The End of 2013 is Just Round the Corner

Hopefully there will not be a repeat of the 16-day government shutdown following the 12 days of Christmas.  The IRS has already announced to tax preparers that they likely will not be accepting tax returns prior to January 28, but maybe not until February 4 – more specific dates will be announced in December. Each…

Details

BC+S Merged with Johnson McGowan & Associates in Albany

We are pleased to announce that Boldt Carlisle + Smith (BC+S), with offices in Salem, Stayton, and Albany, Oregon has merged with Johnson McGowan & Associates, LLP (JMA), based in Albany, Oregon. The merged firm will continue operating as Boldt Carlisle + Smith. From our inception, we have served many clients in the Albany/Lebanon/Corvallis area from…

Details

What’s New at the IRS?

The Internal Revenue Service has been in the news lately, and not for the normal reasons.  The IRS has been called out for using its power in the wrong ways to monitor non-profit organizations, making poor choices on spending money to train employees, and for other questionable practices. Beyond this internal strife, there is news…

Details

Bingenheimer Thanked for Board of Accountancy Service

Brad Bingenheimer was recently thanked for his six years of service on the Oregon Board of Accountancy’s Peer Review Oversight Committee. The Board appreciated the knowledge and expertise that Brad contributed to the Committee’s work. The work of the committee and the input they provide enables the Board to have a high level of information…

Details

Computer Support: My Antivirus Software is Junk!

– Is there something more I can do to protect my computer and get computer support? Yes. The number one complaint I hear about Antivirus programs is that they slow you down. Moreover, the first place I look as an IT professional when I hear a computer is being ‘slow’ is the antivirus. The reason…

Details

2013 Tax Planning – Beware the New Taxes

There are at least six changes to the federal income tax laws which need to be considered in individual tax planning for 2013 and beyond: Increased Medicare tax for high-earning employees and self-employed [.9 percent] Surtax (Medicare contribution tax) on net investment income of higher-income individuals [3.8 percent] An increased top income tax rate of…

Details

Dispelling Myth & Rumor of Quarterly Estimated Tax Payments

After 36 years of public accounting experience and an equal number of tax seasons, I believe the Quarterly Estimated Tax Payment system/process is one of the most misunderstood elements in our tax system and in the preparation of individual taxes. The 2013 estimated tax payment vouchers that were prepared when your 2012 individual tax return…

Details

How to Handle IRS Correspondence

As tax returns are processed by the IRS, some do not pass certain tests or meet specific criteria. IRS correspondence is initiated to obtain more information or clarify inconsistencies between information reported on the tax return and information reported by third parties, such as 1099’s, W-2’s, or 1098’s. Some new processing tests have been developed…

Details

Technology: Protect Yourself from Cell Phone Hackers

Cell phone hacking caused the downfall of The News of the World, Britain’s largest and most famous tabloid. This scandal has alerted cell phone users to the mayhem that hackers can create. An ever-increasing problem for the telecommunications industry, cell phone hacking no longer happens only to people in the public eye. More and more…

Details

Social Security – Some of the Basics

From January 1, 2011 to December 31, 2029, approximately 10,000 Americans will reach age 65 each and every day. Currently about 159 million people work and pay Social Security taxes. Monthly, Social Security benefits are paid to about 55 million people and about two-thirds of them are retirees. For 2012, Social Security taxes are paid…

Details