Oct. 2015 

It All Add$ Up Bookkeeping and Tax Tips
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You work hard for your money!  That's why this issue is all about helping you keep more of it in your piggy bank.  First, with the end of year quickly approaching, be sure to spend your entire FSA Medical Spending Account before year's end. There's no benefit in losing it to the IRS. If you're not currently participating in a plan, see if you can participate in a plan for 2016.

Running a business takes time, money and perseverance.  Be sure to read our second article about the benefits of Xero, an online accounting software product, to see if this product is for you.  Many business owners and individuals like Xero for its ease of use, lower cost structure and time saving advantages. If you have questions on any of this content, give us a call at 724-359-5022. 
FSA MEDICAL SPENDING ACCOUNT
FSA Savings
Use your FSA funds before year end!
It's getting to be that time of the year.  A time where flexible spending accounts for medical expenditures that are taken pre-tax will need to be spent, or in many cases forfeited by the end of the year.   Why not take a few minutes to check your balance in your account?  If you've had a really healthy year and an excess balance - CONGRATULATIONS!  You may have some monies that you need to spend on such things as eye glasses, contact lenses, or prescription sun glasses.  

Since many employers are presenting their health care benefit for 2016, now may be the time to review your health spending history and how FSA's and HSA's can play a role in pre-tax planning.  See what guidelines the IRS has issued for these plans.
XERO CERTIFIED MEANS SOMETHING!
Xero Certification
Xero - a cost saving bookkeeping alternative
No - it's not a play on words - Xero Certified means that the staff at Paxton Bookkeeping and Tax services are certified in XERO online accounting software.  An alternative to QuickBooks online, Xero's target users are small businesses, meeting their needs to run the day-to-day operations across multiple industries.

Xero's cloud application currently serves the accounting needs of some 370,000 companies worldwide and numerous individual users. The customer feedback and reviews found on the web about Xero are positively overwhelming.

See the top three reasons people are giving for switching from QuickBooks to Xero and how it can affect your bottom line.

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