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Privateer Services Inc.
Tax Preparation
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Privateer Services Inc.

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There are many reasons we are more of a boutique service and do not accept "shepherding in the masses for tax return services" as a business practice.

There are also many reasons to stay above board in your practices... These are 192 of them.
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Privateer Services Inc.

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Most documents (W-2s, Form-1099s) are required to be postmarked no later than January 31st each year.  

After the government shutdown a few months ago, the IRS needed a bit more time to test its system with all the new tax code (there's new code every year), so Jan. 31st is now the first date they'll accept your 2013 tax returns to be e-filed.
2014 Tax Season to Open Jan. 31; e-file and Free File Can Speed Refunds. IR-2013-100, Dec. 18, 2013. WASHINGTON — The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file or Free File as the fastest way to receive refunds ...
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Privateer Services Inc.

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Attention clientele: If you're looking to upgrade your Quicken or Quickbooks software to the 2014 versions, contact us first. We may be able to help!
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Next major deadline approaching...  Corporations need to be filed by September 15th!
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Food for thought:

"Whereas happy people, it seems, may be the most effective in the workplace...." 
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Are you the owner/operator of a corporation? Regardless of entity type, ALL corporations must either file their tax return OR an extension by tomorrow, March 15.  Remember that some states are now requiring extensions as well.
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Privateer Services Inc.

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Holy cow, folks! Don't shoot the messenger!!
This season is turning dangerous for tax preparers, according to published reports.
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Synopsis:  The tip that used to be automatically added to large parties (6+) will no longer be added in automatically, and will be termed a 'Service Charge' from now on.

This is a big change being generated by the IRS,  and affects many people down the line.  Beyond the big message (PLEASE DO NOT STIFF YOUR SERVERS), there are tax ramifications to keep in mind.

How it affects the servers:
* This 'service charge' will be added into their paychecks, so they may have to wait 2 weeks to get it.  (A cash gratuity in this case may be above & beyond the set 'service charge' amount -- we recommend verifying this before giving a cash tip of any amount to make sure.)  [But remember, the cash you give cannot usually be expensed, and will still have to be claimed by the server at some point.]
* It will be taxed just like their regular wages, so there will be less guessing/estimating how much they made on their tax returns.  (They must still continue to report daily tips, though.)
* Servers are generally responsible for all payroll taxes on their gratuities when filing their taxes (hence the usual fudging).  However, in this case, the payroll taxes on the 'service charges' will be covered, and it should all be reported on the 2014 Form W-2.  This may actually help the individual at the end of the year; by not having to pay the additional taxes, they may receive a larger refund.
* These gratuities/service charges are now eligible for deduction if the employee has any garnishments or preexisting deductions in effect.

How it affects the restaurants:
* More time spent on back-office accounting; these 'service charges' must be added directly into payroll, which means a lot of double-checking daily POS reports.
* The employer must pay payroll taxes on these amounts.  While it is a deductible expense on their part, it is still more expensive in the long run.
Starting January 1, the IRS will classify automatic gratuities as service charges that are taxable as regular wages and subject to payroll tax withholding.
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A friendly open note to our corporate and self-employed clientele:

#1 - Stop making cash transactions.
#1A - Failing that, keep your receipts from those cash transactions and SUBMIT THEM  to us with your annual tax documents.

There is no #2.

Have a great weekend!
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Another year of Quickbooks certifications and CPE's...
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Getting down to the wire. If you're not ready to file your individual taxes by Monday, remember to get an extension in!
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Sorry, your pet's medical bills are not deductible....and other fun debunking here. #4 is especially good.
It's getting to be that time of the year again. The time when Tax Day is fast approaching and you start hearing conflicting things from friends and family about what is—and what isn't—okay when filing...
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Contact Information
Map of the business location
4915 Rattlesnake Hammock Rd #139 Naples, FL 34112
4915 Rattlesnake Hammock Road #139USFloridaNaples34112
(239) 774-3713
Tax Preparation, Bookkeeping ServiceToday 9:00 am – 5:00 pm
Monday 9:00 am – 6:00 pmTuesday 9:00 am – 6:00 pmWednesday 9:00 am – 6:00 pmThursday 9:00 am – 6:00 pmFriday 9:00 am – 5:00 pmSaturday 12:00 – 3:00 pmSunday Closed
Originally operating as Privateer Taxes, we have offered tax preparation services since 2001. Being based in Las Vegas at the time, the majority of our clientele were in the entertainment industry. After over a decade, we now serve individuals and corporations of all types from coast to coast, with specific emphasis on real estate professionals.

Privateer Services Inc. is now based in Naples, Florida. We offer assistance with bookkeeping, payroll, and corporation start-up, in addition to all of your tax-based needs, including the issuance of Form-1099's.

* Bob has been a member of the National Association of Tax Professionals since 2005, and was accepted as an Enrolled Agent to practice before the IRS in 2011. He has been preparing taxes since 1996, and attended Bradley University. He is also a member of the National Society of Accountants.

* Jen has been a QuickBooks ProAdvisor since 2008. She has held professional accounting positions since 1988, and attended the University of Nevada, Las Vegas.
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