The IRS has announced that it would create a new program to allow taxpayers who use direct deposit to divide their refunds in up to three financial accounts. This article explains the options this gives to taxpayers...

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IRS Expands Taxpayers’ Options for Direct Deposit of 2006 Refunds

Hoping to encourage higher savings and more banking, the IRS has announced that it would create a new program to allow taxpayers who use direct deposit to divide their refunds in up to three financial accounts.

The IRS has created a new form, Form 8888, which will give taxpayers greater control over their refunds.

Form 8888 will give taxpayers a choice of selecting one, two or three accounts such as checking, savings and retirement accounts.

Taxpayers who want all their refund deposited directly into one account can still use the appropriate line on the Form 1040 series.

Regards,

The Tiger, Elizabeth Marasco, MBA, Mike Bronstein CPA
354 Neighborhood Rd.
Mastic Beach,NY 11951
631-949-5864
www.gottaxtrouble.com

Thank you for your interest, and please remember we offer a free Outsourcing Report to business owners in Long Island and New York.

 

Best wishes,

Elizabeth Marasco, MBA
Bookkeepers Plus, Inc.
354 Neighborhood Rd
Mastic Beach
NY 11951
Phone: 631-949-5864
Fax: 631-207-8349
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Comparing outsourcing with in-house solutions

What do you stand to GAIN by outsourcing select back office activities... and how do you know which ones to outsource and which not? This interesting article explains the pros and cons of outsourcing and offers a make-sense tool for finding the activities whose outsourcing brings the biggest profits and benefits.

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Outsourced bookkeeping

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Different functions of bookkeeping — read to see what you can benefit:

Billing & Accounts Receivable

Explained in understandable form what is included in accounts receivable and what you need to look out for in this area.

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Purchasing & Inventory -controlling cost

Keeping accurate record on purchasing and inventory allows for optimizing of your stock and investment while minimizing downtime.

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Banking routines

This area of bookkeeping frees up a lot of your time while ensuring your funds arrive promptly and securely.

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Cash Management

How would you like to be free from constant worry and checking of your cashflow and receive some control and prediction to finances?

How cash management can increase your financial control and prediction.

Payroll outsourcing

Calculating salaries is the most time-consuming of all activities. Outsourcing your payroll you gain accuracy at lower cost than handling it in-house.

Why payroll is usually the first thing companies outsource.

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Management Reporting teaches you to plan finances hands-on with accuracy and profits!

Project Accounting

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Project Accounting - how to keep the budget and finances of any larger job or project under control!

Taxes and preparing books for your CPA

Why not save some 50% off this part of your accounting by letting our bookkeepers prepare taxes and books for your accountant / CPA? Save money and headaches by...

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Useful articles for LI business owners

This page contains articles by Elizabeth Marasco on various subjects relating to taxation, finance, accounting, bookkeeping and other important issues.

Read Elizabeth Marasco's articles on taxation and accounting in Long Island and New York

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Other Credits and Collections actions

These tasks are not very spectacular if done accurately and correct. But if you forget then many unnecessary problems can arise from...

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Keeping accurate record on your sales tax and filing in time is not exciting and thus it suits outsourcing well. Save money while avoiding all problems due to delays or mistakes...

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