Dear Valued Client,
School is back in session and the tax calendar is filling up. This month we want to fill you in on an important project we are working on, to remind you of some upcoming filing dates, and look forward to some tax changes that are coming in 2011 unless Congress acts soon.
First Annual Johns Creek Business Survey
Davis & Langford have teamed with the Johns Creek Chamber of Commerce to conduct the first comprehensive survey of the businesses in the City of Johns Creek. The objectives of the survey are to identify areas of concern for businesses in Johns Creek, provide information to attract new businesses and provide feedback to the Business Community and City Government on ways to continue our vibrant community. The survey is anticipated to be live before the end of the month. Please email
Jane@JohnsCreekCPA.com for a survey invitation or to be on the distribution list for a copy of the survey results.
Upcoming Tax DeadlinesSeptember is a busy month from a tax standpoint. Corporate and partnership tax returns are due on September 15 if they were extended. Estimated tax payments are also due on the 15th of September.
October 15th is the due date for extended personal tax returns. Please contact us as soon as possible if you need us to complete your return.
Expiring Tax Law ProvisionsThis month's edition includes an important article that discusses some of the automatic tax changes that could impact just about everyone if Congress does not take action. This will help you determine which tax laws have expired or will be expiring so that you can take advantage of them before it's too late.
Please schedule a consultation with this us for 2010 fall and 2011 tax planning. Davis & Langford is here to help you with all your tax needs. You can request an appointment online at
www.JohnsCreekCPA.com.
Marilyn Langford Davis & Cliff Davis
Davis & Langford PC
Certified Public Accountants
www.JohnsCreekCPA.com
Tax Increases Are Coming Unless Congress Takes Action
Normally, one would think that Congress would have to take some action to increase taxes. However, it is quite the opposite for 2011. If Congress fails to take action, there will be a tax increase affecting just about everyone in every tax category. In order to skirt a Senate rule that requires 60 votes to pass a bill that increases the deficit beyond a ten-year window, Congress passed the Bush tax cuts in 2001 and 2003 with most provisions designed to sunset this year.
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Does the IRS Owe You Money?
If you have not filed a prior year tax return and are due a refund, you should consider filing the return to claim that refund. If you are missing a refund for a previously filed tax return, you should check the status of your refund and confirm your current address.
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Tax Tips for Military Personnel
Because military personnel have obligations that can impact their tax situation, they are entitled to special tax breaks. Here are a number of benefits that apply.
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Tax Tips for New Business Owners
If you are planning to open a new business, there are a number of tax and accounting issues you need to be aware of. The following are some of the more commonly encountered issues a new business owner needs to cope with.
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What is a Charitable Organization?
Money or property that you donate to “qualified” charitable organizations can be included in your itemized deductions as a charitable contribution. But what is a “qualified” charity?
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Go Back to School With the Educational Tools of QuickBooks
We know. When you first cracked your copy of QuickBooks, you wanted to dive in and start generating invoices. Fortunately, QuickBooks is intuitive enough that you were able to do just that. And its help system is so robust that you were able to get procedural questions answered quickly and easily.
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