In This Issue
Tips to Organizing Business Receipts
Business Deductions
Education Deductions
Welcome Homemaker Home Health Aide Service
Client Testimonial - ProFromGo
Lauri Paxton
Lauri Paxton

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Not All Receipts are Deductions


If your receipts aren't adding up or you have questions on year end deductions, capital equipment purchases or need to get caught up on your bookkeeping for year-end, contact us at
(724) 359-5022.

 
It All Add$ Up February News
Greetings!

Tax Season is here!
 
In this February Newsletter you will find tax deduction tips to assist you in the rush of the yearly tax season. 

BUSINESS DEDUCTION GUIDELINES   

Building relationships through business entertainment is necessary. But, business owners should be aware as to the types of expenses that can be deducted and how to document those deductions. The IRS is clear on its rules for deductions for meals and entertainment. Although expenses for these types of activities can be deducted, it is also important to monitor these costs with the return on investment in mind. Without these checks and balances client entertainment can greatly impact your bottom line.  Click here to read more... 
EDUCATION DEDUCTIONS WILL HAVE TO WAIT                   

The American Opportunity Tax Credit is a refundable tax credit for undergraduate college education expenses. This credit provides up to $2,500 in tax credits on the first $4,000 of qualifying educational expenses. The credit can be claimed by individuals or their dependents if the student is enrolled part or full time in post-secondary education. This credit is available for the first four years of post-secondary education.  Click here to read more... 
WELCOME TO THE PAXTON BOOKKEEPING FAMILY 

We would like to welcome our newest client, Homemaker Home Health Aide Service of Beaver County, Inc. As a private non-profit, community-based United Way agency; they provide home care, respite care, homemaker and companion services, as well as 24-hour care to the elderly, disabled, convalescing or terminally ill in Beaver County.

CLIENT TESTIMONIAL 

Chris Vendilli, Founder|ProFromGo Internet Marketing  

 

Lauri Paxton with Paxton Bookkeeping and Tax Services has worked with ProFromGo for a number of months. They are extremely organized and well prepared for our monthly reviews of my financial statements and reports.

 

These monthly reviews allow me to accurately monitor my cash flow. The updated client billing information provides me the information to stay abreast of accounts payable and accounts receivable to enable me to run my business and make sound financial decisions.

 

This results in peace of mind for me as a business owner. I rely on Paxton Bookkeeping to for all my bookkeeping needs. From filing quarterly returns and estimates to balancing bank and credit card statements, Paxton Bookkeeping takes care of everything; so I can do what I do best....provide internet marketing services for my clients. 

I hope you find these tax tips helpful.  If you have a topic you would like addressed, drop me a line.

 

Sincerely,
 Lauri

Lauri Paxton 
Paxton Bookkeeping and Tax Services