Wednesday, December 19, 2012

Year End Information


Here are some Year End things that you need to be preparing for by December 31, 2012:

Ø Inventory Count:
  • o If you carry inventory for Resale you MUST do an Inventory Count at least once a year and if you have not done one already please make sure that you do this by the end of the year

Ø W-9-s
  • If you have not already sent me the W-9’s for your Landlord, Sub-Contractor(s)/Independent Contractor(s), Attorney, Professional Services etc please send this information to me ASAP as we are getting ready to work on the 1099’s very soon. We will start to issue the 1099’s in January and once we prepare them and if you have changes we will be charging a $25 per 1099 fee so please get this to us ASAP and avoid the extra fee.
  • I would highly recommend that you obtain W-9’s from the appropriate people BEFORE you pay them in the future and make sure that review the information on the W-9’s for accuracy and if you are not sure please call our office and we can walk you through this.

Ø Rate Sheets for 2013
  • If you have payroll you should have received, or will be shortly receiving, the 2013 Rate Notices from L&I and Employment Security, once you receive them you need to send them to ADP, Paychex or whomever does your Payroll. Please do NOT send them to us as we are not doing the payroll and we are going to be forwarding them to your Payroll Company anyways. Our busy time has started and we want to make sure that your Rate Sheets get to the right place in a timely fashion.

Ø Ask Client questions:
  • If you have any “Ask Client” questions that need to be completed, please do so ASAP so that we can prepare Year-End reports in a timely fashion and then start working on your Tax Return(s) so that you do not have to wait. A little planning now will save a lot of headaches come February through April.

Ø Sales Information:
  • Please get us your Monthly Sales information for November ASAP and December’s Sales information to us by NO LATER than January 10th, 2013 please.

Ø Outstanding Issues:
  • If there are any outstanding issues besides the above please try to get them resolved with us at your earliest convenience so that they do not become bigger issues come Tax Time.

I wanted to thank each and everyone one of you for another fantastic record year we have had. We wish all of you Happy Holidays and an even Happier and more prosperous New Year from all of us here at NW Accountants, Rizwan, Emily, Adriana and Erv.

As always if you have any questions or concerns please feel free to contact us.


Best Regards,

Rizwan Chaudhry
NW_Accountants_LogoJPG
19009 33rd Ave W Suite 203 Lynnwood, WA 98036
Phone:425-778-2665 | Fax: 425-678-0059
Email: rizwan@nwaccountants.com | http://www.nwaccountants.com

Friday, November 9, 2012

Busines Year End Checklist 2012


Business Year End Checklist 2012

The following is a list of items for your consideration in preparing for a clean year-end.   Once 12/31/12 is over, it will be too late to incorporate or change many of the accounting details that are important to your business. If you have any special needs, concerns, or questions, please contact us right away so that we can provide maximum service to you. 

1.        Mileage Logs need to be updated and retained.

2.       Notify Paychex/ADP that health insurance premiums paid by the company for the officers for full year 2012 need to be included on W-2, Box 1.  You must notify Paychex/ADP with the amount before the last payroll of the year. 

3.       Report any IRA or 401k payments to Paychex/ADP or whom-ever is your Payroll Processor.

4.       2013 Rate Sheets from Washington State Department of Labor and Industries and Washington State Employment Security Department must be sent to Paychex/ADP right away so that the first payroll of 2013 will be accurate.

5.       Advise us of any asset purchases during 2012.  Accelerated depreciation of these capital purchases may help your tax liability.

6.       If you have any out-of-pocket expenses for the business during 2012, please itemize them so they can be incorporated into your books if you have NOT already provided this to us.

7.       Take a look at your Corporate Minute Book to be sure that you have documented the required minutes of your meetings. If you do not have a Corporate Minute Book please contact us and we can let you know where you can purchase one from.

8.       Payments of $600 or more to individuals or companies that are not incorporated must receive IRS form 1099-MISC no later than 1/31/2013 for Services.  Be sure you have your vendor fill out Form W-9 completely with name, address, Taxpayer Identification No.  The IRS will assess penalties for every 1099 that does not have a correct Taxpayer Identification No or is not filed.  We have attached a W-9 should you need one please have it filled out including a date and signature and return back to our office ASAP so that we can file accurate 1099’s to the IRS and send your vendor copies to you to mail out.  We are not responsible for your failure to provide us with an accurate listing.

9.       Please make sure that if you carry Inventory for Resale that you take an Inventory Count by December 31, 2012 so that we can accurately calculate your Cost of Sales accurately. This is the law.

10.   In addition to the above, be certain that your accounts payable, accounts receivable, and loans   have accurate balances.  Update each employee file with a current and complete W-4 and I-9.  A new W-4 should be filled out for every employee by January 1st, 2013 and given to your payroll processor.

Please note that this is NOT an Exclusive list but just some main items that we feel are overlooked by clients. If you have specific requirements or reports that need to filed it is your responsibility to file these reports or make arrangements with our office to have these filed

Please call us right away with any questions, so that we can provide you with a clean cut-off at year end.
 
Your Accounting, Tax & Small Business Services Company
19009 33rd Ave W Suite 203 Lynnwood, WA 98036
 T: 425-778-2665 | F: 425-678-0059 |E: info@nwaccountants.com

 



 

Tuesday, October 30, 2012

Grand Opening of "The Hungry Pelican" on November 16



Snack & Shop! Announcing the Grand Opening of “The Hungry Pelican” in Snohomish, WA

Snohomish, WA-
The Hungry Pelican, a Collectibles and Delectables shop, announces its Grand Opening on Friday, November 16 through Sunday, November 18, 2012. There will be special discounts and tastings throughout the store all weekend. On Friday, November 16 at 5:00 PM, there will be a special ribbon cutting led by Mayor Karen Guzak welcoming the store to Historic Snohomish. Everyone is invited to enjoy the event.

The Hungry Pelican brings Collectibles and Delectables together, a unique combination of great foods and finds.  Most of the décor is a collectible looking for a new home. From antique to new including limited edition arts, hand crafted gifts, and silly little treasure.  Buy a vintage jar or picnic basket and have it filled with snacks, candies or fresh baked goods from the snack bar for a discount; a unique quick gift or afternoon in the park.

The Hungry Pelican offers a snack bar with delicious fresh fare; including canapés, sandwiches, salads, daily Specials, baked goods and refreshments. Bringing immersion brewing to Snohomish, taste the smooth flavor of made to order Clara Vista Coffee and Market Spice Teas. Also featuring Pacific Northwest specialty Sodas, Beers, Wines and Hard Cider by the glass. Enjoy relaxed seating amongst collectibles and art works, or nosh as your peruse.

The shop’s doors have been open since September 28. Visitors have enjoyed the new ambience of the 1930’s shop located at 113 Avenue C, Snohomish, WA. The shop offers a cozy front room with lounge style seating and light filled windows. The back room snack bar is a conversational kitchen with opened beam ceilings and a landscape mural of Snohomish Valley by local artist David Heck. A great place for small groups to meet, students to study, or friends to relax. Togo orders can be can be called in ahead. Free Wi-Fi is provided.

The Hungry Pelican is a first time venture for locals Jason and Terra Kelly, excited to combine a lifelong passion for collecting with Terra’s love and career with the Culinary Arts. Chef Terra creates feel good food, and believes there can be a lot of flavor in a little bite. Price and portion conscious, visitors say their meals are “just right”. Platters or boxed lunches can be custom designed for gatherings and meetings. 


The Hungry Pelican Location and Hours:
113 Avenue C, Snohomish WA 98290 -  360-243-3278
 www.TheHungryPelican.net (menus, beverage lists, collectible images)
Wednesday – Saturday: 10:00 AM – 6:00 PM
Sunday: 10:00 AM – 4:00 PM
Monday - Tuesday: Closed

 
News Release: October 22, 2012
For more information, please contact:
Debbie Emge, Snohomish Senior Center Board of Directors
emge@ci.snohomish.wa.us   425-244-6967

Thursday, October 18, 2012

NW Washington Women’s Business Center now offers hundreds of online courses


Everett, Washington – October 17, 2012 – NW Washington Women’s Business Center (NWWBC) is pleased to announce it now has a program that makes it easy for you to take high-quality, noncredit online courses no matter where you are located. Through a partnership with ed2go, NWWBC offers hundreds of courses on just about every topic.

Through well-crafted lessons, expert online instruction, and interaction with fellow students, you’ll gain valuable knowledge at your convenience. You’ll have the flexibility to study at your own pace combined with enough structure and support to complete the course. The courses can be accessed 24/7 from anywhere with an Internet connection.

New sessions of each six-week online course start monthly, with two lessons released weekly (for a total of 12). Each high-quality course includes comprehensive lessons, quizzes, assignments, and a discussion area. Dedicated instructors facilitate every course; pacing learners, answering questions, giving feedback, and facilitating discussions.

Popular course titles include: Creating Web Pages, Accounting Fundamentals, Speed Spanish, Grant Writing, Medical Terminology, and Real Estate Investing. New courses are introduced monthly, so there’s surely something to fit your needs.

To learn more, visit NW Washington Women’s Business Center at 425.423.9090 or visit them online at http://www.ed2go.com/nwwbc/ 


Contact:
Alicia Haynes
3015 Colby Ave. Suite 251
Everett, WA 98201
425.423.9090

###

Tuesday, October 2, 2012



Southwest Veterans' Business Resource Center
 
 Proudly Presents and Host

Secrets to Success for Your Veteran Owned Business - Get the tools you need to take your business to the next level!

 Tuesday, November 6th 0800 – 1700 
3925 NE 72nd Avenue, Suite 103, Vancouver, WA 98661



A must attend event for veterans and those who support the veteran community!

For Veterans: 
  •         Learn public law 106-50 benefits veterans and veteran business owners
  •         How to become a Certified Veteran Enterprise
  •         How to find Veteran friendly employers
  •         Meet a host of resource partners supporting veteran organizations including a visit from the SBA's Veteran Procurement Liaison from Washington D.C.
For Small Business:
  •         Learn how the small business jobs act is benefiting small businesses, and how you can leverage this to boost your own business
  •         Network and meet a wealth of small business support organization in Washington State
  •         Free training on cost effective ways to mediate and resolve conflicts in the workplace and in business.
For the Community:
  •         Meet local veteran business owners and veteran workers looking to serve you.
  •         Learn about great organizations supporting veterans and small business and how you can refer veterans to those who can help
  •         Understand how helping veterans find these resources brings federal funds to veterans and the community.
  •         Learn about incentives and tax credits for hiring veterans

Agenda

0800-0900 - Welcome, opening remarks and introductions
  •          Mission of the SWVBRC
  •          What Public Law 106-50 means for Veterans and Veteran Business Owners
  •          How to obtain certification as a Veteran Owned small Business or Service Disabled Veteran Owned Small Business through the VA’s Center for Veterans Enterprise.

0900-1100Free resources to help your business grow and thrive (listed organizations are invited)
  •          Washington State Procurement Technical Assistance Center (PTAC)
  •          Small Business Development Centers: From business planning to counseling and much more, the Washington Small Business Development Center network can add a wealth of knowledge and resources improve your chances for success.
  •          Service Corps of Retired Executives: Acquire mentorship, counseling, and guidance from retired business executives who volunteer their time to support small business.
  •          Upcoming Training Classes hosted at the SWVBRC in 2013
  •          Veterans Business Outreach Center - SBA Grant funded initiative in Washington State

1100-1200 - Break-out groups first 30 minutes followed by general discussion and "harvesting" of best ideas during the second half.

1200-1300Working Lunch – Preventing and Resolving Conflicts in the workplace – Mr. Dan Sockle.


1300-1400 - Additional community resources supporting the Veteran Community

  •          Washington State Department of Veterans Affairs
  •          Community Military Appreciation Committee
  •          Care Option Resources
  •          Allen Resources Group, Inc.
  •          Vancouver Chamber of Commerce
  •          Columbia River Economic Development Council

1400 – 1500 - Veteran Employment Resources and Veteran Friendly Employers
  •          Worksource
  •          Washington State Department of Veterans Affairs
  •          LKE Corp – Kim Erion
  •          Viking Government Services – Carroll Bernard

1500-1600   Presentation by Mr. Stan Fujii, Director of Veterans Programs at the U.S. Small Business Administration in Washington D.C.

  •         SBA programs assisting veterans and small business owners
  •          How does the Small Business Jobs Act of 2010 help your small business
  •          Forecast of upcoming programs to look out for (ie. New Mentor Protégé programs for SDVOSB, WOSB, & Hubzone), etc.

1600-1700Second Breakout/ Networking time

* Participating business, speakers and organizations presented on this agenda have been invited to participate in this event.  Agenda subject to change based upon availability.

Location
3925 NE 72nd Avenue, Suite 103, Vancouver, WA 98661
Phone: 360 314-6325
For all questions please contact our office staff in Vancouver