Compliance Services or Similar company

There is no legal reason for you to pay Compliance Services, Inc. or any similar companies to prepare minutes for your corporation. Basically this company is just taking advantage of unsuspecting people by sending them what looks like a legal document from a governmental agency...but the whole idea is for you to write them a check for $150.00 or some other amount ... for something you do NOT need for them to do. If you have any questions regarding anything you receive in the mail asking for your personal or corporate information and then asking for a check, ask me first....DON'T JUST SEND IT.

Credits For Hiring New Positions In Your Company

IF your business hires a new employee after 2/3/2010 and before 1/1/2011, you can get a credit of 6.2% of their salary for a "qualified employee" defined as:

New employee must certify (form W-11 is perfect for this) that they have not been employed for more than 40 hours during the 60 day period prior to you hiring them.
The employee cannot be replacing another employee (in other words it must be a new position) unless the prior employee left voluntarily or for cause (which can include downsizing)....pretty wide open here.
The employee cannot be related to you.

That's it....if you want to take advantage of this credit, contact me and I will make sure you know what to do.

New 1099 Reporting Requirements-All Businesses Beware

This will be an accounting nightmare. Under current law, you only have to file a 1099 on an individual who provides you services that you pay $600.00 or more to per year. Under the new 1099 law that is scheduled to go into effect starting in the tax year 2012, the law expands 1099 coverage to tangible goods and services. Just to give you an idea on how disastrous that can be, imagine you are a freelancer who purchases a computer from Target. If the computer costs more than $600.00, you will have to send Target a 1099 at the end of the year. This will mean you will need the Federal ID number and address of Target and keep track of your purchases to send 1099's at the end of the year. I am sure you are getting what a logistical nightmare this can be. For the companies we currently do books for, we will be requiring you to get your vendors to sign a W-9 so we have the information necessary to complete all required 1099's.

Recycle Your Electronics

Here is a great website to recycle your old electronics:

Nextworth.com

They will give you a Target gift card or PayPal credit if you recycle something with value. IF it does not have value, they will provide you with free shipping and recycle the item for you so it is win-win!!!

I am open to other suggestions for recycling....Go Green!!

Another Great Place to Save Money

Many of you may already know about this but here is a link to a great place to get daily specials for your city or any other city......click on the link and try it....IT'S FREE!!!!!!!!!!!!!

http://www.groupon.com/r/uu5576755

It's called groupon and in no time you will see that it Can Be A Great Place to save money and have fun!!!

Sorry....had to change Blog Address

There were some problems with my former blog (I never kept up much with it anyway)....so I started a new one.  Hope you join me....give me ideas on what information you want me to include...and ask questions or post answers....Thanks....let's blog