May 25, 2011 Newsletter

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Newsletter May 25, 2011
Important IRS Audit Information,QuickBooks Classes for Every Skill Level


IRS Audit Pic 05-24-11New IRS Rule:The IRS has a new rule: When they audit your records, they now require a copy of the existing QuickBooks company working file. But QuickBooks does not have the functionality to extract only the appropriate data for the audited tax year … and no one wants to turn over files for unaudited years to the IRS.The Queen of QuickBooks provides a solution:

The above scenario could present a big problem for both the client and the tax preparer, but we have a solution. Pamela Lyons has a utility – a proprietary software program – that extracts a company’s financial information with a certain date range.  Although the process is highly technical, it is successful – and tax preparers are excited about the ability to have their client’s information extracted for audits.

If you are audited…

You’ll want to be sure your tax preparer knows about this new utility. Contact the Pamela Lyons for more information and a case history.

iStock_Ant and grasshopper May 2011 6Classes for Every Skill Level:

Be the ant, not the grasshopper! Use the summer to get your accounting ready for a successful year with these classes.

Class sizes are small, and seating is limited. See the Queen’s Academy for class times, details (convenient San Rafael location), and to sign up.

Pamela Lyons, the Queen of QuickBooks, provides clients with easy-to-use, efficient, time and money saving solutions for all their accounting needs.  Contact us today to find out how we can help you!


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