Showing Tag: "tax" (Show all posts)

New Online Service To Submit Your Sales Tax Is Here!

Posted by Patricia Quinn McMahon on Friday, August 31, 2012, In : Business Owners 
We are making some improvements to Sales Tax Web File.  Now you will be
able to:

  -- file all schedules, late returns, and amended returns online
  -- apply for refunds or credits online
  -- store bank account information to use for future payments

To help promote compliance and ensure that all taxpayers are paying their
fair share, we are also asking you to report additional business
information, including:

 -- total non-taxable and exempt sales for each filing period
 -- total credit and debit car...
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Five Important Tips on Gambling Income and Losses

Posted by Patricia Quinn McMahon on Wednesday, August 29, 2012, In : Tax Payers 

Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must be reported on your income tax return. You can also deduct your gambling losses…but only up to the extent of your winnings.

Here are five important tips about gambling and taxes:

1. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the...


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IRS Offers Tips to Reduce Big Refunds and Prevent Tax Bills

Posted by Patricia Quinn McMahon on Friday, August 24, 2012, In : Business Owners 
IRS Offers Tips to Reduce Big Refunds and Prevent Tax Bills

The Internal Revenue Service reminds taxpayers that it's not too late to adjust their 2012 tax withholding to avoid big tax refunds or tax bills when they file their tax return next year.

Taxpayers should act soon to adjust their tax withholding to bring the taxes they must pay closer to what they actually owe and put more money in thei
r pocket right now.

Most people have taxes withheld from each paycheck or pay taxes on a quarterly bas...
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About Me


Patricia Quinn McMahon Hello, my name is Patricia McMahon. I am the owner of McMahon Bookkeeping Services. With 25 years of administrative, and bookkeeping skills, I have earned my experience with working with small business to large Corporations such as IBM. I started my Bookkeeping business in April of 2005. It has been an honor to help service other business owners with their bookkeeping needs. Knowing that my service helps other business owners keep their business running efficiently, gives me a lot of pride. I look forward to my work every day, and meeting more professionals to work with. I am also a mother of a beautiful 9 year old daughter.

 

McMahon Bookkeeping Services  ® April 2007

, Johnson City, New York 13790, US | 607-545-1687

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