Archive for 'Jay Kossen'

New Due date for 2010 Individual Income Tax Returns

Normally the due date to file an individual income tax return for calendar year end taxpayers without an extension is April 15th.However the date will be April 18th next year, even though April 15th falls on a Friday in 2011. To find out the reasons why you are getting an extra three days you can [...]

EFTPS Phishing Emails

In the last two months we have a seen a significant number of our clients calling and asking us questions regarding emails that they have received for tax payments that have been rejected. Please be advised that the IRS does not send emails to taxpayers. All of these emails are phising scams and should be [...]

Could Your Net Payroll Check Shrink Even If Congress Votes To Extend Tax Cuts?

While this seems like an oxymoron this very well could happen. Congress has decided that their jobs are more important than your household budget and has decided to delay voting on extending any part of the Bush tax cuts until after the November elections. The only problem with delaying the vote until late November or [...]

Problem Employees

Julie Rains has an excellent quote in her article titled Dealing With Problem Employees: The Basics of Progressive Discipline. “Given the choice to safeguard the future of your company or protect the needs of a problem employee, you’ll choose your business.” The question is would you? Here are some reasons why you shouldn’t have to [...]

Ways to Generate Leads

Ivana Taylor wrote a very good article on how to generate leads titled “7 Easy, Low Cost Ways to Generate Leads and Keep Customers”. Her article provides a detail list on 7 ways to generate leads. I find that item 4 is one that few people are comfortable in doing because it requires you to [...]

Finding The Right Accountant

There is a great quote in an article title “Accountant 101: Finding the Right Match” by Tom Harnish. “Do you want to eat well or sleep well?” In this economic environment most business want to cut costs (“eat well”) versus investing additional dollars in professional services. However a great certified public accountant will not only [...]

Can Your Business Survive In The New Normal?

What have you done to ensure the survivability of your business? Have you made the tough calls like removing underperforming employees that are dragging your business down? Have you cut your costs, paid down debt in order to make your company a more attractive candidate for bank financing should you need it? The North Bay [...]

Michigan’s Wind Industry

Did you know that the state of Michigan has been the fastest growing wind manufacturing region in the nation over the last two years? You probably were unaware of this good news since it has been lost in the media’s coverage of doom and gloom for the Michigan economy. The American Wind Energy Association (AWEA) [...]

Obama Care Provisions Effective 2011

Here are some of the major provisions that will affect most taxpayers starting in 2011: Employers will be required to report the value of your health insurance coverage on your W-2. What does this mean to you? Well technically nothing since insurance coverage won’t be subject to an excise tax until 2018. Furthermore the excise [...]

What To Do If You Receive An IRS Notice

The most important thing is that you do not panic or ignore the notice. Most of these notices are for simple things like mathematical errors or even for items that you missed on your return that now may result in a favorable outcome to you. The IRS has an excellent list of things you should [...]