Saturday, April 26, 2014

Headache Free Bookkeeping!

Are you tired of doing your own accounting and bookkeeping? Do you dread preparing for tax season? Are the high costs of accounting firms making you angry?

Enjoy Affordable, Reliable and Headache-Free Bookkeeping With Kathryn C. Tiffany, LLC.

Meet Kathryn C. Tiffany, LLC Bookkeeping Services. We specialize in serving startups, small businesses and medium enterprises with bookkeeping and accounting services that are amazingly flexible and affordable. We let you focus on your business while we maintain your books and records with ease.

We have clients throughout New Jersey and parts of Pennsylvania & Delaware and we are ready to work with you. Our clients include professional corporations, engineering firms, homeowner's associations, restaurants/bars/cafes, salons, insurance companies, doctors, tech companies, consultancies, non-profits, startups, software firms and everything in between. There is a reason Kathryn C. Tiffany, LLC Bookkeeping Services is in high demand. We are incredibly flexible and affordable and we adapt to your business needs.

"Professional and knowledgeable... Their services allowed my team to focus on what we're good at!" -C. Dover

Here are a few of our accounting and bookkeeping services:

-QuickBooks (all versions and editions): setup, maintain, training, support

-TOPS Condo/HOA Management Solutions Software

-Weekly and Monthly Records

-Expense Reports

-Accounts Receivable and Accounts Payable

-Account Reconciliation

-Income & Expense Statements, Balance Sheet and Financial Statements

-Payroll and Related Taxes

-Accounts Management

We offer FREE no-obligation consultations with every new potential client so you are assured of our services, results and costs before you commit. We have hourly, daily, monthly and by-the-job pricing to meet any budget for any client. We serve startups and multi-million dollar businesses alike. Call us for more information and to schedule a consultation show contact info

Kathryn C. Tiffany, LLC Bookkeeping Services can be reached at show contact info or visit us on the web www.TiffanyAccounting.com

Kathryn C. Tiffany, LLC (Licensed, Insured and Bonded)
Certified QuickBooks ProAdvisor
Located in Voorhees, New Jersey
Intuit QuickBooks Profile: http://proadvisor.intuit.com/quickbooks-help/kathryn-tiffany
Web: http://www.TiffanyAccounting.com



Keywords: QuickBooks, Bookkeeping, bookkeeper, book keeping, book keeper, reconciliation, accounts payable, payroll, accounts receivable, tax prep, tax preparation, year end, accounting, cpa, accountant, W2, 1099, 1099's, accounting, financial services

Church employee arrested on embezzlement charge

WARREN A 58-year-old employee in the Niles Sewer Maintenance Department was arrested on the job Friday afternoon on a secret indictment charging him with embezzling $97,000 from a local church.

An indictment against Michael Marrara, of 215 Sayers Ave., accuses him of a fourth-degree felony charge of theft, punishable by up to 18 months in prison.

The indictment also spells out allegations of how Marrara used a Sam's Club credit card from Our Lady of Mount Carmel Church to make a variety of purchases between June 1, 2008, and Dec. 31, 2012.

Friday, April 25, 2014

➥ Our Bookkeeping Business is New Jersey Small Business' Best Friend!

We are making recommendations, cutting expenses, increasing profits and giving you the information that you need to grow your business in one of the hardest economies America has seen in 100 years. We are working long hours, pouring over every detail and making every dollar count. Let us bring this good-old fashioned American work ethic, also not seen in 100 years, to work for you and your business.

Call us now so we can show you why business in the South Jersey area are calling us a "True Blessing" and "Simply Amazing" because of what we do, how we do it and what our fees are!

We are just like your public servants on call and ready to put this power to work for you Back to American Basics -- Where you ARE the Client -- and at Kathryn C. Tiffany, LLC Bookkeeping Service we do what it takes! Don't simply trust this ad Give us 15 minutes and we will show you why our clients RAVE about us!!

We are an all-inclusive Low Rate -- High Service organization. We are bringing Bookkeeping right Back to where it belongs: American Basics -- Where you are the #1 Client - Professional Business References Available for your review- Please contact Kathryn at (856) 803-4651.

We are licensed, bonded and insured. We live in South Jersey and all the fees that we earn stay right here in New Jersey. Please support New Jersey small businesses -- wherever you decide to get your bookkeeping done!

Kathryn C. Tiffany, LLC
Certified QuickBooks ProAdvisor
Voorhees, New Jersey
Phone: 856-803-4651
Email:Kathryn@TiffanyAccounting.com
Web: http://www.TiffanyAccounting.com
Intuit QuickBooks Profile: http://proadvisor.intuit.com/quickbooks-help/kathryn-tiffany

Member of:
American Institute for Professional Bookkeepers
National Bookkeepers Association
Intuit QuickBooks program - Certified QuickBooks ProAdvisor
Voorhees Business Association
Chamber of Commerce
Journal of Accountancy and Accounting Today
Association of Certified Fraud Examiners

Keywords: Quick Books, Quickbooks, Bookkeeping, Book Keeping, Bookkeeping Services, QuickBooks, Accounting, Small Business Bookkeeping, Accountant, Financial Recordkeeping, Small Business Accountants

Bookkeeper accused of keeping $400K in North Carolina taxes

RALEIGH, N.C. —North Carolina revenue officials say a bookkeeper at a Concord-based business has been arrested and accused of keeping more than $400,000 in state and county taxes for the company.

The News & Observer of Raleigh reported the woman also is accused of keeping more than $260,000 in income tax from employees' paychecks.

Sixty-one-year-old Barbara Butler of Harrisburg was arrested Wednesday and was charged with two counts of embezzlement of state property and one count of embezzlement by a public officer or trustee.

Butler was the secretary treasurer and bookkeeper for Butlerbuilt Motorsports Equipment, which sold customized seats and other gear for race cars. Warrants say the money was used for the company, not for Butler personally.

It was unclear if Butler has an attorney. 


 RALEIGH — The secretary/treasurer and bookkeeper of Butlerbuilt Motorsports Equipment, a Concord-based vendor of customized seats and other gear for race cars, was arrested Wednesday on charges that the company kept more than $400,000 in state and county sales tax and $261,000 in income tax from employees' paychecks from as far back as December 2003. 

Barbara Butler, named in three arrest warrants obtained by the state Department of Revenue, was listed in those as Barbara Beard Butler and on Wake County arrest records as Barbara Jean Butler.

Butler, 61, of 8263 Addison Drive in Harrisburg, was being held in the Wake County Detention Center in lieu of $1 million bail for a first court appearance Thursday in Wake County District Court.

Read more here:
http://www.newsobserver.com

Wednesday, April 23, 2014

Kathryn C. Tiffany, LLC Bookkeeping Services

Kathryn C. Tiffany, LLC  Bookkeeping Services provides the support, objectivity and expertise businesses need to succeed within the context of an ever-changing business landscape. We offer a broad spectrum of bookkeeping, accounting, QuickBooks consulting services across a number of industries to give business owners and managers the insight they need to prosper.

Kathryn C. Tiffany, LLC  has over 30 years of experience serving small and middle market companies. As an licensed, insured and bonded bookkeeping firm, Kathryn provides bookkeeping and accounting services to many New Jersey, Delaware and Pennsylvania companies. 


Kathryn’s bookkeeping and accounting services professionals provide its clients with value added accounting and outsourcing services including QuickBooks services for your business.

SCOPE OF SERVICES

 
Bookkeeping/Accounting

Kathryn C. Tiffany, LLC  is committed to excellence in client service. We are driven by a set of core values to ensure a positive client experience. These are:

  • Financial statement preparation: reviews and compilations 
  • Monthly, quarterly, and annual financial reporting statements 
  • Implementation of new accounting software packages
  •  Bill paying services
  •  Business management
  •  Payroll and sales taxes
  •  Accounting assistance
  •  Bookkeeping
  •  General ledger review
  •  Financial assessment reports
  •  Business start-up consulting
  •  Budgeting and forecasting
  • General business consulting

Accounting Outsourcing

    Accounts payable/receivable
    General ledger accounting
    Account reconciliations
    Fixed asset management
    Month, quarterly and year-end closings
    Payroll tax and sales tax return preparation
    Cash flow management
    Implementation of new accounting software packages.


Contact

Phone: (856) 803-4651

E-mail: Kathryn@TiffanyAccounting.com


Located in Voorhees, New Jersey

Visit us on the Web

Here’s How Shady Tax Preparers Plan to Steal Your Money

Fraud among fly-by-night, seasonal tax preparers who open up shop in vacant storefronts and trailers costs taxpayers billions of dollars each year. It has prompted the IRS to seek to regulate tax preparers by requiring education courses and examinations 

Every tax season, Elmer Kilian takes out a wooden homemade shingle that says E.H. KILIAN’S TAXES and puts it out in front of his house in rural Wisconsin. The 82-year-old Korean War veteran has prepared locals’ taxes on his dining room table for the last thirty years, helping around 100 people in the town of Eagle file to the IRS, from the local grocer to the neighbor down the street. He charges $40 for a basic filing and a little extra for the frills.

Kilian is one of more than 600,000 paid tax preparers who are virtually unregulated by the IRS. Many are as scrupulous as Kilian is, but fraud among fly-by-night, seasonal tax preparers who open up shop in vacant storefronts and trailers costs taxpayers billions of dollars each year. “It’s not just one or two bad apples. It’s pervasive,” says Chi Chi Wu, an attorney for the National Consumer Law Center. “And these problems persist.”


Read the full article.

Caught on the 'Price Is Right': Workers Compensation Fraud


ABC US News | ABC Business News

Cathy Cashwell as well as some NYC police and firefighters are under investigation for workers comp fraud. 


Don’t Lose Money Because of Sloppy Bookkeeping

Condos and HOAs
Living with Rules
by: Lisa Magill, Esq.


About 2 ½ years ago I wrote about a case involving the Wellesley at Lake Clark Shores HOA which lost out on collecting close to $2,000 in interest and late fees and also lost out on collecting a whopping $10,000 in attorney’s fees due to bad recordkeeping. The Court, in that case, said that the association’s accounting methods were “woefully inadequate” to collect money as a result of the Claim of Lien filed against the property.  

 Another case with a similar result was recently issued by the Fourth District Court of Appeal. In that case, Plaza 3000 had problems with a particular owner over the years.  Maintenance assessments were rarely, if ever, paid on time and they were always arguing what was actually due and owing.  The lot owners complained that Plaza didn’t credit checks on a timely basis and that resulted in improper interest charges against the account.  Meanwhile, the owners often marked checks with a restrictive endorsement (i.e. “paid in full”).

Plaza wound up recording a claim of lien and commencing foreclosure proceedings against the owners.  It claimed there was approximately $26,000 due on the account, some of which for interest charges.

The owners filed several counterclaims in response as well as raised many affirmative defenses.  One of the counterclaims was for Slander of Title.  Slander of Title occurs when someone falsely alleges an ownership interest in the property of another, or when someone disparages the property interest of another. The elements of slander of title claims are:

(1) Defendant communicated to a third person;

(2) A statement disparaging plaintiff’s title;

(3) The statement is untrue; and

(4) Defendant’s communication caused plaintiff to suffer actual damages.

The owners claimed that the claim of lien recorded in the public records and the lis pendens recorded as a result of the foreclosure slandered title to their property.  The trial court (lower court) dismissed this counterclaim because they found that the owner failed to allege actual damages (element #4).  The appellate court disagreed and found that if the lien prevented the owners from obtaining a conventional loan that meant they had to pay higher loan costs and higher interest.  The owners also claimed that they lost a contract to sell the property, couldn’t rent out the property and suffered from credit problems.  These were all special damages that supported the counterclaim.

The appellate court reversed an award for attorney’s fees for Plaza 3000, since the trial court didn’t make a finding that the counterclaim was “completely frivolous or entirely lacked merit”.

In the end the appellate court found that Plaza 3000 didn’t prove it was owed any portion of the $26,000 it included in the claim of lien and since Plaza refused to accept payments tendered by the owners (even with the restrictive endorsement) it couldn’t collect interest or attorney’s fees on any assessments that came due after the claim of lien was filed.

This case again shows the importance of crossing “t’s” and dotting “i’s” when it comes to accounting records and the obligation to accept payments on account, even if for less than the full amount due.



Story and comments/reaction:   http://blogs.sun-sentinel.com