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QuickBooks® with the SBDC – a limited time offer!

Through a special partnership with the SBDC, we are able to provide QuickBooks® training at UAA.
Costs have been reduced through a special agreement for the selected dates only and space is limited.
Funding is provided in part by the Small Business Administration (SBA).

Instructors are certified QuickBooks® ProAdvisors

Sign up online by clicking the link below, or contact the SBDC directly at:
430 W. 7th Avenue, Suite 110
Anchorage, AK 99501-3550
Phone: (907) 274-7232, Fax (907) 272-0565
Toll-free outside Anchorage: (800) 478-7232
antra@uaa.alaska.edu

http://aksbdc.ecenterdirect.com/Conferences.action (Select QuickBooks – Beginners, QuickBooks – Intermediate, or QuickBooks – Payroll course)

The schedule is as follows:

QuickBooks® – Beginning
September 8, 2010
9:00 am – 3:30 pm

QuickBooks® – Intermediate
September 22, 2010
9:00 – 3:30

QuickBooks® – Payroll
October 8, 2010
9:00 – 3:30

All the classes are to be held at UAA in the Rasmuson Hall Building Computer Lab #215 which is on the second floor.

What We Can Do For You!

There’s lots of talk about health care reform these days.  While most of us automatically consider health care for our bodies, have you considered the health of your business?  Do you know what your Business Health is?  There’s never been a better time than now to evaluate where your business stands and where it’s headed! 

When you need a checkup, or you’re sick, you most likely visit a qualified physician to help diagnose and treat your ailment.  What do you do when your business interests need a checkup or those interests are showing signs of sickness?  Common sense tells you to visit a qualified “provider” to diagnose and treat those business ills.

Here at Carter, we have a family of companies to assist!  We can help lower your overhead costs with outsourcing of accounting or management.  Is your business growing and you need help with Human Resource strategies?  What about your tax liability; do you know how the choices you make today effect your tax liability tomorrow? How about the stickler of providing low-cost health care coverage to your employees?

With all of these situations, Carter has solutions to get you and your business on track and stay there, providing a healthy return for you and your employees!

We invite you to call us today to schedule a complimentary consultation with our business professionals.

907-561-3871

Starting Your Business: Do You Have What

Join our CEO, Yvonne Rowland for this full day workshop.  Walk through the processes with Yvonne and learn what it takes to become a successful business owner.  Whether you’re a sole proprietor, or a partner in a larger corporation, this workshop is for you!

Register today!

Call 907-561-3871 to register, or register online below and save!

Jason Stralka – The Tax Guy at Carter Tax Incorporated; Condo dues

Click on the link below to listen to Jason Stralka, Carter’s Tax Guy, talk about Condo dues and how they can affect your tax liability if you have a home business.  For more information on what you can deduct for a home business, contact us at 907-569-3873.

carter tax #1 3-25-10

Carter’s Top 10: Facts about Taking Early Distributions from Retirement Plans—

Some taxpayers may have needed to take an early distribution from their retirement plan last year. We want individuals who took an early distribution to know that there can be a tax impact to tapping your retirement fund.  Here are ten facts about early distributions.

1. Payments you receive from your Individual Retirement Arrangement before you reach age 59 ½ are generally considered early or premature distributions.
2. Early distributions are usually subject to an additional 10 percent tax.
3. Early distributions must also be reported to the IRS.
4. Distributions you rollover to another IRA or qualified retirement plan are not subject to the additional 10 percent tax. You must complete the rollover within 60 days after the day you received the distribution.
5. The amount you roll over is generally taxed when the new plan makes a distribution to you or your beneficiary.
6. If you made nondeductible contributions to an IRA and later take early distributions from your IRA, the portion of the distribution attributable to those nondeductible contributions is not taxed.
7. If you received an early distribution from a Roth IRA, the distribution attributable to your prior contributions is not taxed.
8. If you received a distribution from any other qualified retirement plan, generally the entire distribution is taxable unless you made after-tax employee contributions to the plan.
9. There are several exceptions to the additional 10 percent early distribution tax, such as when the distributions are used for the purchase of a first home, for certain medical or educational expenses, or if you are disabled.
10. For more information about early distributions from retirement plans, the additional 10 percent tax and all the exceptions see call Carter Tax Incorporated and speak to a Tax Specialist at 907-569-3873.

Finding a Tax Preparer—

Most Americans will get assistance from a professional tax preparer or tax software when filing their taxes this year. Better Business Bureau encourages taxpayers to use caution when selecting tax preparation help or they may get hit with headaches and mounting fines and fees if the return isn’t correct or filed late.

According to the IRS, 80 percent of Americans enlist the help of a tax preparer or tax software when filing their taxes. Unfortunately, every year BBB receives thousands of complaints from consumers against tax preparers. Commonly, complainants state that the tax preparer made errors in their return which resulted in fines and fees.

“Even though the tax preparer completes the return, it’s the taxpayer who is ultimately responsible for the return’s accuracy and whether or not it’s filed on time,” said Alison Southwick, BBB spokesperson. “The fines, fees and hassles can mount if you choose an unreliable tax preparer and that’s why it’s important to do your research.”

BBB offers the following advice to find a trustworthy tax preparer:

• Ask around. Get referrals from friends and family on who they use and check the BBB Reliability Report on tax preparation services at www.bbb.org.
• Look for credentials. Ideally, your tax preparer should either be a certified public accountant, a tax attorney or an enrolled agent. All three can represent you before the IRS in all matters, including an audit. Also, find out if the preparer is affiliated with a professional organization that holds its members to a code of ethics.
• Don’t fall for the promise of a big refund. Be wary of any tax preparation service that promises larger refunds than the competition, and avoid any tax preparers who base their fee on a percentage of the refund.
• Think about accessibility. Many tax preparation services only set up shop for the months leading up to April 15. In case the IRS finds errors, or in case of an audit, you might need to be able to contact your tax preparer throughout the year.
• Read the contract carefully. Read tax preparation service contracts closely to ensure you understand issues such as how much it is going to cost for the service, how the cost will be affected if preparation is more complicated and time consuming than expected and whether the tax preparer will represent you in case of an audit.

~ Better Business Bureau

YouTube Video Winners Announced!—

Congratulations to the winner of the Carter Tax Incorporated YouTube (R) video contest!

Tim Sessions of South Weber, UT for his submission, “Trusty Tim’s Tax Season”.  
View it here:

We wish to thank all the entrants for their participation in the first annual Carter Tax YouTube® Video Commercial Competition!  Although there was only one grand prize winner, we think all the submissions were creative and entertaining, and want to share them with you here.

Follow the links to see the video submissions – did we pick the right one? 

“Cartexrapad”

“Taxcom” 

“Ericadvert”

“Ericadvert2″ 

“Davidadvert”

“Cube Puzzle”