August 3, 2008

Once again, Johanna Fox CPA participated in the St. Jude's Dream Home Giveaway. Here, Paul Bell is on the set of WPSD-TV ready to announce the name of the winner of the laptop computer and QuickBooks software we donated.

July 21, 2008

FDIC-Insured Deposits

By Teresa Ray, CPA Candidate

Deposits are insured by the Federal Deposit Insurance Corporation for $100,000 per depositor, per insured institution.  All branches of a bank are considered one institution.  Accounts such as checking, savings, and certificates of deposit are covered for $100,000 total, but retirement accounts are covered separately.  Accounts may be co-owned by people, but not legal entities such as corporations, estates, trusts, or partnerships.  Co-owned accounts are considered -- for insurance purposes -- to be owned equally.  For example, if two account holders are listed, then the account is shared 50% each, and could have a maximum balance of $200,000 for full coverage, if no other accounts are owned at that institution. 

The wording of “and”, “or”, or “and/or” has no effect for insurance purposes.  The account is automatically divided equally no matter the wording.  Please feel free to ask questions of your customer service representative at your financial institution before depositing funds about FDIC coverage. 

More information, including a coverage calculator, can be obtained from the FDIC’s website, http://fdic.gov/. 

July 14, 2008

IRS Warns of New E-mail Scams

(The following information is from WebCPA)

Washington, D.C. (July 14, 2008)
By WebCPA staff

The Internal Revenue Service issued an alert about a new wave of e-mail scams that use the IRS name to commit identity theft.

In May and June, taxpayers reported nearly 700 phishing incidents to the IRS in which scammers sent e-mail purportedly from the agency trying to lure the recipients into divulging their personal financial information. So far this year, taxpayers have reported about 1,600 phishing incidents to the IRS. The most common scams involve economic stimulus payments and tax refunds.

In one scam, the e-mail claims the recipient is eligible for a tax refund and instructs the victim to click on a link to access a refund claim form. The claim form requests personal information the scammer can then use to access the victim's bank account or credit card.

Another scam e-mail purports to be a message from the IRS asking for the victim's bank account information so an economic stimulus payment can be directly deposited there. Yet another scam e-mail offers a link to an IRS report on the company where the recipient works. When the recipient clicks on the link, the Web site may put software on the victim's computer that might allow a hacker to take over and probe for personal information. In a similar scam, an e-mail contains a link to a supposed petition from the Tax Court about a case involving the IRS and the recipient.

Scammers are also using faxes to coax information from taxpayers. One fax claiming to be from the IRS asks the recipient to update their information for the IRS files and promises a special tax refund. The fax asks for not only financial information, but also a copy of the recipient's passport and driver's license, and his or her mother's maiden name.

June 11, 2008

As we shoot our new television commercials - "Bob the Builder" and "Satisfaction Guaranteed" - Lynda gets a shot of Johanna at her desk.

May 23, 2008

Johanna Fox CPA helped sponsor Christian artist Gretchen Smith at her art exhibit opening entitled, "No Turning Back" at the Mark Palmer Gallery in Paducah. The opening coincided with the Lowertown Arts and Music Festival held over the weekend.

April 15, 2008

The team at Johanna Fox CPA celebrated the end of tax season with a day on the golf course at South Highland Country Club. Here are some of our pictures!

February 25, 2008

The team at Johanna Fox CPA enjoyed a night out on February 25. Everyone enjoyed pizza and a few rounds of miniature golf at Let's Glow Golf in Paducah, KY!

February 4, 2008

Johanna Fox CPA, Inc. Selected as One of the 10 Most Dependable™ Accounting Professionals in the Southeast

MAYFIELD KY --  Johanna Fox CPA, Inc. has been selected by Goldline Research as one of the 10 Most Dependable™ Accounting Professionals of the Southeast.  The list of the Most Dependable Accounting Professionals of the Southeast is scheduled to be published in the February 18th issue of Fortune Magazine. 

“It is an honor for us to be selected to receive this distinguished award. It really is a testament to the care and diligence we put into cultivating lasting relationships with our clients and providing value to the services we provide,” said Johanna Fox Turner, President of Johanna Fox CPA, Inc. She added, “We work hard to offer the level of service you’d expect from a big city firm, right here in West Kentucky.”

“We are pleased to have Johanna Fox CPA, Inc. on this list” said Ryan Kluft, Publisher of Goldline Research.  He also said, “They exceeded all of our industry criteria and had outstanding client references.”   Over 3,400 Accounting Professionals were contacted regarding the list and the response was overwhelming. 

In addition to financial, wealth and resource planning, Johanna Fox CPA, Inc., based in Mayfield KY, offers business and QuickBooks consulting as well as tax planning and preparation and traditional accounting services and can be found online at www.jfoxcpa.com.

Goldline Research is a list research and publishing company specializing in investigating the credibility and performance of companies in a variety of professional services industries for selective inclusion in their published The Most Dependable™ lists.  Goldline Research works closely with leading professionals in professional services industries to develop criterion for each industry, which forms the basis for its selection process.  Goldline Research’s lists have appeared nationwide for over 4 years in a wide variety of print publications such as Southwest Airlines SPIRIT Magazine, Texas Monthly, San Diego Magazine, United Hemispheres Magazine, Delta Sky Magazine, Forbes, Fortune, LA Magazine and Phoenix Magazine.  In order to be selected to a Most Dependable™ list, firms must meet all of Goldline Research’s industry criteria, have no consumer complaints, lawsuits or disciplinary actions and provide client references that are checked and scored based on a proprietary scoring system. 

January 25, 2008

Johanna Fox CPA Announces New Licensee

MAYFIELD, KENTUCKY – Johanna Fox CPA, Inc. is pleased to announce that Paul Bell has recently passed a series of four exams qualifying him to receive his license as a Certified Public Accountant (CPA).  Mr. Bell serves as Managing Accountant at Johanna Fox CPA.

He received his BA in Accounting from Murray State University in 2002. Prior to joining Johanna Fox CPA, Mr. Bell worked as a Staff Accountant at Thurman, Campbell & Co., in Hopkinsville.

Mr. Bell serves as an Ambassador for the Mayfield-Graves County Chamber of Commerce and was a member of its Leadership Class of 2007. He lives in Murray with his wife, Lisa.

Johanna Fox CPA, Inc., based in Mayfield KY, offers business consulting services, wealth and resource planning, and traditional accounting services.

Our monthly pot luck lunch. The theme was "finger foods" and everything was delicious!

January 11, 2008

A little birthday celebration with Johanna.

December 13, 2007

The Team Celebrates Christmas!

On Thursday, December 13, the team at Johanna Fox CPA celebrated the holidays in Fulton, at the home of Lynda Brooks, with a big pot luck sit-down dinner. Everyone enjoyed wonderful food and company, and celebrated with a gift exchange and even played games!  Here are some photos...