October, 2011

Stay Alert To Spot Employee Theft

Employee theft happens more frequently than you hear or read about. It’s believed that only a small percentage of cases of employee dishonesty are reported and prosecuted. Too often, the employee is just dismissed and moves on to steal from someone else. In other cases, especially where financial controls are weak, the employee may steal small amounts for years without being detected. (more…)

Selling Your Firm

When selling your firm you need to be prepared for several things from the outset. Whatever the purpose of sale may be, there are some suitable guidelines to follow that will best prepare you as the seller for the reality of the sale itself. (more…)

Take Advantage Of The Tax-Free IRA Charitable Rollover

The Tax Relief Act of 2010 extended the provision that allows taxpayers age 70½ or older to make charitable donations of up to $100,000 directly from their regular or Roth IRAs. But the provision is set to once again expire after this year. Should you take advantage of this option in 2011? (more…)

Tax Tip Tuesday! Innocent Spouse Relief Might Protect You

The problem with secrets is this: Secrets cause problems. That’s especially true when you’re married and file a joint tax return, because you may be liable for your spouse’s secrets. (more…)

What’s New: Take Advantage Of Expiring Tax Breaks

A number of tax breaks are due to expire at the end of this year. Though Congress may renew some or all of them, there is no way of knowing if or when they will. As part of your year-end 2011 tax review, consider whether any of these opportunities to cut your tax bill fit your situation. (more…)

A Website That Works

Small business owners often find themselves discouraged with their websites and their inability to attract a large amount of clientele. There are two main things to remember when creating your website: to attract and engage. Without both of these features working for you, your site will not be working to your advantage. (more…)

Get Going with QuickBooks 2011 Beginner seminar

Date: 2011-11-03 Time: 08:00 AM – 01:00 PM Location: Thaney & Associates CPAs Rochester Office

Computer lab setting, training manual with practice files and post-class business diagnostic

Cost: $127 Pre-Registration is required as space is limited: 877-223-5740

After completing this course, you will be able to:

* Set up a company * Work with lists * Set up Inventory * Sell your product * Invoice for services * Process payments * Work with bank accounts * Enter and pay bills

This class is geared towards those who have used QuickBooks® for six months or less, INCLUDING:

* Spouses who help with the books on a part-time basis * Business Owners who want to avoid mistakes and improve cash flow * Partners looking for long-term answers to accounting problems * Bookkeepers who need a better understanding of QuickBooks® *Financial Executives who would benefit from a reliable management reporting system

New Business: Two Surveys Reveal Workplace Information

Two recent surveys reveal some interesting things about what’s important to employees and employers. (more…)

Tax Tip Tuesday! Do Estate Planning For Your IRA

Who gets what and what goes where sounds like a riff on an old joke. But when it comes to estate planning for your IRA, those are important questions. (more…)

What’s New: Census Bureau Statistics Show Income Decline

The annual report from the Census Bureau shows that median household income dropped 2.3% last year to $49,445. That reflects a 7.1% drop from 1999 income after adjusting for inflation. (more…)