Floating Rate of Interest Remains at 7 percent for first half 2013

Floating Rate of Interest Remains at 7 Percent for the Period January 1, 2013 Through June 30, 2013

FL Dept Rev - 2012 Tax Information Publication 12ADM-05

If you have further questions on this issue, please feel free to contact J Brooks & Associates, Inc. at (239) 313-7129. As always, we are here to help.

17041 Alico Commerce Ct., Unit 1

Fort Myers, FL 33967

(239)313-7129

www.JBrooksai.com

J Brooks & Associates, Inc. is a full service Accountant, Tax Return Preparation, Paryoll and Community Association Management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.www.jbrooksai.com

7 Tool for Rebuilding Retirement Savings

7 tools for rebuilding retirement savings - NBC-2.com WBBH News for Fort Myers, Cape Coral & Naples, Florida

For Additional Information regarding Personal or Business Income Tax Return Preparation and efiling in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com  or (239) 313-7129. visit our website at www.jbrooksai.com.com .

Big firms that avoid taxes are moochers, small companies say

In Southwest Florida, Small Businesses are the main stream.  It is hard enough competing with Big Business, when you are the little guy, but when Big Business shifts their funds offshore to lower their tax liability, We all suffer.  Read Original Article on Big Firms that avoid taxes, and see how much money they are really moving over seas to avoid their tax obligation.

• Big firms that avoid taxes are moochers, small companies say - Oct. 3, 2012

For Additional Information regarding Personal or Business Income Tax Return Preparation and e-filing in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com or (239) 313-7129. visit our website at www.jbrooksai.com.

IRS Assists Taxpayers Affected By Hurricane Sandy

Many small businesses have been affected by Frankenstorm Sandy!  Even many of our Southwest Florida Residents have been affected.  One of our clients owns a New Jersey Bakery that was destroyed due to the Storm Surge that hit New Jersey's coast.  We understand that with the Tax Deadline for Quarterly filings on October 31st, it was impossible for many business owners to even think about this deadline.  They had more important things to worry about.  But it looks like the IRS has given them a little leeway.  Hopefully, it will be enough.

IRS Assists Taxpayers Affected by Hurricane Sandy

For Additional Information regarding Personal or Business Income Tax Return Preparation and efiling in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com  or (239) 313-7129. visit our website at www.jbrooksai.com.com .

The Blessing of Owning a Business in Southwest Florida

Great information in the Fort Myers News-Press today regarding a University of Florida study estimating Lee County is the State's top snowbird destination while Collier County ranks fourth.

Owning a business in Southwest Florida has its benefits from a lifestyle perspective.  The Summer months are slower business wise with most owners experiencing as much as a 30% drop from peak revenues in March; therefore, business owners have more time to get out and enjoy everything Gulf Coast living has to offer, e.g., beaches, boating, hiking, biking, birding, etc..  For those concerned about the Summer heat, once you live down here and become acclimated to the six months of consistent 90-93 degree days, you learn to avoid peak sun and enjoy mornings, afternoons, sunsets and evenings like nowhere else in the United States.

Of course you still have to work in the Summer. Business doesn't die. You just need to approach Summer like a squirrel approaches Winter in the North. You make your money (store your nuts) during late Fall, Winter and early Spring so you can enjoy paradise the rest of the year.

Here is the article:

Lee top county for snowbirds, Collier ranks fourth | The News-Press | news-press.com:

"A University of Florida report ranked Lee County as having an estimated 75,000 temporary residents during the peak winter season, the highest of any county in the state. Collier County ranked fourth, with an estimated 44,000 winter residents."

For Additional Information regarding Personal or Business Income Tax Return Preparation and efiling in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com  or (239) 313-7129. visit our website at www.jbrooksai.com.com .

When It Comes to Retirement, Small Business Owners Need a Reality Check | Small Business Trends

What are your retirement plans? Are you expecting to sell your business and retire on the proceeds? Do you dream of passing on your business to your kids?

A new global survey of small business owners’ succession plans by Sellability Score found that small business owners’ expectations for retirement have changed. Since 2008, almost half of business owners over age 50 have delayed their retirement due to economic conditions.  Read more...

When It Comes to Retirement, Small Business Owners Need a Reality Check | Small Business Trends:

For Additional Information regarding Personal or Business Income Tax Return Preparation and efiling in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com  or (239) 313-7129. visit our website at www.jbrooksai.com.com .

Should we start a small business for the tax break?

The Pro's and Con's of starting your own business to get tax breaks. It isn't always what you think it is going to be. Read this article.

Should we start a small business for the tax break? - The Help Desk - Personal Finance FAQs - CNNMoney

For Additional Information regarding Small Business Accounting, Bookkeeping or Income Tax Return Preparation in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com  or (239) 313-7129. visit our website at www.jbrooksai.com.com .

J Brooks & Associates Expands Again!

Exciting things happening at J Brooks & Associates, Inc. Today we opened another Satellite Office. We now have our main office in Fort Myers, and By Appointment Only Satellite Offices in Cape Coral, Sarasota, and Bonita Springs!

For Additional Information regarding Personal or Business Income Tax Return Preparation and efiling in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com  or (239) 313-7129. visit our website at www.jbrooksai.com.com .

The Patient Protection and Affordable Care Act, Taxes and Credits

AccountantsWorld – Extensive resources for accounting, tax and payroll. Accountant, CPA: Join the largest community of CPAs and accountants.

For Additional Information regarding Small Business Accounting, Bookkeeping or Income Tax Return Preparation in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com or (239) 313-7129. visit our website at www.jbrooksai.com.com .

J Brooks & Associates, Inc. | Accountant & Bookkeeping Services | Naples, Fort Myers, Sarasota, FL

IRS Fails To Offer Penalty Relief To Taxpayers

IRS Fails To Offer Penalty Relief To Taxpayers

For Additional Information regarding Personal or Business Income Tax Return Preparation and efiling in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com  or (239) 313-7129. visit our website at www.jbrooksai.com.com .

J Brooks & Associates, Inc. services the Southwest Florida area including, Naples, Fort Myers, Bonita Springs, Estero, Cape Coral, Charlotte County, and Sarasota Count.  Call us today to see how we can help you!

J Brooks & Associates, Inc.

IRS Discloses Inflation Adjustments For 2013

IRS Discloses Inflation Adjustments For 2013

For Additional Information regarding Personal or Business Income Tax Return Preparation and efiling in the State of Florida, please contact J Brooks & Associates, Inc. at information@jbrooksai.com or (239) 313-7129. visit our website at www.jbrooksai.com.com .

J Brooks & Associates, Inc. | Income Tax Return Preparer | Fort Myers, Naples, Sarasota, Florida

E-filing Your Federal Income Tax Return

How does e-file work?

• E-file works in conjunction with the Internal Revenue Service's (IRS) Electronic Filing System. Taxpayers can e-file from a computer, or by using a tax preparer who is an approved Electronic Return Originator (ERO).

What are the benefits of e-file?

• Convenience. You can electronically file 24 hours a day, 7 days a week.
• Security. Your tax return information is encrypted and transmitted over secure lines to ensure confidentiality.
• Accuracy. Electronic filed returns have 13 percent fewer errors than paper returns.
• Direct Deposit. You can have your refund direct deposited into your bank account.
• Proof of Filing. An acknowledgment is issued when your return is received and accepted.

Am I eligible to e-file?

• You can e-file unless any of the following apply:
  • Certain schedules excluded by the IRS as listed in Publication 1345

How can I e-file?

• J Brooks & Associates, Inc. is an IRS approved Electronic Return Originator (ERO) and only uses secure, up-to-date tax preparation software, approved by the IRS to prepare and transmit tax returns. Our preferred method of submission is e-filing, but occasionally some taxpayers are required to submit a hard copy of their tax return.

Is it safe and secure to e-file?

• Yes. J Brooks & Associates, Inc. uses tax preparation software that encrypts your tax information and transmitted over secure lines to ensure confidentiality.

Is there a fee for e-file?

• J Brooks & Associates, Inc. does not charge a fee for e-filing your tax return. The IRS and the Department of Revenue do not charge a fee for e-filing.

How do I know if my e-filed return has been received?

• Acknowledgments (electronic confirmations) are issued online by the IRS and state when the returns are received and approved. The federal acknowledgment is received first since the federal return is transmitted first. If there are no errors, an acknowledgment is usually received within 24 hours of the transmission. If the IRS detects an error, an error message is sent back to you or your preparer for corrections to be made. Once the corrections are made, the returns are re-transmitted to the IRS. If the federal return is accepted, the IRS transmits the state return. The state return is usually received within three days of a correct transmission to the IRS. An acknowledgment is also issued by the department.

What if I owe money?

• You can file your return electronically any time during the filing season. Payment must be made by April 15th to avoid interest and penalty charges.

Can I have my federal tax return refund direct deposited into my bank account?

• Yes. J Brooks & Associates, Inc. can prepare your tax return with your bank account number and routing number so your refund can be direct deposited into your account.

Do I need to submit any paperwork or supporting documentation if I e-file?

• No. No paperwork needs to be submitted when you electronically file your return. J Brooks & Associates, Inc. keeps copies of your tax paperwork on file, and will return the originals to your for your storage. We advise you maintain copies of all documents for your records. In some cases, the department will notify taxpayers if documentation is needed for verification.

Contact J Brooks & Associates, Inc. today if you have further questions.

J Brooks & Associates, Inc. is a professional accounting, tax, payroll, and property management firm serving Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, Manatee, and Sarasota Counties, Florida. Our staff has over 30 years experience in accounting and tax return preparation and over 30 years experience in property management with Homeowner (HOA), Condominium, and Master Community associations. We have qualified individuals well versed in the many functions of accounting, payroll, taxes, budgeting, financial planning and a host of other financial services.

At J Brooks & Associates, Inc. we have extensive experience dealing with federal and state laws, rules, and regulations. J Brooks & Associates, Inc. has the ability to solve your accounting and financial problems, enhance business operations, plan for the future with budgeting and financial analysis, and prepare and file the necessary forms in order to stay in compliance with all reporting agencies. We offer many services that go beyond the general scope of accounting in order to help you succeed in an ever-changing market.

2012 Income Tax Season is Around the Corner

At J Brooks & Associates, Inc. we specialize in Personal and Small Business Income Tax Return Preparation. We offer:

• Thorough Tax Analysis to Optimize your Income Tax Return
• Free E-filing with your paid tax return
• No Cash Required Up Front
• An Online 2012 Tax Organizer to help you gather your tax documents
• Most Return cost LESS than Block or Hewitt

So, when you are ready to do your tax filing, give J Brooks & Associates, Inc. a call and see how we can help you and take the stress off your shoulders. Filing Tax returns is what we do, so let the professionals help you! With offices in Fort Myers, Cape Coral, and Sarasota, we will be there for you!



J Brooks & Associates, Inc. is a professional accounting, tax, payroll, and property management firm serving Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, Manatee, and Sarasota Counties, Florida. Our staff has over 30 years experience in accounting and tax return preparation and over 30 years experience in property management with Homeowner (HOA), Condominium, and Master Community associations. We have qualified individuals well versed in the many functions of accounting, payroll, taxes, budgeting, financial planning and a host of other financial services.

At J Brooks & Associates, Inc. we have extensive experience dealing with federal and state laws, rules, and regulations. J Brooks & Associates, Inc. has the ability to solve your accounting and financial problems, enhance business operations, plan for the future with budgeting and financial analysis, and prepare and file the necessary forms in order to stay in compliance with all reporting agencies. We offer many services that go beyond the general scope of accounting in order to help you succeed in an ever-changing market.