Happy New Year to all of our Friedman, Kannenberg & Company clients. As most of you now know, a few weeks ago Congress passed a sweeping change in our tax laws called the "Tax Cuts & Jobs Act of 2017". While these new laws didn't take effect until January 1st of this year, we've received many client inquiries about how this new act will affect you.
 
The new act is complex and affects both businesses and individuals. The lowering of tax brackets coupled with the elimination of many longstanding deductions, makes it virtually impossible to draw concluding commentary for "all" clients, as each client tax circumstance is different.
 
We've been doing some extensive education and training on the new law here at FKCo, and will begin to address its impact on you during the preparation of your 2017 tax return. If you have specific questions about the new law, make sure to ask your tax return preparer at that time.
 
But remember...things may change this year, both in your particular tax circumstances, as well as with amendments and clarifications of the new law. We will keep you abreast of those changes, and suggest you contact us in the later part of the year if there are any changes in your personal tax picture.
 
We here at FKCo look forward to servicing your accounting and tax needs during the upcoming tax season. We encourage you to call us if you have any questions or concerns, and we wish each and every one of you a happy, healthy & prosperous New Year.
 
With warm regards,
Alan & Don

As we gear up for tax season, our goal is to make the  preparation of your 2017 tax returns as easy as possible. Here are a few documents that will  help you organize your tax information and help us file your tax returns on time. Please take a  few minutes to download these forms, fill them out, gather your tax documentation and send everything to us or bring them with  you for your tax appointment.  If you would like to meet with one of our tax preparation specialists this tax season, please call our office soon to schedule an appointment. 

Tax Organizers
  
Our tax organizers help you gather your tax data & documents and remind you what  information is needed to prepare your tax return.  Many of you have already received the 2017 organizer in the mail. Please note - new for this year is a fillable organizer for  those who like to go green. Please take a few minutes to go through the organizer, fill in the  applicable information, and enclose your original tax documents (W-2, 1099, 1098, etc.)  wherever possible.

Engagement Letter  

Our engagement letter explains the scope of our engagement, our responsibilities, and your responsibilities, as well as the fees and timing of your tax return preparation. After you have read through the engagement letter, please sign it and return with your other tax documentation.
 

Tax Filing in 2017 - Driver's License Info

Many states (including CT & NY) are requiring driver's license information for each taxpayer on a return. This allows the state to only accept returns where this identity verification lines-up. When you send in your information, please include the following information for each adult listed on the tax return: License #, State Issued, Expiration Date, Issue Date. If you are a NY resident, we also need the "document number." These are 10 digits of letters and numbers. Click  here to know where to find this on your license.

Download Your Tax Organizer

Download your  2017 tax organizer, engagement letter, and mileage worksheet. 

New for FKCo in 2018

We like to keep you updated on everything going on within the firm.  Feel free to visit our website  or social media sites for the most current info, but here are a few points we would like to highlight:
  • Tired of Paper Copies? We are pleased to announce to our clients an option to received their final tax packet electronically this year.  That's right, no more paper to keep track of, but simply everything sent to you via PDF to handle.  Please let your preparer know if you would like to take advantage of this option!
New Team Members 

Please take a minute to get to know our newest FKCo staff members  Amy Trudelle and  Lori Gates. We all look forward to assisting you this tax season and for many years to come.

  



From everyone here at FKCo, we wish you a happy new year and look forward to assisting you with your tax and accounting needs this upcoming year.
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