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The FKCo Report
Accounting, Tax, and Firm News
February 2009
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Greetings!
Welcome to the latest
installment of our new e-newsletter, "The FKCo Report." Here you will
find updates on important or newsworthy items within our firm, our
clients and the world of accounting and taxation. This addition allows
us to reach out to you, stay in touch, and welcome you again to the
FKCo Community. We encourage your comments and responses. We look
forward to hearing from you!
Respectfully,
Alan Friedman, Don Kannenberg
And everyone here at FKCo |
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FKCo Returns From The Winter NAMM Show in Anaheim, CA
Alan, Jen, and Daniel just got back from attending the 2009 Winter NAMM
show in Anaheim, CA where they each presented vital financial
information and technology solutions to the music retailing industry.
They also took the time to meet with both existing and prospective
music retailing clients. In light of the bumpy economy, we're doing our
very best to give solid advice to weather the storm. The NAMM Trade
Show allows us to meet one-on-one with retailers to provide advice on
important topics such as inventory management, point-of-sale systems,
internet marketing and social networking, and fiscal responsibility.
You can see more on The NAMM Show by clicking HERE.One
of the most successful sessions Alan has delivered was on Saturday,
January 17th with industry consultant Danny Rocks. The two collected
ideas from their industry peers and presented a session entitled "The
25 Best Ideas to Implement NOW!" Click the photo below to see the
entire 82 minute presentation for yourself. No matter what your
business is, you're sure to be inspired. |
Tax Season Is Upon Us
We're already deep into the 2009 tax
season. If you have all of your info ready to submit to us, please do
so at your earliest convenience (we welcome and praise the early birds,
as we want to service all of our clients in a timely manner). If you
have any questions on what you need to submit to us, please go to our
website and peruse the following linke:
What to Provide
If
you have any questions at all, you can ask us directly from our
website or simply e-mail Jen back by responding to this e-Newsletter.
Remember These Dates!
If
you are a Corporation (federal form 1120 or 1120S), please contact us
before February 28th to assure you get your tax returns in time for
the March 15th corporate tax return deadline for calendar year-ends. If you are an Individual (federal form 1040) or a
Partnership/LLC (federal form 1065), please contact us before March
31st to assure you get your tax returns in time for the April 15th
corporate tax return deadline for calendar year-ends.
If you
plan on filing an extension, please let us know as soon as you can so
we may prepare a proper extension and estimate of tax due.
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E-Filing, The Real Truth
Here are some important facts to know about e-filing.
1. FKCo can not e-file your tax return until you have signed and
returned the 8879 form (included in your FKCo tax return packet behind
the pink instruction sheet) to us either by mail, fax or scan.
2. E-filing is the most efficient way to file your return, and it is the preferred method by the IRS.
3. If you get your return done early and you owe money, you can still e-file early. However, YOU DO NOT HAVE TO PAY THE IRS UNTIL APRIL 15TH!
4. You can pay the IRS by either sending in your payment with
your payment voucher (this must be postmarked by 04.15.09) or you can
have those funds directly withdrawn from your bank account. Ask your
tax preparer for details.
5. If you have a refund, you can have
it deposited directly into your bank account by providing us your bank
routing and account numbers. This is the fastest way to receive your
refund.
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FKCo Has A New Home
Please noteFKCohas moved.
We have a new address and contact info: Friedman, Kannenberg & Company, P.C.
17 Talcott Notch Road
Farmington, CT 06032
Tel: 860.677.9191 Fax: 860.674.9602 www.fkco.com
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Don's 'Whine' of the Month
With the
economy wrecking havoc on our wallets my focus this month has been on
"great values". To find a wine that WOW's you for $15 is pretty
special. This month's selection does just that.
Don's Pick for February is...
MONTOYA
2005 Cabernet
Vineyard: Napa Valley, California
Great with: Pepper-encrusted steak and baked sweet potatoes.
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Alan's Guitar of The Month
My guitar pick of the month is the "always
affordable" Gibson Melody Maker...a great pick, in my opinion, during
these tough economic times. Originally introduced in the late 1950's
as a student model, the Melody Maker (like the Les Paul Junior) is a
stripped-down version of the more elaborate and expensive Les Paul.
Over the years, the Melody Maker became a favorite for its light
weight, comfortable neck and great tone (even from just one pickup).
Today's Melody Maker is no exception. With a special design single-coil
pickup, a vintage-style wraparound tailpiece and rounded neck profile,
the Melody Maker is an unbelievable value (a true Gibson for under
$500) for players of all ages, styles, and skill levels. So take your
tax refund, strap on a Melody Maker, gain a couple hundred pounds, and
start playing "Mississippi Queen" (Yes, Melody Makers and Les Paul
Juniors were the guitars of choice for guitarist Leslie West of
Mountain fame..:>)
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Fkco Welcomes New Staff
We would like to welcome two new staff members to Friedman, Kannenberg, & Co.
Lynda Bradley
comes to us as a tax accountant. She spent six years at the accounting
firm of Michael R. Des Roches, CPA, LLC. You may like to know
she likes to back her car into parking spots for a quick get-away.
Please say hello to her if you come in for an appointment or if you
should get her on the phone.
Kellie Anderson comes
to us from Central Connecticut University and is on board as our tax
season intern. She graduates this spring and is a drummer! This make
two drummers, one guitarist, a trombone player and a few singers on
staff. We almost have an FKCo band!!
Lynda, Kellie and everyone here look
forward to assisting you in your tax and accounting needs. Here's to
an easy going tax season.
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Alan and Chris Rock at NAMM
Chris Scialfa and Alan Friedman rocked it out with all industry band "Printz" at the 2009 Winter NAMM in Anaheim, CA
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Thank you for being a part of the FKCo
family . It's our pleasure to be able to provide you with
the accounting, tax and financial services you need. As always, we're
here to help and look forward to hearing from you.
With Warm Regards,
Alan, Don and Everyone here at FKCo
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