Strong Tower Tax & Payroll

2012-01-28T19:22:00.001-05:00

Find planning tools and tax calculators at http://ping.fm/PudKn

2012-01-04T14:56:00.001-05:00

http://ping.fm/bY9gW
Tax Calculator courtesy of Strong Tower Group, LLC

2011-10-11T22:58:00.001-04:00

Tax Dates: Oct 15 - Individual deadline for extended tax returns. Oct 17 - Deadline to reclassify Roth IRA conversions back to Traditional

2011-09-21T20:05:00.001-04:00

http://ping.fm/JVJxX
Link to the new 1099K form. If you accept credit cards, the bank will send you one.

2011-07-20T15:36:00.001-04:00

Good News on IRS Mileage Deduction:

http://ping.fm/74Gnw

2011-07-15T21:51:00.001-04:00

Hope you got your quarterly returns in on time. Today is July 15th, quarterly return deadline for certain businesses.

2011-02-24T17:21:00.001-05:00

Nasty, rainy day here in Louisville.

2010-11-24T15:57:00.001-05:00

Now is the time for 2010 tax planning! Don't wait until you get W-2s and start to plan because it will be too late!!!

2010-06-10T14:08:00.001-04:00

Tax Savings During Summer Time http://ping.fm/2hL86

2010-05-03T21:50:00.001-04:00

Save all paperwork on any repairs made to your property due to the current flood situation. Congress may extend a tax credit for you.

2010-04-08T15:10:00.001-04:00

Busy day in the office today. We will be here late tonight if you have any questions or help with your return.

2010-03-22T20:43:00.001-04:00

One Price Accounting Solutions! Have all of your accounting needs solved with one, easy price and no surprises!

2010-02-15T13:47:00.001-05:00

Did you buy a new car? Sales tax on the purchase of the car is deductible.

2010-02-15T09:34:00.001-05:00

In Downtown Lex at Awesome Inc today because of the weather. Come see us if you are Downtown today.

2010-02-11T16:38:00.001-05:00

Strong Tower Group has a tax season Lexington home. Come see Chad at Awesome Inc on Main St in Lexington every Thursday evening.

2010-02-10T13:12:00.001-05:00

Did You Know: The interest paid on the RV/Houseboat loan is deductible. To claim this deduction you must itemize tax deductions.

2010-02-02T22:10:00.001-05:00

important dates:
Mar 15 - Deadline for Free Application for Federal Student Aid (FAFSAs) in Kentucky.
Apr 15 - IRA contribution deadline

2010-02-02T18:21:00.001-05:00

Louisville/S. Indiana friends...I will be in the Louisville area tomorrow (Wednesday) for anyone who needs tax help...

2010-01-29T14:07:00.001-05:00

Going to school next fall? Strong Tower Group will prepare the Free Application for Federal Student Aid (FAFSA) at no charge for our tax clients!

2010-01-25T16:48:00.001-05:00

People who give to charities providing earthquake relief in Haiti can claim these donations on the tax return they are completing this season, according to the Internal Revenue Service. Taxpayers who itemize deductions on their 2009 return qualify for this special tax relief provision, enacted Jan. 22. Only cash contributions made to these charities after Jan. 11, 2010, and before March 1, 2010, are eligible. This includes contributions made by text message, check, credit card or debit card. The new law only applies to cash (as opposed to property) contributions. The contributions must be made specifically for the relief of victims in areas affected by the Jan. 12 earthquake in Haiti. Taxpayers have the option of deducting these contributions on either their 2009 or 2010 returns, but not both.

2010-01-25T15:01:00.001-05:00

Haiti Relief Donations Qualify for Immediate Tax Relief-People who give to charities providing earthquake relief in Haiti can claim these donations on the tax return they are completing this season, according to the Internal Revenue Service. Taxpayers who itemize deductions on their 2009 return qualify for this special tax relief provision, enacted Jan. 22. Only cash contributions made to these charities after Jan. 11, 2010, and before March 1, 2010, are eligible. This includes contributions made by text message, check, credit card or debit card. The new law only applies to cash (as opposed to property) contributions. The contributions must be made specifically for the relief of victims in areas affected by the Jan. 12 earthquake in Haiti. Taxpayers have the option of deducting these contributions on either their 2009 or 2010 returns, but not both.

2010-01-21T19:48:00.001-05:00

Be sure to ask your financial advisor about the special Roth IRA conversion rules for 2010. If you don't have an advisor I know a good one

2010-01-18T18:14:00.001-05:00

Lots of tax credits this year. Don't worry. We can help you sort it out.

2010-01-15T15:34:00.001-05:00

Today starts the official beginning of tax season.

2010-01-13T17:05:00.001-05:00

KY Businesses: Submit your W-2/1099 info online: http://ping.fm/cNp53

2010-01-08T13:34:00.001-05:00

THe IRS starts accepting E-files next Friday, Jan 15.

2010-01-04T20:57:00.001-05:00

Coming soon: Wii While You Wait!!

Wii is a registered trademark of Nintendo of America, Inc. Nintendo is not affiliated in any way with Strong Tower Group, LLC

2009-12-31T15:22:00.001-05:00

On behalf of everyone at Strong Tower Payroll & Accounting, Have a Happy New Year!!!!

2009-12-29T15:47:00.001-05:00

Save taxes with 529 educational plans. Ask us how.

2009-12-28T13:15:00.001-05:00

Year end tax tips (part 2):
Consider maximizing your pretax contributions to your IRA. For an IRA you can contribute $5,000, or $6,000 if you are over age 50 or older.

2009-12-28T13:14:00.001-05:00

End of the year tax tips (part 1):
1. Consider year-end business purchases. Business owners with self-employment income can purchase up to $250,000 worth of business equipment and take a full tax deduction in 2009. To qualify, the equipment must be in service by year-end.

2009-12-23T15:41:00.001-05:00

If you are bored, come see us. We are in the office today...

2009-12-20T22:13:00.001-05:00

From all of us at Strong Tower Group...Have a safe and Merry Christmas and a very successful 2010!!!

Ten Things to Know about the Extended First-Time Homebuyer Credit

2009-11-25T12:41:00.000-05:00

There are ten things that the IRS wants you to know about the extended first-time homebuyer credit. Previously, the rule was that you needed to close on the home before December 1, 2009. On November 6, 2009, Congress voted to extend the credit program (however, the rules are slightly different).

Below is an article excerpted from the IRS website:

----------

If you are in the market for a new home, you may still be able to claim the First-Time Homebuyer Credit. Congress recently passed The Worker, Homeownership and Business Assistance Act Of 2009, extending the First-Time Homebuyer Credit and expanding who qualifies.

Here are the top 10 things the IRS wants you to know about the expanded credit and the qualifications you must meet in order to qualify for it.

1. You must buy – or enter into a binding contract to buy a principal residence – on or before April 30, 2010.

2. If you enter into a binding contract by April 30, 2010 you must close on the home on or before June 30, 2010.

3. For qualifying purchases in 2010, you will have the option of claiming the credit on either your 2009 or 2010 return.

4. A long-time resident of the same home can now qualify for a reduced credit. You can qualify for the credit if you’ve lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the new home is purchased and the settlement date is after November 6, 2009.

5. The maximum credit for long-time residents is $6,500. However, married individuals filing separately are limited to $3,250.

6. People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after November 6, 2009. The full credit is available to taxpayers with modified adjusted gross incomes up to $125,000, or $225,000 for joint filers.

7. The IRS will issue a December 2009 revision of Form 5405 to claim this credit. The December 2009 form must be used for homes purchased after November 6, 2009 – whether the credit is claimed for 2008 or for 2009 – and for all home purchases that are claimed on 2009 returns.

8. No credit is available if the purchase price of the home exceeds $800,000.

9. The purchaser must be at least 18 years old on the date of purchase. For a married couple, only one spouse must meet this age requirement.

10. A dependent is not eligible to claim the credit.

For more information about the expanded First-Time Home Buyer Credit, visit IRS.gov/recovery.

Right On The Money - Issue One

2009-11-11T18:44:00.001-05:00

Tax Planning

The year is nearly over and the focus is beginning to shift towards Christmas and holiday shopping. The end of the year is also an excellent time to plan for TAXES.

Most people don't want to bother until all of their paperwork is in and its time to file. This is a HUGE MISTAKE. Planning now may save you hundreds on your tax return and save time in getting your refund.

Steps to take with year-end tax planning:
1. Save your final paycheck stub(s): This will allow you to get your tax return started without waiting for W-2's.

2. Make an extra house payment: You can take a tax deduction on the interest portion of the extra payment.

3. Make an extra contribution to a QUALIFIED retirement plan or get one started: You can deduct the amount of taxable income on your return by the amount you contribute to qualified plans.

4. Use up your Flexible Spending Account: This has already saved you money on taxes. However, this is counter-productive if you don't use up the funds within the account (Not to be confused with Health Savings Account).

5. Charity Donations: Deductible if you itemize deductions.

6. Tax Preparation Fees: Deductible if you itemize.

7. Pay down medical debt: Medical expenses that surpass 7 1/2% of your Adjusted Gross Income are deductible.

8. Job search expenses: If you searched for a job within the same field, expenses such as resume preparation, career counseling, travel, and phone calls are deductible.

IRS Simplifies Rules for Employer-Provided Cell Phones

2009-07-31T11:51:00.003-04:00

... as pulled from our website's monthly newsletter...

The IRS surprised many businesses and practitioners in June when it announced it is reviewing the long-time recordkeeping rules for employer-provided cell phones. The announcement generated so much confusion that its chief, Commissioner Douglas Shulman, clarified that the agency is not "cracking down" on employer-provided cell phones. Shulman also asked Congress to reform the recordkeeping rules for employer-provided cell phones.

Special recordkeeping rules

In 1989, the IRS imposed strict recordkeeping rules to show business use of employer-provided cell phones.

If the cell phone is used exclusively for business, all use is excludable from the employee's income (as a working condition fringe benefit). Any amount that represents personal use is included in the employee's wages. This includes individual personal calls, as well as a pro rata share of monthly service charges. Any amounts the employer reimburses the employee for business use of the employee's own phone may be excludable from wages if the employee accounts for the expense under the accountable plan rules.

Widespread use

Cell phones were very expensive in 1989 and few individuals had one. Today, cell phones are much more economical and their use is widespread. The old rules may no longer be practicable.

The IRS recognized that the cell phone recordkeeping rules are burdensome on businesses and employees. Additionally, most cell phone plans today charge by time and not by distance. Most plans also provide for unlimited free night and weekend calling.

Simplification proposals

The IRS proposed several ways to simplify recordkeeping

Minimal personal use method. Under this method, a specified amount of personal use of the employer-provided cell phone would be disregarded as minimal.

Safe harbor method. This method would designate a specific percentage of an employer-provided cell phone for business use. The IRS would treat the remaining percentage as personal use.

Many media outlets erroneously reported that the IRS intended to automatically treat 25 percent of the use of an employer-provided cell phone as personal use. The IRS merely suggested 25 percent as a possible amount.

Statistical sampling method. Another method would measure an employee's personal use of an employer-provided cell phone by statistical sampling techniques.

Legislation

The IRS's announcement seemed to cause more confusion that clarity. Many print, broadcast and internet news sites reported that the IRS planned to increase audits of employers.

In response, Shulman said that the IRS is not "cracking down" on employers. Rather, the agency's proposals are designed to eliminate uncertainty for businesses and employees. "The current law, which has been on the books for many years, is burdensome, poorly understood by taxpayers, and difficult for the IRS to administer," Shulman said.

Shulman urged Congress to ease the recordkeeping rules for employer-provided cell phones. "I ask that Congress act to make clear that there will be no tax consequence to employers or employees for personal use of work-related devices such as cell phones provided by employers." Congress could enact legislation this year.

Our office will continue to monitor developments in this area. Please contact us if you have any questions.

If and only to the extent that this publication contains contributions from tax professionals who are subject to the rules of professional conduct set forth in Circular 230, as promulgated by the United States Department of the Treasury, the publisher, on behalf of those contributors, hereby states that any U.S. federal tax advice that is contained in such contributions was not intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose.

2009-07-09T12:56:00.000-04:00

IRS Summertime Tax Tip 2009-01

Many taxpayers spend time during the summer months polishing their résumé and attending career fairs. If you are searching for a job this summer, you may be able to deduct some of your expenses on your tax return.

Here are the top six things the IRS wants you to know about deducting costs related to your job search.

In order to deduct job search costs, the expenses must be spent on a job search in your current occupation. You may not deduct expenses incurred while looking for a job in a new occupation.
You can deduct employment and outplacement agency fees you pay while looking for a job in your present occupation. If your employer pays you back in a later year for employment agency fees, you must include the amount you receive in your gross income up to the amount of your tax benefit in the earlier year.
You can deduct amounts you spend for preparing and mailing copies of a résumé to prospective employers as long as you are looking for a new job in your present occupation.
If you travel to an area to look for a new job in your present occupation, you may be able to deduct travel expenses to and from the area. You can only deduct the travel expenses if the trip is primarily to look for a new job. The amount of time you spend on personal activity compared to the amount of time you spend looking for work is important in determining whether the trip is primarily personal or is primarily to look for a new job.
You cannot deduct job search expenses if there was a substantial break between the end of your last job and the time you begin looking for a new one.
You cannot deduct job search expenses if you are looking for a job for the first time.

For more information about job search expenses, see IRS Publication 529, Miscellaneous Deductions. This publication is available on the IRS Web site, IRS.gov or by calling 800-TAX-FORM (800-829-3676).

How do I calculate self-employment taxes?

2009-07-06T12:47:00.004-04:00

One of the most common questions we get from clients are, how do I know if I have to pay self-employment taxes? And how do I calculate self-employment taxes?

When you are employed by someone, they are already deducting social security and medicare taxes for you. As an employee, you pay only half of the taxes owed for Social Security and Medicare (6.2% SS & 1.45% Medicare). Your employer pays the other half on your behalf, for a total of 12.4% Social Security and 2.9% Medicare. When you are self-employed, you alone are responsible for the entire amount.

Individuals with $400 or more of net earnings from self-employment must pay self-employment tax, in addition to any income tax imposed on the same income. This article can help you estimate any self-employment tax liability that you may owe.

Self-employment tax

The self-employment tax consists of two taxes: a tax used to fund Social Security benefits and a tax used to fund Medicare benefits. When you are an employee, you pay half of this tax and your employer pays the other half. When you are self-employed, you are responsible for the full amount. The Social Security tax rate is 12.4 percent, and the Medicare tax rate is 2.9 percent. The combined tax rate is 15.3 percent.

The first $106,800 (for 2009) of net income from self-employment (reduced by any wages received by the individual) is subject to a 15.3 percent tax (which includes the Social Security and Medicare health insurance taxes). Income above that amount is only subject to a 2.9 percent Medicare tax. Taxpayers use Schedule C or C-EZ (Form 1040) to figure net earnings from self-employment (self-employment income). Schedule SE (Form 1040) is used to figure and report self-employment taxes.

Calculating self-employment tax liability

Step1. Determine your net income from self-employment (from Schedule C or C-EZ for sole proprietors; from Schedule E for self-employed businesses treated as a partnership; or Schedule F for farmers). Generally, net income is your total business receipts minus your total business deductions.

Step 2. Multiply your net income from self-employment by 0.9235 (or 92.35 percent). This is your net earnings from self-employment (self-employment income). If this number is less than $400, you do not owe self-employment tax.

Step 3. Multiply by 0.153 (or 15.3 percent) the amount of your net earnings up to an amount equal to $106,800 reduced by any wages received (for which there has already been withholding). Additionally, if applicable, multiply any net earnings over $106,800 by 0.029 (or 2.9 percent). Add these two numbers together. This is your estimated self-employment tax liability.

Step 4. Report your self-employment tax liability on Schedule SE of Form 1040.

Example. Your Schedule C shows net business income of $225,000. Your net earnings from self-employment (self-employment income) is $207,787.50 ($225,000 x 0.9235 = $207,787.50). The first $106,800 (assuming no wage income) gets taxed at a maximum rate of 15.3 percent ($106,800 x .153 = $16,340.40). The remaining $100,987.50 is taxed at 2.9 percent ($100,987.50 x .029 percent = $2,928.60). Your total self-employment tax liability is an estimated $19,269 ($16,340.40 + $2,928.60 = $19,269).

Please refer to IRS Form 1040-ES here for more information.

Top 10 Reasons to Outsource Payroll

2009-06-23T14:24:00.002-04:00

Top Ten Reasons Your Company Should Outsource Payroll

1. Cost. Big businesses can afford to maintain big payroll departments. For small businesses, however, an in-house payroll service is a money burner. If your business has fewer than 20 employees, there's a very good chance that you can save money by outsourcing your payroll operations. Do the math. Figure out how many hours your employees are devoting to payroll-related activities, calculate how much you're spending and compare the amount to the plans offered by several payroll-services providers. Also, be sure to factor in the money your business spends on tasks like printing and distributing checks, creating tax documents, and the like. You'll probably be surprised by the result.

2. Productivity. Payroll management is a time-consuming activity. With this burden removed, your employees can focus on doing more productive things, and you may even be able to trim your staff's size.

3. Accuracy. Payroll mistakes can be painful, angering employees and — more ominously — the government. A good payroll-services provider is far less likely to make a serious error than your in-house staff. Furthermore, if a big mistake is made, you can seek financial restitution from the provider — something you can't do with your own employees.

4. Reliability. In-house payroll activities function as reliably as the people doing the work. With a payroll service, output speed and quality won't vary in accordance with vacations and illnesses. You also won't have to spend time helping new hires understand your business's payroll system.

5. Speed. Since payroll-services providers are specialists with vast technical resources at their disposal, they can process even the most complex payrolls at lightning-fast speed. Unlike most employers, they can also accommodate a temporary influx of seasonal workers without acquiring new systems that will remain dormant the rest of the year.

6. Insight. A good payroll-services provider will know all the ins and outs of payroll-related tax laws and regulatory mandates on the federal, state and local levels. Your employees could try to achieve the same level of understanding, but it would take a considerable investment in time and effort.

7. Accountability. If paychecks are delayed or paperwork is mishandled, it's the payroll-services provider's responsibility to fix things. If the provider can't (or won't) remedy the situation to your satisfaction, you can sue. You can also switch to another service provider in a snap — even if you have to eat a portion of an existing service contract. Try firing, hiring and training an in-house payroll staff in anything less than several weeks.

8. Flexibility. Boring, repetitive payroll work can act like an anchor on your business. Your staff, when freed of rote payroll responsibilities, will be free to focus on other, more creative work.

9. Security. Do you have the time and energy to closely supervise your business's payroll for time and rate abuses and other shady activities? Most payroll services firms have technologies that can spot and alert clients to various types of payroll fraud, such as payment manipulation and "phantom workers."

10. Worry. There's a lot to be said for the peace of mind that outsourcing payroll services can bring to a business owner or manager. No headaches, no hassles: You're left to focus on running a profitable business.

Tax Consequences of Employing your own Child

2009-06-16T11:15:00.003-04:00

The following article comes from our monthly newsletter at http://www.strongtowergroup.net

FAQ: What are the tax consequences of putting my child on the payroll?

With summer approaching and the end of the school year, you may be considering hiring your children to work in your business. Whether you run a restaurant, shop or office, hiring your children has certain tax implications. Putting your child on your payroll is a smart move that can save you money in taxes ... and get your child involved in the family business!

Deductible business expense

The wages you pay your child are tax deductible on your income tax return (or that of your business) as business expenses. As a general rule, a business can claim a tax deduction for the salary, wages, commissions, bonuses, and other compensation it pays to its employees. Don't forget a W-2 for your child at the end of the year, either.

How much is too much?

If you are putting your child on the payroll, be careful how much you pay him or her in wages since the IRS requires that you child be paid a reasonable amount for the labor provided. Generally, the IRS does not challenge the amount of the compensation as unreasonable unless, among other things, the employee has a personal relationship with the employer. Translation: if your daughter is bussing tables and sweeping floors, paying her $25 per hour will likely be deemed "excessive" by the IRS. The IRS in these cases is not only concerned about "no show" jobs but also those paid at an unreasonable salary level. Proof, in the form of time logs and comparable salary levels in the industry, will go a long way in helping keep the deduction should the IRS audit this aspect of your business.

Standard deduction

Due to the standard deduction for 2009, the first $5,700 of your child's wages would not be taxed at all. Your child, however, can not also take a personal exemption deduction if you are claiming her as a dependent. For example, if you file a Schedule C, Profit or Loss From Business, the $5,700 you pay your child, which is non-taxable to her, reduces your Schedule C income by that amount. If you are in the 35 percent tax bracket, the deduction will save you $1,881 in federal income taxes and at no tax cost to your child.

Comment. The actual computation of a child's standard deduction is filled with a number of limitations so that investment income cannot be unnecessarily sheltered by a child. For tax years beginning in 2009, the standard deduction for a dependent may not exceed the greater of $950, or the sum of $300 and the dependent's earned income (up to the regular standard deduction amount). The threshold for the application of the kiddie tax is twice the amount of the limited standard deduction for a dependent, or $1,900. Earned income is not subject to the kiddie tax.

Limited withholding responsibilities for Social Security or Medicare taxes

The wages you pay your child (as long as they are under the age of 18) may not be subject to Social Security or Medicare taxes, or state disability/unemployment taxes. This exemption is specifically provided for in the Internal Revenue Code. "Employment" for purposes of Social Security and Medicare taxes (FICA) generally excludes services performed by a child under the age of 18 in the employ of his or her parent if the parent's trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.

However, the wages you pay your child for services are subject to income tax withholding, as well as social security, Medicare, and FUTA taxes if your business is:

A corporation, even if it is controlled by you or your spouse;

A partnership, unless each parent is a partner;

A partnership, even if the child's spouse is a partner;

An estate, even if it is the estate of a deceased parent.

Moreover, children under the age of 21 are exempt from Federal Unemployment Tax (FUTA), whether or not in a trade or business.. But remember, you will still need to withhold federal income tax and file a W-2 form for each of your children you employ.

IRA contribution

You may be able to shelter an additional 15 percent of wages (up to $5,000) by contributing to an IRA for your child. A contribution to a regular IRA is deducted from income. This strategy works even better with a Roth IRA. Although contributions to a Roth IRA are not deductible, the wage income allows your child to make contributions. Those amounts grow tax-free as long as your child keeps the account.

What about the "kiddie tax?"

If you are worried about the effect of the dreaded "kiddie tax," relax. The "kiddie tax" does not apply to your child's "earned" income - which is any income your child earns from working, as opposed to "unearned" investment-type income. Therefore, your child's earned income from working for you will not be taxed at your top marginal tax rate.

Putting your children on the payroll can be a good way to reduce your tax liability and increase your family's net worth. For more information about how you and your family can benefit from this tax saving idea, contact our office. www.strongtowergroup.net

Recordkeeping is Essential

2009-06-03T12:11:00.007-04:00

Never underestimate the power of good recordkeeping. Well-organized records will make preparing your tax return a breeze. Also, if you are selected for an IRS audit, your records will be your saving grace. They will look for consistency and accuracy in your books to prove what your returns have documented. They will also want to see proof of business transactions. Keep your receipts, check stubs, bank statements, deposit slips, employment records, and all other transactions for as long as the statute of limitations exists. Generally, tax returns can be audited for up to three years after filing and up to six years if underreported income is suspected.

Thankfully, you don't have to keep everything forever. Below is a list of how long to keep different records for your convenience. Businesses and Individuals have different requirements.

BUSINESSES

KEEP FOREVER

Annual Financial Statements

Tax Returns

Fixed Asset Purchases

Depreciation Schedules

Chart of Accounts

Audit Reports

General Ledgers

Corporate Board Minutes and Bylaws

Business Licenses

Contracts

Insurance Policies

Leases/Mortgages

Patents/Trademarks

Shareholder Records, Stock Registers and Transactions

Employee Benefit Plans, Profit-Sharing Plans, and Pensions

Real Estate Records

SEVEN YEARS

Accounts Payable

Accounts Receivable

Expenses

Inventory records

Loan Payments

Purchase Orders

Sales

Bank Statements

Cancelled Checks

Electronic Payments

Employee Files

Employment Taxes

Payroll Records

OTHER

Bank Reconciliations - 2 years

Employment Applications - 3 years

INDIVIDUALS

KEEP FOREVER

Complicated Tax Returns

Retirement Plan Annual Reports

IRA Annual Reports

IRA Nondeductible Contributions-Form 8606

Divorce Documents

Estate Planning Documents

SEVEN YEARS

Everything Else! - Uncomplicated Tax Returns, W-2/1099's, Bank Statements, Receipts relating to tax returns, Investment Records, Real Estate, Real Estate Improvements, Loan Docs, etc.

Important! When eliminating old records, please be sure to shred or destroy everything! Identity theft is always on the rise.

This information was compiled through the National Society of Accountancy. This list is not all-inclusive and should only be used as a guideline. Never destroy any documents until you are certain you will not need them in the future.

Announcing a Strategic Partnership with The Handy Group

2009-04-13T19:20:00.000-04:00

Richmond KY, The Richmond Chamber of Commerce would like to announce that two of its members have created a partnership for better business practices.

Strong Tower Group, LLC, an accounting/payroll, tax preparation, and benefit administration company has announced the strategic partnership with The Handy Group, a leading health insurance provider for Madison and surrounding counties.

These organizations partnership will be the one-stop shop for locally provided accounting/payroll services, comprehensive financial services, and group insurance services (including life, health, disability, and long-term care) in Central Kentucky.

For further information please contact Strong Tower Group or The Handy Group:

Strong Tower Group, LLC
114 North Third St
Suite 2
Richmond, KY 40475
859-661-6173
info@strongtowergroup.net
www.strongtowergroup.net

The Handy Group
1113 Southern Hills Drive
Richmond, KY 40475
859-623-2052
handygroup@roadrunner.com
www.handygroupinsurance.com