Are your accounts in safe hands?

The recent failure of Bear Stearns, the fifth largest investment bank in the U.S., may have you wondering about the health of the banking system in general. Indeed, you may be wondering if your bank accounts are safe. Here’s a quick review of deposit insurance that may help put your mind at ease. The sign at your savings and loan states that your accounts are insured up to $100,000. Knowing the rules of the Federal Deposit Insurance Corporation can help you extend your protection beyond this amount.

 

To increase your protection, you can simply spread your accounts over a number of different banks. Remember, however, that accounts in different branches of the same bank will be aggregated. Having a qualified CPA will help you manage your money. Be clear in your mind as to what you want from your financial planner. Decide firmly your risk tolerance level. Interview the CPAs and opt for those whose initial consultation will be free of charge. Make sure his investment philosophy is in keeping with your line of thinking. You should also satisfy that the CPA is able to appreciate your description of your financial goals and the level of your risk tolerance.

The CPA must be responsive, knowledgeable, and absolutely honest and straightforward.  Check the CPA planner’s credentials after you have made the choice. Make sure the CPA is licensed by the federal or state government. You can check the state accountancy board if he or she is a Certified Public Accountant (CPA). The cost to you will depend on the complexity of your investments, your financial situation, as well as where you live. The experienced CPAs at Cirimelli, Pyle and Associates will show you how through prudent tax planning not only income tax liability is reduced but also a better future is ensured due to compulsory savings in highly safe Government schemes. They will guide you through all complicated tax planning processes and make sure that you take advantage of all tax incentives offered by the government.

Budget for your business

Business budgeting is one of the most powerful financial tools available to any business owner. Preparing and adhering to both short term and long term financial budgets enables you to control your cash flow and use your finances optimally. The most effective financial budget includes both a month-to-month plan (short term) for at least one calendar year and an annual budget. The budget preparation should start two months prior to the ending of the preceding fiscal year to allow adequate time for sufficient information-gathering.

 

The long term budget should ideally cover a period of three years – on a quarterly basis, or even an annual basis. The long-term budget should be continually reviewed and updated after applying correctives. Cirimelli, Pyle and Associates are a Los Altos Hills CPA firm and they are also CPAs in Saratoga, CPAs in Campbell, CPAs in San Jose, CPAs in Los Altos, CPAs in Santa Clara, and CPAs in Cupertino. Apart from offering their services for obtaining tax relief, these Santa Clara business accountants will also assist with financial help to manage the tax payments in a timely manner. Besides helping with budgeting, forecasting, tax planning and data processing, they will be able to advise on mergers and acquisitions, financing arrangements, tax shelters and representation before Regulatory Agencies.

These accountants in Campbell are members of both the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants, and you can be sure that you are doing yourself a favor by hiring their services. Contact our office at mailto:cpa@cpasllp.com  or call (408) 879-9990   for details or guidance with your 2008 tax planning.

Tax help – The need of time

Taxes – are definitely very tough to handle. It is painstaking to keep track of them, of every penny which goes in and out of a business. One has to be very careful in taking care of taxes and paying them properly on time. Individual and Business Income Tax Return Preparations, Client Accounting, Write-Ups and Year-End Tax Planning have to be accounted and paid on time every year.

         

Cirimelli, Pyle and Associates LLP (CPA) are certified public accountants who could definitely help all tax payers. They are located in the State of California and have in-depth knowledge and expertise in the field of income tax and various other professional skills. They have CPA firms in Campbell, Cupertino, Los Altos, San Jose, Santa Clara and Saratoga. They help for tax filing in all these areas.

 

They are business accountants in Bay area who can solve all your worries about accounts of your company and also regular tax filing and payments to be done to IRS. They are professionals and they offer all these services at nominal costs so no need to worry about shelling out huge chunks of money. For more information on the services offered, contact them at their office: 901 CAMPISI WAY, SUITE 380, CAMPBELL, CA 95008. Or on the phone at: 408-879-9990 or Email at: cpa@cpasllp.com

Taxes – No worries!

Ever worried about tax filing and paying them on time? Definitely every person would have been at one stage of his career or business. It is tough to handle work and these IRS responsibilities and duties at the same time. Attorneys, Automobile Dealers, Building Maintenance Contractors, Commercial Designers, Computer Software Developers, Construction Contractors and many others can stop worrying now! There are qualified and certified Business Accountants in Bay area to do the job for you.

 

Cirimelli, Pyle and Associates LLP (CPA) are here just for you! Their services include Individual and Business Income Tax Return Preparation, Client Accounting and Write-Up Services and Year-End Tax Planning Services. Their firm offers new clients an initial consultation at no charge! And all of their services are charged nominally. These business Accountants operate in Saratoga, Sunnyvale and help in Tax filing in Campbell, San Jose, Cupertino and Los Altos Hills.

 

They even advice and offer consultation in areas such as Mergers and Acquisitions, Tax Shelters, Financing Arrangements etc. they also assist in preparing Payroll and Sales Tax returns, W-2 forms, Business Property Statements, and performing other Accounting Services to supplement the staff and/or capability of the smaller business. They can be contacted at their office: 901 CAMPISI WAY, SUITE 380, CAMPBELL, CA 95008. Or on the phone at: 408-879-9990 or Email at: cpa@cpasllp.com.

Tax and their payments

We pay Taxes for a reason. Taxes are basically for four main purposes or effects: Revenue, Redistribution, Re pricing, and Representation. Taxes are financial charges or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state. It is compulsory to pay them correctly and on time. People who try to cheat will definitely be checked by the IRS. It is a painstaking job to calculate taxes regularly.

 

To make this job easy and efficient, Cirimelli, Pyle and Associates LLP (CPA) are the people to go to in Bay area. They are a certified chartered accountant firm and their services include individual and business income tax return preparation, client accounting and write-up services, and year-end tax planning services. They also advice and offer free consultation initially in areas such as Mergers and Acquisitions, Tax Shelters, Financing Arrangements etc. They assist in preparing Payroll and Sales Tax returns, W-2 forms, and other accounting services.

 

They are located in Bay area and have CPA firms in Steven Pyle, Campbell, Cupertino, Los Altos Hills, San Jose, Santa Clara, and Saratoga. They can be contacted at 408-879-9990 and their websites are www.sanjose-cpa.com and www.cpasllp.com. Or you can contact them at their office: 901 CAMPISI WAY, SUITE 380, CAMPBELL, CA 95008.

Tax help and filing

Taxes are fixed by the government and must be paid. No one wants to get in trouble with the IRS. It is a citizen’s duty to pay taxes correctly and on time. It is a painful process to calculate the huge amount of money that goes in and out of business everyday. Every penny has to be kept track of and it is not an easy job. Most business owners wish that someone would do all of this work for them. Well, their wish is granted.

 

Cirimelli, Pyle and Associates LLP (CPA), certified public accountants are here to take care of it. They have set up a business to exclusively help tax payers. Tax help and tax filing in Bay area has been made easy by them. They are located in the State of California and have in-depth knowledge and expertise in the field of income tax and various other professional skills. They can be contacted at their office: 901 CAMPISI WAY, SUITE 380, CAMPBELL, CA 95008. Or on the phone at: 408-879-9990 or Email at: cpa@cpasllp.com

 

 

They advice and offer free consultation initially in areas such as Mergers and Acquisitions, Tax Shelters, Financing Arrangements etc. They also assist in preparing Payroll and Sales Tax returns, W-2 forms, Business Property Statements, and performing other Accounting Services to supplement the staff and/or capability of the smaller business. They have firms in Pyle, Cupertino, Los Altos, Santa Clara and Saratoga. They help attorneys, doctors, manufacturing firms, construction company owners and many other businesses.

New Business

With gas prices soaring, the IRS has responded to numerous requests to increase the standard mileage deduction for business driving.  For the final six months of 2008, the standard mileage rate for business driving has been raised to 58.5 cents per mile. The rate for business miles driven from January 1, 2008, through June 30, 2008, remains at 50.5 cents per mile. (The IRS also increased the deductible rate for medical and moving mileage for the last six months of 2008 to 27 cents a mile. For the first six months of 2008, the rate is 19 cents a mile.) The IRS adjusts the standard mileage rates for business driving annually, but when driving costs rise dramatically during the year, the Service may consider a midyear change. Rates are based on annual fixed and variable costs of operating a car. A study by the National Federation of Independent Businesses determined that the cost of energy is ranked as the second most troubling problem for small businesses this year.

 

 

Turn a complaint into an opportunity….Nobody in business wants an unhappy customer, but when a customer complains, think of it as three opportunities in one.

An opportunity to get free feedback on something that’s not working right in your organization. An opportunity to convert a disgruntled customer into a loyal customer.

An opportunity to head off negative publicity as the complainer shares his gripe with others.

 

How do you turn a complaint to your advantage? Here are the four steps you need to take.

 

1. The initial response. The initial response to a complaint should be respectful and helpful, not defensive or “it’s not our fault.”

 

2. Understanding the complaint. Make sure you really understand the true complaint. This is perhaps the most important part of the process. By allowing the customer to vent, you’ll defuse a large part of the hostility and ill will. Also, this step provides valuable feedback to pinpoint the exact problem and find out exactly what went wrong.

 

3. Fixing the problem. Employees must know clearly who has the responsibility and the authority to fix a problem. You may choose to compensate the customer for inconvenience, but at a minimum, you must remedy the customer’s immediate concern.

 

4. The follow-up. A supervisor or higher-level manager should always follow up with the customer to make sure that the problem has been resolved. This is a key step in turning the customer from “disgruntled” back to “loyal.”

 

If you have a business based in Santa Clara and you need a good accountant in Campbell, Sunnyvale, San Jose or wherever it is that your business is based Cirimelli, Pyle and Associates are the right firm to go to. The wrong method of tax preparation may end up with you having to pay more tax than required, and no one wants that. Year end tax planning is complex and a good accountant is essential. A good CPA also helps to save tax by advising the investor to invest in certain places. Cirimelli, Pyle and Associates are an example of a good CPA. It is essential not only for maintaining books, but also essential for tax help, tax filing and so on. So for a good CPA firm in Campbell, San Jose, Santa Clara, Saratoga or a Sunnyvale business accountant, contact  Cirimelli, Pyle and Associates. Contact our office at mailto:cpa@cpasllp.com  or call (408) 879-9990   for details or guidance with your 2008 tax planning.

 

Summer tax moves

The IRS recently released data showing an increase in taxpayer audits during fiscal year 2007 (which ended September 30, 2007).  The 2007 IRS audit rate for individual returns reporting income of $1 million or more increased 84% over 2006. The total number of individual returns audited in 2007 for all income levels increased by 7% to 1.3 million, the highest number of audits since 1998. Business audits for 2007 also increased, up 14% from the prior year. The audit focus was on partnerships and S corporations, with audits of these pass-through entities increasing 26% in 2007. Audits of large corporations decreased slightly in 2007, but audits of mid-sized corporations increased. The IRS filed 3.8 million levies and about 700,000 liens during 2007. IRS enforcement activities produced $59.2 billion in revenue during 2007, compared with $48.7 billion in 2006 and $34.1 billion in 2002.

 

Tax tips for the summer

Your vacation home. If you have vacation/rental property, you might increase your tax deductions by adjusting the number of days you use your vacation home.

Day camp. If you and your spouse work, the cost of sending your children to a summer day camp may qualify for the child care credit.

Business entertaining. Summer is a good time to do business entertaining. Keep records of the cost, the date, the attendees, and the business purpose. Your tax deduction is limited to 50% of the cost.

Hire your children. Put your children to work in your business this summer. A reasonable wage paid for legitimate work is a business deduction.

Estate taxes. The estate tax is still with us. Make time this summer to create or update your estate plan as part of your overall tax-reduction efforts.

Kiddie tax. Consider your options if the “kiddie tax” will affect your children this year (up to age 19; to 24 for full-time students).

College fund. Now that the tax benefits of Section 529 plans have been made permanent, investigate their suitability in building a college fund for your children.

Summer driving. Keep track of tax-deductible summer driving. The IRS has just increased the standard mileage rate for business, medical, and moving driving. For the last six months of 2008, the business mileage rate has been increased to 58.5 cents a mile. The rate for medical or moving costs has been increased to 27 cents a mile. The rates for the first six months of 2008 (January 1 through June 30) remain at 50.5 cents for business and 19 cents for medical and moving. The rate for charitable driving remains at 14 cents a mile for all of 2008.

 

If you have a business based in Santa Clara and you need a good accountant in Campbell, Sunnyvale, San Jose or wherever it is that your business is based Cirimelli, Pyle and Associates are the right firm to go to. The wrong method of tax preparation may end up with you having to pay more tax than required, and no one wants that. Year end tax planning is complex and a good accountant is essential. A good CPA also helps to save tax by advising the investor to invest in certain places. Cirimelli, Pyle and Associates are an example of a good CPA. It is essential not only for maintaining books, but also essential for tax help, tax filing and so on. So for a good CPA firm in Campbell, San Jose, Santa Clara, Saratoga or a Sunnyvale business accountant, contact  Cirimelli, Pyle and Associates. Contact our office at mailto:cpa@cpasllp.com  or call (408) 879-9990   for details or guidance with your 2008 tax planning.