Hiring Your Children For Summer Help

Posted by Patricia Quinn McMahon on Friday, May 9, 2014 In : Business Owners 

Summer is approaching soon and you are anticipating the traffic. Most business’s hire extra staff to keep up with the Summer time shoppers for their business. Hiring a staff can be complicated if you are not aware of the hiring rules.

Here we will go over the different Federal rules and regulations that a parent-owned sole proprietorship or partnership business that are hiring their own children and for all other employers.

If your business is 100% owned as a sole proprietorship or partn...

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What Small Businesses Need to Know About Data Breaches

Posted by Patricia Quinn McMahon on Wednesday, September 5, 2012 In : Business Owners 

Data breaches can cost small businesses in a big way. From losing money and information to losing the trust of your customers, data breaches affect small businesses in a variety of ways.As bigger businesses are able to improve their defenses against these breaches, it is leaving small businesses more vulnerable to attacks. A recent question-and-answer session with Valorie O'Shoney of specialty insurance provider Beazley Group gives small businesses an idea of just what a data breach can do to...

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New Online Service To Submit Your Sales Tax Is Here!

Posted by Patricia Quinn McMahon on Friday, August 31, 2012 In : Business Owners 
We are making some improvements to Sales Tax Web File.  Now you will be
able to:

  -- file all schedules, late returns, and amended returns online
  -- apply for refunds or credits online
  -- store bank account information to use for future payments

To help promote compliance and ensure that all taxpayers are paying their
fair share, we are also asking you to report additional business
information, including:

 -- total non-taxable and exempt sales for each filing period
 -- total credit and debit car...

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Five Important Tips on Gambling Income and Losses

Posted by Patricia Quinn McMahon on Wednesday, August 29, 2012 In : Tax Payers 

Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must be reported on your income tax return. You can also deduct your gambling losses…but only up to the extent of your winnings.

Here are five important tips about gambling and taxes:

1. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the...

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IRS Offers Tips to Reduce Big Refunds and Prevent Tax Bills

Posted by Patricia Quinn McMahon on Friday, August 24, 2012 In : Business Owners 
IRS Offers Tips to Reduce Big Refunds and Prevent Tax Bills

The Internal Revenue Service reminds taxpayers that it's not too late to adjust their 2012 tax withholding to avoid big tax refunds or tax bills when they file their tax return next year.

Taxpayers should act soon to adjust their tax withholding to bring the taxes they must pay closer to what they actually owe and put more money in thei
r pocket right now.

Most people have taxes withheld from each paycheck or pay taxes on a quarterly bas...

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About Me

Patricia Quinn McMahon Hello, my name is Patricia McMahon. I am the owner of McMahon Bookkeeping Services. With 25 years of administrative, and bookkeeping skills, I have earned my experience with working with small business to large Corporations such as IBM. I started my Bookkeeping business in April of 2005. It has been an honor to help service other business owners with their bookkeeping needs. Knowing that my service helps other business owners keep their business running efficiently, gives me a lot of pride. I look forward to my work every day, and meeting more professionals to work with. I am also a mother of a beautiful 9 year old daughter.


McMahon Bookkeeping Services  ® April 2007

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