Text Box: 20 Text Box: TAXES & YOU Text Box: ARE YOU READY FOR 2008 TAXES? Text Box: LET US HELP YOU GET READY : A professional bookkeeper can help you keep clear and accurate records that reflect your business income and expenses. Keep in mind your tax records must support all the business income, tax deductions, and credits listed on your tax return. Be sure to separate your business and personal receipts. If you transfer money into your business accounts from loans, transfers from credit cards, line of credit , personal accounts or any other monies that are not business income, keep records of those transactions to avoid mistakenly including the monies in your taxable income. Forms that you may need: any 1099’s business or personal, 1099-A, 1099-C, 1098 interest, W-2’s. Most important choose the right Tax Professional Text Box: Most common Itemize Personal deductions Medical and Dental Expenses -Insurance payments, office visits, medicine Deductible Taxes-Mortgage, Dmv fees, Home Mortgage Points –1098 interest, loan documents Interest Expense-1098-interest Contributions-receipts, cancelled checks Casualty and Theft Losses-police or insurance reports Miscellaneous Expenses- Business Use of Home-phone, electric, gas, home insurance bills etc.. Business Use of Car-mileage log Business Travel Expense-receipts, credit card or bank statements Business Entertainment Expenses-receipts, credit card or bank statements Educational Expenses -receipts, school expense report, Employee Business Expenses -receipts Casualty, Disaster, and Theft Losses- police or insurance reports Tax Preparation Fees Text Box: UPDATES: Mileage Deductions Rates (in cents per mile) January 1 - June 30, 2008 Business 50.5 Charitable 14 Medical and moving 19 July 1 - December 31, 2008 Business 58.5 Charitable 14 Medical and moving 27 2009 Business .55 Charitable 14 Medical and moving 25 Text Box: SERVICES Bookkeeping Service Personal Taxes Business Taxes Complete Payroll Service Electronic Filing 20+ Years of Experience Local Pickup & Delivery Notary Public OFFICE HOURS MONDAY-FRIDAY 8AM-5PM LATE & WEEKENDS BY APPOINMENT ONLY. Text Box: Automated Business Service 16501 Walnut Street Suite 1, Hesperia CA. 92345 Phone 760 947 8060 Fax 760 947 1809 www.ab-serv.com.-Email Lperez@ab-serv.com