By meskesen April 05, 2014
Fails to provide competent professional services and to safeguard against unauthorized disclosures of taxpayer information. ...read more
By Chair Caning & Wicker Repair January 10, 2014
Thank you for connecting with Chair Caning & Wicker Repair www.chaircaning.webs.com 704-235-8171, it is a pleasure having you in our network. We wish your business to have continued growth and success.Giving your company 5 stars and other "compliments" to your Circle site for your kindness. ...read more
By gore1 November 25, 2013
I own a business and use this firm for planning and tax purposes. The value and service I receive exceeds my expectations. ...read more
Often times I am asked what is needed to prepare taxes. Here is a list of basic documents needed to get started with a new client: 1.) Last years tax return 2.) All W-2s if an employee 3.) All 1099s for interest, dividends, contract income, etc. 4.) All 1098s for interest paid. 5.) SS#s or ITINs 6.) A list of income and expenses for business along with details of the type of business, etc. 7.) Investment statements with transaction details 8.) A list of charities with dates, values and a description of what was given. This list is not meant to be all inclusive and varies based upon client activity. If you have tax questions, contact us at: www.masonkranglecpa.com ...read more
By Krangle Mason J CPA, PFS, MBA, ChFC, CGMA November 19, 2013
Here are a few strategies to help you reduce your business taxes. 1.) Put your spouse on the payroll. You can deduct the wages paid to your spouse and keep the "money" in the family. 2.) Buy equipment or other assets that can be fully depreciated the same year they are placed into service. For some assets you can take what is called a 179 deduction, which allows you to depreciate an asset 100% the first year it is placed into service. 3.) Set-up a retirement plan for your business and make contributions that are not taxable. Small business owners should become familiar with the various retirement plans available. 4.) Set-up a home office that qualifies for the home deduction. If qualified, a business can take a home office deduction and write-off such expenses as: insurance, utilities, improvements, etc. For additional information on small business tax deductions and other related issues, feel free to contact us at: www,masonkranglecpa.com Sign-up for our free financial newsletters at our website. ...read more
By Krangle Mason J CPA, PFS, MBA, ChFC, CGMA October 01, 2013
Most business owners just starting can begin with a simple spreadsheet to record transactions, but as the business becomes more complex and the number of transactions increase, it’s time for a more sophisticated system of recordkeeping. Before purchasing an accounting software or hiring someone to do the recordkeeping for your business, consider the following: 1. Make sure you understand the “basics” of bookkeeping and how your system of recordkeeping operates. 2. Understand what internal controls are and how to implement them to protect your “assets.” 3. Appreciate the need to understand what your financial statements mean. Whether you use a basic or sophisticated system of recordkeeping, it is imperative that you take an active role in the management of the system. If you have questions concerning your accounting or bookkeeping needs, contact us today for a free consultation. www.masonkranglecpa.com ...read more
By Krangle Mason J CPA, PFS, MBA, ChFC, CGMA August 29, 2013
Payroll accountants are responsible for tracking the expenditure of money and assets through a company. Their job is to help companies track their income and maintain a timely payment record for expenses and bills. If you are interested in becoming a payroll accountant, you will have to be... ...read more
Computer files can sometimes be deleted by accident, get lost or damaged. This could be a potential nightmare, especially if these are small business accounting files. You have peace of mind by knowing how to use the "Backup and Restore" function in Microsoft Small Business Accounting. With a few keys... ...read more
