The new MyFTB

The California Franchise Tax Board has completely revamped its MyFTB site, with an eye toward making it more useful as well as more secure. Here is a sampling of what you can do on the new site.

– View payment history.
– View a list and images of tax returns.
– View a list and images of notices and correspondence.
– View and update contact information.
– View a list of authorized representatives (tax preparer or a tax preparer with a power of attorney) and manage who can access your account.
– File a power of attorney (POA).
– Chat with an FTB representative about confidential matters.
– Send a secure message with attachments to FTB.

Even if you had an account before you will need to register for the new site. The registration process takes a while, since the FTB will be snail mailing a PIN number that is required to complete your registration, so best to do it now! Visit www.ftb.ca.gov/online/myacct/ for more information.

3 Folder System

W-2s and 1099s are coming soon! Whether you prepare your returns yourself or want us to prepare your taxes, here’s a simple way to keep track of your income, expenses, deductions, and investments.

This Lifehacker post explains the concept
http://twocents.lifehacker.com/make-tax-prep-easier-with-a-three-folder-system-1749550099

For more information, see the Motley Fool web page at
http://www.fool.com/personal-finance/taxes/get-organized-for-the-irs.aspx

New Year’s Message

Dear friends,

Our office will be closed Thursday, December 31 and Friday, January 1 as we greet the new year. (In case you’re wondering, we take a lot of holidays now because we don’t take any during tax season!)

For 2016, we wish everyone health, wealth, and love–along with the time to enjoy them!

From Heather, Melody, Tracy and Mike at Heather R. Chambers, CPA, Inc.

health wealth money time

Happy holidays!

Dear friends,

Our office will be closed Thursday, December 24 and Friday, December 25 in observance of Christmas.

We wish our clients peace, joy, hope and love no matter what holidays they observe!

From all of us at Heather R. Chambers, CPA, Inc.

tape dispenser

Free credit reports

One good way to protect your personal information is to review your credit report regularly. By law you are allowed one free report each year from each of the big three reporting agencies. Here’s how you can use this to your best advantage.

First, go to annualcreditreport.com. There are many similarly named sites, but this one is the official site. Follow the instructions on how to request your free credit report, but rather than requesting one from each agency, pick one agency and request a report from them. Set yourself a recurring reminder to request another report from a different agency every four months. In the reminder, set up a schedule like this

December Transunion
April Equifax
August Experian
annualcreditreport.com

This way you will remember which ones you already ordered and which is the official site.

Review your report looking for credit inquiries you were not aware of, as well as any accounts you didn’t open.

Tips from the IRS on how help protect your personal data

The Internal Revenue Service, state revenue departments and the tax industry today released the first in a series of special tax tips designed to provide people critical information to help protect their tax and financial data.

The first of the Security Awareness Tax Tip series provides seven ways people can protect their computers, which takes on added importance as people prepare for the holidays and the 2016 tax season approaches. A new tip will be available each Monday through the start of the tax season in January.

Subscribe or find out more on the IRS web site at www.irs.gov/Individuals/Taxes-Security-Together.

The Licker

Here is proof that we have been into vintage way before it was fashionable! For as long as we can remember, we have been using our trusty Super Moistener whenever we have envelopes to seal. The Super Moistener, affectionately known around here as The Licker, was made by Better Packages, Inc. of Shelton, Connecticut, which, like us, is rooted in the past but still going strong in the 21st Century.

licker resized

Just so it doesn’t feel left out, The Stapler has been The Licker’s trusty sidekick for many years. it is an Aceliner Model 502 made by the Ace Fastener Co. of Chicago, Illinois. We have one in black as well as one in beige. They are still available, but only in walnut.

A Professional Accountancy Corporation