Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Archive for the ‘Accounting Systems’ Category

Happy Monday to you!

We wanted to assure you knew about this wonderful resource provided by the IRS regarding “Giving Tuesday” (tomorrow, November 28, 2017).

What is Giving Tuesday?

Giving Tuesday is an annual event celebrated the week after Thanksgiving to kick off the season of charitable giving. Taxpayers making donations may be able to deduct them on their tax return. As people are deciding where to make their donations, the IRS has a tool that may help.

What is the IRS Select Check Tool?

Exempt Organizations Select Check on IRS.gov is a tool that allows users to search for charities. It provides information about an organization’s federal tax status and filings.

Here are four facts about EO Select Check:

  1. Donors can use it to confirm an organization is tax exempt and eligible to receive tax-deductible charitable contributions.
  2. Users can find out if an organization had its tax-exempt status revoked. A common reason for this is that the organization did not file its Form 990 or notices annually as required.
  3. EO Select Check does not list certain organizations that may be eligible to receive tax-deductible donations. This includes churches, organizations in a group ruling, and governmental entities.
  4. An organization’s “doing business as” name is not searchable. Search using an organization’s legal name instead.

Taxpayers can also use the Interactive Tax Assistant, Can I Deduct my Charitable Contributions? to help determine if a charitable contribution is deductible.

Enjoy!

Mark & the Makara-Associates Team

Are you a business owner that needs help with cash flow planning? controllership? forensic accounting?

Or perhaps an individual that needs assistance with your tax planning and preparation, or resolution of an IRS tax problem you have incurred?

Future Planning

Stay Current on Available Accounting Services

Each year brings about changes in the world of accounting.

It is easy to fall behind with your tax planning and preparation, which may end up causing you tax problems with the IRS. Without resolution of an IRS tax problem, you can end up having to pay tax penalties in addition to the original amount you owed.
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How Successful Are Your Business Operations?

Posted by Mark On December 31st

How do you measure your business success?

When was the last time you reviewed your business operations and accounting systems?

Are you prepared for the changes in our complex business world today?

Common Tax Provisions Set to Expire

Running your own business can present many challenges. Addressing those business needs may be overwhelming unless you are committed to continuing education and implementation of the latest technologies.

At Makara & Associates, LCC, we believe through our training and experience we can offer you a fresh prospective and practical view of your business operations and accounting systems.

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Are you satisfied with the success of your business?

Does your business get the attention to details that it needs?

Do you feel confident that you are addressing all the changes in today’s complex business world?Future Plannin

Whether you are an entrepreneur or an established business owner, you know the importance of engaging an accounting firm to prepare your compliance related documents.

However, it doesn’t stop there, as there are many other challenges in running your business operations that your accountant can assist you with.

When was the last time you met with your accountant?

Did you address your current business needs as well as plan for your future?

At Makara and Associates LLC, our Certified Public Accountants and Consultants are committed to education and cutting edge technologies that allow us to offer our clients superior services.

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