Newsletter Update – payroll tax holiday

Dear Everyone,

Payroll Tax Holiday
Ok! Lesson learnt! Not more than a few hours after my last newsletter, Congress decided to pass a two month extension of the payroll tax holiday. Yes, it’s kind of “kicking the can” down the road, but it’s money in your pocket. We can talk politics another day. Based on what I’m reading, Congress will likely come to some manner of compromise so that the payroll tax rates stay at 2011 rates through 2012. All bets are off for next year, though.

Tax Organizers Sent
Again, while tax organizers are not required, clients coming back from last year, within the next day or so, should have their organizers received by email. Please reply to this message if you don’t get it by tomorrow OR if you have any questions about the information in it. On my side, it is a new technology platform, but I think it’ll keep your information more secure, allowing you to send me the source documents in an efficient and secure manner and allowing me to deliver tax returns also in a secure and efficient manner. Of course, questions, please drop me a line by email and I’ll do my best to immediately respond.

What to do now?
At this time of the year, while we are early on in the season, now would be a good time to start sifting through your bank records and organizing. Your employer, banking institution, etc, won’t get around to sending out the information returns and your broker statements for a few more weeks. So, now is the time to really go through your records or perhaps even your calendar to start identifying potential tax deductions. If you have a question if something’s deductible, then drop me an email and I’ll be happy to give you a thumbs up or thumbs down.

Set Your Appointment
Nowack is ready to receive your tax appointments for the 2011 tax season. Please feel free to call or e-mail and set a time that works for you. As in year’s past, an appointment is optional. I can receive information by fax, online (by secure portal upload), FedEx or mail. I prefer not to receive documents by an unencrypted e-mail just because that compromises your sensitive information.

Client Communication
With tax season now here, my commitment to you is to respond to your phone calls within one business day. If I’m not with another client, I’m happy to answer the phone as calls come in. In general though, should your call go to voice mail, I will return your call between 3 and 4pm. There may be a few exceptions to this, but I will do my best to return all calls in that window. Email will typically get you a better response time. But if neither of those options work, please email me your concern and we can set up an appointment to discuss whatever is present for you.

Welcoming Referrals
We are still expanding and welcome referrals to friends, colleagues, for their small business or individual needs. We also help folks have had some tax problems as well.

Hoping that 2012 brings you more peace, joy and wealth!

Best,
Josh

Tags: irs, organizer, payroll tax, taxes