It’s True! Our Seminar entitled “Making Your Business More Profitable by Mastering QuickBooks” — will save one of our students thousands of dollars every year. Here’s how, in his own words:
“I have been trying to find a seminar like this for quite a while. No one has been able to answer my question regarding whether QuickBooks can help me run my Chiropractic practice or if I’d have to spend upwards of $5000 buying software for medical practices. I contacted professional computer technicians, other chiropractic offices and even others who used QuickBooks, no one could answer that question!
My three sessions with you convinced me that I can save thousands of dollars with QuickBooks as my accounting system. It’s clear to me that my colleagues are wasting thousands of dollars every year. Thanks for helping me keep that money in my pocket. Thank you for your workshop!”
Dr. Harry Lefkowitz
Chiropractic Physician
153 Fort Lee Road
MCA recently conducted the seminar “Making Your Business More Profitable by Mastering QuickBooks.” Previously, this was offered as a 6-hour one day boot camp to business owners. Upon discussion with the Teaneck Board of Continuing Education, we created a 3-day, 2-hour session, giving a complete overview of the application.
Dr. Lefkowitz joined our class with specific thoughts in mind. We answered most 
and now he is convinced that QuickBooks will work for his practice.
Thank you Dr. Lefkowitz for your kind words and for letting me include them on our testimonial page.
Enjoy your thousands!
If you are over the age of 70½ years old and you’ve contributed to an IRA in your secular career, you are no doubt aware that you have Required Minimum Distributions that are required by the IRS. Any undistributed money is subject to a 50% penalty. However, with the state of the economy as it is the IRS are making concessions. The 2008 law waives required minimum distributions for 2009 for IRAs and defined contribution plans (such as 401(k)s) and allows certain amounts distributed as 2009 required minimum distributions to be rolled over into an IRA or another retirement plan.
The IRS guidline (http://www.irs.gov/pub/irs-drop/n-09-82.pdf) provides guidance relief for people who have already received a 2009 required minimum distribution this year. Individuals generally have until the later of Nov. 30, 2009, or 60 days after the date the distribution w as received, to roll over the distribution.
If you are one who is in this siutation and you need more guidance, please contact your plan administrator or your tax advisor.
The American Recovery and Reinvestment Act of 2009 has made available a special Sales Tax deduction for New Car Purchases. This is not a new provision, as the ARRA has been in effect since around the beginning of the year.
The IRS is reminding individuals however that although Cash for Clunkers may not be in effect at this particular time, this special Sales Tax Deduction is!
See the IRS weblink for more details: http://www.irs.gov/irs/article/0,,id=214016,00.html
To qualify: You must purchase a new car before January 1, 2010 . Also included in this credit are light trucks, motor homes and/or motorcycles.
The deduction is limited to the sales and excise taxes (and similar fees) paid on upt to $49,500 of the price (purchase) of the new vehicle. Phaseouts do apply. So if you have an income higher than $135,000 you will not qualify.
This special deduction is available regardless of whether you itemize your deductions.
Happy car hunting!
If you are a New York employer, you should be advised of the amendment to New York Labor Law s. 195.
Basically, it states that if you take on a new hire on or after October 26, 2009, you must provide the employee with written notice of his/her pay and overtime rates, as well as your firm’s scheduled pay date. The new hire must give written acknolwedgment of receipt of this notification. The written acknowledgment that satisfies any content and form requirements that the Commissioner of Labor publishes. Penalties for failure to comply with this new law range from $1,000 for a first violation and up to $3,000 for a third and each subsequent violation.
The following website gives you access to the state’s law: http://public.leginfo.state.ny.us/menugetf.cgi?COMMONQUERY=LAWS
The content of this article is intended to provide a general guide to the subject matter.
Hello all,
I wanted to let you know that I will be conducting a six hour seminar sponsored by the “Teaneck Community Education Center, Board of Education.” You can register for the class in person or via mail. I’m going to attach a link that will help you with registration directly after the course description. [http://www.mcataxprep.com/Teaneck_QBSeminar.PDF]– Please note that the second page, has the registration details.
By the way, if you have questions, please feel free to call me at 201-837-6066 or 201-338-4606.
The course is entitled “Making Your Business More Profitable by Mastering QuickBooks” it will be held on Nov. 5, 12, and 19th (all Thursdays) from 3pm to 5 pm. It will be at 1 Merrison Street in Teaneck in the EF Staff Development Room. The course is $60, payable to: Teaneck Community Education Center.
And now for… the blurb: “This six hour course is more than just an overview of the QuickBooks application. You will receive step by step instructions on the QuickBooks fundamentals. Led by a Certified QuickBooks ProAdvisor, you will also learn how to customize QuickBooks for your business, how to create forms, lists, receipts, etc., and how to invoice customers, track receivables, set up inventory, calculate payroll, properly deposit money, customize reports, and analyze the financial health of your business. QuickBooks contains dozens of reports to help analyze your financial position and we will discuss this most important subject in detail. Never be late on a payment again as QucikBooks provides help for your payables as well. This demonstration-driven seminar will cover these topics and many more.
Instructor: (yours truly) Marc Adams, Certified QuickBooks ProAdvisor, MCA Certified Tax Preparers
With the economy recovering, people are starting to have hope. For the first time in over a year, the unemployment rate DIPPED to 9.4%. What does that mean? It means that in July, 247,000 jobs were lost. It sounds terrible, but considering that in June, 443,000 people lost their jobs, this is a huge step in the right direction.
Sure that’s easy to say when you have a job, but if you’re one of the 247,000 or one of the 6.7 MILLION whose lost their job this is little consolation. Here’s just a little hope for those who have lost their job. The American Recovery and Reinvestment Act, signed into law by President Obama has provided tax-free benefits for the first $2,400 of unemployment (normally, all unemployment benefits are taxable). The point is, that everyone is struggling, so the government is working to put programs into place to help. But in the end, until the economy gets back to normal, we can only hold on to the glimmers of hope.
What do you think? Do you see the light at the end of the tunnel? What more can be done to help struggling workers?