Tax Tips from  Smith, Sullivan & Company, P.C.  November 2012
 
QuickBooks is Great for Year End Tax Planning, but ....
 
Are you getting the most from your
QuickBooks software? 

QuickBooks is a terrific software package for reconciling end of year statements and tax planning. But a software package doesn't fully know the ins and outs of your unique business. Sometimes it's helpful to sit down with someone who understands your frustration when problems arise. We can help you maximize QuickBooks software for very specific operations, such as...

 
 
Home Office Deductions

 

Whether you are self-employed or an employee, if you use a portion of your home for business, you may be able to take a home office deduction.  Here are six things the IRS wants you to know about the Home Office deduction

 

1. Generally, in order to claim a business deduction for your home, you must use part of your home exclusively and regularly:

  • as your principal place of business, or  
  • as a place to meet or deal with patients, clients or customers in the normal course of your business, or  
  • in any connection with your trade or business where the business portion of your home is a separate structure not attached to your home.

 

Linda Smith and Maureen Sullivan
 
Questions?

Call us at 508.871.7178

or email: [email protected] 

or go to: www.smithsullivancpa.com  

 

At Smith, Sullivan & Company, PC, our dedicated professionals listen to your auditing and accounting, tax preparation, and small business questions. We provide personalized solutions to you and your family, your business or nonprofit, all at a reasonable price.

 

Our accounting team has extensive experience. We understand your frustration when you tell us that you've paid top dollar for accounting services - only to learn that there's a junior-level person working on your engagement. Or, that it's mid-March and your accountant isn't returning emails or phone calls because your files have been put on the back burner so that they can focus on the tax return crunch. At Smith, Sullivan & Company, PC we only send senior-level accountants into the field and they remain accessible to you throughout the year. A dedicated team is assigned year-round specifically to our nonprofit clients, so that deadlines are met on time and your questions are never ignored.

 

Established in 1993, Smith, Sullivan & Company, PC is for you if you value communication, one-on-one attention, and "hands-on" expertise from experienced senior-level accountants. Whether you have a project to bid on now, or in the near future, contact us to schedule an introductory meeting, we'd love to meet you!   

 

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