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The Accounting Educator from Your Financial Success Advisors
March 27, 2008

Greetings!

in this issue
  • Should You Go On Extension?
  • Home for Sale: $978,523
  • Learn How to Work the Room
  • Diffusing a Powder Keg Client
  • Is Your Accountant Worth Your Money?

  • Home for Sale: $978,523

    Looking to sell your home for a premium? Then advertise its price down to the specific dollar, say two professors from Cornell's Johnson School of Management.

    They found out that people think precise numbers are lower than round ones, even when they're not!


    Learn How to Work the Room

    Walking into a room of strangers can be frightening!

    We know we're supposed to network, but how can we do it comfortably?

    Check out How to Work the Room. It's a book full of ideas on savvy socializing.

    For a quick sample, click below for the biggest tips.


    Diffusing a Powder Keg Client

    We know the customer isn't always right. In fact, often they are downright unreasonable!

    But, we appreciate their business. We also understand that often irrational-sounding angry customers really aren't angry at us.

    You can diffuse powder keg clients without giving in. Here's how.


    Is Your Accountant Worth Your Money?

    Are you satisfied with your current accountant or CPA? Do they provide you with the level of service, competence, and benefits you deserve? If not, your choice of CPA may be impacting your potential growth and success.

    To help you understand what your CPA should provide, click on the logo to immediately download your FREE assessment tool THE PROFESSIONAL ACCOUNTANT'S $CORECARD which specifically outlines the skills, credentials, competence, and benefits every professional and business owner should demand from their CPA.


    Should You Go On Extension?

    As it gets closer to the April 15th income tax filing deadline, more clients discover that their best course of action is to file an extension.

    Generally, people "go on extension" because they cannot yet determine their 2007 income. They're waiting for partnerships or corporations they own to finish the business's accounting. They still have to do more research on the cost basis of assets sold in 2007. Or, maybe they simply haven't had time to collect all of the necessary information.

    These people have to ask the IRS for the automatic filing extension.

    If you ask for an extension, you have until mid-October to prepare your tax return, but, you still must pay what you owe by April 15th to avoid penalties and interest. In addition, your economic stimulus check from the government won't be sent out until after you file your taxes.

    We recommend that if you can, file now. Get it over with! And, if you haven't yet sent us your tax organizer and materials, do it this weekend while there's still a possibility to complete your taxes before April 15th!

    -- Geoffrey P. Kulik, CPA
    Partner

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