Thursday, December 2, 2010

e-YWMnews-December 2010 WEBSITE UPDATE

Newsletter Updates- The following articles can be found at our website at http://www.ywmcpa.com/newsletter . This month our articles include:
  • Tax rates in turmoil as 2010 draws to a close
  • Year-end planning: Last minute tips for individuals
  • Deficit commission's tax proposals spark debate
  • FAQ? Obtaining certification for energy-efficient home improvements for tax
  • How Do I: Substantiate business gifts to clients?
  • December 2010 tax compliance calendar

If any of these articles are of interest to you be sure to visit our site during the month of December as these articles change monthly.

YWM Office News- As the new tax season approaches we'd like to offer you some tips on ways you can increase the efficiency of your tax preparation:
  • For our business clients, please answer every question on the PBC list sent this month. If a question is N/A please indicate as such. We will have to follow up on all non-responses which will increase the amount of time required to complete your return.
  • For our individual clients, please fill out the provided organizer. The organizer is designed to correspond to our tax software, having all of the numbers summarized in one place greatly increases our efficiency in preparing your return.
  • Submit all of your information at one time. Receiving piecemeal information greatly increases the amount of time required to prepare your return as we have to revisit and analyze where we're at with the return each time we work with it.
  • Get your information in early. Getting us your information prior to mid-March will increase the turn around time to prepare your return.
  • If you can't get your information in early consider having us extend your return prior to the deadline. You can then take your time to organize your data as we have suggested above.


These tips should help to increase the efficiency of your return. If you have any questions please let us know.

As we approach year end, many of our business clients may be assessing their current payroll and HR service providers. If your payroll or HR (insurance and workman's compensation) needs are not being met please let us know as we may be able to assist you in resolving your problems or in choosing a new provider. For help, please contact Troy Coon in our office at troy@ywmcpa.com or at the number listed below.

During the month of November Manager Troy Coon and his wife took a trip to Ethiopia with The Cunningham Foundation. The Cunningham Foundation is a non-profit organization headquartered here in Denver and was founded by Noel and Tammy Cunningham. The trip focused on visiting various sites The Cunningham Foundation has financially supported in the past. The trip focused on three main areas close to the capital Addis Ababa. They visited an HIV orphanage that is cared for by the Sisters of Mother Theresa, though the group spent the majority of their time during the trip at a site called Project Mercy. Project Mercy is a community based organization that focuses on education, healthcare and community around an area called Yetabon. During the last part of the trip the group visited a school and library in the Awasa. The library was funded by the Colorado DECA organization. "This was a trip of a lifetime. Although people of Ethiopia do not have much in terms of opportunity or material belongings they are a truly generous and enjoyable people. I cannot say enough about the adventure," says Troy of the experience. If anyone would like to learn more about the Cunningham Foundation or Troy's adventures in Ethiopia feel free to give him a call.



A group picture taken at the Project Mercy site. Troy is in the back in red.

As always, if you have any questions or comments to make our site even better, please don't hesitate to contact us. All information on our website is generic, to determine how this affects your specific situation please give us a call at 303-792-3020.

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The information contained in this website is for general information purposes only. The information is provided by Yanari Watson McGaughey P.C. and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

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UNLESS EXPRESSLY STATED OTHERWISE, IN WRITING, THIS CORRESPONDENCE, INCLUDING ANY ATTACHMENTS HERETO, IS NOT INTENDED TO OR WRITTEN TO BE USED AND CANNOT BE USED BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES ASSERTED BY THE INTERNAL REVENUE SERVICE OR SANCTIONS PROPOSED BY THE DIRECTOR OF THE OFFICE OF PROFESSIONAL RESPONSIBILITY UNDER THE UNITED STATES TAX LAWS (THE FOREGOING STATEMENT IS MADE IN ACCORDANCE WITH CIRCULAR 230, 31 C.F.R. PART 10).


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