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E-Newsletter
accounting and cash flow solutions for successful companies
In This Issue
Staff Contact Info
January Tax Deadlines
QuickBooks Specials
AZ Withholding Changes
How to Get Paid on Time
Getting Organized
Ask An Expert: How Do I Prepare for Tax Season?
2010 Standard Mileage Rates
Tax
Remember to schedule your FREE meeting with us to see how we can save you time and money!

(520) 241-0371
info@eclconsulting.com
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Click Here for ECL Staff Contact Info
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January Tax Deadlines
 
Employers - Give your employees their copies of Form W-2 for 2009 by February 1, 2010. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by February 1.

January 15

Employers - Social Security, Medicare and withheld income tax.  If the monthly deposit rule applies, deposit the tax for payments in December 2009.

Individuals- Make a payment of your estimated tax for 2009 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way).  Use

Form 1040-ES.  This is the final installment date for 2009 estimated tax.  However, you do not have to make this payment if you file your 2009 return (Form 1040) and pay any tax due by February 1, 2010.

Employers - Non-payroll Withholding.  If the monthly deposit rule applies, deposit the tax for payments in December 2009.   

 
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QuickBooks Specials
 
A+ Consulting, LLC is offering the following promotions:
 
  • 25% off QuickBooks Enterprise Solutions 10.0
  • Up to 40% of QuickBooks Point of Sale 9.0 Software and Hardware
Contact them at qbooksconsulting@yahoo.com
 
 
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Arizona Withholding Changes Effective January 1, 2010


Senate Bill 1185 amended the amounts required to be withheld for Arizona withholding purposes.  Here is the Form A-4 that is effective on January 1, 2010.  Please read this Information sheet for a description of the changes that will occur in the future regarding withholding here in Arizona. 
Greetings!
 
The new year is upon us and with it comes tax season.  April 15 might seem like a long way awa, but it will be here before we know it.
 
Preparation is key to tax season.  See our tips on how to prepare effectively under Ask an Expert below.

ECL Consulting, LLC's Business Coaches work with business owners and managers in the areas of business management, administration and strategic planning to maximize the potential of the business and help owners realize their dreams.  By coaching you through every vital part of your business, we help create the plan, inspired action and measurable results to achieve your vision.

How to Get Paid on Time
 

With the current struggling economic conditions, the collection of accounts receivable is becoming more and more challenge each day. Strengthening your collection procedures may allow you to shorten the aging days of your accounts receivable and improve collection rates.

The following suggestions can help your business tighten up its credit and collections policies and improve its cash flow.  Although some of the tips discussed here may not be suitable for every business, they can serve as general guidelines to help improve cash flow.

Getting Organized 
As a small business owner you wear many hats. With all the rewards and responsibilities of ownership, it's no wonder that paperwork often falls to the bottom of your list, along with organizing your office, work flow and schedule. 
 
If you want to eliminate misplaced paper files, know exactly where you put that document on your computer, have a clutter-free pathto your desk, and remember important deadlines and appointments every time, contact us to put ECL's Organizing Solutions to work for you! 
 
Better yet - call us BEFORE you get stuck to free up your time & start saving money! 
Ask An Expert 
 
Q:  How do I prepare for tax season?

A:  Click here 
 
Ever have a tax, QuickBooks or accounting question, but didn't know who to ask?  Now you can Ask An Expert.  Send us your question and we'll answer it here.
IRS Announces 2010 Standard Mileage Rates
 
 
Beginning on January 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
  • 50 cents per mile for business miles driven
  • 16.5 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

The new rates for business, medical and moving purposes are slightly lower than last year's.  The mileage rates for 2010 reflect generally lower transportation costs compared to a year ago.

The business mileage rate was 55 cents in 2009.  The medical and moving rate was 24 cents.

 
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 us.
 
Each issue will cover different topics and have different features, so watch for us every other Tuesday.
 
Remember, we provide accounting and cash flow solutions for successful companies -- yours!
 
  
Sincerely,

Eli Larriva
ECL Consulting, LLC
(520)241-0371
info@eclconsulting.com
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