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January 6, 2011
Please remember that
we must have all of your
tax information in hand
no later than
Monday, March 21,
2011
for on-time filing
by April 15,
or for help requesting an extension.
No exceptions.
This ensures that
your work will be completed before the deadline.
Dear Friend,
Appointment reservations were sent
out this week on Tuesday. Check your mailbox if you
normally come in for an office appointment. Your appointment
will be canceled if not confirmed by January 21. Return
your Appointment Reservation Response Card without delay.
Didn't receive an appointment reservation?
Need to change your appointment? Call or email us
as soon as possible for the best choice of times.
This year we will not be rescheduling
any appointments after February 1. Call now if you
need to change your appointment. Openings are very
limited and we can reserve only one time slot for you.
If you miss your appointment or must
cancel after February 1, you can still mail in or drop off
your tax records.
I am grateful for your business and your
trust. If you have any questions, be sure to let me know.
All the best in 2011,
P.S. Today we are doing a
bigger mailing to all current clients, not just those wanting
office appointments. Please bring your signed 2010
Engagement Letter, Client Information pages, and the Client
Questionnaire to your office appointment
or send them in with your tax information.
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Child Care Providers: Here
Are
Some Super Suggestions for 2011
-
Streamline your record-keeping
with Minute
Menu Kids Pro software. After working with
numerous child care providers, I think this is
your best record keeping option. Some of you
already use it to record meals for the Food Program, but
it can do much more.
Start using Minute
Menu today and cut way down on the time you spend
dealing with your store receipts and preparing for tax
time.
- Start the new year by treating
your child care helper as a proper employee. Though
many people, including some tax pros, think otherwise,
a day care helper is not
considered an independent contractor and should
not receive a Form 1099-MISC at the end of the year.
Get set up to give your helper a Form
W-2 for 2011, even if you aren't doing so for 2010.
This will guarantee the tax deductibility of your helper's
wages, which is probably one of your biggest business
expenses. Yes, there will be some employment
taxes to pay, but those are a business deduction, too.
January is a great time to make the change to running
proper payroll. You will sleep better. No
more worrying that the IRS
might discover your situation and ask you for all the
payroll taxes, plus penalties. Your helper could
be the one to tip them off--perhaps by applying for unemployment
benefits. Sometimes this happens even after they've insisted
on being paid under the table! Protect yourself.
Are you a California child
care provider interested in my tax preparation services?
I would be happy to
hear from you, but first, please read through my Frequently
Asked Questions. If you are satisfied with my
approach and the estimated fee, call 800-616-1268 or email
me to receive a New Client Packet.
Contact me now if
you want to make an office appointment. In a month or so,
there will be very few openings left.
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Here's
a great new resource: 