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This year, CFY-NYC is a partner in the #GivingTuesday campaign – a movement to celebrate giving and encourage more, better and smarter giving during the Holiday Season. You can be a part of #GivingTuesday by making a tax-deductible gift to CFY-NYC today!

CFY-NYC is participating in #GivingTuesday to celebrate our 15-year anniversary! For 15 years, CFY has been delivering free computers (packed with the best educational software) to low-income students across all 5 boroughs of New York City. But it’s not just having a computer that helps our neediest students succeed; it’s also having teachers who are excited to use technology in their classrooms and parents who are engaged in how to connect their students to the best technological resources. That’s why CFY-NYC’s Digital Learning Program is such a success! We help students excel in school by partnering with everyone involved in the educational process.

This year, we tested a more intensive model of our Digital Learning Program and last year we expanded it to all of our four regions across the country. The results are very promising. Six out of the seven partner schools that ran the more intensive model last year saw increases in school percentile rankings as determined by student proficiency in math.

With your support we can continue to bring the best in education technology to our neediest schools and raise the achievement rates for hundreds of students.

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MCBtax Financial Services provides tax and accounting services to individuals and small businesses virtually, home, office or your job site.Cash in = Account Receivables
Is your account receivable report showing a high balance or a low balance? Or you are not sure when you last view the report. Account receivable is money which is owed to your company by customers for products and services that you provided on credit. The simple meaning is cash is coming in. 

Accounts Receivable (AR) Days (accounts receivable divided by sales, multiplied by 365 days) can help you see roughly the number of days your company takes to turn accounts receivable into cash. The lower numbers are more desirable, since it is better to have cash in the bank than extra receivables on the books. 

Need assistance, Call MCBtax at 1-347-464-9153 or send an email.






 
 
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The federal government is having a neighborly issue. You know the one, the tidy-whitey and scratching neighbor that comes out to get his newspaper the exact same time you are leaving for work. Sorry Mr Rogers, I can't say "can you be my neighbor?" because it's already too late. Appropriations does not affect him or the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS.

The Internal Revenue Service still expects tax payments to come in on schedule. That means the Oct. 15 deadline remains in effect for people who requested a six-month extension to file their tax return. People with extensions in parts of Colorado affected by severe storms, flooding, landslides and mudslides also have more time, until Dec. 2, 2013, to file and pay.

Check to see if you qualify for these and other often-overlooked credits and deductions:
  • Benefits for low-and moderate-income workers and families, especially the Earned Income Tax Credit. The special EITC Assistant can help taxpayers see if they’re eligible.
  • Savers credit, claimed on Form 8880, for low-and moderate-income workers who contributed to a retirement plan, such as an IRA or 401(k).
  • American Opportunity Tax Credit, claimed on Form 8863, and other education tax benefits for parents and college students.
  • Same-sex couples, legally married in jurisdictions that recognize their marriages, are now treated as married, regardless of where they live. This applies to any return, including 2012 returns, filed on or after Sept. 16, 2013. This means that they generally must file their returns using either the married filing jointly or married filing separately filing status. 

For further information, visit irs.gov or call us at 347-464-9153. 

Need assistance, call MCBtax at 347-464-9153 or send an email.




 
 
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The federal shutdown is affecting taxpayers who have pending issues before the Internal Revenue Service, or who have questions about returns due Oct. 15. Some taxpayers who were sent notices about levies and liens just before the shutdown find themselves unable to access funds and no way to resolve it until the federal workforce returns. Other taxpayers are unable to resolve identity theft issues. 
The Wall Street Journal (tiered subscription model) 
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