Sunday, December 28, 2008

Guide to Proving Your Deductions

If you have a small business, you should soon be receiving a guide in the mail from our office on how to make sure you can prove your business deductions. The IRS is accelerating its audit and collection activities, and we want to make sure you're **bulletproof** in case your return is ever targeted. The federal government is going to need more and more money to pay for all these RIDICULOUS bailouts, so read this guide and put on your vest! (If for some reason you don't receive your guide, call and ask for a copy. We'll be happy to email you another.)

Merry Christmas and Happy New Year!

Merry Christmas and Happy New Year! Henry and I have had a wonderful time celebrating Christmas with both our families, and we're looking forward to spending a little time with some friends before the new year gets here and our lives get totally crazy again. We both hope you've had a wonderful time celebrating with your family, too, and we wish you a blessed new year.

Thursday, December 11, 2008

Thanksgiving message - just in case you missed it...

Here's the Thanksgiving message we sent out recently. It has come to our attention that a few of our cards were delivered with postage due in error. We hope this only happened with the few cards we already know about. If it happened to you, though, please let us know.


Happy Thanksgiving!

It’s that time of year to stop and give thanks and when I count my blessings, I count you TWICE. Not only am I thankful that you let me be your CPA and one of your trusted advisors, I’m also thankful that you let me be your friend. As we move into more and more uncertain times, I’ll be here for you to help you navigate the changes ahead, weather this economic storm, and keep as much of what you make as you possibly can.

Family update: We have lots of exciting things going on in our family this year. My daughter, Jessica, signed a lease on her first apartment about a week ago and then got official word a few days later that she’s been accepted to A&M. She’ll be moving just in time to get settled in good before my sister, who lives in that area, is expecting her third child. And speaking of babies, two of Henry’s daughters had their first children earlier this year: welcome Avery McGraw and Isaac Hommel!

Staffing update: If you haven’t been by the office lately, you’ll see a few changes the next time you’re in. Henry is now sharing an office with us, and we said a sad goodbye to Evelyn at the end of May. Rana Walton then joined us in mid-August. Rana is a junior at UT Tyler studying accounting, and Lynn and I are excited to have her as part of our team. And, of course, Lynn is still keeping us all on track!

Keeping up with changes: We expect to see tax and other changes coming at us quickly, so we’ve started a blog to keep you more up-to-date. Please visit often for the latest information and tips. You can find it at www.dennardcpa.blogspot.com or by clicking on the blog link from our website at www.cdennard.com.

Bulletproof your business deductions: As government programs require more and more money (especially that $700 billion “mortgage” Congress just signed your name to), we expect the IRS to step up its audit efforts accordingly. To help you make sure your deductions are “bulletproof”, we’re preparing a guide that explains exactly what documentation you’ll need in case your return is audited. The guide will be ready mid-December, so be sure to call and get your copy.

Tax season filing deadlines and preparation fee update: To make sure we have adequate time to prepare your tax return accurately and take advantage of all the tax-saving opportunities available to you, we MUST have your tax info no later than February 28 to prepare your corporate return by the original due date and no later than March 31 to prepare your individual return by the original due date. We’ll file an extension for you if you’re not able to get us your info by those dates. Also effective 1/1/09, our new tax preparation hourly rate will be the market rate of $250 per hour. However, if you bring us the info we need to get your tax return finished by the original due date OR your extended corporate return finished no later than 8/31 and your extended individual return no later than 9/30, we will reward you with a 50% discount off that rate. (Please allow 2 weeks preparation time on all returns.)