Tuesday, April 24, 2012

TONIGHT - First Time Homebuyer Seminar

First Time Homebuyer Seminar
HarborOne U, Mansfield MA
Tuesday, April 24th, 2012
6:00 pm to 9:00 pm

Make a well-informed decision when you buy your first home. This seminar provides you the opportunity to get answers to your many questions from the professionals involved in the home buying process. Professionals include Mortgage Originator, Buyers Agent & Realtor, Real Estate Attorney, Insurance Agent, Tax Advisor and Home Inspector. A light dinner will be served.

Register today as seating is limited.

Thursday, April 19, 2012

Tax Preparer Omitted Marijuana Sales from Returns


ANCHORAGE, ALASKA - An Alaskan tax preparer has been charged with six counts of preparing false income tax returns for clients whose main business was selling illegal drugs.

Rebecca Renae Powell, a resident of Wasilla, Alaska (coincidentally the same home town as former Governor Sarah Palin), allegedly began preparing tax returns in 2007 for a friend who sold marijuana. Because the drug income was not reported, Powell’s friend was allegedly able to claim the Earned Income Credit for tax years 2003 through 2007, according to prosecutors.

Beginning in approximately October 2007, Powell also allegedly began preparing false individual income tax returns for a second individual who earned income by selling illegal substances, namely marijuana and heroin. To conceal the dealer’s illegal sources of income, Powell created the appearance that the income derived from the individual’s legitimate businesses instead of the sale of narcotics. In addition to preparing the false tax returns, Powell also allegedly created false invoices, bills of sale and other documents designed to substantiate the fabricated figures on the returns in case an audit or other inquiry occurred.

Each charge of preparing false tax returns carries a maximum possible sentence of three years in prison, a $250,000 fine, or both, together with the costs of prosecution.

BY MICHAEL COHN, ACCOUNTING TODAY

Saturday, April 7, 2012

3 Tips For Preparing Your Business For A Disaster


An unfortunate reality in the business world -- if not life itself -- is the threat of a disaster. There are numerous kinds of disasters a business can face, from the natural ones (like hurricane threats in Florida, earthquake threats in California or tornadoes in the Midwest) to man-made ones (like accidental fires, computer system failures, etc.). As grim as it is to think about a disaster compromising your business, smart businesses know the importance of planning ahead.

So to help you prepare your business for disaster, whether one happens or not, here are five tips that are sure to get you back up on your feet in no time.

Friday, April 6, 2012

Northeast Financial Strategies Wins "Best of" Poll

Wrentham financial services firm takes "best place to do your taxes" title.


With over 900 votes cast, Northeast Financial Strategies has taken the "Best place to do your taxes in the Wrentham/Foxborough" title.

The Wrentham business garnered 520 votes (55 percent of the vote), winning over Foxborough's Sheehan Consulting, which received 409 votes.

Kennedy & Associates (11 votes) and William Woolley (one vote) were the third and fourth most popular choices, respectively.

Thanks to all those who voted, and congratulations to all the businesses involved.

Check out next week's poll, where we'll ask you the best place to buy sporting goods in the area.

- Mike Gleason, Editor, wrentham.patch.com

Thursday, April 5, 2012

Last-Minute Tax Tips for Procrastinators


It's April already. Are your taxes done? If your answer to the question is no, you are not alone. The Internal Revenue Service says as many as 25 percent of taxpayers file their returns the final two weeks before the filing deadline. The good news for procrastinators is that they have a few extra days to get the job done. The traditional tax return filing deadline is April 15 of each year, but April 15, 2012 is a Sunday and April 16, 2012 falls on Emancipation Day in the District of Columbia. The deadline this year is Tuesday, April 17, 2012.

Tuesday, April 3, 2012

Clock ticking on 1.3 million waiting to file tax returns


It is now getting close to procrastination time. Both state and federal income taxes this year are due on April 17 -- and with two weeks to go, nearly 1.3 million tax filers out of an estimated 3.4 million have yet to file their MA income tax.

That's about 40 percent of all the tax returns DOR expects to receive for tax year 2011.

Monday, April 2, 2012

Best Of: Best Place to Do Your Taxes in Wrentham/Foxborough


Vote in this week's "Best Of" poll and defend your choice in the comments section. Then check back Friday for the winner.

http://wrentham.patch.com/articles/best-of-best-place-to-do-your-taxes-in-wrentham-foxborough

Well, tax season is in full swing as the filing date looms.

So, Wrentham and Foxborough, where do you go when you need your return done right?

Welcome to "Best of," Patch's new feature to determine the best local businesses.

How does it work? Well, all you have to do is vote for the best place to do your taxes in Wrentham and Foxborough in our poll below (or write in the comments if you think we missed one).

This poll will be up all week, with the vote closing at 9am on Friday. The winner will announced at noon that day.