February 2012 CPA eNewsletter

E-CPA – February 2012

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar

3. Free Answers to Your Tax Questions

4. Vacation Planning 101

5. What Is the Kiddie Tax?

6. Podcast: How to Get the Most for Your Auto Deduction

7. Keeping Your Small Business Finances in Order

8. Tax Tips for Military Personnel

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1. WARHAFTIG & ASSOCIATES, CPA UPDATE.

Please remember, if you are in need of any financial and/or tax advice during the course of the year, feel free to call to make an appointment.

It is that time a year again…over the next few weeks, you will be receiving a number of tax documents in the mail for you to prepare your tax returns. Other than tax statements from stock and mutual fund companies, all other tax documents must be placed in the mail no later than January 31, 2012. Remember to wait until you have received everything before calling for an appointment. If you are unsure of what you had last year, please feel free to call.

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2. IMPORTANT DATES – MARK YOUR CALENDAR

You can make an appointment for preparing your taxes by e-mailing or calling. If you do not have time to stop by, you can simply drop off your taxes and we will call you back with questions, concerns, and the results.

Did you have a “side job” during the course of the year? If so, you might owe taxes come tax season…find out if you need to make an estimated tax payment remember that they are due on January 15th. Also, if you paid someone more than $600 during the course of the year for your business, you will need to send them a 1099-MISC. If you need assistance in preparing this, please feel free to call. These must be sent out prior to January 31, 2012.

Moving from one job to another, do you want to move your 401k but need some advice on how to move it, or even where to move it to, call for a consultation.

Please call if you have any questions or concerns.

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3. Free Answers to Your Tax Questions

The AMT; Form 1040EZ; W-2s; 1099s. How do you make sense of these tax forms and associated jargon to calculate your refund or – gulp – what you owe Uncle Sam?

Now through March 31, CPA experts are on hand to answer your personal income tax filing questions.

http://moneymattersnj.com/resources/asktheexperts.cfm

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4. Vacation Planning 101

The calendar says it’s winter, but many of us are dreaming of spring break or summer excursions. Have you been surfing the Internet for that next great trip idea or deal?

Travel doesn’t have to break the bank; there are ways to save while having an adventure and creating memories.

http://www.moneymattersnj.com/story.cfm?SID=15561

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5. What Is the Kiddie Tax?

We all know that everyone has to file a tax return and pay their taxes, but does that apply to children, too? Many people may have heard of what is often referred to as the kiddie tax.

Find out who is subject to it and what it may mean for your family’s tax planning.

http://www.moneymattersnj.com/story.cfm?sid=15563

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6. Podcast: How to Get the Most for Your Auto Deduction

Wondering if you can deduct any auto-related expenses this year? Find out when parking, tolls and/or mileage can qualify as deductible expenses.

http://www.moneymattersnj.com/story.cfm?sid=15568

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7. Keeping Your Small Business Finances in Order

Smart financial management plays a critical role in a business’ success or failure, and it doesn’t have to be complicated. Any small business owner can develop a sound plan.

Here are the experts’ top tips for success.

http://www.moneymattersnj.com/story.cfm?SID=15560

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8. Tax Tips for Military Personnel

Are you or a loved one serving in the military? If so, you should be aware that there are many tax laws designed to make it easier to meet your tax obligations while serving your country.

http://moneymattersnj.com/story.cfm?sid=15562

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