I hope you all had a great Thanksgiving and are enjoying the holidays. It's year end and there are some preparations that need to be done to make sure you are ready for 2013. One of the CFOs we work with, Betty Kayton, has put together a checklist of everything that needs to happen both BEFORE year end and after the year is done. Sum of All Numbers will be happy to help you with the list. If you would like a copy of it, please email info@sumofallnumbers.com. The Sum of All Numbers office will be closed from December 24-January 2. Have a very Merry Christmas and Happy Holidays. We'll see you in 2013! Sincerely, Holly DeVito Sum of All Numbers
Are You Required to File 1099s?
If
you use independent contractors to perform services for your business and you
pay them $600 or more for the year, you are required to issue them a Form
1099-MISC after the end of the year to avoid facing the loss of the deduction
for their labor and expenses. The 1099s for 2012 must be provided to the
independent contractor no later than January 31 of 2013. (Read More)
Are We Headed for a Fiscal Cliff?
For
several years now, Congress has left the taxpaying public hanging to the last
minute with tax changes and extensions. And each year, the political gridlock
seems to get worse, leaving taxpayers pondering how to plan their finances
and businesses undecided about capital investments and hiring new employees,
not knowing what the tax laws will bring in the next year. (Read More)
Say Good-Bye to 2012 and Ready QuickBooks for 2013
We
hope you’ll be ringing out a successful financial year at month’s end. In any
case, here’s what you should know about preparing for 2013. (Read More)
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Circular 230 Disclosure, United States Treasury regulations effective June 21, 2005 require us to notify you that to the extent of this communication, or any of its attachments, contains or constitutes advice regarding any U.S. Federal tax issue, such advice is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that can be imposed by the Internal Revenue Service. |
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Sum of All Numbers •
38474 Canyon Heights Dr • Fremont, CA 94536
Phone: (888) 564-5777 • Fax: (888) 909-3777 |
Tuesday, December 11, 2012
Sum of all numbers newletter
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