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Hi
There,
You
are going to love this-
Sum
of All Numbers is the premier trusted bookkeeping firm of the Bay Area
and we are so excited to share a new way we will serve our
clients even better in the years to come.
This
year, in October, the Sum of All Numbers family
grew by welcoming the clients and employees from King &
Associates in a friendly merger. This means
more highly trained staff to cover your needs and a more
rounded out Bay Area presence so your bookkeepers stay close to home and
close to you.
This
month’s letter provides helpful tips on wrapping up the year
and keeping your information protected from scams as we head into the
busy holiday season.
Please
give us a call to talk about anything in
the letter or something you are dealing with in your business.
We offer complimentary
consultations to new clients looking to get organized
before the year comes to a close.
Sincerely,
Holly DeVito
Sum of All
Numbers
Understanding
Tax Terminology
No matter what
the season or your unique circumstances, when it comes to your taxes,
planning usually pays off in a lower tax bill. It can be difficult to
understand tax strategies if you are not familiar with the terminologies
used in taxation. The following provides you with the basic details
associated with the most frequently encountered tax terms.
Don't Get
Scammed, They Are Very Clever
While you are
thinking about the start of the football season, your children's soccer
games, and the not-too-distant holiday season, the scammers are out there
figuring ways to dupe you out of your money. They become very active
towards the end of the year and during tax season.
Make the Most of
Your Deductions
As you plan for
your tax year, keep in mind that you benefit from itemizing your tax
deductions if they exceed the standard deduction, and sometimes when you
are subject to the alternative minimum tax (AMT), it is beneficial to
itemize even if the result is less than the standard deduction. The
following is a run-down on itemizing your deductions
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