NCH Wealth Advisors December Newsletter

A Note from the Desk of Nick Hodges, CPA/PFS, MBA, CFP

Very last chance for year end planning.

Merry Christmas,
Nick Hodges, CPA/PFS, MBA, CFP

Featured Articles For December, 2011

• Tax Changes for 2011
  Whether you file as an individual, a corporation, a small business owner, or are self-employed, as the end of the year draws near, you're probably thinking ahead to tax season and filing your taxes. From tax credits, exemptions and deductions for individuals and Section 179 expensing for small businesses, here's what you need to know about tax changes for 2011.
• How to Prepare for a Successful Retirement
  As you approach retirement, it's vital that you pay attention to certain key financial matters. Here's what you need to know.
• Ensure Your Family's Security with an Estate Plan
  Everyone, no matter their financial situation, should have an estate plan in place. But don't just "set it and forget it". Marriage, divorce, and the sale of your home are just some of the events that require an estate plan update. Keep reading to learn more.
• Financial Planning Dos & Don'ts
  During these uncertain economic times, planning for the future has become a challenge. These financial planning suggestions will give you peace of mind about financial matters and simplify your life.

Tax Tips

• Your Pension Plan - Inflation Adjustments for 2012
• Should You File a Tax Return?
• Filing Status - What You Need to Know

QuickBooks Tips

• QuickBooks Tips And Tricks: Make it Yours

Financial Planning Tips

• Make Charitable Contributions
• Buy a New Car
• Examine Investments
• Pay Tax-Deductible Expenses
• Evaluate Your Progress

Tax Due Dates

December 12

Employees who work for tips - If you received $20 or more in tips during November, report them to your employer. You can use Form 4070.

December 15

Corporations - Deposit the fourth installment of estimated income tax for 2011. A worksheet, Form 1120-W, is available to help you estimate your tax for the year. Employers Social Security, Medicare, and withheld income tax - If the monthly deposit rule applies, deposit the tax for payments in November. Employers Nonpayroll withholding - If the monthly deposit rule applies, deposit the tax for payments in November.

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Comments

[Cfo Services]

Don't forget that there may be due dates for local city taxes too for certain areas such as L.A. Didn't find out about the tax until I moved here.