Having Us Do Your Corporate Taxes just makes Cents!

Corporate taxes are an interesting bird. Company income that is subject to state and IRS taxes are often determined just like the taxable income of Mr. and Mrs. Taxpayer. In the broadest kind of general, the tax is imposed on net profits.

Now, you have read a ton on the current U.S. corporate tax system. It is a major component of discussion in every Republican debate and President Obama has been very outspoken about a system that needs a major overhaul.

Loopholes, subsidies, and very legal tax avoidance strategies certainly help corporations. We live in a capitalistic society so there is no surprise here. But these kinds of taxes are very complicated and can often take three or four times the effort and time to do, versus the personal taxes we all must send by April 17.

We handle these types of returns and can help your organization get through the myriad of paperwork that has to be completed and processed.

We are in the busiest of seasons for returns of every category, but we want to help you, your family, your small business or your corporation file taxes accurately and on time! Remember March 15th is fast approaching.

We at AABS can help! It is what we do!

Call us and we will help you!

Call Melissa at 919 303 3345 or e-mail info@aabsinc.com

 www.aabsinc.com

 

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This “information only” post was brought to you by the great team at AABS. INC. located in Apex, NC.

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Dash to Stash the Cash (If You Have It!)

All kidding aside, we are heading heavy into this election year with light pockets. With gas at $3.70, sorry, $3.72, oops, $3.74; well you get the idea. Very seldom are we peeling off four twenties to fill the Prius. In fact, at the grocery store, cash is an endangered species as well; remember that the economic instability has been around since four buck gas in the summer of 2008.

Soon we will find banknotes and coins where they have always been found in smaller numbers; couches chairs, and coat pockets.  On TV, the only ones with cash rob banks, and in real life we are not that far behind that drama.

We are so online. We are so device driven. With ATM’s next to every RedBox, when we need cash we get cash. We pay insurance, electric bills, medical bills, cable, phone, the IRS and credit cards online. In fact, it is our guess that transactions will grow online and even more so on smart devices like the Kindle Fire and the iPad. Why? Because we carry them everywhere we go.

Pretty soon, the dry cleaners, the kid that cuts your lawn and the offertory basket will all be PayPal.

The next time that a stranger walks up to you as you stroll around Downtown Raleigh and says, “Hey buddy, I am kinda down and out; got any debit left?”

Do not be surprised!

Remember as an accounting and bookkeeping business we take money very seriously! No joke!

Call Melissa at 919 303 3345 or e-mail info@aabsinc.com

  www.aabsinc.com

 Like us on Facebook

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Find us on Twitter!

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We blog!

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This “information only” pure commentary post was brought to you by the great team at AABS. INC. located in Apex, NC.

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Do I Really Need This?

It is so common this time of year. We often hear; ”Why does my business need accounting?” And we have to smile. For us, a business needs accounting like a town needs a police officer. It makes sense to keep things orderly and it is critical to have certain guidelines that keep the business safe from problems.

When a new business is launched, regardless of micro, small, or large, the focus always is on the products and services. Of course, the passion for success is critical as well. And we have to mention one of the most important reasons to own a business, the freedom of both lifestyle and work hours.

We all need to be accountable in life for a number of things, and as they say, accountability creates responsibility. Funny thing is that we need both for success. Bookkeeping and accounting keep businesses organized through proper record keeping.

Problems like fraud, financial errors, and tax issues are minimized with accounting processes. Businesses that are “tight” with finances also make great decisions in regards to purchases. When bookkeeping is in place there is time to put thought into the critical transactions that at one time were hurried and possibly mismanaged.

Good records and reports create honest and focused business transactions. And these transactions are centrally coordinated daily, weekly, and monthly for internal consumption as well as for a variety of outside parties such as customers and suppliers.

It does make “cents” to do it right.

Call Melissa at 919 303 3345 or e-mail info@aabsinc.com

 

 www.aabsinc.com

 

Like us on Facebook

https://www.facebook.com/aabsaccounting

 

Find us on Twitter!

https://www.twitter.com/#1/AABSINC

 

We blog!

http://www.aabsblog.wordpress.com

 

This “information only” post was brought to you by the great team at AABS. INC. located in Apex, NC.

Photo: lesseverything.com

T.A.X.E.S. the Acronym

Did you know that taxes are really an acronym? T.A.X.E.S.  There we said it. This is indeed the time of year when taxes take a priority in everything we do. Of course, without taxes, there would be no services like fire and police and we all know that having first responders on duty seven days a week is not a bad thing.

So, after mentioning our brave first responders, there is still the problem of taxes. What to do? What to do?

Like we said, let’s look at taxes the acronym.

• T: Tough! It is indeed tough to look at and organize those of papers  and receipts that are sitting in piles,  envelopes and boxes.
• A: Arithmetic! Do you know what one of the biggest reasons the IRS pays attention to your returns? You guessed it. Math errors always draw official attention.
• X: Extra! Like you need anything eXtra to do this time of year. Cub Scouts, ballet, tap, baseball, PTA, Church; oh yes, forgot about the job did you! How do you fit anything else into your 86,400 (24 hours) second daily routine?
• E: Energy! Are you worn out yet reading this? There are a lot of places to put your enery to use at, and it is not tax preparation.
• S: Savings! An experienced bookkeeper will catch mistakes and place all of your deductions I the right places that saves both time and effort.

See we told you TAXES means more than taxes. At  AABS Inc., it means service and timely results for every one of our customers. Remember that STRESS is an acronym too! Call us today to get your appointment day and time. We want to take the term “taxing” out of your taxes!

Call Melissa at 919 303 3345 or e-mail info@aabsinc.com

 www.aabsinc.com

 

Like us on Facebook

https://www.facebook.com/aabsaccounting

 

Find us on Twitter!

https://www.twitter.com/#1/AABSINC

 

We blog!

http://www.aabsblog.wordpress.com

 

This “information only” post was brought to you by the great team at AABS. INC. located in Apex, NC!

Photo Credit: Bigjournalism.com