Thu, 20 Oct 2011 12:55:58 +0000

The next QuickBooks training class is set for November 15th 2011. The class will be held at 10am. The cost is $100 for two people per company. This is a basic lecture class taught using the Quickbooks program. The class is approximately two hours.

Contact Angela at abailey@sandraclaytorcpa.com or call the office 804-748-9135.

Would you like to Join our Cloud?

angelabailey — Fri, 16 Sep 2011 15:46:55 +0000

We are already thinking about next year and how we can better serve our clients. We have a new service ShareFile. Have you heard about the Cloud? Sharefile is our Cloud;it is a way that we can have files available to our clients such as Income Tax returns and Payroll reports. You can download to your computer. Our clients can upload their Quickbooks backups, bank statements or other tax documents to send to us in a safe secure manner. When we are finished we can then upload a new backup with the changes made to them. What a time saver. You can send and receive backups without ever leaving your office. We look forward to serving your accounting and tax needs in the near future.

One more deadline in 2011

angelabailey — Fri, 16 Sep 2011 15:44:14 +0000

Another Deadline has come and gone. Just one more in 2011. If you filed an extension for your personal return, the final due date is October 15^th. If this is you, you need to get your information in to us to finalize your return for 2010.

Fraudulent IRS letters

angelabailey — Tue, 06 Sep 2011 13:07:47 +0000

One of our clients received the attached FAXED letter stating that it was from the IRS on IRS letterhead. This is not true; the IRS does not correspond by Fax or by email unless they have made specific arrangements with you to do so. Contact the IRS if you are unsure as to its validity. Do not respond. If you receive an email, do not open. See attached IRS letter fraud

Quickbooks Class set for September 20th 2011

angelabailey — Thu, 18 Aug 2011 18:48:41 +0000

The next class is set for September 20th 2011 and October 17th 2011. Both classes will be held at 10am. The cost is $100 for two people per company. This is a basic lecture class. The class is approximately two hours.

Contact Angela at abailey@sandraclaytorcpa.com or call the office 804-748-9135.

Job Opening – Administrative Assistant

angelabailey — Tue, 26 Jul 2011 18:26:13 +0000

Key responsibilites – Receptionist. Assemble tax returns. E-fling of tax returns. Assist in monthly accounting work. Maintain customer lists and reports. Order supplies.. Type and assemble financial reports. Install software on computers.

Quickbooks and Excel are a plus.

We are looking for a bright, energetic and organized individual to join our team. This individual is the first face and voice of the company.

We are looking to hire beginning in September or Ocotober 2011. Please send resume to sclaytor@sandraclaytorcpa.com

IRS BOOST MILEAGE DEDUCTION

angelabailey — Mon, 27 Jun 2011 14:38:02 +0000

Starting July 1, the mileage rate will be 55.5 cents per mile. This is an increase on the mileage rate for the first six months of the year of 4.5 cents. The IRS is also increasing the deductible mileage rates for medical and moving expenses from 19 cents to 23.5 cents per mile. The rate for charitable mileage remains at 14 cents. The IRS does not control this rate: it is set by statute.

Remember to keep your mileage logs. Mileage will be calculated on two rates for the 2011 tax year for everything except charitable mileage. Mileage logs should have dates, mileage and purpose. Total mileage records as well as business miles should be maintained for vehicles that are used for both personal and business.

The new rate can be used to reimburse employees without the employee being required to claim the reimbursement as income.

Where is my refund???

angela — Mon, 13 Jun 2011 13:46:29 +0000

If you have not received your refund go to the following websites to check www.irs.gov for your federal refund and tax.virginia.gov

Happy New Year, 2011

angelabailey — Fri, 31 Dec 2010 16:16:12 +0000

Happy New Year. This May, 2011 our Firm will celebrate 25 years in business. We are gearing up to serve all your tax needs with additional staff and training. You will be receiving information regarding the documents and information that we will need to complete your Business and Personal tax returns for 2010. If you do not receive the packet, please visit our website sandraclaytorcpa.com or give us a call at 804-748-9135. Be sure to look over the information in the packet, we are asking for new information to better serve our clients needs. We look forward to seeing you this year.

We will update our website under Latest News and send out periodic newsletters when we learn of new information that will be helpful to you. In May, our Quickbooks classes will again be available. We can still help you with your Quickbooks questions and any necessary training will be available during tax season.

There are a few additional items that you need to be aware of for the year 2011.

One of the Tax Act changes passed on December 17, 2010 will involve a 2% reduction in FICA tax for employees for wages paid after December 31, 2010. Your payroll software or service should be able to handle this for you. Remember, as an employer you will still be responsible for the full 6.2% Employer contribution. There is no change in the Medicare deduction for either Employees or Employer contributions.

Payroll deposit coupons that are taken to the bank will NO longer be an option in year 2011. You will need to enroll in EFTPS and pay on the website or by telephone. EFTPS requires that you have a pin when using this system. EFTPS has been pre-enrolling but if you have recently enrolled and cannot find your pin, call 888-434-7338. Payments must be scheduled by 8pm EST the day before they are due to be paid timely. The service is very easy to use. Please contact us if you need assistance.

In 2011, rental income recipients will be required to report payments for services on their rental properties that are $600 or more to the same vendor. This includes individuals who rent a former home or have only one rental property. Obtain a W-9 for all vendors that you pay for services. A W-9 can be found on our website or the IRS.gov website. Reporting requirements are generally subject to the same requirements as taxpayers engaged in a trade or business. The information should be reported on Form 1099-Misc at the end of the tax year.

Season Greetings

angelabailey — Mon, 13 Dec 2010 19:29:06 +0000

We want to wish you all Happy Holidays from all of us at Sandra Claytor CPA. We look forward to seeing you next year in 2011, our 25th year in Business.