|
 |
Remember to schedule your FREE meeting with us to see how we can save you time and money! (520) 241-0371 info@eclconsulting.com |
| Pay via Pay Pal |
|
|
Staring in February, ECL Consulting is offering our clients the option of paying their invoices via Pay Pal. Look for a link on your invoice to take you directly to Pay Pal. Save time and money by paying online, securely and easily.
|
| March Tax
Deadlines |
| March 2 |
Businesses - File information returns (Form 1099) for certain payments you made during 2008. There are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the forms for each type of payment.
Employers - File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W-2 you issued for 2008.
March 16
Employers - 941 payroll tax & withholding. If the monthly deposit rule applies, deposit the tax for payroll processed in February.
Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in February
Corporations - File your 2008 income tax return by this deadline (C-Corporation and S-Corporation)
|
 |
| ECL Staff Contact Info |
 |
Each of ECL's staff members can be reached directly. You can also call 520-241-0371 to leave a message for any staff member.
Our new central fax number is
1-520-843-2092.
Please make sure you dial the "1" and the area code, no matter where you're dialing from.
Eli Larriva: 520-241-0371
Carol Rundle: 520-721-6868
Susie Guthrie: 520-240-1735
Kris Dorris: 443-206-3613 |
| ECL Consulting Presents... |
|
The Better Business Bureau of Southern Arizona has invited ECL Consulting to present a seminar on "What You Need to Know Before Filing Your Taxes" at their headquarters on March 25, noon to 1 pm. Lunch is BYO. Register with the BBB or call 888-6161. More information to come. | |
|
Greetings!
ECL Consulting can help make filing your taxes easier! We offer services to help you organize your paper and electronic records so gathering the information you need to file your taxes is simpler and less time-consuming. Contact us today for more information. |
 |
IRS Tax Tip #7 |
|
Consider electronic filing
When you file electronically you will get your refund in about half the time it takes when you file a paper return.
If you've never filed your tax return electronically, you should definitely consider trying it in 2009. Join the millions of taxpayers who are saving time and money to file their tax returns without the many headaches often associated with filing a paper return.
Here are the top seven reasons close to 90 million people filed their tax returns electronically in 2008:
1. It's easy. Your tax preparer can usually file a state tax return at the same time as your federal tax return.Many tax preparers use special software that allows them to file electronically for their clients.
2. It's accurate. No more human errors because the e-file process (and your tax preparer) checks for math errors and necessary information. This not only increases the accuracy of your return, but it also reduces the need for correspondence with the IRS to clarify errors or omissions.
3. You'll get your refund faster. When you e-file, you can get your refund in as little as ten days.
4. There are more payment options. With e-file, you can file your return early, but wait to pay any balance due by the April deadline. You can also pay electronically using a credit card, electronic funds withdrawal or in some cases the Electronic Federal Tax Payment System (check with your tax preparer for more information).
5. It's fast. You don't have to make a trip to the post office. In fact, you won't even need to walk to the mailbox to send your return.
6. You'll know the IRS received your return. The IRS will send your tax preparer an electronic notification acknowledging receipt of your return.
7. You'll have peace of mind. When using a qualified tax preparer who files electronically you can rest easy knowing your information was submitted accurately and timely so all you have to do is kick back and relax - you're done!
For individuals and especially small businesses, ECL Consulting, LLC
recommends finding a qualified tax preparer who truly cares about providing the
best service, is knowledgeable and will locate all available deductions to
reduce your tax and increase your refund. We are happy to recommend qualified
and dedicated income tax preparers we work with. Please contact us to locate the best professional for your needs. |
|
Save on QuickBooks |
|
ECL Consulting, LLC has partnered with A+ QBooks Consulting & Services, LLC to bring you substantial savings on QuickBooks.
- QuickBooks Enterprise - 5 to 30 users - 25% off MSRP. Sale ends 2/26/09.
- QuickBooks Point of Sale Basic, Pro, and Multi-Store -software and hardware - up to 50% off MSRP. Sale extended through 3/27/09.
- Free QuickBooks 2009 Pro with the new Assisted payroll subscription. Offer ends 3/16/09.
Call (800) 609-0788 or email for details or to order. |
|
|
Ask An Expert |
|
Q: Am I eligible to contribute to a Roth IRA?
A: Your income limits how much you can contribute to a Roth IRA: You must have compensation (e.g., wages, salary, tips, professional fees, bonuses). These limits vary depending on your filing and marital statuses. Generally, you can contribute to a Roth IRA if you have taxable compensation and your modified AGI for 2008 is less than:
- $169,000 ($176,000 for 2009) for married filing jointly or qualifying widow(er),
- $10,000 for married filing separately and you lived with your spouse at any time during the year (for both 2008 and 2009), and
- $116,000 ($120,000 for 2009) for single, head of household, or married filing separately and you did not live with your spouse at any time during the year.
There is no age limitation for Roth IRA contributions. If your only IRA is a Roth IRA, the maximum 2008 contribution limit is the lesser of your taxable compensation or $5,000 ($6,000 if 50 or older). The same contribution amounts will hold in 2009. The maximum contribution limit phases out depending on your modified adjusted gross income.
You can make contributions to a Roth IRA for your spouse provided you meet the income requirements. Contributions to a Roth IRA can be made at any time during the year or by the due date of your return for that year (not including extensions).
Roth IRA contributions are not tax deductible and are not reported on your tax return. On the other hand, you do not include in your gross income, and therefore are not taxed on, any qualified distributions or distributions that are a return of your regular Roth IRA contributions or that are rolled over into another Roth IRA. Ever have an accounting, tax, QuickBooks or cash flow management question and didn't know who to ask? Now you can Ask An Expert! Email us your questions and we will print the question and the answer in our newsletter! No question is too big or too small. | |
Have you enjoyed this newsletter? Have any suggestions for things you'd like to see covered? Have a question for our resident Accounting Expert? Let us know by emailing askexpert@eclconsulting.com.
Each issue will cover different topics and have different features, so watch for us each Tuesday.
Remember, we provide accounting and cash flow solutions for successful companies -- yours!
Eli Larriva
ECL Consulting, LLC
(520)241-0371
info@eclconsulting.com
|
|
|
