Filed Your Taxes?
Tips for 2014
you one of the tens of thousands of Americans who haven't
filed (or even started) your taxes yet? With the
April 15 tax filing deadline already passed, here's some
tax advice for you.
Resist the temptation
to put off your taxes until the IRS starts to come after you.
Any accountant needs time to prepare your return, and may need
to request certain documents from you, which takes additional
time. More time usually means more fees and penalties so
get started now!
If you had a side job in addition to a regular job, you might
have received a Form 1099-MISC. Make sure you include that
income when you file your tax return because you may owe
additional taxes on it. If you forget to include it you
may be liable for penalties and interest on the unreported
You Request an Extension?
This year's tax deadline was April 15. If the clock ran
out for you, you could have gotten an automatic six-month
extension, bringing the filing date to October 15, 2014.
You should keep in mind however, that if you filed an
extension itself it does not give you more time to pay any
taxes due. You will still owe interest on any amount
that was not paid by the April deadline, plus a late-payment
penalty if you have not paid at least 90 percent of your total
tax by that date.
Panic If You Can't Pay
If you can't immediately pay the taxes you owe, there are
several alternatives. You can apply for an IRS installment
agreement, suggesting your own monthly payment amount and due
date, and getting a reduced late-payment penalty rate. You
also have various options for charging your balance on a
credit card. There is no IRS fee for credit card payments, but
processing companies generally charge a convenience fee.
Electronic filers with a balance due can file early and
authorize the government's financial agent to take the money
directly from their checking or savings account on the April
due date, with no fee.
Sign and Double Check Your Return
The IRS will not process tax returns that aren't signed, so
make sure that when you file you sign and date your return.
You should also double check your social security number, as
well as any electronic payment or direct deposit numbers, and
finally, make sure that your filing status is correct.
Remember: If you still have not filed your taxes, get your
documents to us as soon as you can, and we'll help you take
care of whatever comes up.
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,