In This Issue
Contest Corner
Individual Tax Changes
Extension Filers Deadline
Avoid Owing Money On Return
Quick Links
Contest Winner Spotlight 
Accounting
 
(Starts Nov 1st)
 
Stay tuned for more information about our monthly and annual contests. We
will spotlight each winner.  Check website in a few weeks for contest rules and prizes.
 
Business Client Spotlight

Computer Pro
 The Expert in Computer Repair
 
Computer Repair
Web Design
Graphic Design
Computer Sales
Software Training 
 
 We specialize in in POP-UP, Spam & Virus Removal.  Allow us to get rid of those annoying pop-ups!  We come to your home or business.  We can even repair your computer over the internet remotely for a $50 flat fee...read more 
Join Our Mailing List
J A Hall Accounting Services

 

J A Hall Accounting Services Newsletter

Greetings!

In this October 2009 Accounting & Tax Services Newsletter edition our business client spotlight is Computer Pro. 
 
We will also spotlight our individual tax preparation services.  If you have or know someone that filed an extension on April 15th, there's only 2 weeks left to file a return without additional penalty.  If you know someone who can benefit from this information forward this email to them by clicking on the Forward to a Friend link in the Quick Links section. 
Join Our Mailing List
Tax Changes For Individuals 
 
Deduction for Sales and Excise Taxes Imposed on Purchase of New Motor Vehicles
 
Economic Recovery Payment, Making Work Pay and Government Retiree Credits (If you are entitled to the economic recovery payment, you will get it automatically.  You do not need to apply for it).
 
Education-Related Tax Changes - American Opportunity Tax Credit (listen to audio podcast)

Health/Medical-Related Tax Changes

Home/Residence-Related Tax Changes - 1st Time Homebuyers Credit (The last day to purchase a home is December 1, 2009)
 
Penalty for Failure to File Income Tax Return Increased
 
Residential Energy Credits

________________________________________________

Getting Ready for 2009


Tax Checklist Items (click, then scroll to the bottom)
 
___________________________________________________
For individual taxpayers who filed extensions the deadline is October 15th.
 
The last day to e-file is October 30th.  After that you must mail in your 2008 tax return.
 
The last day our office will print refund checks is October 30th.  After that your refund check will be printed directly from the bank and mailed via 1st class.
 
Fees can be deducted from your 2008 tax refund until October 30th.  After that you must pay in advance.
 
Whether paying with a timely filed tax return, or filing late and paying late after receiving a bill from the IRS (and the bill is correct), taxpayers are encouraged to pay the taxes they owe in full.

If taxes are not paid, and no effort is made to pay them, the IRS can ask a taxpayer to take action to pay the taxes, such as selling or mortgaging any assets owned or getting a loan. If effort is still not made to pay the bill, or make other payment arrangements, the IRS could also take more serious enforced collection action, such as levying bank accounts, wages, or other income, or taking other assets. A Notice of Federal Tax Lien could be filed that may have a detrimental effect on a taxpayer's credit standing. See information about Liens and Levies..read more
 
Self-employed persons who do not file a return will not receive credits toward Social Security retirement or disability benefits. Failure to file results in not reporting any self-employment income to the Social Security Administration.
 
Even if a taxpayer doesn't have enough money to pay, returns should be filed to avoid further penalties for failure to file. The IRS will assist in finding a solution to the problem.

The IRS has streamlined its policies to offer alternative account resolutions if a taxpayer cannot pay in full with the return:
 
The IRS will help to set up an installment agreement when the situation warrants. Installment payments allow taxpayers to pay the tax debt over time.  The IRS will consider whether an offer in compromise is an appropriate solution.  J A Hall Accounting Services can assist in preparing an offer in compromise and installment agreements.
 
__________________________________________________
How You Can Avoid Owing Money On Next Year's Tax Return 
Many people don't file tax returns because they don't have enough money to pay the tax they owe. They find out after completing their return that their withholding or Estimated Tax payments do not equal their tax liability.
 
To help avoid this situation, J A Hall Accounting Services can advise taxpayers how to ask an employer to withhold enough tax from their pay. For any income that is not subject to withholding, we can provide information necessary to make quarterly payments to cover any amount to be owed.  IRS Withholding Calculator.
 
Changes in financial circumstances could have an impact on taxes. For example, an increase in income, divorce, or selling an asset, may require adjustments to withholding or estimated payments.

By taking these steps, taxpayers will be better able to meet their tax obligations and avoid tax day surprises.
 
__________________________________________________
With up-to-date technology and a professionally trained staff, J A Hall Accounting Services is dedicated to making your money work for you.
 
Sincerely,

J A Hall Accounting Services, Inc.
Professional - Efficient - Secure!
 
Forward to a Friend
Our office hours are Monday thru Friday form 9am to 5pm and by appointment on Saturdays.  We are closed most major holidays, so call to confirm.  We have two (2) locations - one in Atlanta and the other in Decatur.  For more information call us at either 404-588-0566 or 404-243-5660.
 
We do not disclose any nonpublic personal information about our clients or former clients to anyone, except as requested by our clients or as required by law.  If you any questions about our privacy policy, please contact us.
 
$10
Referral 
One of the nicest compliments our clients can give us is a referral. For each new paying client you refer to us, we will pay you $10.  This coupon is transferable.  So, you may share this offer with friends and family.  Have your friend bring this coupon in with their tax information.
 
 
 
Referred by: Your Name:
 
 
_____________________________________________________
 
Print out this coupon and present it to your tax consultant. 
$25 OFF PERSONAL TAX RETURNS
$50 OFF BUSINESS TAX RETURNS 
 
This coupon is transferable.  So, you may share this offer with friends and family.  Have your friend bring this coupon in with their tax information.
 
Print out this coupon and present to your tax consultant.
Offer Expires: October 15, 2009