Even though we're way into August already, and some of you are getting your kids ready for school, I thought I'd mention that starting July 1, 2011, the IRS reimbursement rate for business related mileage has increased. It is now 55.5 cents per mile (increase from 51cents per mile).
The rate for deductible medical and moving expenses has also increased from 19 cents per mile to 23.5 cents per mile.
Keep track of all your mileage, specially if your employer doesn't reimburse you the full amount. Medical, volunteering and moving related miles can add up as well. You just never know when a little bit is enough to decrease your tax liability! Better too much than not enough in this case.
E-mail or call if you have any questions, concerns, remarks!
Wednesday, August 10, 2011
Wednesday, June 22, 2011
The Perfect Recipe for your Accounting and Bookkeeping System
Most business owners dread about the thought of doing their own books. Watch this Video to see why I do what I do and why I get pleasure out of it :) It doesn't need to be as complicated as one may think.
Thank you Kelly Braaten from Beauty Control for recording this presentation for me! I had a blast :)
Thank you Kelly Braaten from Beauty Control for recording this presentation for me! I had a blast :)
Monday, April 11, 2011
Calling ALL COLORADO Businesses re: Colorado Controller Unit
PLEASE, don't let this scammers get you! Some of you have already received, some of you may be getting it in the mail - the letter from Corporate Controller Unit. It looks VERY official, and it offers "help" in staying compliant with Colorado Regulations.
Let's start from the beginning: each Colorado Business is required to file a Periodic (Annual) Report with Colorado Secretary of State. The fee for filing is $10 each year. Each business gets a reminder from the State via post card in the mail about a month before the report is due.
This "Corporate Controller Unit" states that if business fails to file this periodic report, it'll become noncompliant or delinquent with the Secretary of State. It offers "help" in filing required report for only $225. It states that you have to respond right away. As official as this letter looks, and appears to be from government agency, it is NOT! It is a scam, and Secretary of State explains in more details in the interview with Channel 4 here.
Most of us don't ever read the fine print at the bottom or at the end of documents. This one would be worth reading, as it states that Colorado Controller Unit in not a government agency and it has no legal authority. Thus businesses are not required to do anything with it, and are free to disregard this letter.
I hope you didn't fell for this scam. If you are not sure if you are current on your filings, check with your Tax Specialist, or simply go to the Colorado Secrectary of State website, and check it. This website offers a lot of great information. Make sure you stay current and compliant, as it costs much more than $10 to re-instate if you became delinquent.
Let's start from the beginning: each Colorado Business is required to file a Periodic (Annual) Report with Colorado Secretary of State. The fee for filing is $10 each year. Each business gets a reminder from the State via post card in the mail about a month before the report is due.
This "Corporate Controller Unit" states that if business fails to file this periodic report, it'll become noncompliant or delinquent with the Secretary of State. It offers "help" in filing required report for only $225. It states that you have to respond right away. As official as this letter looks, and appears to be from government agency, it is NOT! It is a scam, and Secretary of State explains in more details in the interview with Channel 4 here.
Most of us don't ever read the fine print at the bottom or at the end of documents. This one would be worth reading, as it states that Colorado Controller Unit in not a government agency and it has no legal authority. Thus businesses are not required to do anything with it, and are free to disregard this letter.
I hope you didn't fell for this scam. If you are not sure if you are current on your filings, check with your Tax Specialist, or simply go to the Colorado Secrectary of State website, and check it. This website offers a lot of great information. Make sure you stay current and compliant, as it costs much more than $10 to re-instate if you became delinquent.
Friday, March 11, 2011
Local Number - FINALLY! :)
"M" a$ Money finally got a new, local number! Please, save it in your records: 719-445-9TAX (719-445-9829). Looking foward to hearing from all of you soon! Happy Weekend!
Monday, January 24, 2011
First Radio Interview with Patti Serrano
Here we go folks! First one EVER live radio interview down... Definitely need to practice more, but not too bad for the first time, ha? What do you think?
In order to listen, go the Inverview link here. On the list towards bottom of the page, look for "Interview with Marta McDonald" recorded on January 18, 2011. Click on "Listen" and PLEASE, give me some feedback :) Thanks in advance and enjoy everyone! Have a SUPER extra week!
In order to listen, go the Inverview link here. On the list towards bottom of the page, look for "Interview with Marta McDonald" recorded on January 18, 2011. Click on "Listen" and PLEASE, give me some feedback :) Thanks in advance and enjoy everyone! Have a SUPER extra week!
Monday, January 10, 2011
Increased first paycheck of the year?
Are you or your spouse employed? If so, you are getting a paycheck on weekly/bi-weekly/monthly bases. The first week of January is over, and if you have gotten your paycheck last Friday, you should have seen an increase.
Why?
Because new bill was signed on December 17th, 2010. This bill has decreased the employee's portion of FICA tax from 6.2% to 4.2%. This change is valid only so far for year 2011.
What does it mean? That means that in essence, you got a raise from the government :) If you haven't received your first pay stub this year yet, make sure that you check it when you get it. Your net pay in 2011 should be more then in 2010. If it is not, make sure you talk to your Accounting Department and adjust it.
This bill supposed to boost the economy by giving you more money to spend. Whatever you decide to do with it, make sure you put the extra cash to work FOR YOU!
For more info, check IRS website here: http://www.irs.gov/newsroom/article/0,,id=232590,00.html
If you have any questions, don't hesitate to call me or e-mail me!
Enjoy spending the extra cash!
Why?
Because new bill was signed on December 17th, 2010. This bill has decreased the employee's portion of FICA tax from 6.2% to 4.2%. This change is valid only so far for year 2011.
What does it mean? That means that in essence, you got a raise from the government :) If you haven't received your first pay stub this year yet, make sure that you check it when you get it. Your net pay in 2011 should be more then in 2010. If it is not, make sure you talk to your Accounting Department and adjust it.
This bill supposed to boost the economy by giving you more money to spend. Whatever you decide to do with it, make sure you put the extra cash to work FOR YOU!
For more info, check IRS website here: http://www.irs.gov/newsroom/article/0,,id=232590,00.html
If you have any questions, don't hesitate to call me or e-mail me!
Enjoy spending the extra cash!
Thursday, January 6, 2011
Welcome to "M" a$ Money Page
It's TAX season again! Don't procrastinate any longer! Start gathering your info right now, so you're ready. The worst thing you can do is wait till the last minute!
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