Our Quickbooks and Excel seminar on June 12th was totally sold out (so to speak, since it was free) so we’ve decided to do it again to accommodate the folks who couldn’t get in last time. This time, we’ll be talking about Quickbooks exclusively, so that you can a solid overview of the fastest growing accounting system in the world — and get your more advanced questions and issues answered as well.

Are you new to using Quickbooks, or curious about how it can help you organize your business finances? Do you need more information about how to solve a Quickbooks problem, or how to use an area of the program you just haven’t gotten your arms around yet?

Denny & Company, LLP is offering a free, three hour seminar at our offices in Valencia on June 30, 2008, from 9 am to 12 noon.

Call Lisa Starr at 661-286-8860 or email her at lisa.starr@dennyllp.com to reserve your spot. Seating is limited, so call today!

Times are tough, and like everyone else, you are trying to save more and spend less. The problem is, you’ve tried that before, only to see your spending inevitably drift back up. So here’s a radical proposal: Stop using credit cards.

Homeowners often don’t take time to reassess home-insurance coverage when it’s time to pay the premium. But with many Americans looking for ways to save a buck these days, examining that paperwork could pay off.While raising the deductible is often an easy way to reduce premium costs, it isn’t the only way. Discounts in the form of credits are also available for many homeowners.

“Credits can really add up and become substantial,” says Pete Spicer, vice president and new product manager for Warren, N.J.-based Chubb Group of Insurance Companies.

A renovated-house credit, for example, is available through Chubb for homes that have been renovated in the last 10 years. Those eligible to take advantage of that credit may shave off as much as 10% of their premium if the renovation occurred in the last year…

Are you new to using Quickbooks, or curious about how it can help you organize your business finances? Are you confused by Microsoft Excel or just need to learn more about this powerful software?

Denny & Company, LLP, and A BrightStar Consulting are offering a free, three hour seminar at our offices in Valencia on June 12, 2008, from 9 am to 12 noon.

Call Lisa Starr at 661-286-8860 or email her at lisa.starr@dennyllp.com to reserve your spot. Seating is limited, so call today!

No worries, just file an amended return (1040x). This is a perfectly normal thing to do, and could save you money, or correct a problem that the IRS will find anyhow.

Let’s say you forgot to report a W2 — it’s no problem to file 1040X and report that income and withheld tax — you may get a bigger refund. However, if you don’t file an amended return, rest assured that the IRS will catch the error via their computers — and you’ll get a letter from them with the corrections.

For more information on filing amended returns, see this article, or call us at Denny & Company.

Washington, D.C. (March 18, 2008)
By WebCPA staff

The Internal Revenue Service said it would begin sending out more than 130 million economic stimulus payments in weekly installments starting May 2, with the distribution schedule based on the last two digits of the recipient’s Social Security number.

The initial recipients will be those whose Social Security numbers end between 00 and 20, and who have elected to receive their tax refunds by direct deposit. For those who don’t use direct deposit, paper checks will be sent starting May 16.

See the rest of the article here 

According to the AP:

WASHINGTON - Don’t be alarmed. More than 130 million households will get letters from the Internal Revenue Service beginning next week and the news is good.

The letters are part of an effort to ensure people do not miss out if they are eligible for a tax rebate check under the recently passed $168 billion economic aide plan.

The IRS is reminding people to file a 2007 tax return so they will receive the payment.

Treasury Secretary Henry Paulson said his department and the IRS would work hard to get the word out. “For the majority of Americans, all they will need to do is file a tax return,” Paulson said in a statement.

He said the IRS would work with the Veterans Affairs Department, the Social Security Administration and private groups such as AARP to “reach those who do not normally file a return and ensure they know how to get their stimulus payment this year.”

AOL-Money & Finance has a nice little quiz to query your knowledge of tax deductions. You might be surprised at some of them.

For even better help with maximizing your deductions and minimizing your taxable income, call the experts at Denny & Company, LLP.

We make life less taxing.

In a recent article on MSN Money, Jeff Schnepper lists ten common tax mistakes people make, and how to avoid them. One really good way to avoid them, and relieve the stress of preparing your taxes, is to have Denny & Company, LLP, prepare your taxes for you.

His top ten list:

1. Claiming the wrong filing status

2. Omitting or using the wrong Social Security numbers

3. Failing to use the correct forms and schedules

4.  Failing to sign and date the return

5. Claiming ineligible dependents

6. Misusing or not using the earned income credit

7. Losing receipts

8. Failing to report domestic workers

9. Failing to report all income

10. Failing to check for the alternative minimum tax

Follow the link above to see a further explanation of these common mistakes, or give us a call at Denny & Company, LLP (661)286-8860.

We make life less taxing.

There’s an interesting (and in my opinion very thoughtful) take on the question of whether you should bail out of the stock market at Motley Fool. For more information on how you should proceed in these turbulent economic times (or are they?) give us a call.