ROSYAN BOOKKEEPING SERVICES -  Your affordable Bookkeeping & Consultancy Services.
RSS

Recent Posts

IT'S TAX SEASON.
W-2 AND FORM 1099 FILING DEADLINE IS JANUARY 31ST 2019.
BEWARE OF GIFT CARD SCAMS.
PGCC Career & Internship Fair
RENEW YOUR ITINS.

Categories

1099 filing
1099 Tax Filing
1099filing
2014 standard mileage rates
2014 Tax Returns
2015 Tax Filing Season
2015 Tax Returns
2016 tax
2016 Tax Filing
2016 tax filing season
2016 tax returns
2017 tax filing
2017 Tax Filing Season
2017 Tax Returns
2017taxes
2017TaxSeason
2018 Tax Season
2018taxes
2018taxreturns
2019taxreturns
2019taxseason
401K Contribution Limits
401K Retirement
Account Setup
accounting
Accounts Payables
Accounts Receivables
Balance Sheet
Balance Sheet Reporting
bookkeeping
bookkeeping,Tax Returns,QuickBooks,Bank Reconciliations,bookkeeping services,small business
Budgeting,Accounting,Business Planning
Business Budgeting
Business Expenses
Business forecasting
Business profit
careerdevelopment
Cash flow
Cash flows
Chipcards
credit card expense
Credit Card Rules
EMV
entrepreneur
Finance Management
Financial Position
Fraud
giftcard fraud
giftcards
Health Insurance credits
Intuit
Intuit Road Show
Inventory
IRA
IRS
ITIN Number
ITINs
Law of Money
lower your taxbill
Money Perspective
New Credit Card Rules
New Year Resolutions
New Yer Planning
Online Banking
Online Fraud
passion
Payroll
Personal development
Personal Finances
proadvisors
profit
profit forecast
profit making
quickbooks
QuickBooks Review
QuickBooks Setup
QuickBooks Software
QuickBooks Support
QuickBooks Training
QuickBooks,Small Business Bookkeeping,Bookkeepers rates,business decisions
quickbooksproadvisors
quickbookstraining
Small Business Setup
Spending Wisely
Tax Bill
Tax Deductions
Tax Filing
Tax ID
Tax Preparation
tax refunds
Tax Returns
tax season
taxes
taxes2017duedate
taxreturns
taxseason
Tracking your expenses
w-2
w-2s
Wealth Management
Year End
youthempowerment
powered by

My Blog

bookkeeping,Tax Returns,QuickBooks,Bank Reconciliations,bookkeeping services,small business

RENEW YOUR ITINS.























More than 2 Million Individual Tax Payer Identification Numbers( ITINs) are set to expire at the end of 2018.

* Tax Payers whose ITIN is expiring and needs to file a Tax Return in 2019 must submit a Renewal Application.

* ITINs that are affected are the ones with the middle digits 73,74,75, 76, 77, 81 or 82. ( For Example: 9NN-73-NNNN) needs to be renewed even if the Tax Payer has used it in the last 3 Years. 

*ITINS with middle digits of 70,71,72,78,79 or 80 have previously expired. Tax Payers with these ITINs can still renew at anytime.

Filing Season Starts Monday, January 23rd 2017.

               
The IRS will begin accepting 2016 Returns and processing Paper Ones on January 23,2017. The Closer you are to the front of the line, the safer your refund will be. So What Do you Need to Do?

*Start collecting your Tax information- Your W-2s, Mortgage Interest Statements and 1099s as soon as it begins arriving in the Mail.
* Pull Together Receipts and Other Information on your itemized deductions as soon as possible.
* Once you have everything you need, Schedule Time with your Accountant, Bookkeeper, Enrolled Agent or Tax Preparer.

NEW W-2 DEADLINE IN 2017; Business Owners & Employers Take Note.

If you're a Business Owner, Be sure to Draw a Big Red Circle around the date January 31, 2017, on your Calendar; This is the new Due Date for filing Forms W-2 with the Tax Authorities.
 
In an effort to combat Fraud, The Protecting Americans from Tax Hikes (PATH) Act of 2015 was passed by Congress and signed last December. With this New Act, Employers and Small Businesses have January 31st Filing Deadline to submit Forms W-2 and W-3 to the Social Security Administration (Whether you file using Paper Forms or electronically).

How to Avoid Online Fraud.


The Warmer Weather has finally arrived; soon it will be summer. Most Business Owners let down their guard, let go on Vacations and have Fun. Coincidentally, it's also a time that Online Scammers and Hackers get active and keep their eyes looking for Accounts to hack and tamper the unfortunate company Account Holders.

Our Discussion today focuses on an area that is passionate to my heart. As a matter of fact, I look forward to a day, that every company will be devoid of fraud. Technology has given fraudsters an edge in recent years, and we see a lot of fraudulent activities and online attacks on most Business Account.

Have you Filed your Taxes Yet?


 It's the month of April and We're counting down to the final days of Tax Time. Have you filed your Taxes yet? Do you know that you have a few days left, to file your Taxes?  Here are some quick ideas, to help you organize and get your documents ready for Tax Filing:

  • Organize All your Income Statements -Get all your W-2s, 1099s , 1098s and 1095- A's( I spoke about this document in my earlier blog). Make a Checklist to ensure that none of these document is missing.

  • Organize your Auto Log -

5 Strategies Of Turning your Profits into "Cash"

  
The Holidays are here and it's time to ensure that we have some cash tucked somewhere for the Holiday Shopping, Gifts, Christmas Parties, as well as Year-end Savings.
In our last Newsletter, we uncovered the myth of profits, and learnt that, understanding how transactions occur in our business and its effect on our financial statement is key to managing our profits. Please feel free to refer to our last newsletter for the full details. This Month, We will be looking at 5 strategies of turning our Profits into "Cash":

Where did my Profit go?

  -Understanding the Myth of Profits.

  As a Business Owner, Have you ever wondered why you cannot seem to get hold of your profit? Most Business Owners ask the question....." I see that I made a Net Profit of $XXX, but where is it? ".We have been looking at the topic of profit making, and this topic is a great mystery in Businesses.
  We agree that making Profit is a good thing and a negative profit (Loss) is not a good one; however, the mind game begins when there is profit, but no money in the Checking account.

Setting up the Right Accounting System for your Business.


Setting up the Right Accounting System for your Business.
  
Every Business needs a good Business Accounting System to increase their Business' chance for success. When Starting a Business, the first focus should be on building systems and processes, that allow us to accurately capture as much data as possible, from the setup process; It is important to remember that this process helps us to learn about our businesses and enhances our decision making, as well as giving us a better idea, of what is going on in our Business.

Tips for Managing Your Business Cash Flow.


 It's already the eighth month of the Year, We are gradually getting to the end of the year, and soon it will be time for Year End Reports. In our last Newsletter, We discussed the concept of Cash Flow and how it affects our Business Operations; this month, we will be looking at tips to manage our Business Cash Flow.

  Being in Business for yourself is like being an Air traffic controller, especially in the area of cash flow management ; You can imagine trying to control 100 Airplanes landing simultaneously on two runways; this can be an upheaval task, but we regularly see clients line up their monthly bills, their projected income, business projects and business expenses and try to combine all these activities, at the same time, trying to ensure a steady cash flow into the business; you can imagine, the projected outcome, if all these activities are not properly coordinated.

Understanding Your Cashflow



 Welcome to the month of July. We are done with the first half of the year and started the countdown to the remaining half of the year.

Our Newsletter for this month is on an integral part of every business; an area that is generally misunderstood by most business owners, but interestingly plays an important role in every organization. Have you taken time to look at your Cash flow Statement? Can you tell where Funds are disbursed in your Business? Do you understand the effect of your Spendings?