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Feb. 2016

It All Add$ Up Bookkeeping and Tax Tips
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Here we are approaching the end of February and we're all well aware that it's 'THAT TIME OF YEAR' - TAX TIME. Unfortunately, it's also 'that time of year' for tax fraud. As you're preparing your taxes this year, we urge you to also make it a point to take extra steps to protect yourself from fraud. We provide tips below.  

Being that we work with many small business owners, we're also taking a moment to reflect on business ownership - is it right for you?  Please share this newsletter if you have a friend considering this exciting journey.

We're now accepting appointments for the 2016 tax season.  To schedule your appointment, call us at 724-359-5022 or send us a note via our contact form. 
CREDIT CHECK
Credit Report
Credit checks are more important than ever.
Tax fraud is always on the rise this time of the year.  A breach in the IRS last year allowed the thieves to steal names, addresses, Social Security numbers and more from thousands of individuals.  It is possible these crooks will use the information to file fake tax returns in 2016.  In an effort to prevent fraud, the IRS has changed their efile system so that tax preparers can enter driver's license information (or other state ID) along with the tax return.  By actively monitoring your credit reports, it allows you to be proactive in stopping thieves from using your information.  

Your credit score is one of the most important factors of your financial life. Banks use it to decide whether to give you a credit card or loan. Some service providers use it to determine whether you should pay a security deposit. Car insurance providers consider your credit score when setting your insurance rate.  Click below to see how you can protect yourself from cybercrime.  
BUSINESS OWNERSHIP - IS IT RIGHT FOR YOU?
Small Business Owner
Before you embark on this journey, be sure to properly prepare.
An idea and a dream of owning your own business.  That's how many small business owners began their journey.  For some people owning a business may be a second career, or a result of being downsized.   Whatever the reason, owning a business is hard work and not for the faint of heart.  Be prepared to work hard, wear a lot of hats and stretch yourself out of your comfort zone quite regularly.

Like any big goal, if you start by breaking it down into smaller tasks, you'll be able to tackle enough of the actions necessary to get started.  SCORE, a nonprofit organization of volunteer executives, is a great place to get free business advice and guidance.  We recommend you follow these steps toward entrepreneurship.

TAX TIME
Paxton Bookkeeping and Tax Services is taking appointments for the 2016 Federal Income Tax Season for both personal, as well as business tax returns.  To schedule your appointment, call us at 724-359-5022 or send us a note via our contact form below. 
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