TaxSlayer Pro Newsletter
KNIGHTLY NEWS

A Letter from the President

by Jimmy Rhodes, PRESIDENT

Another tax season is coming to a close and I hope all of you had a great year. I know that the enhancements we added to our software assisted in making your business more productive and profitable. I want to assure you that many more enhancements are in store for the coming tax season. Many enhancements come directly from our clients. So please take the time to complete our yearly survey within the TaxSlayer Pro program. This will ensure that we add your needs and ideas to our program as we strive to make it even better.

In this issue of the Knightly News, we have added a new section called, "ERO Spotlight", where we feature one of our great users, Rickie Clements. Find out how he came to be a loyal TaxSlayer Pro user. If you have a story to tell, send it to us at sales@taxslayerpro.com. We will be glad to share your experiences with all of our clients.

We are also proud to announce that this year we will not only be attending the IRS Tax Forums, but also many other shows as well. If you are attending one of the shows, please come by and say Hello! We would love to see you in person.

Again, thanks for your continuing help and support. We could not be where we are today without you, our loyal users.

Taxslayer Books

We are excited to announce that we have made improvements and changes to our 2008 TaxSlayer Books software. Many of these are a direct result of the suggestions we received from our customers. So we hope that you are as excited as we are about the improvements that we've made.

One new feature that we've added to our 2008 version is a setup wizard, a simple yet effective method to help you set up a company. We have also added a State Unemployment Report. This new report will allow you to quickly calculate your quarterly SUTA taxes. For those of you using QuickBooks we have just added a QuickBooks conversion feature which will allow you to easily convert your financial data to TaxSlayer Books. For those of you already using TaxSlayer Books you will be excited to learn that we have just added the ability to e-file 1099s for 2008.

We are now working on an Accountant/Client feature which will allow your clients to electronically transfer their personal data to you for your professional review. This feature should be available next month.

With our TaxSlayer Books program you can e-file your 941s, W2s, W3s and 1099s. Our program also allows you to have an unlimited number of clients, an unlimited number of employees and it allows you to post transactions either after the fact or in real time. In addition you can pull your corporate tax return data directly from TaxSlayer Books into our TaxSlayer Pro tax software.

Choose the TaxSlayer Books package that best fits your needs –from our W-2/1099 package, to our Basic or Premium package all ranging in price from just $99 to $199. While our competitors may charge for each individual module, here at TaxSlayer Books we are committed to delivering a user friendly accounting software at a user friendly price. With our top of the line premium package you will receive the full payroll module including the federal and state withholding tables for 2008, the sales module, the purchase module, the bank reconciliation and full reporting capabilities just to mention a few.

We hope that you are as excited as we are about the TaxSlayer Books All Inclusive Comprehensive Bookkeeping Program. Please visit us at www.taxslayerbooks.com and click on Buy Now or you may contact us through our web site for more information. We thank you for your support and we are excited that you are a part of our TaxSlayer family.

Empezando en mayo, el IRS, Automáticamente empezará a enviar El Pago de Estímulo Económico.

by Ana L. Rivera, Representante en Español

El IRS acaba de anunciar a los contribuyentes que en la mayoría de los casos ellos no tienen que hacer ningún esfuerzo extra para recibir el paquete de Estimulo Económico. Los contribuyentes que son elegibles para recibir el estímulo todo lo que deberán llenar es la declaración de Impuestos para el año 2007. El IRS comenzará a enviar estos pagos en el mes de mayo poco después que la temporada de Impuestos concluye. Más de 130 millones de contribuyentes continuarán recibiendo los pagos durante la primavera y hasta el verano. El orden en que serán enviados será publicado pronto por el IRS.

El contribuyente recibirá su pago de Estimulo económico por el mismo método que haya elegido recibir su reembolso del año 2007.

Es muy importante recordar que solo los contribuyentes con numero de seguro social valido son elegibles para recibir el pago de Estimulo económico. Si el contribuyente está casado y declara en conjunto tanto el contribuyente como su esposa (o) , deberán tener seguro social valido. Si tiene hijos, estos también deberán tener un número de seguro social valido.

Los contribuyentes que declaran impuestos utilizando un Número de Identificación de Impuestos o ITIN, y que es expedido por el IRS, no son elegibles para recibir este pago. Igualmente no son elegibles los individuos que son dependientes, de una persona que declara usando un ITIN o los que declaran utilizando las forma 1040 NR.

El IRS, también está trabajando de cerca para asegurarse que los individuos que reciben beneficios del Seguro Social (Social Security), y sean elegibles y puedan recibir este pago. Normalmente los ingresos recibidos del seguro social no están sujetos al impuesto gravable. Sin embargo la ley que acaba de ser aprobada en Febrero, permite contar estos beneficios como ingreso que cualifica dentro del requerimiento de $ 3.000, y así poder recibir el pago de Estimulo económico. Pero vale recordar que es indispensable presentar declaración de Impuestos para recibir dicho pago. Las personas que no han recibido la forma SSA-1099 pueden calcular el beneficio anual recibido del Seguro Social, tomando la cantidad mensual recibida y multiplicándola por el numero de meses que la ha recibido durante el año, y este resultado se entrara en la línea 14a de la forma 1040A o la línea 20a de la forma 1040.

ERO Spotlight

Rickie Clements
RC Financial Services
Decatur, GA

TaxSlayer Pro User Since 1999!

Rickie started "playing" with taxes in 1980 during his senior year of high school after a teacher showed him how to fill out the tax forms. He continued to play around with taxes throughout college and while playing basketball. In 1987, it was time to decide on a profession, so he started completing taxes for others. For many, tax preparation causes a great deal of stress, but for Rickie, it came natural to him - he is completing his 20th tax season this year!

Rickie has been a TaxSlayer Pro user since 1999. While at an IRS Tax Forum in Las Vegas that summer, a very convincing salesperson named Cora, shared the TaxSlayer Pro experience with Rickie during an evening reception. He had only planned to go to the demo room to get snacks, but he left that night with a new group of business partners. Per Rickie, he tried hard to stay with the software he was using but at every corner Cora was able to give him examples of why TaxSlayer Pro was a better product. After a long evening, she finally had him sold. Rickie has referred many business professionals to TaxSlayer Pro since he originally purchased and vows to continue to do so in the future as well.

"The best thing about TaxSlayer Pro software is the TaxSlayer staff. I have found that the people behind the software think just like me - What can I do to help my client's tax experience be better. The software is very user friendly and easy to navigate." Rickie has given credit to TaxSlayer Pro for helping his business move to the next level. Because of the speed, he can move quickly in and out of the tax return, allowing him additional time for new customers and to build relationships with current clients. "The software is error free and has a great technical team to assist you in time of need. When bringing in new employees, the online tutorials assist in training them to use the software. Having all the tools that are needed to grow my business has been a great asset to RC Financial Services' success."

The clientele of RC Financial Services is diverse. They handle everything from the RAL customer to high school and college students, to CEOs and professional business owners. The office is open year round and also provides tax planning for the upcoming year.

Rickie, along with wife Melissa, have four children: Amaris (freshman at Georgia State), Amari (High school junior); Ryan (born in 2001) and Caleb (born in 2002). If you are ever in Decatur, GA, Rickie would love for you to stop by and share your TaxSlayer Pro story with him.

Technical Support

It's that time of year again; time to reflect on the past few months. We hope that when you look back you will agree that the 2007 tax season was the best one ever. All of us in technical support had a great tax season and this is due in part to our loyal TaxSlayer Pro customers.

Customer Survey

As you know, this past summer, our TaxSlayer Pro technical support staff was ranked #1 in Customer Support by the NATP Journal for the sixth year in a row. We appreciate all of you who voted us into the #1 position. We will continue to do our very best to exceed all of your expectations. One way you can help is by completing the customer survey that is located in the TaxSlayer Pro program. If you have already filled it out for this year, thank you. If you have not had a chance to complete it, select the 'Help' menu in TaxSlayer Pro and select 'Customer Survey'.

Program Updates

- Beginning with the 2008 tax season, we will require all of our TaxSlayer Pro customers to have Internet access, preferably Cable or DSL.
- Also, Microsoft no longer supports Windows 95, 98, ME, or NT; all of your computers in your office should now be running Windows 2000 SP3 or higher.
- We also encourage everyone to obtain a Flash drive or USB drive as floppy disks are no longer compatible and are extremely unreliable.

If you have any questions, please let us know. The TaxSlayer Pro technical support staff wishes you a very happy and relaxing summer tax season. If you need any assistance throughout the year, please let us know - we will be here to help you. Thank you again for your continued support of TaxSlayer Pro.

Meet The Team...

1. Name: Ana L. Rivera
2. Birthplace: Bogotá, Columbia
3. Family: Husband, David; One Daughter, Victoria, and two sons, David and Felipe
4. Biggest Accomplishment: Going back to school after my children started school and getting a great job with an excellent Company that values, not only what I do, but also values me as an individual.
5. Favorite Places: Munich, Germany and Colombia
6. Favorite Hobbies: Music, poems, traveling and spending time talking with family and friends
7. Favorite Color: Green from the "US Dollar"
8. Favorite Animal: "Picasso" my doggy
9. Favorite Food: Colombian stew "sancocho" and corn bread "arepa"
10. Something you don't know about me: My husband is from Puerto Rico. We met in Munich, Germany. We got married in Denmark and came to the United States around 18 years ago. What a small world!