News

The Anderson ZurMuehlen newsroom includes current news, releases and industry updates. If you want to stay connected with us in other ways, follow our posts on LinkedIn, Facebook and Google+.

Anderson ZurMuehlen staff elected to the Montana Society of CPAs Board

The Montana Society of CPAs recently announced that Brenda Byrnes, Shareholder, will be President-Elect and Annette Hill, Shareholder, will be Secretary/Treasurer of the statewide association beginning June 19, 2014. Brenda Byrnes, CPA, has a Bachelor of Science in Business Management and Accounting from Montana State University. She joined Hamilton Misfeldt & Co. in Great Falls in 1995 which merged with Anderson ZurMuehlen in 2011. Brenda provides tax planning, QuickBooks training and her service areas include charitable trusts, farm/ranch taxation, and nonprofits.

Annette Hill, CPA, has a Bachelor of Science in Computer Science from Montana Tech. She joined Anderson ZurMuehlen in 1996 where her service concentrations include nonprofits and governmental entities, financial institutions, construction and engineering firms, agriculture and healthcare organizations.

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Tax Identity Theft Hasn’t Gone Away Yet

By Bill Hughes, Shareholder, Anderson ZurMuehlen & Co., P.C.

In an Accounting Today article posted on April 24, 2014, it was noted that over 100 physicians in New Hampshire had their tax identity stolen during the recent tax season. Though the IRS has been working the last few years to reduce tax identity theft, the agency currently has over 1,000 investigations underway. Despite the government’s success in obtaining hundreds of indictments, identity theft is still occurring.

The typical tax identity theft is refund fraud. Armed with stolen Social Security numbers, the thief files a fraudulent tax return early in the filing season claiming a refund. When the real taxpayer files his/her tax return with legitimate information, the IRS rejects the return because their system shows a return has already been filed under the reported Social Security number. The rejection of the tax return initiates a time-consuming process to get the legitimate return filed. In addition, it raises the specter that the tax identity theft may have carried over to other areas of the individual’s personal financial life.

If tax identity theft happens to you, the IRS needs to be notified by filing Form 14039, Identity Theft Affidavit. This allows you to prove you are the legitimate taxpayer and obtain an Identity Protection Personal Identification Number (IP PIN). This PIN identifies you as an identity theft victim and is used to differentiate future legitimate tax returns from any fraudulent ones that are filed.

The following are additional recommended steps if you are the victim of tax identity theft:

  • File a complaint with the Federal Trade Commission (FTC). This can be done by selecting the “Consumer Complaint? Report it to the FTC” link at www.ftc.gov
  • Report the theft to the Social Security Administration, either on its website or at a local office.
  • Report the theft to credit agencies and check your credit reports to ensure that no other fraudulent activity has occurred. In addition, place a fraud alert on your files.

Here are some of the common steps you can take to help protect yourself from identity theft:

  • Don’t carry your Social Security card or any documents bearing your Social Security number.
  • Don’t give your Social Security number to businesses or medical providers, unless required.
  • Shred documents with personal identifying information.
  • Don’t provide personal information via email or text.
  • Unless you have initiated the contact or you know for certain who you are dealing with, don’t give personal information over the telephone.
  • Don’t put your birthday, address, telephone number, marital status, etc. on social media websites or elsewhere on the Internet.
  • Change your Internet passwords regularly.

Hopefully, you’ll never be a victim of identity theft. If you have other ideas or recommendations on how to protect yourself from identity theft or how to recover from identity theft efficiently, please share them with us. For more information, contact Bill Hughes, Shareholder, at 406.782.0451.

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BestMark Global Insurance Accreditation Received

Anderson ZurMuehlen recently received the BestMark accreditation from global insurance credit rating agency AM Best, the leading rating agency for insurance companies worldwide. We are one of 20 companies nationwide who have received BestMark accreditation. For more information contact Chris Roberts, Manager, at 406.721.7800.

2014 Auditor A.M. Best Listing logo

 

 

 

 

 

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Succession Planning Workbook Now Available

What is your succession plan?

Succession planning goes far beyond identifying and preparing your company for sale or transfer to a family member. It encompasses setting goals, planning your strategy, evaluating your position, changing leadership and exiting from ownership.

Anderson ZurMuehlen has developed a Succession Planning Workbook that will guide your exit strategy and provide a detailed plan for your business. This workbook is now available for download. Click here to receive a complimentary Succession Planning Workbook.

For additional details, please call or email Bill Mills, Shareholder, at 406.556.6160.

Kyla Stafford, Shareholder, Chair of the Greater Gallatin Valley United Way Board

Mike Combo, Shareholder, Interviewed on KPAX-TV

Watch an interview with Mike Combo, Shareholder, in our Missoula office.  The interview topic is, “What common tax return mistakes cost us money?” Mike was interviewed on January 30 by KPAX-TV in Missoula.

Mike Combo Featured on KPAX-TV in Missoula

Rick Reisig Will Receive The George D. Anderson Distinguished Service Award

The Montana Society of CPAs announced that Rick Reisig, Shareholder, will be presented the association’s highest honor, the George D. Anderson Distinguished Service Award, which is in memory of one of Anderson ZurMuehlen’s original founders. Rick will be honored on June 19 at the 2014 annual meeting.

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QuickBooks® Intermediate II

Taking QuickBooks to the Next Level

Similar to the Intermediate QuickBooks 1 class, the topics covered in this session teach users how to enter uncommon transactions in accounts receivable and accounts payable.  The class includes instructions on properly accounting for a line of credit, recording employee purchases and advances, using pricing levels, recording customer down payments, and much more!  Join us for this class to learn about:

  • Accounts Payable – vendor credits, voiding prior period transactions, employee purchases and advances, debit card and EFT transactions, petty cash, line of credit and vendor refunds
  • Accounts Receivable – cleaning up AR balances, credit memos, pricing levels, customer down payments, NSF checks, recording bad debt and using multiple AR accounts
  • Online banking
  • Recording vehicle
  • Understanding journal entries
  • Using advanced search filters
  • Using advanced reporting filters

Get all four QuickBooks classes for $500!

Instructor: Vickie Caldwell, CPA, Manager, Certified QuickBooks ProAdvisor. Vickie prepares payroll, quarterly and year-end reports in addition to general bookkeeping tasks as part of Controller Services. She has a Bachelor of Science in Accounting from MacMurry College.

Registration information from Career Training Institute or call 406-443-0800

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QuickBooks® Intermediate

For many users, performing common, day-to-day transactions in QuickBooks poses few challenges. The Intermediate class is designed for people who want to learn how to use some of the more advanced features available in QuickBooks.  This class covers in-depth information on using accounts receivable and accounts payable along with other functions available in QuickBooks.  We’ll cover:

  • Accounts Receivable processes – invoicing, applying payments, preparing customer statements and generating meaningful AR reports
  • Accounts Payable processes – entering bills, printing checks, applying credits, and generating meaningful  AP reports
  • Recording trades between vendors and customers
  • Tips and tricks when memorizing reports
  • Using the Loan Manager function
  • Creating and using budget
  • The basics of modifying templates

A manual will be available for practicing functions learned in the seminar.

Get all four QuickBooks classes for $500!

Instructor: Vickie Caldwell, CPA, Manager, Certified QuickBooks ProAdvisor. Vickie prepares payroll, quarterly and year-end reports in addition to general bookkeeping tasks as part of Controller Services. She has a Bachelor of Science in Accounting from MacMurry College.

Registration information from Career Training Institute or call 406-443-0800

Return to QuickBooks class schedule

 

QuickBooks® Online

This is an introductory class for those currently on desktop and wanting to convert to QB Online or someone completely new to QB Online.

This class is $75.

Instructor: Vickie Caldwell, CPA, Manager, Certified QuickBooks ProAdvisor. Vickie prepares payroll, quarterly and year-end reports in addition to general bookkeeping tasks as part of Controller Services. She has a Bachelor of Science in Accounting from MacMurry College.

Registration information from Career Training Institute or call 406-443-0800

Return to QuickBooks class schedule