| ICLUB Insider |
November 1, 2006 |
THE LATEST NEWS ON
INVESTING SOFTWARE BUILT BY ICLUBCENTRAL INC.
Summary
It's that time of year again -- ICLUBcentral's Club Tax Printers for 2006 will be available for pre-sale later this month. The Club Tax Printers make it a snap to prepare your club's required IRS filings -- all from within your club accounting software. Hiring an accountant or tax preparer to complete your forms would cost hundreds of dollars, so there's no easier or quicker way to prepare your required tax filings than by using ICLUBcentral's Club Tax Printers.
For 2006, Club Tax Printers are ONLY being produced for Club Accounting 3.1 and Club Accounting Online (myiclub.com), so if you haven't already updated your accounting software, do it now before Tax Season hits!
As always, ICLUBcentral Club Tax Printers will be available for both federal and several state returns. For 2006, we're pleased to offer software for three new states -- Colorado, New Jersey, and Pennsylvania join Arizona, California, Georgia, Maryland, Massachusetts, Minnesota, Missouri and New York as states supported by ICLUBcentral's State Club Tax Printers.
Because it's only November, all Tax Printer programs can only produce draft forms, which cannot be used to file with the IRS or your state agency. However, the software features an auto-updater, which will automatically download and install the final forms after they are approved by the IRS. Then, you can quickly print the final tax documents for your club.
So, why buy your Tax Printer software now? Because you'll receive special early bird pricing by ordering before December 31, 2006. So if you're a treasurer, get approval at your next club meeting to pre-order your club's Tax Printers, and stay tuned to your email inbox and the ICLUBcentral homepage for pre-sale availabilty and pricing.
How Do I Close My Books?
by Daniel R. Abraham, Director of Technical Support
Strictly speaking, "closing the books" is a misnomer. You don't have to put everything on hold while you finish out last year's transactions. You can continue to record next year's transactions while finishing this year's transactions in preparation for filing the partnership tax return.
A few warnings and reminders to start:
- If you are still using Club Accounting versions 1 or 2, you must move to Club Accounting 3.1 (CA3.1) or Club Accounting Online (CAO) to run your taxes.
- Do not enter ANY transactions on 12/31 except the valuation. No deposits, no sales...nothing. If the broker or bank say the transaction is on the 31st, move it to the 30th in the software.
- If you can't make it on time, you can ask the IRS for an extension. Visit www.irs.gov for more information. The partnership return is due on April 15th.
- Want to know how Club Accounting determines how to fill out the form? Check our support page.
You will not be able to finish processing the year's transactions until...(Continue reading at iclub.com)
Since releasing Take Stock for purchase two weeks ago, copies have been flying off the shelves. In fact, we've sold so many that we're soon going to have to print a new run. Until then, we're able to offer the remaining copies of Take Stock at the low price of $14.99 -- that's 25% off the list price -- but only while supplies last.
Learn how to avoid the pitfalls of Wall Street and find success in the stock market -- purchase your copy of Take Stock today!
Are you the education officer for your club? Are you teaching a class at an upcoming meeting or event? Do you need investor education materials and software?
If you answered "yes" to any of those questions, then visit our new Training page on the ICLUBcentral website. All from one convenient online location, you can now access everything you'll need to put on a successful class or educational event.
Need us to set you up with a demo club for a Club Accounting Online workshop? No problem. Want a guest speaker at your event? We'll check our schedules. Don't feel like making your own PowerPoint presentation? We've got tons of 'em. Just fill out an Event Support Request and we'll contact you to work out the details.
Plus, by accessing our Training page, you'll become an "Educational VIP," and be the first to know about new presentations and educational offerings from ICLUBcentral.
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© Copyright 2006 ICLUBcentral Inc. All rights reserved.
Some ICLUBcentral products use the investing methodologies of BetterInvesting, a national nonprofit organization dedicated to investor education. BetterInvesting assumes no liability or obligations with respect to the investment education information or other content presented in the ICLUB Insider. For more information on BetterInvesting, please visit http://www.betterinvesting.org.
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