Services available from Tiernan & Associates

1. TAX ORGANIZER - Our Booklets (Tax Organizer) are arranged to help you organize your information before it is submitted to us. If you would like to download the booklets from our Tax Organizer page, contact our office for a username and password. If you are located in our area and can pick up the booklet at our office. The cost of the booklet, for new clients, is $5.00, if picked up at our office, or downloaded from our website.

However, if you wish to receive it by mail and are a first time client, the cost is $10.00. If you are a prior year client, you should have been sent a letter in late December, 2008 or early January, 2009 with this information. You may contact our officeat any time.

It is VERY important that you call or e-mail us with your new address, if you have moved, during the year, so that you will receive your information in a timely manner.

2. TAX PREPARATION - It is our firm's commitment to keep costs as low as possible, yet provide the highest degree of quality work. Our prices are highly competitive with the national chains. If you wish to make changes after the returns are completed, there may be an additional charge.

If you wish to have the entire return done, including the business portion, the other forms start at $10.00 per form, depending on complexities. City returns start at $20.00, each. Our charge for Form 8879 (E-File authorization form, which is required for electronic filing) is $15.00. Extensions, done at your specific request, are $5.00. We can do your business portion only, or the entire return (Federal, State, and local returns). We do ALL state returns. There will be an additional charge if you choose to make changes after the return is finished.

Our pricing is based on your data, and the manner in which it is presented to us. Therefore, we expect you to have your data organized, categorized, and totaled, etc. If we have to stop to do bookkeeping on your papers, organize or spend extra time on your account, we will do so, as time allows. An extra charge for the additional time/work involved will be added to your bill. If we have to stop/start your return (because you do not supply us with all of the information needed, etc.), we will charge an interruption cost of a minimum of $10.00 for each occurrence. It is crucial that you use our Tiernan & Associates Tax Organizerlisted above, so that there are no additional fees associated with interruption charges. The book lists all items of importance and, if filled out correctly, will help to reduce the possibilities of interruption charges.

3. OTHER SERVICES OFFERED - Estimated payment vouchers, profit/loss statements, and tax seminars.

4. BOOKKEEPING SERVICES - Bookkeeping is typically the most unpleasant component of any business, but we can help! We offer complete bookkeeping service for your business. We have you send to us, on a monthly basis, all your receipts, sales slips, account statements, etc. From this information, we will generate a quarterly Profit and Loss statement for you, and also advise you of the need to make quarterly estimated tax payments. This will allow you to keep in touch with your business, whether your business is making a profit, or loss.

This will also eliminate the question, of whether the expenses are deductible or not, by the IRS, and exactly what they are.When you receive the material back form us, it will be in a format that will be ready for, and acceptable to the IRS, if they ever want to look at your books.

If you have an audit, you will have nothing to fear, your information will be complete.We provide this service on a tiered fee system, based on your business level. For $1,or less, a day you can be assured that the information that is provided to us is guaranteed in case of any audit. If you decide to complete your own bookkeeping please do not throw everything in a shoebox and hope you have everything. If the Internal Revenue Service ever sends you that unpleasant "your return has been chosen for audit" letter the "shoebox method" will not work.

To correctly account for your income and expenses we suggest that you purchase our expandable file folder system. The "How to organize your receipts" lists the various categories that your business may or may not have. Throughout the year you will put the receipts you receive in the correct categories. The advantage of our expandable file folder system is that it will allow you to take it with you wherever you go. For most people once you have a receipt it will end up in a purse, wallet, the bottom of the floor of your car, and etc. So to avoid that problem you simply put the receipts in the expandable file folder when you have your receipt. With our system you can rest at night knowing that your bookkeeping is in one place, safe, secure, and most important Correct!

I have one very important suggestion if you wish to do your own bookkeeping: do not give this to your spouse to do. If given to your spouse you may have to explain what it is that you purchased for your business and second reason is explaining to your spouse why you spent so much on those purchases. That may ultimately lead you to have a 40-50 minute dissertation on each item purchased and then that may lead to marriage counseling after months of sorting receipts.

5. EXPANDABLE FILE - We have created a new bookkeeping tool, an expandable file folder that is meant specifically for the person with a home-based business. Inside, there are individually marked pockets, for each of the pertinent expenses an individual may have for a home-based business. Throughout the year you would put the receipts you accumulate into the expandable file pocket that is meant for that particular expense. Then, at the end of the year, all you have to do is to add up each category. This eliminates the "SHOE BOX RECEIPT SYNDROME" at the end of the year. You no longer have to add up the various receipts in all your shoe boxes where you keep your receipts. They are all stored in a convenient and safe place where all the expenses are already listed. It cannot get any easier to organize your bookkeeping receipts. There is a cost of $19.00 if you purchase it at a seminar, or pick it up at our office. If you choose to have it sent to you by mail, there is an additional charge of $5.00 for shipping and handling.

Available in Red, Black, or Blue

Last Modified: 01/21/2009