Don’t Be Afraid of an IRS Tax Audit

First of all, if you got a note in the mailbox that you are going to have an IRS tax audit, it probably sent a chill down your spine. Remember, they just want answers to questions, they are not accusing you of anything, but there’s something that they don’t understand.

The first thing you need to do is pull your IRS tax filing forms. Go through them carefully and see if you can see where the misunderstanding has happened. Perhaps a decimal point was placed wrong, perhaps something was in the wrong column.

Then check on your deductions, you want to make sure that these deductions made sense to the IRS. Go through your paperwork, make sure that you have documentation providing an explanation for all of the deductions. This is often where IRS tax audits come from. There is a misunderstanding somewhere in your deductions. It’s possible you have the tax rates wrong or other mistake.

Of course, if you have not already done so, contact the people that help you prepare your tax returns and filing. This is vital, often, they are responsible for any mistakes, meaning that they may have to pay the difference between what you paid, and what you now owe because of an IRS tax filing mistake.

It’s important to respond to all IRS correspondence in a prompt manner. While you may be terrified of an IRS tax audit, it’s probably not as bad as you think. Just pull together all of your forms, your documentation, and of course, any receipts you may have.

If you do have a simple question for the IRS, they often have phone numbers you can reach, and even sometimes an e-mail address you can use to ask your questions. Don’t stand immobile, don’t be frozen in fear, an IRS tax audit is only to explain something that they don’t understand.

Author: Frank Rodriguez
Source: ezinearticles.com

Importance of Inventory Software

Inventory software is manufcatured specially to meet the necessities of small and medium sized enterprises. Called as SMEs, such as PC stores, mobile phone stores, bookstore, boutique, footwear store, antique store, retail stores, online shopping malls etc. It is simple to generate invoice, do inventory control like invoice management, stock balance management, goods management, goods category management, staff sales records management and staff satisfaction management, backup and reinstate stock by Inventory Power’s consumer friendly interface and functionalities. All these activities can be easily performed through one and only inventory software. And Inventory strength supports full customizable company information, logo, tax codes and values and invoice details etc. Inventory management software, for instance is the complete business accounting solution provider to manage your company accounting records. Simple yet strong, this accounting system is used to judge enterprises accounting records in an organized way. Technically advanced billing and invoicing software is also capable of maintaining enterprise’s records, client records, voucher entry, user settings and other crucial fields for better user interaction. Primary functionality of inventory accounting management software is used to create a novel enterprise record to maintain fiscal exchanges and maintain the enterprise account with other related information in easiest possible way. Easy to operate Inventory Accounting Software allows business users to maintain Taxation details (like Bill Sundry, Tax Type and Sale Transfer Form) that is to be charged during sales/purchase system of a product. It facilitates user to follow balance sheet reports, trial balance and profit and loss report to understand the total trade transaction earned by the enterprise. New and advanced inventory management tools provide user authentication facility to view existing enterprise record and facilitates to maintain administration settings as per user need. Using award winning inventory management is a cakewalk and does not require any training beforehand.

Author: Antje Wilmer
Source: articlesbase.com

Mootropolis.com announces today the formation of MooStores.com. MooStores.com offers full-featured online stores with checkout, inventory controls, and more starting at just $19.95 per month.

MooStores offers:

1) Full-Featured Storefronts (no limits)

2) No Setup fees.

3) No hidden fees or extra costs

4) Unlimited items

5) No per item charge

6) No sales fees

7) Use of to 8 types of payment systems including Paypal.com
8) Thumbnails of items

9) Inventory and customer systems

10) Order management system

11) Complete control over categories and products

12) Product reviews

13) Your own Mootropolis.com forum in the MooStores section

14) E-mail address (and more to come on this one)

15) Use your own domain if you so choose

16) Free advertising every month on our sites

17) Personalized setup and tech support. We work one-on-one with you.

18) Deluxe storefronts coming soon for high volume vendors

19) Support from a variety of auction sites.

20) Supports electronic delivery

21) And many more features.

Sellers that sell on a variety of auction and marketplace venues need a centralized store to provide their customers better service. MooStores will work with several other venues to provide increased advertising and traffic to their sites and the storefront owners.

MooStores.com is in response to many request by individual sellers to have an independent place to offer their non-auction wares. Recent changes in the industry have led MooStores to offer good value and support.

MooStores will also be offering in the near future deluxe online stores that support bulk uploading (csv) and more robust features at only a slightly higher cost to those high volume sellers that need more than what is currently offering.

The first online store went live on November 17th, 2003 named Robnzak Books, a used book seller well-known in the auction industry. More vendors have already signed on and will be opening soon from a software vendor, computer vendor and e-book store.

MooStores customers also receive free marketing, promotions, and advertising offered by Mootropolis.com now and in the future, including the upcoming MooCash promotion to help drive traffic to Mootropolis, MooStores, auction and marketing venues supported on Mootropolis, and other Pasture Projects.

About Mootropolis.com

Since Novemember 1st, 2001, Mootropolis.com is one of the fastest growing online auction and marketplace discussion communities. Mootropolis offers a wide-range of services from news feeds to discussions on hundreds of auction sites and marketplaces.

About Robnzak Books

Robnzak Books is a full service Internet book stop. With over 15,000 titles to choose from, we can handle the reading needs of everyone from the casual reader to the collector of modern signed first editions. If we have not added that special book you have been looking for to our store yet, drop us a line, we just might have it. Dedicated to superior personalized customer service, we hope you make Robnzak a part of your on-line book buying experience.

Visit:

http://www.moostores.com/

Read more at:

http://www.mootropolis.com/

Those sites wishing to become partners with MooStores.com and Mootropolis.com please contact us at sales@moostores.com .

Author: Anonymous
Source: free-articles

What to Expect From a Home Energy Audit

Almost every call I receive for a home energy audit comes from someone that has just received their electric bill in the mail and are shocked at it’s size. Rarely people are concerned about energy savings when their bills are low which are during the spring and fall months. Summer usually instigates more calls than any other time. The client is in a panic and wants to know what they can do to lower their energy bills immediately. Unfortunately, there is usually no magic bullet when it comes to home energy savings, but the good news is that there are things that can be done to lower your bills that an energy audit can address.

One thing to keep in mind is that it takes many small improvements to make an impact. Also keep in mind that the older a house is, the need for an audit is greater since house built long ago were not built for efficiency as they are today. I get calls from people for an energy inspection where the house is only a couple of years old and I tell them upfront that the audit may not benefit them at all since the house should already have everything in place for energy efficiency.

Here are some basics that should be covered by a home energy audit.

The inspection and reporting of all energy aspects of the house such as the insulation levels and ventilation of the attic, the condition and types of the windows, the age and performance of the air conditioning and heating systems, and the efficiency ratings of the water heater and appliances.
The audit report should also be generated with a software program that will calculate the ROI…..Return On Investment. This will let you know where you should spend your dollars for improvement and bang for the buck. Or in other words, if you are planning on staying in you home 5 – 10 years and if the energy savings on upgrading all the windows takes 15 years to break even on the investment, that may not be a wise decision to make.
There should be a blower door / air duct test performed on the house. A blower door is a high velocity fan mounted in a covered frame that is inserted in an exterior door opening. The fan pressurizes or de-pressurizes the house to determine how “leaky” the house is and the audit technician can determine where the air leaks are located so sealing can be performed.
Finally, the audit should give you suggestions on improvements as well as a break down cost analysis of such improvements.

For more information on the energy audit I perform, go to my Home Energy TuneUp page.

Author: Kent Keith
Source: ezinearticles.com

FMG Technologies, Inc. partners with McKesson Health Solutions to offer Stella for HEDIS data collection to its clients nationwide.

Conshohocken, PA, December 6, 2002โ€”FMG Technologies, Inc., a technology firm specializing in packaged software solutions and end-to-end systems integration, today announced that they have partnered exclusively with McKesson Corporation, ranked #31 on the Fortune 500 list with annual revenues in excess of $50 billion. Together, the two companies will offer FMG’s Stellaโ„ข handheld software product to McKesson’s 70 managed care organizations nationwide to perform NCQA mandated HEDISยฎ audits.

HEDIS, or the Health Plan Employer Data and Information Set, is a set of standardized performance measures sponsored by the National Committee for Quality Assurance (NCQA). NCQA is a non-profit organization that measures and reports the quality of healthcare provided by managed care organizations nationwide. NCQA is the premier healthcare accreditation body and to obtain NCQA accreditation, health plans must annually collect and report HEDIS audits.

HEDIS audits are typically a very labor and time intensive process, plagued by errors due to the excessive paper trail and manual processes involved.

Stella is a feature-rich handheld application device that enables any type of data collection by a distributed workforce to be streamlined into an easily accessible, electronic and mobile format. Stella can be managed from a Web browser and be quickly and easily customized and managed by non-programmers. Prompting users with prescribed questions and using intuitive logic to recognize and warn against incorrect entries, Stella dramatically reduces errors and duplicate data entry, saving time and money and increasing productivity and accountability.

FMG’s mobile software application, Stella, and McKesson’s CareEnhanceโ„ข HealthPlan Reporter, McKesson’s HEDIS reporting software, will be offered to all McKesson clients as an integrated solution for 2003 HEDIS audits.

Horizon Blue Cross Blue Shield of New Jersey was one of the first managed care organizations to implement FMG Technologies’ Stella software. The technology has had a significant effect on the organization’s HEDIS reporting activities, according to Karl Weimer, MPH, team leader and clinical epidemiologist at the health plan, who reports that using handhelds for HEDIS data collection has enabled the organization to recoup its technology investment in just one year.

โ€œIn less than two weeks, we were collecting twice as much data with the same number of staff. We’ve virtually eliminated errors in the data collection process because of the software’s rules engine, which means our data analysis process has gone from weeks to minutes. We’ve also reduced the overhead dollars spent on HEDIS reporting, as handhelds are cheaper and easier to maintain than laptops, and at the same time we’ve improved the security of the data we’re collecting. We’ve even significantly improved the quality of life of our staff members, who no longer have to visit provider sites multiple times to collect additional or corrected information.โ€

โ€œAll of this may sound like an overstatement,โ€ Weimer sums up, โ€œbut these benefits are very real. In fact, we feel handhelds hold similar promise in the areas of utilization management, case management, and disease management.โ€

According to Tom Gilmore, Vice President of Sales and Marketing for FMG Technologies, McKesson’s leadership position in the HEDIS reporting arena made it a natural choice for technology partner. โ€œMcKesson’s software is an integral part of the HEDIS reporting process for over 70 managed care organizations,โ€ Gilmore says. โ€œAdding the established benefits of our mobile technology โ€” the ability to quickly, easily, and cost-effectively collect the most accurate information โ€” to McKesson’s powerful analysis and reporting software will be an unbeatable combination for any managed care organization.โ€

About FMG:

FMG Technologies, Inc., headquartered in Conshohocken, PA, specializes in end-to-end systems integration services and packaged software solutions. Some of FMG’s expert integration services include IT strategy consulting, workflow optimization, software development and network architecture. FMG has significant healthcare experience, including implementation of a number of 3rd party software packages: Online guided selling and configuration software, Enterprise commissions systems and FMG’s self-service, transaction-oriented provider portal. Other software applications available from FMG include a remote data collection and analysis application known as Stellaโ„ข, which utilizes handheld devices; FMG also offers other database management technologies. Each member of FMG’s experienced and dedicated team is committed to the successful delivery of technology solutions to help clients meet their business goals.

About McKesson Corporation:

McKesson Corporation is the leading provider of supply, information and care management products and services designed to reduce costs and improve quality across healthcare. Founded in 1833, with annual revenues of more than US$50 billion, McKesson ranks as the 31st largest industrial company in the United States. The McKesson Health Solutions business unit offers integrated technologies and services for the payor, provider and pharmaceutical manufacturer markets. The CareEnhance(TM) Products division supplies workflow technology that facilitates case, disease and utilization management; business intelligence tools for measuring, reporting, and improving clinical and financial performance; and InterQual(R) Criteria for clinical decision support. The CareEnhance(TM) Services division provides call center and online programs for disease management, nurse triage, early identification and referrals. The Specialty Pharmaceutical division supplies multiple channels with services for specialty product dispensing, reimbursement, patient support and compliance, and wholesale distribution. For more information, visit our Web site at www.careenhance.com.

HEDIS is a registered trademark of the National Committee for Quality Assurance (NCQA).

Author: Anonymous
Source: free-articles

OHS – “Our” Responsibility

Managing Occupational Health, Safety and Welfare (OHSW or OHS) is most effective when OHS is tackled as a system, rather than as a range of random and unrelated activity. The key advantages of a systems approach are that levels of accountability are more clearly articulated, priorities are easier to determine on the basis of risk assessment and integration with other core business systems can be more successfully achieved. Another by-product is that when things go wrong, there is less likelihood that blame will be attributed to the victim. The operation of the OHS Management System is the starting point for remedial action.

Previously, I have written about systems approaches to psychological injury reduction and hazard reporting and control. Strategic attention to these critical areas undoubtedly reduces the frequency and severity of injury to employees. A strategic approach to OHS is commendable. However, I increasingly find myself wondering whether we are overlooking or minimising the critical role that employees play in the pursuit of safer workplaces. There are no shortage of articles, research papers and other publications about “employee engagement” and “consultation”. Exhortation on this topic is voluminous.

What I do notice is that much of the material is about what organisations and managers do to, or for, employees in order to maximise their safety. There is less in the way of persuasive material about what is done with employees regarding OHS. I would suggest that an organisation staffed by employees who understand and fully comply with OHS policies and procedures is less safe than one where employees understand the intent of the policies and procedures and actively think and discuss ways to achieve the intent. Employees require a workplace where the opportunity and culture supports this kind of initiative. I recently encountered the “L.I.F.E.” model. The model suggests 4 key factors in which there is opportunity for employee engagement. These are;

* L = Leadership

* I = (As in me)

* F = Friends at work, or co-workers, and

* E = Environment

The L.I.F.E. survey asks ”

How Safe am I at Work?” and asks 20 questions from an employee perspective. The survey is notably limited in its scope, but does provide some strategies for employees to initiate improvements in these four domains. As with many other business operations, I believe that employees will, by and large, place the same level of importance on health, safety and environment (HSE) as they see from senior management. Where commitment from senior people is lacklustre, OHS becomes more of a weapon than an embedded way of operating. Two areas not picked up by the L.I.F.E. model are risk assessment and internal OHS audit activity. These functions have a great capacity to be a visible reminder of commitment to OHS in the workplace and to directly involve employees. Risk assessment is so conceptually simple that we often don’t realise we are constantly using this technique. Each time we ask ourselves “What if I do it this way?” or “If [X] or [Y] happens…” we are undertaking a risk assessment. Employees need the opportunity to raise their awareness of the value of risk assessment on a day to day basis and to implement the relevant tools in a conscious way.

Risk assessment doesn’t need to be a major time consuming “production”. It is simply about making informed choices. Internal OHS audits are highly visible and usually accompanied by a heightened self awareness. Managers and employees recognise the process will either showcase strengths, or highlight gaps. The emotional charge that accompanies internal audit activity makes it a potential gold mine for individual and system development. Some organisations take the approach that every employee is an internal auditor and resource them to use these skills in their own work group as well as in other work groups. These organisations frequently report significant progress in terms of systems development and reduced liabilities due to workplace injury. This kind of environment turns criticism and dispute into constructive feedback. As an employee, to be recognised as a critical component in the OHS Management System is a powerful way to be valued and to have faith in organisational commitment to the health, safety and welfare of every person in the workplace.

Author: Lewis Stratton
Source: ezinearticles.com

Creativity Management – It’s All About Routine

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.
There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.
There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.
It’s all about routine
Graham Green, the famous English novelist, said that his success was down to writing 500 words a day. The value of routine in enhancing creative output is often underestimated:
a) Incremental goals such as the above produce far more output than random moments of waiting for inspiration or a “do your best” approach.
b) Inspiration and insight are the result of the mind working on problems at various cognitive levels. By keeping to a routine, problems constantly are identified and put into focus and the mind is tasked to solve them on a regular basis. Insight and inspiration are increased in frequency and duration.
c) The increased output that results form routine also increases the probability that quality will emerge. The relationship between quantity and quality should not be underestimated. Some of the most recognised works have been produced when the creator was being most prolific.
d) Routine increases the rate at which competencies, refined methodology, knowledge and process are learned, thus speeding up optimisation of performance.
e) Creative leaps or radical innovations are usually made by individuals who have significant experience in a field. Glover et al (1989) identified only three notable works produced before year ten of a composer’s career. If you want to make a breakthrough you have to put in the time.
These and other topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com/
You can also receive a regular, free newsletter by entering your email address at this site.
Kal Bishop, MBA
**********************************
You are free to reproduce this article as long as no changes are made and the author’s name and site URL are retained.
Kal Bishop is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/

Author: Kal Bishop
Source: articleage.com

How to Avoid a Tax Audit

One of the major fears of an average American, is when taxes are concerned is that of an IRS tax audit. Over the years, people come up with a number of ways of avoiding a tax audit. The following are a few simple tips, in order to avoid a tax audit. Now, even when we are confident that you can file your taxes properly, you keep wondering as to when, you would re required to receive a phone call, as well as a letter from the an IRS representative. So, you might worry a little bit lesser this tax season.

A few types of taxpayers have been much likely to be audited, than in case of others. They involve taxpayers who earn in excess of 200,000, small business owners as well as self-employed taxpayers. It also includes taxpayers who might be hiding the taxable income overseas. A major catalyst, in regard to tax audit is by having high deductions, in comparison with the other taxpayers within the same tax bracket. As it is, one can account for high deductions, caused due to attachment of a receipt or in other cases,Now, since the documentation to the tax return. While an average deductions might make way for an audit, being proactive, as well as reduction of the chances of getting audited. Do not be afraid to deduct the expenses, which tend to be legally deductible. Instead, you can make sure that you can justify the sum of your deduction. You should write checks wherever possible and keep up a copy of the cancelled checks in your records.

You can make use of tax preparation software. You can take up Tax prep soft wares, such as TurboTax, which eliminate the calculative errors, which may lead to an audit. As it is, they may also do a study of the tax return to let you realize that any items which could trigger an audit. You should be aware that tax software can not completely eliminate the chances of getting audited as the IRS computer systems audit a number of random taxpayers each year.

You can make use of a reputable tax preparer. As it is, you may not have an idea, as to what kind of reputation a particular tax preparer has made up with the IRS. Make sure that your tax preparer must be experienced with the filing of the kind of return, which you need. You may find out about the audit record at the preparer.

Author: Celina Joe
Source: ezinearticles.com

Corporate Security Needs For a More Dangerous World

In this global economy, corporations are vulnerable to security breaches that could result in the stealing of essential information, property loss or damage, and even harm to executives and their families. Companies both in the United States and abroad are ramping up security systems and employing new strategies to keep themselves protected. Here’s a brief look at the three main areas of corporate security.

1. Background investigations and due diligence

It is essential that a company protect itself and its interests by having background information researched on every new applicant or employee. Some of the areas that are checked include criminal history, financial reviews, personal reputation, validity of credentials, etc. Performing a comprehensive check on each individual is one of the most effective ways for a company to make sure its prospective employees or employees are who they say they are.

2. Executive and workplace protection

What would your company do in the event of a crisis or emergency? Do you have a plan in place? Many companies are hiring a team of experts to come in and formulate a crisis management plan that can be implemented immediately when needed. This plan includes protective measures for executives and their families, what to do if information systems come under attack, and how to act if a physical disaster either man-made or natural occurs.

3. Physical security audits and planning

How secure are your physical facilities, and do you know who is coming in and out of your doors at all times? Having a physical security audit performed is a great place to start: security experts will come in and assess the measures you are taking and determine what’s working and what is not. They will then be able to suggest and implement a better system to keep your physical facilities and workers as safe as possible.

Corporate security should be paramount on any executive’s or business owner’s list of priorities in this dangerous world: it is wise to stay on top of it.

Author: Billings Farnsworth
Source: ezinearticles.com

Tips For Improving Your Practice

What steps can you take to improve your practice? Five key areas you can focus on are reimbursement systems, billing and collections, accounts receivable management, operations improvement, and practice growth. Following are key questions you should answer regarding each of these areas.

Reimbursement Systems

· Are you maximizing all reimbursements? If not, why not?
· Are optimum codes being used?
· Are the fees being charged correct and are they maximized? One worthwhile exercise to check coding accuracy is to perform periodic reviews of visits to make sure they are coded correctly. Another worthwhile activity is to periodically reeducate those in the office responsible for coding and also to review coding inaccuracies by coder to determine where additional training is required.
· How many coding errors are taking place and what can be done to improve coding accuracy

Billing and Collections

· How effectively are denied claims followed up on?
· What percent of claims initially denied are accepted and what can be done to improve this denial recapture?
· How effectively does your office perform insurance verification and eligibility checks?
· Do you have a good report of co payment collections to make sure that all co payments are collected?
· Are claims submitted and validated electronically?
· How effective is your re-billing procedure?
· How effectively are you collecting for self-pay accounts?

Accounts Receivable Management

· How effective is your collection agency in recovering amounts?
· What percent of receivables are written off? Are write-offs coded by reason?
· Do you regularly receive and review an aged accounts receivable report?
· Do you receive a report of receivables sorted by insurance company to flag any insurance companies that appear to be contributing a disproportionate share of old receivables?
· Have you considered using small claims court to pursue old large balance receivables?

Operations Improvement

· When was the last time you conducted or had someone conduct a review of your policies and procedures to determine if they can be updated or improved?
· To what extent have you considered outsourcing?
· Do you regularly review practice expenses by category to make sure that all costs are adequately managed and controlled?
· Have you reviewed how patients are processed and how they flow through your office to determine if this could be improved?
· How do your staffing costs compare to other practices that are similar to yours?
· Do you have and do you regularly review on a weekly and monthly basis key performance measures for your practice?

Practice Growth

· Do you have an effective way to track which new patients come from referrals?
· What percent of your new patient enrollments is created from referrals? What steps can you take to improve this percent?
· If you advertise your practice, how do you track the effectiveness of that advertising?

All of these areas can be improved by using effective practice management and billing software. In evaluating any new software for your business, you should consider these questions and how the software will assist you in improving reimbursement, billing and collections, accounts receivable management, operations, and practice growth.

Author: Frank Gordon
Source: ezinearticles.com