Article from Investors Business Daily:
Sharp Decline in Heaviest Trade Marks Time to Sell Winning Stock
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Final Filing Deadline Reminder
If you need to file a Form 1040 (individual return), the deadline to file is October 15, 2014. This assumes you had filed for an extension prior to April 15, 2014. You also have until October 15, 2014 to fund a SEP-IRA for tax year 2013.
As a reminder, putting your tax returns on extension can be a good thing – but penalties to miss the extension deadline can be steep, up to 25% penalty of taxes owed, so make sure that you make the October 15th deadline.
Give us a call if you need help meeting your deadline.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Article from Investors Business Daily:
IRA Rollovers: Tighter New Rules
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Article from Dow Jones News Services:
Timing Matters for IRA Withdrawals
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Final Filing Deadline Reminder
If you need to file a Form 1065 (partnership return), Form 1120S (S corporation return) or Form 1041 (fiduciary return), the deadline to file your 2013 return is September 15, 2014. This assumes you had filed for an extension prior to April 15, 2014.
If you put your personal tax return on extension (Form 1040), you still have until October 15, 2014 to timely file your 2013 return.
As a reminder, putting your tax returns on extension can be a good thing—but penalties to miss the extension deadline can be steep.
Give us a call if you need help meeting your deadlines.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Our new website launched earlier this year-
At our new website, our clients have new resources and benefits, including:
1. A new safe and secure client portal where our clients can complimentarily access their stored company or individual tax returns and client tax organizers, anytime or from anywhere.
2. The ability to exchange information with us electronically through safe and secure file exchange (i.e., Quickbooks files, scanned tax documents, pdf files, etc).
3. In our Client Center, business clients can have your Quickbooks securely online so that you or we can go into your company’s books to help you or your staff at anytime.
4. In our Client Center, we can connect with you and your computer through our Remote Support feature and take control of your computer to help solve problems you may be having.
5. In our Resource Center, you can utilize lots of financial calculators/tools for financial planning for you, your children, or grandchildren to help keep and/or develop a solid financial future.
If you are a current client of our firm, you received information on how to log into your account via an email.
If you know of a company or person we can help, referrals are always appreciated.
In our 32nd year, we want to thank all of our great clients and friends of the firm for their business and support and hope you enjoy these new resources and benefits as a client of our firm.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
We would like to take the time to wish everyone a safe and happy Labor Day!
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
This is the time of year in our CPA practice that I work with small business owners and individuals to perform tax checkups to help them project their tax liabilities for 2014 and make tax saving recommendations of moves they can make between now and year-end. Frequently, just defining the amount of taxes they owe via these planning services helps manage their cash flow so the businesses and individuals don’t have a big amount due and/or surprise each Spring when they prepare their tax returns.
Coming up September 15, 2014 is the date in which the 3rd installment for individuals that have income that is not taxed and withheld (like W-2 income) is due.
Self employed businesses, e.g. Proprietor Schedule C filers, folks that own S Corporations, Partnerships, LLCs, or other flow-through entities must estimate their unpaid income and/or self-employment taxes for the period January 1-August 31, 2014 and pay ½ of this amount to IRS and/or NC Dept of Revenue on September 15, 2014 and the other ½ of this amount on or before January 15, 2015. (April 15th and June 15th of each year are also Quarterly Estimated Tax Payment dates that have also passed by if you weren’t aware)
The rules for estimated tax payments depend on your modified adjusted gross income for 2014. “Safety” estimates can be designed to avoid penalties and interest, optimize cash flow, and save taxes.
Please give us a call to help you save taxes in 2014.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
Final Filing Deadline Reminder
If you need to file a Form 1065 (partnership return), Form 1120S (S corporation return) or Form 1041 (fiduciary return), the deadline to file your 2013 return is September 15, 2014. This assumes you had filed for an extension prior to April 15, 2014.
If you put your personal tax return on extension (Form 1040), you still have until October 15, 2014 to timely file your 2013 return.
As a reminder, putting your tax returns on extension can be a good thing—but penalties to miss the extension deadline can be steep.
Give us a call if you need help meeting your deadlines.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
I’d like to share with you a cost savings tip that some insurance companies auto policies offer: The Accident Forgiveness and/or Violation/Ticket Forgiveness Rider. If you have this on your auto policy, it could save you hundreds or thousands of dollars! (it costs me very little)
Here’s how it works:
If you have this rider on your policy and you or someone in your family has an accident or ticket, your insurance company will “forgive” you one time and not increase your rates. Some insurance companies have an accident forgiveness rider only and not ticket forgiveness, so be sure to ask questions and understand the details of what you are buying.
Call and ask your auto insurance agent or insurance company if they offer this insurance rider that could save you thousands.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.
taxandmoneyblog.com 