MHC&S Named Business of the Year
We are pleased to announce that McGowen, Hurst, Clark & Smith, P.C., was named the 2007 Business of the Year, awarded by the West Des Moines Chamber of Commerce at the Annual Dinner held Jan. 17 at the Des Moines Golf and Country Club. This is the third year the WDM Chamber has presented the Business of the Year award, which is based on corporate citizenship and community involvement. Bob McGowen, Managing Partner, accepted the award on behalf of the firm. Bob said, “I am very proud of our team members who actively volunteer their time and resources to varied organizations for the betterment of our community.”
In the past year, the firm added a work benefit giving each employee eight paid hours of Volunteer Time Off (VTO), to assist a cause of their choice. “In providing Volunteer Time Off, we want to support our employees in their efforts and incorporate an attitude of helping others in the work culture of our firm,” said Bob McGowen.
2008 Tax Deadline Dates
March 3 – Farmers
File your 2007 income tax return (form 1040) and pay any tax due. However, you have until April 15 to file if you paid your 2007 estimated tax by Jan. 15, 2008.
March 17 – Corporations
File a 2007 calendar-year income tax return (form1120 or 1120-A) and pay any tax due. If you want an automatic six-month extension of time to file the return, file form 7004 and deposit what you estimate you owe.
March 17 – S corporations
File a 2007 calendar-year income tax return (form1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K-1 (form1120S), Shareholder’s Share of Income, Credits, Deductions, etc., or a substitute Schedule K-1. For a six month extension, file form 7004.
March 31 – Individual tax information
Please provide your individual income tax information to MHC&S to assure returns can be timely filed by April 15.
April 15 – Roth/Traditional IRAs
Make contributions to your Roth or traditional IRA as an eligible deduction for your 2007 tax return.
Half-way Through the Tax and Audit Season
Time certainly flies – especially when you’re having fun! Just ask our accountants. February 21st marks the halfway point through our tax and audit season ending April 15. To commemorate this day and thank our MHC&S team members, a delicious catered breakfast complete with eggs, bacon, potatoes, waffles-to-order and mile-high cinnamon rolls will be served to hard-working team members. Doing those tax returns can work up a big appetite!
Please know MHC&S is accepting new clients. Please call 515-288-3279 (West Des Moines) and 515-462-1882 (Winterset) to schedule your tax appointment.
