Abacus CPAs January 2017
Newsletter
Privacy
by Betsy Dyer
In this electronic day it has become more important than ever to protect yourself from identity theft. Emails and faxes can easily be hacked by online criminals. Even the US mail can be stolen or tampered with! Although there are many safeguards required by most companies, they are not always full proof. 
There are things you can do to help protect your identity. First, only do business with companies that have a privacy policy and good business ratings. Second, when speaking with individuals at these companies, make sure they ask you the proper questions to verify your identity.  Those questions can typically include, verification of address or the last four digits of your social security number. Third, use a secured electronic format for sending your personal information. 
Abacus takes your privacy very seriously and has a secure way of communicating your personal and private information using our secure portal, Abacus Access. If you would like more information on using this safe way of communication please contact one of our Client Service Specialists today. 

If you have experienced identity theft in the past and have filed an affidavit with the IRS, your 2016 Identity Protection pin for 2016 will be mailed to you. In order to protect your tax return, the IRS will not accept your return without this information. The pin number is year specific so if you received a pin in 2015 that will not be valid to file your 2016 income tax return.  
DID YOU KNOW?
by Shawn Koder
 
Think you'll need more time to prepare your federal tax return?  Please be aware that an extension of time to file your return does not grant you any extension of time to pay your taxes. April 18 , 2017 is the deadline for most to pay taxes owed and avoid penalty and interest charges.

Please contact Abacus CPAs for any further questions in regards to  filing an extension for your 2016 Tax Return.
On The Road Recipes!
by Cindy Abner  
 
Easy Crockpot Honey Garlic Chicken & Veggies

8 boneless, skinless chicken thighs (or small breasts)
16 oz baby red potatoes, cut in half
16 oz baby carrots
16 oz green beans
2 Tablespoons chopped parsley 

Sauce:
½ cup low sodium soy sauce
½ cup honey
¼ cup ketchup
2 cloves garlic, minced 
1 teaspoon dried basil
½ teaspoon dried oregano
¼ teaspoon crushed red pepper flakes
¼ teaspoon ground black pepper
 
Directions:
In a large bowl, combine soy sauce, honey, ketchup, garlic, basil, oregano, red pepper flakes, and pepper.  

Place chicken, potatoes, carrots, and sauce mixture into a 6-quart crockpot. Cover and cook on low heat for 7-8 hours or high for 3-4 hours, spooning sauce over meat and veggies every hour. Add green beans during the last 30 minutes of cooking time. 

Serve immediately.  Makes 4 servings so you can share or have leftovers. 



Services Include

Tax Return Preparation
Quarterly Estimates
Strategic Growth Plans
Debt Structuring
LLC Formation
Registered Agent Services
Tax Problem-Resolution
Business Consulting
Audit Assurance
Financial Statements
 Thank you for being a valued client!!!

5 years!
Dwayne Alston
Gideon Boots
Adam Engelhardt
Robert Follmer
Alton Gurganious
David Hammock
Eugene Harden
Antone McCrimmon
Michael McMillon
Raymond Meyer
Douglas Mobley
Mark Norcross
Brian Schoolfield
Fernando Viramontes
Christopher Weston

10 years!
Keith Larson
Ronnie Williams


Call us at

417-380-5000

(Please note that you will be placed on a short hold in order of caller and the first available representative will be able to help you!  Our offices are open Monday - Friday 8am-5pm CST)

 
 You can also find helpful information at
Cindy's Corner 
Tips from a former driver!

One of the most important things you can do for yourself, this New Year, to catch-up and keep-up with all of your paperwork. 
When I drove, I made the common mistake of not keeping up with my Driver Cash Expense Records.  I thought it was enough to just have all of my receipts in big envelopes with my trip sheets and BOLS.  Going back through a year's worth of receipts,  as well as the calendar for days away and your electronic accounts for business expenses, can be quite the headache!  

My advice is to keep a monthly Driver Cash Expense Folder in your desk drawer in the truck to put all your cash and charge receipts.  At the end of your shift it will only take a couple minutes to write it down, instead of hours at the end of the year. Be sure to include, things that are debited from your bank account, like a cell phone bill or storage bill fee, etc. Also, make sure you are keeping your receipts for 7 years.  

If you have had a co-driver on the truck and paid them anything over what the company took out, you need to give them a 1099-MISC.  

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