Author: tonynova
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Promotional rate for new individual tax return preparation
Promotional rate for new individual clients: $195. Ask for the “introductory rate” before we prepare your tax engagement agreement. This rate may not be available late in the tax season. Includes: Form 1040 with standard deduction One state tax return Discussion of tax-reducing strategies E-filing with proof of acceptance Return of original documents Additional tax schedules are…
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The scary rise of fascism in 2016 politics
Could the dire issues facing our nation now be any more clear? Remember that it was only a short time ago that Americans feared the impact of having a socialist in its highest elected office. I reflected on this issue on December 12; only 77 days ago. (http://tonynovak.com/cpa/but-hes-a-socialist/). Yet that risk seems mild now compared to…
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Time to look ahead for work after tax season
Updating the resume and setting minimal earnings requirements Looking ahead to the end of tax season I became concerned with my lack of future work projects. So I updated my online resume and sent out a few inquiries. I also updated a cover letter to go with the resume that is not published online and,…
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“Pay half” tax preparation offer draws public discussion
H&R Block has caused commotion within the tax preparation industry last week with its “pay half” offer for new clients. Likewise, Intuit has annoyed some with its TurboTax advertisements suggesting that tax preparation is a simple do-it-yourself project. The TurboTax “It doesn’t take a genius” ad campaign belies the decades of training that tax professionals…
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NJ tax lien sale certificate class action settlement oddity
I am posting the content of this letter for whatever it may be worth. I have no further information on the matter but I simply suspect that others may be affected. February 24, 2016 NJ Tax Sales Certificates Antitrust Litigation c/o Gilardi & Co. LLC P.O. Box 808061 Petaluma CA 94975-8061 RE: In Re…
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The cheapest, easiest accounting system
With all of the amazing features of online accounting systems offered at price of $10 per month*, it is difficult to understand why some people prefer to continue using paper log books or spreadsheets for their accounting records. Yet I have several clients who keep records on spreadsheets. This works well for small businesses with…
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Get the most from your small business accountant
your small business accountant is a primary agent of change Small business management is changing rapidly; more dramatically and at a faster pace than we have ever seen before. As a small business CPA I feel that it is important to help clients forecast the impact, tap into and leverage the benefits whenever possible and minimize the damaging impact of…
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Tax organizer available as a free download
A tax organizer is used to help gather information necessary for income tax return filing. It does not replace the need for original documentation but rather supplements it and serves as a reminder of the information that is necessary. A new short 6 page organizer for individuals or small business owners, titled “2015 Tax Organizer“, is now…
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When can a tax preparer accept your word?
When can a professional tax preparer accept your word without documentation and when must a tax preparer rely on other contradicting information? These issues came up several times this week in my work. The guiding principles are listed in IRS Circular 230 but are frequently not understood by taxpayers. While almost half of all tax…
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“How much will health insurance cost when…”
It makes sense to plan ahead for the cost of health insurance. It is not surprising that I often receive questions about how much medical insurance will cost when I graduate, after I am divorced or when I leave a job to start a business. Fortunately,the Affordable Care Act includes a provision designed to keep health…