Allan K. Dorff, An Accountancy Corporation

11/17/2010

Gold is the money of Monarchs, Silver is the money of Gentlemen, Barter is the money of Peasants, and Debt is the money of Slaves.

By Lorimer Wilson Nov 16 2010 4:37PM

10/29/2010

With the holiday season right around the corner, I would like to share some tips for deducting the costs of your business' holiday parties.

10/18/2010

As open enrollment rolls around at work, take the time to review your health insurance coverage and other employer benefits. If applicable, be sure to look at what your spouse’s insurance may provide. Compare premiums, deductibles, co-pays, and total out-of-pocket limits. A lower premium may seem like a big savings, but you could end up paying even more if the coverage is not as good.

10/12/2010

TAX DEADLINE REMINDER - October 15th: If you have an automatic 6-month extension to file your income tax return for 2009, file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and penalties due on or before THIS FRIDAY!

10/08/2010

HEALTH SPENDING CHECKUP:
If your employer has a flexible spending arrangement (FSA), determine the balance left in the plan. Your plan may allow you to carry over a year-end balance for use early in the following year.

If your plan doesn't allow unspent money to be carried over, then you may want to incur discretionary medical, dental, or optical costs prior to year-end.

09/11/2010

The updated website is up and running....CHECK IT OUT and 'like' it if you think it is good!
www.akdcpa.com

09/07/2010

FILL IN THE BLANK: To me, having enough money means ________

08/24/2010

The secret to being certain you'll make money in stocks is...time. If you're focused on the long term, time creates certainty. If you want to be more certain of your expected returns-if you want to compound money at the highest possible rate-MASTERING TIME is the key. Look past the short-term noise. INVESTORS must learn to hold stocks for at least 10 years.

08/03/2010

For tips on smarter car ownership, visit DriverSide.com. Your car is probably the priciest piece of technology you own. But do you know all there is to know about that technology?The site provides information on things like what needs to be checked at your car's next service appt, market values, reminders for tuneups and recall notices. Sign up...it's free!

07/21/2010

On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act which permanently raises the current maximum deposit insurance amount to $250,000. The maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

06/22/2010

Do you know you may have unclaimed cash (also referred to as unclaimed property) just waiting for you to come and claim it? These unclaimed funds can be anything from forgotten checking or savings accounts, undeliverable tax refunds or leftover credits from mortgage payoffs. To locate unclaimed money that might be yours just select your state's Unclaimed Property Division at this link and then do a search for your name. There is NO charge for this and you should not sign up to any Web sites that ask you to pay a fee! Remember, if you've lived in more than one state be sure to search each one and include maiden names if that applies.

Go directly to a government unclaimed property program by clicking on a state, territory, or province from the map or drop box below. You should search in every state where you have lived.

06/03/2010

Perform a mid-year review of your finances to be sure you're on track with your goals:


Are you on track with your retirement contributions and other savings?
Run a projection of your income taxes to be sure you are not paying too much or too little income tax (either through withholding or quarterly payments). If applicable, second-quarter estimated income tax payments are due by June 15.