MOORE CPA FIRM PC
* the quickbooks-meister + computers & moore *
P O Box 820 Copperhill, TN 37317 (423) 761-0201 (706) 455-9300 (Cell) (865) 236-1981 (Fax) musicman0517 (Skype) EMAILinfo@blueridgecpa.com
ANNOUNCEMENTS
DID YOU KNOW . . . . . . . . .
. . . . that we support QuickBooks users from 2005 - 2011 without you or me ever leaving our offices? We give you a free pass to a secure website and you upload one of the several QB backup files, it downloads to our desktop immediately, and we can do your year end accounting and tax work, compiled or reviewed financial statements, payroll tax returns, a budget, forecast or projection (we have a separate program that QB reads into automatically) or just simply clean up and set up your system for maximum effectiveness and utilization. When we are finished, we send you a restore file the same way we received yours, and viola!! You have your QB files ready to start your new accounting period. Simple, clean and cost effective. Email us for more information.
. . . . that we can access your computer no matter where you are in the world, take control of your mouse and navigation, and complete all the above projects direct on you computer; even journal entries, bank reconciliations, tweaking your vairous functional requirements, payrolls, receivables, payables, inventory control, and much more. And there is no extra cost to you for this approach; we pay the annual online fees, and it is free to you. Give us a try on this novel and new approach for CPA's. It is very cost effective for our clients, and they love it!
. . . . that we can have a face to face conference with you no matter where you are in the world; all it takes is a webcam, high speed internet connection, free Skype program, or Yahoo Instant Messaging, or Microsoft Messenger and we can see each other's smiling faces and discuss whatever you need assistance with. And if you don't want to smile, that works too.
. . . . that you must obtain an I-9 form for any new employee you hire, to document they are working in the U.S. legally?
. . . . the Internal Revenue Service announced that at the end of the year it will stop accepting paper coupons for deposits of payroll taxes, corporate income and estimated taxes, and various other federal tax payments. Starting Jan. 1, 2011 businesses will generally be required to use the Electronic Federal Tax Payment System to make federal tax deposits.
. . . . the Internal Revenue Service is stepping up its challenge of the "contractor vs. employee status" classification of workers, especially in the construction and landscaping industries. And they are beginning to rely on reporting from states that have passed legislation requiring civil and sometimes criminal penalties for mis-classification of these workers. As much as it pains us to say so, each company using subcontractors, etc, should re-examine their position and classification and consider treating certain workers as employees and filing all the necessary returns and paying the related taxes. Better than being shut down for not doing it right.
. . . . Congress has repealed the requirement that ALL businesses, no matter what size, must issue 1099s in early January, 2013 to any vendors who were paid $600 or more during the year? The requirement has reverted to the rules in effect prior to this enactment: services provided by non-corporate entities in excess of $600 per year.
. . . . the IRS has a new handbook instructing agents on auditing law firms; examiners will check attorneys for all types of income reporting, including contingent fees, referral fees, retainers and cash payments. Additionally, agents will scrutinize meals, travel and entertainment, as well as the accounting treatment of client costs advanced on engagements.
