2012 March Newsletter
3/1/2012 7:35 AM
We have survived another cold, dark winter and are looking forward to more daylight, less snow and new blooms as we move into spring.
Now that the Ides of March have passed, it is crunch time. The final countdown to April 17th has begun. If we prepare your personal, trust or partnership tax return and your information has not reached us yet, you will be on our extension list. An extension however, will only extend the amount of time you have to file the return; it does not extend the payment deadline. Any tax liability not paid on or before April 17, 2012 will accrue late penalties and interest; therefore we still need your tax information and related documentation as soon as possible so that we can estimate your tax liability (unless that was previously handled for you at year end via tax planning). Please contact us with any questions or concerns and we'll make sure you are taken care of in time for our deadline.
If you that have already filed but you owe estimated taxes, please remember that these also need to be postmarked no later than April 17, 2012.
Even with our busy season in full swing, we haven't slowed down in other areas to include community activities, events, and client services. Please read on to see what is in the works now and on the other side of tax season.
For those of you that have been following our emails these last few weeks, you'll know that we have been competing in the annual March Can Drive in support of Hopelink's five local food banks here in North and East King County. Unfortunately, we were eliminated after Week 2 but we are still very proud to have contributed over 345 pounds of food and dollars to Hopelink.
A special thank you to some of our nearest and dearest clients and friends of the firm for contributing to our campaign (you know who you are). We could not have been successful without you and are very appreciative of your efforts and support.
The competition continues, which you can follow via Hopelink's Events page and/or Facebook. To date, the participating businesses have collected over 11,300 pounds of food with a few weeks still left. Last year's campaign brought in just shy of 10,000 lbs. so we are well on our way to setting a new record, which is wonderful to see. We're excited to announce the Champion next month so stay tuned!
Some of you may already have a connection with us via a social media outlet, most likely through LinkedIn with one or two of our staff people. What you might not have known is that we have business listing pages on Twitter, LinkedIn and Yelp.
How does that affect you, if at all? For those of you who use these social media networks, it gives you greater access to firm articles, important announcements and current events. So, if you don't already, please "follow" our company page on LinkedIn and Twitter.
Lastly, for those of you who enjoy online videos and free educational information, please watch this YouTube video on the Business Transition Process, presented by Chris Falco.
As we venture into more social networking and media channels, please feel free to plug into them - they are a great avenue to be seen and heard in. Next up: the world of Facebook!
Always on your list of things "to do" but never quite getting around to it - that's how most of us approach our financial planning needs. We know we need to do it and we'll get around to it next week which turns into next month which then turns into next year........and then the next year. That is why now in 2012, it's time to get this in motion.
Whether you are looking for the best tools to put your financial plan into action or you just have a single need for insurance or an investment account, our financial planning team is positioned to help you. Because we are independent, our team can give you an unbiased look at those options and help you choose the right tools to meet your specific goals and timelines (which have been growing since you initially identified the need how long ago now?)
Planning is an essential piece in your wealth accumulation goals, but so are some of the following activities which our team can also assist you with (if you don't already have outside assistance in these areas):
- Create and manage retirement plans and employee benefit plans for small businesses;
- Provide advice and service on all kinds of insurance products - life, disability, long-term care - for individuals and businesses;
- Manage investments - large or small - from 401(k) rollovers to college savings accounts to IRAs and investment accounts, through a wide range of platforms and investment options including annuities, mutual funds, separately managed accounts, exchange-traded funds and alternative strategies;
- Advise businesses on buy-sell agreements and key person benefits;
- Provide consulting services for real estate investing, business acquisition, estate planning, trust analysis and qualified plan comparisons.
As you can see, there is a lot to think about in addition to options available to you. Please feel free to contact us if you are interested in exploring your options or to help get your plan started. There's no time like the present!
Resolution for the Young at Heart! Benefiting Hopelink: April 29, 2012 - The Redmond Athletic Club
World of Hope Dinner & Auction Benefiting Eastside Domestic Violence Program: May 5, 2012 - Meydenbauer Center, Bellevue
Tuxes & Tails Dinner & Auction Benefiting Seattle Humane Society: May 12, 2012 - at the Hyatt Regency Bellevue
When asked how you prefer to be contacted by members of our team here at Falco Sult, you responded:
- Email: 87.5%
- Telephone: 12.5%
- Mail: 0%
- Other: (please specify) 0%
Thanks to everyone who helped contribute to this poll. We highly value your input.