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Below is a listing of our content based on your selected topic, click on the titles below for more information. If the term is unfamiliar, see the Term Glossary<.

File State Annual Report

Most entities are required to file annual reports with the states that they are organized in. Be proactive about this, as it is generally a simple process that typically can be done in January every new year.

Additional Note: Due dates are not consistent from state to state, they may be based off of your fiscal year, the calendar year, or anniversary of entity registration. Make sure that you know your state requirements, and contact us< if you need assistance.

See the page: http://www.famiglio.com/state-corporate-filing-websites<  

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IRS Taxpayer Bill of Rights

IRS's Taxpayer Bill of Rights

In an effort to be a kinder friendlier IRS, the organization has released its Taxpayer Bill of Rights:

Bill of Tax Rights<

  • The Right to Be Informed<
  • The Right to Quality Service<
  • The Right to Pay No More than the Correct Amount of Tax<
  • The Right to Challenge the IRS’s Position and Be Heard<
  • The Right to Appeal an IRS Decision in an Independent Forum<
  • The Right to Finality<
  • The Right to Privacy<
  • The Right to Confidentiality<
  • The Right to Retain Representation<
  • The Right to a Fair and Just Tax System<

What does this mean for you? How well does the IRS follow these guidelines? As a taxpayer, it is absolutely vital to be informed, and understand what these "rights" mean, and what they do not.

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Should I use Quicken for my Small Business Accounting?

Short answer: No.

Long answer: Nope.

Why:

a) From an accounting and legal perspective you should not be commingling funds. Quicken can encourage a user to do just that.

b) Quicken is not designed or supported in the same way that QuickBooks is. Unfortunately, we are often faced with problems opening and working with both Quicken and QuickBooks files, the difference lies the solutions available to us. 

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Ten Things Businesses Mistakenly Forget To Discuss with Their CPA

  • A Change in Amount of Business
  • A Change in Nature of Business
  • Large Purchases or Sales
  • A Change in Ownership
  • Desire to Move or Open New Location
  • Seeking Financing
  • Communication from IRS or State Department of Revenue
  • Theft
  • Lawsuit
  • New Legislation
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