Back to top

Newsroom (Archives)

Character Trait for September

Posted by Admin Posted on Sept 05 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/resilience_238x160.png

Hyde & Company’s character trait to practice for the month of September is RESILIENCE

 

Everyone comes across setbacks in life.  They come in all forms, just as we do.  How we respond those obstacles is what defines us.  Some of us may not necessarily overcome certain situations, but what develops character is whether or not you get up, dust yourself off, and start again.  "I am not what happened to me, I am what I chose to become." -Carl Gustav Jung.  This month, we acknowledge our challenges & meditate on the steps to becoming more resilient.  Join us:

 

1. ACKNOWLEDGE YOUR SITUATION

It's important to step back, acknowledge what is happening & how you feel about it.  By identifying the obstacle, you can learn how to overcome it.

Think about a time you were knocked down in life.  How did you handle it?

Is there, or was there, someone in your life who was there for you & helped you deal with challenges?

2. MAKE A NEW PLAN

If your current efforts aren't working, reevaluate.

Why can making a new plan be difficult to do?

Think of someone who is good at handling change.  Do you like being around them?  Why or why not?

Who is someone you can ask to help you gain a new perspective?

3. PICK YOURSELF UP & TRY AGAIN

Everyone gets knocked down from time to time.  But, it is critical to pick yourself up & try again - with a new approach.

Do you know someone who never recovered once life knocked them down?  Would a different approach have helped?

When have you felt like giving up vs. tackling the problem again?

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

The information above was provided by Strata Leadership.  Visit the their website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

15 Years in Business

Posted by Admin Posted on Aug 31 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/Design_for_online.jpg

August 2017 marked Hyde & Company CPAs' 15th year in existence.  We've had people come & go, but our spirit & mission never changed. Throughout the month we've been taking a look back at some of our favorite memories via our Facebook page.  Here's what we found!

 

Ground Breaking & Construction for Suite 200 (circa 2007)

https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_0171.JPG https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_0180.JPG https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_0184.JPG

https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_0288_238x160.JPG https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_0203_238x160.JPG

 

Community Involvement

https://secure.emochila.com/swserve/siteAssets/site10109/images/Infant_Crisis_Christmas_2009(2).JPG https://secure.emochila.com/swserve/siteAssets/site10109/images/Infant_Crisis_Christmas_2009(1)_238x160.JPG

https://secure.emochila.com/swserve/siteAssets/site10109/images/Infant_Crisis_Christmas_2009_238x160.JPG

Christmas with Infant Crisis (2009)

https://secure.emochila.com/swserve/siteAssets/site10109/images/Nami_Walk_2010.jpg https://secure.emochila.com/swserve/siteAssets/site10109/images/Nami_Walk_2010(1)_238x160.jpg

NAMI Walk 2010

https://secure.emochila.com/swserve/siteAssets/site10109/images/Habitat_Oct_21.2010_238x160.JPG

Habitat for Humanity (2010)

https://secure.emochila.com/swserve/siteAssets/site10109/images/Peace_Through_Business_2010_238x160.JPG

'Peace Through Business' through IEEW (2010)

https://secure.emochila.com/swserve/siteAssets/site10109/images/Bedlam_For_Babies_Nov_2015(1).JPG https://secure.emochila.com/swserve/siteAssets/site10109/images/Bedlam_For_Babies_Nov_2015(2).JPG

'Bedlam for Babies' for Infant Crisis Services (2015)

https://secure.emochila.com/swserve/siteAssets/site10109/images/Wear_Red_2-5-16.JPG

'Wear Red Day' for Go Red for Women (2016)

https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_1319_238x160.JPG

Suited for Success donation drive (2017)

 

Parties

https://secure.emochila.com/swserve/siteAssets/site10109/images/2011.jpg https://secure.emochila.com/swserve/siteAssets/site10109/images/anniversary_2011_238x160.JPG

https://secure.emochila.com/swserve/siteAssets/site10109/images/celebration_station_2011(1).JPG

https://secure.emochila.com/swserve/siteAssets/site10109/images/halloween_2015.JPG https://secure.emochila.com/swserve/siteAssets/site10109/images/halloween_2016.jpg

 

 

Extended 2016 Tax Deadlines for Personal Tax Returns

Posted by Admin Posted on Aug 22 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/deadline_tcm18-233781_238x160.png

 

Extended Tax Date & Cutoff Deadline

If our firm filed an extension for your personal (Form 1040) 2016 tax return...Monday, October 16 is the deadline to file.  We must receive all of your tax information no later than Wednesday, September 20 so we can verify that we have everything we need to complete your tax returns by the due date.  If you do not provide us your information by this date we cannot guarantee your returns will be filed by the Oct. 16 due date.

 

 

Information Needed

Please drop off information at our office or upload using File Exchange through your secure online client portal.

Check out our illustrated videos, which can give you insight during this tax season.  Remember to 'LIKE' our Facebook page to always stay informed on what you need-to-know!

 

OTC Amnesty Program

Posted by Admin Posted on Aug 10 2017

 

Are you behind on your Oklahoma income taxes?

Forget to pay use tax on equipment acquired from an out-of-state vendor?

Do you have other tax compliance issues?

https://secure.emochila.com/swserve/siteAssets/site10109/images/seal_of_oklahoma_238x160.png

Now is the time to act!  The Oklahoma Tax Commission (OTC) is offering an amnesty program from September 1, 2017 through November 30, 2017 which could administer a waiver of penalties, interest, and other collection fees for taxpayers who voluntarily file delinquent tax returns.  All you need to do is pay the taxes due or setup a payment plan with the OTC during the initiative.

 

Eligible Taxes

  • Corporate & personal income tax for tax periods prior to January 1, 2016
  • Sales & use tax
  • Withholding tax
  • Gross production & petroleum excise tax
  • Gasoline & diesel tax
  • Mixed beverage tax

 

 

Lookback Period

  • Taxes assessed is limited to 3 taxable years for annually filed taxes, or, 36 months for those that are not filed annually

 

 

Eligibility Requirements

  • No outstanding tax liabilies other than those reported under the initiative
  • Not have been contacted by the OTC regarding a potential or actual obligation to file a return or make a payment
  • Not have entered into a voluntary disclosure agreement for the same type of tax within the last 3 years

 

 

Consequences of Non-Compliance

  • Denial to register, renew, or verify your state professional license
  • Tax lien on your home & garnishment of your pay in the future (OTC has 9 years from assessment to file a lien & can renew that lien twice for 10 years each, for a total of 29 years)
  • Penalties & interest

 

 

Acceptable Payment Plan: 6-Month Installments

 

 

If you are a client of Hyde & Company, contact us today to take advantage of this limited opportunity!

 

 

Character Trait for August

Posted by Admin Posted on Aug 02 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/punctuality.jpg

Hyde & Company’s character trait to follow for the month of August is PUNCTUALITY

 

Punctuality. The word creates a visual in our heads. That could be a character trait or maybe someone specific. It could be an image of someone sitting up straight, showing up on time, and being enthusiastic about whatever is happening in the moment. Growing up it seemed like the kid who possessed these characteristics was always the "teacher's pet" when, in fact, that was the kid who got it before anyone else. Being punctual isn't about brown-nosing, it's about being respectful towards others and doing the right thing at the right time. At Hyde & Company, we are constantly practicing our punctuality to ensure we stay atop of deadlines. Our punctuality as a firm is crucial in anticipating our clients' needs and to help them grow financially. This month we are working on becoming more punctual as well as instilling it to others using these helpful tips:

 

1. KNOW YOUR SCHEDULE

Create a schedule without over-committing yourself to avoid the chance of being late to something.

How do you keep track of your daily schedule? How is it working for you?

How do you politely refuse someone's request or invitation?

2. KEEP TRACK OF TIME

Don't get so caught up that you forget about other commitments - Set reminders/alarms to help you remember the time.

What do you use to keep track of time/remind yourself of appointments?

Ask a friend or colleague some tools or "tricks" they use to keep track of time. 

3. PLAN FOR DELAYS

Plan a little "cushion" in your schedule, budget, and life to handle setbacks.

Think about your day-to-day schedule. Where are some potential areas you could add some "cushion"?

How do you feel when you have time to spare?

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

The information above was provided by Strata Leadership.  Visit the their website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

 

 

Extended Tax Deadlines for Companies & Trusts/Estates

Posted by Admin Posted on July 24 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/Deadline_image_238x160.png

Extended Tax Date & Cutoff Deadline

If our firm filed an extension for your company and/or trust/estate 2016 tax returns, Friday, September 15 is the deadline to file.  We must receive all of your tax information no later than Tuesday, August 15 so we can verify that we have everything we need to complete your tax returns by the due date.  If you do not provide us your information by this date we cannot guarantee your returns will be filed by the Sep. 15 due date.

 

 

Information Needed

Please drop off information at our office or upload using File Exchange through your secure online client portal.

Trust/Estate Info Needed

Business Info Needed

 

*For shareholders/beneficiaries, individual 1040 tax returns cannot be filed until a K-1 has been distributed from the company/trust tax return*

 

 

Be a Team Player!

Posted by Admin Posted on July 12 2017

What does it mean to be a team?  When hearing the word ‘team’ most people automatically think of a group of players forming one side in a competitive game or sport.  All teams have one thing in common: people coming together to achieve a common goal.  Our natural instinct as fans is to act like we’re a part of a team.  We need to get better on defense!”  “’We are going all the way this year!”  Although WE aren’t physically playing on a field or a court, this doesn’t change the fact that we pour ourselves into the teams we love.  We invest our time, money, and emotions into supporting them.  Teams on the field don’t exist without their supporting team off of it.  THAT’s what it means to be a team!

 

Young athletes in our area need our support now more than ever.  The fact is this: there are hundreds if not thousands of children in Oklahoma alone that want to be a part of a team but can’t.  They can’t because they can’t afford the proper sport shoes, uniforms or equipment.  They can’t receive that morale boost that you can only get from team.  With our support, we can change can't to can.

 

Hyde & Company wants to help and we need you!  This summer we are partnering with Oklahoma Cleats for Kids, a not-for-profit organization involved in giving sports shoes and equipment to children in the community as well as engaging kids to give back to their community in sports related community service.  In order to achieve this mission, Cleats for Kids relies solely on contributions from people within the community.

https://secure.emochila.com/swserve/siteAssets/site10109/images/flyer_shortened.png

From July 17 through August 31, 2017, we are hosting a drive where we will be collecting sports equipment such as shoes/cleats, clothes, gloves, helmets, etc.  Show your support and Be a Team Player!

 

Drop off hours are Monday through Friday, 8am to 5pm.  We are located at 7100 N. Classen Blvd., Suite 200, Oklahoma City, OK 73116.

 

Visit www.okc4k.org to learn more about Oklahoma Cleats for Kids and how they impact our community!

https://secure.emochila.com/swserve/siteAssets/site10109/images/Cleats_for_Kids_Logo_238x160.png

Follow us on FacebookTwitter and Linkedin for details throughout our campaign.

>>>>>Get your Oklahoma Cleats for Kids campaign flyer <<<<<

 

Character Trait for July

Posted by Admin Posted on July 05 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/courage_238x160.png

Hyde & Company’s character trait to follow for the month of July is COURAGE

 

Being courageous goes deeper than the obvious.  Those serving our country, our communities, fighting for our freedom - those are your obvious heroes.  They make difficult decisions and/or lay their lives on the line for the benefit of others.  But courage doesn't begin & end with those in the public spotlight.  Courage is simply overcoming a personal battle or tackling an obstacle, taking on harmful feedback, & coming out on top.  Resolving tax matters for our clients doesn't always result "good news".  In fact, we are often put in a position to deliver not-so-pretty outcomes. But, that's why we're here: to put our clients in a position where they can courageously tackle their issues head-on.  Obstacles come your way just about every day...How can you be more courageous?

 

1. CLARIFY WHAT'S IMPORTANT

To overcome fear, determine what you feel is important & worth taking the risk to accomplish

What are some situations that frighten you or cause you concern?

What are some things you feel are important - that you are willing to take a risk to protect?

2. EXPECT RESISTANCE

Courage happens when you take a risk.  Risks generally come with negative feedback.  Prepare yourself emotionally to meet challenges.

Have you ever had to stand up to someone? What did you do & how did it feel afterwards?

Think about a time when you had to share difficult feedback with someone.  How did you approach them?  What would you have done differently?

3. FOLLOW THROUGH

The easy thing to do is give up when things become difficult or frustrating.  Keep up your effort, the results will be refreshing.

How do you motivate yourself to keep going even when it was difficult?

Think of someone who is courageous.  How do they handle adversity or challenging situations?

 

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

The information above was provided by Strata Leadership.  Visit the their website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

 

How Long Should I Save It?

Posted by Admin Posted on June 30 2017
 

OK Franchise Tax - What YOU Need to Know

Posted by Admin Posted on June 22 2017

It's that time of year again!  During the month of July, we will be preparing Oklahoma Annual Franchise Tax Returns for the period July 1, 2017 through June 30, 2018.  Does your company need to file?  Read below to find out!

https://secure.emochila.com/swserve/siteAssets/site10109/images/Publication1_238x160.png

 

Frequently Asked Questions

 

Who files & pays franchise tax?

All regular corporations and subchapter S-Corporations are required to file Form 200, Oklahoma Annual Franchise Tax Return, & pay franchise tax.  Not-for-profit & partnerships (LLC's) are not subject to franchise tax.  Foreign not-for-profit corporations, however, are still required to pay the $100.00 registered agent fee. LLCs are statutorily exempt from franchise tax.

 

How is franchise tax calculated?

The franchise tax is calculated at the rate of $1.25 for each $1,000.00 of capital employed in or apportioned to Oklahoma.  Only those corporations with capital of $201,000.00 or more are required to remit the franchise tax.  The maximum amount of franchise tax that a corporation may pay is $20,000.00.  When a corporation’s franchise tax liability is zero, the corporation must still file an annual franchise tax return.  If a foreign corporation (one domiciled outside Oklahoma) has no franchise tax due, it is still liable for the $100.00 registered agent fee.

A corporation filing its franchise tax return on July 1, 2017 shall use the corporation’s 2016 income tax year balance sheet in preparing the return, regardless of whether the corporation is a calendar-year or a fiscal-year filer.  A corporation that elects to use its income tax return due date for payment and filing of the corporation’s franchise tax return shall use the corporation’s 2016 income tax year balance sheet in preparing the return.

 

When is it due?

Oklahoma franchise tax is due & payable each year on July 1 (or by September 15 without penalties).

 

When do franchise returns become delinquent?

The return is delinquent if the corporation files & pays the tax after September 15 of each year.

 

What are the penalties for paying the tax late?

If a corporation has a franchise tax liability & does not remit the tax by September 15, the Oklahoma Tax Commission assesses a penalty of 10% of the tax due along with interest accruing at the rate of 1.25% per month.

 

Character Trait for June

Posted by Admin Posted on June 02 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/flexibility_(2017).png

Hyde & Company’s character trait to follow for the month of June is FLEXIBILITY

 

Change is inevitable.  Now, more than ever, change is also constant.  Improving technology and ever-changing tax laws initiate the need to adapt and make our environment relevant and effective.  At Hyde & Co., we understand the needs of our clients vary due to distinct demographic characteristics, which is why one of the most important traits we must inhabit is the ability to be flexible.  By no means do we have things figured out 100%, which is why we are working this month to become more flexible by following the tips and asking ourselves the questions below (join us!).

 

1. ANTICIPATE CHANGE

If you are able to mentally prepare yourself for the possibility of change, you will have a better chance to respond positively.

Why does expecting change help you prepare for it?

What is one of the most challenging changes you had to deal with lately? What did you do?

2. ROLL WITH THE PUNCHES

You're not going to anticipate every change, which is why your ability to remain effective depends on your ability to get back up when you've been knocked down.

When was a time when life knocked you down and you had to get back up and keep going? How did you feel after you were able to make it through?

Think of someone who has helped you deal with change.  What did they do that helped you?

3. RECOVER AND REBUILD

Maintain a good attitude through the process and willingly tackle your new challenges and you will grow.

How can rebuilding after change help you find new and better ways of doing things.

How can flexibility help you be happier when you leave work and return home?

 

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

The information above was provided by Strata Leadership.  Visit the their website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

 

Online Security & Identity Theft Risks

Posted by Admin Posted on May 30 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/bg3_238x160.jpg

IDENTITY THEFT: NOT WORTH THE RISK

Hyde & Company’s primary goal is keeping your information confidential, by any means necessary.  There have been numerous situations where clients have become victims of Identity Theft and the process to resolve the issue is a grueling one. The IRS has determined that one of the prime targets of data theft is tax preparation companies.  Many identity theft incidents occur when sensitive material is transmitted through non-secure networks, such as regular email or even surface mail. This threat to our clients has brought about how sensitive material should be sent to us, and, vice versa.

*Related material: Hyde & Co.’s  “Identity Theft: What to Know, What to Do”

 

SAFE & SECURE

Given the ever-changing security risks that must be considered when transacting business online (or through email), Hyde & Company CPAs understands your concerns about data security and safety.  Because you’ve chosen our services, you can be assured that your data is being stored in a secure network.  Every precaution is taken to guarantee the safety of your data, including multiple levels of security, built-in safeguards to prevent attacks and ID spoofing, and continuous education for our staff on the confidential nature of your information and need for privacy.

Upon receiving your information, Hyde & Company CPAs takes all measures necessary to safeguard your data.  However, the transfer of data from you - our client - to us is where risk most often occurs.  File Exchange is the best tool to send us your documents securely (see features below).

 

For years Hyde & Company CPAs has provided a secure online portal for all of our clients to utilize that allows us to exchange documents with one another.  This client portal is accessable 24/7 through our website (http://www.hccpas.net/client-login). In order to reduce risk and increase protectection from data theft, we strongly urge all of our clients to utilize their portals as it is the best way to protect yourselves and reduce risk of theft.

https://secure.emochila.com/swserve/siteAssets/site10109/images/click-emails_238x160.jpeg

CLIENT PORTAL FEATURES

Once your portal has been setup, you can download documents, pay invoices, or upload files within a secured, password-protected online infrastructure.

 

  • File Exchange: The perfect tool that allows you to send your documents or QuickBooks files to us securely, with ease.  Our staff uses File Exchange in order obtain necessary signatures from our clients for certain confidential documents.

 

  • Online Invoice Payments: Need to pay your invoice to us with a credit card? Just logon, click My Invoices, select which invoice(s) to pay and the rest is simple!

 

  • Document Presentation: Get copies of your tax returns, financial statements, payroll reports or any other files from our firm – no need to hunt for your paper copy! If you have more than one account with Hyde & Company, your documents are sorted as such into separate folders.

 

  • NetClient CS Mobile APP: The FREE client portal app allows you to access files or pay invoices from your smartphone or tablet. Available for iPhones and Android devices.

 

 

Taxes - Late Filing, Penalties & IRS Notices

Posted by Admin Posted on May 18 2017

Late Filing & Paying Penalties

April 18 was the deadline for filing 2016 individual tax returns.  This means, any taxpayer who owed tax and did not pay them by April 18 will most likely owe interest and penalties on the tax they owe until it is paid in full.  The same rule applies to those who filed a 6-month extension - if you owed tax for 2016 you are acquiring interest and penalties until you file your returns.

https://secure.emochila.com/swserve/siteAssets/site10109/images/160405_em_parentsburykids_238x160.jpg

Don't dig yourself into a deeper hole!  Keep interest and penalties low by filing your tax returns and pay any taxes owed ASAP!  The IRS will assess the extra fees after the 15th of each month.  Here is a link on the IRS' website outlining important facts about filing late and paying penalties: 

 

What If I Can't Pay What I Owe?

If you cannot pay the taxes you owe by the time you are ready to file your 2016 returns, no need to worry.  Under most circumstances, the IRS will allow you to apply for an installment agreement which grants you the opportunity to pay your balance in monthly installments.  This, however, does not dismiss any interest and penalties you may accrue until your entire balance is paid.

https://secure.emochila.com/swserve/siteAssets/site10109/images/GettyImages-183824184-5719760c5f9b58857d8e074c_238x160.jpg

Our suggestion:  If you do NOT pay your 2016 taxes owed but DO file your returns, wait for the IRS to send you a notice in the mail.  This way it will confirm (1) the balance owed for your taxes and (2) that the IRS has fully processed your return.  When you receive said notice, we can assist in setting up your installment agreement with the IRS!  All we need is a copy of the notice you received and a signed Power of Attorney.  Or if your prefer, you may set up an agreement online.

 

Clients: Avoid further tax penalties...NOW is the time to file your 2016 tax returns! Send us your tax documents to get your returns prepared today!  Drop them off or upload using your client portal.

 

Like our Facebook to stay on top of the latest news regarding your taxes, deadlines, plus much more.

 

VOTE! - Reader Rankings 2017

Posted by Admin Posted on May 09 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/JR-nameplate-2015-WEB-387x72-PNG_238x160.png

https://secure.emochila.com/swserve/siteAssets/site10109/images/ReaderRankingsLogo_238x160.png

The 2017 Journal Record Reader Rankings are in and we made this list!  We are honored to have been nominated!  Now it's time to select us as the Best Accounting Firm (category 6) in Oklahoma.  Also, please take time to select your favorite local businesses in the other categories!

 

VOTE NOW!

 

Character Trait for May

Posted by Admin Posted on May 02 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/alertness_2017_238x160.png

Hyde & Company’s character trait to follow for the month of May is ALERTNESS

 

We as accountants make a living by staying alert at all times.  By being alert we are able to solve issues before they become a major problem for our clients and our firm.  That being said, we are human and miss some things here and there, just as anyone else.  That's why this month we will be working to improve our alertness as a firm by committing to the points below.  We hope you do the same to improve your workplace and everyday life!

 

1. KEEP YOUR EYES OPEN

Alert individuals always know what's going on around them.

What opportunities do you have, in your job, to be alert?

How can being alert save people from getting hurt, preventing issues with quality control, and save the company money?

2. ACT IMMEDIATELY

Taking care of the things you notice will help those around you.  Being considerate of others is one part of the equation, but it is important to act.

When you have noticed something that needed attention, what did you do?

What can happen if you do not take action once you notice something?

3. ANALYZE THE RESULTS

How does an alert worker help the business and the bottom line?

You can gain valuable insight into success by learning from your failures - this helps response time to future situations.

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

Visit the Strata Leadership website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

Suited For Success - Charity Drive Recap

Posted by Admin Posted on Apr 05 2017

We asked and YOU responded! We had a terrific response in our invitation for involvement with our charity drive this season. Suited for Success relies soley on contributions from people with the commmunity and we had numerous people turnout to show that they care! Because of your generosity, we were able to give professional clothing to those who need them - those clothes valued nearly $30,000 total! 

https://secure.emochila.com/swserve/siteAssets/site10109/images/suited_for_sucess_rack_pic.JPG  https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_1318.JPG

Our drive began in early February.  We had such a great response, we had to make more than one dropoff in our month-and-a-half campaign!

https://secure.emochila.com/swserve/siteAssets/site10109/images/IMG_1319_238x160.JPG

Pictured above: Angela Parker, Client Services at Hyde & Company, and Susan Walton, Executive Director of Suited For Success

 

In addition, we also issued a challenge to our clients in March: For every 'Like' our Facebook page received during our charity drive our firm would donate money to Suited For Success. Challenge accepted! We had so many people like our page that we were able to donate $500!

We cannot thank everyone enough for your involvement in this charity drive and for supporting the cause of Suited For Success. They are truly a great organization and we look forward to working with them again in the future!

Find out more about Suited For Success and how you can donate.

 

Character Trait for April

Posted by Admin Posted on Apr 04 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/humility.png

Hyde & Company’s character trait to follow for the month of April is HUMILITY

 

We live in a selfish world. It seems harsh to think that way, but we all have selfish tendencies.  Most are taught to look out for ourselves because no one else will. Sure, effort on our part contributes to our individual success, but the support and encouragement from others is important to understanding our full potential. 

 

1. SHARE THE CREDIT

A humble person recognizes how others have contributed to his or her success.

Think of two people who have made a significant investment in your life. What did they sacrifice on your behalf?

2. ASK FOR HELP

Be teachable, especially when advice comes as criticism.

How can your talents contribute to a team?

How can you improve or get help in your areas of weakness?

3. SERVE OTHERS

You can gain more support and develop better relationships by serving others every once in a while.

Think of a leader you highly respect. How did that person show "servant-leadership"?

How can you apply "servant leadership" in your life?

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

Visit the Strata Leadership website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

 

Extensions for Personal Tax Returns (1040)

Posted by Admin Posted on Mar 27 2017

Time is growing shorter and there are only a few weeks left until the April 18th tax deadline!  If we did not receive your 2016 tax records to prepare your tax return as of March 24th we must file an extension of time to file.

https://secure.emochila.com/swserve/siteAssets/site10109/images/486990777-56a938bc3df78cf772a4e5f7.jpg

In order to prepare your extension properly, please fill out the information (as applicable) on THIS FORM and return to our office no later than Tuesday, April 4th.  If you have predetermined an amount you would like to send with your extension, you may enclose a check with this form when sending to us.  Also please send us your signed engagement letter if you have not already done so.  We can provide you with another copy upon request.

 

Please contact us if you have any questions!

 

Character Trait for March

Posted by Admin Posted on Mar 01 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/enthusiasm_(2)_238x160.png

Hyde & Company’s character trait to follow for the month of March is ENTHUSIASM

 

What makes you happy? Is it your work, hobbies, family? Becoming interested and supportive of something you or others are doing is a decision - Enthusiasm is a decision. We work as a team at Hyde & Company and being enthusiastic about our performance brings out the best in all of us. It's difficult to be enthusiastic all the time, but, follow the keys below and you may become closer to achieving it.

 

1. FIND YOUR PURPOSE

Once you understand your contribution and overall goal, you will gain a bigger perspective on your work.

What is your purpose at your job, and, what do you contribute to the overall goal at work?

What is your purpose in life?

2. DO YOUR BEST

Focus your energy on each project, paying attention to each detail so that you can look back with satisfaction when you finish.

What are some ways you can do your best on your job?

When you haven't done your best - you have rushed a project or not done your best work - how did you feel about it later?

3. ENERGIZE OTHERS

Make sure your words and actions inspire others instead of drain them - Your workplace will become a more pleasant place to be.

What are some ways you can make your workplace better?

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

Visit the Strata Leadership website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

 

 

 

2016 Depreciation Updates

Posted by Admin Posted on Feb 16 2017

 

Depreciation: A reduction in the value of an asset with the passage of time, due in particular to wear & tear.

 

 

Accelerated Deductions

  • Section 179 is $500,000 for new & used qualifying assets in the 3-,5-,7-, and 10-year-life categories
  • 50% bonus depreciation is allowed for all new 3-,5-,7-,10-,15-, and 20-year property

 

Software

  • Software purchased with equipment is treated as part of the cost of the equipment
  • Leased software & software with a one-year life may be deducted when purchased
  • Other purchased off-the-shelf software has a 3-year straight-line life & qualifies for Section 179

 

Qualified Improvement, Leasehold & Retail Property

(excludes expenditures attributable to elavators & escaltors, enlargements, & internal structures)

Qualified Improvement Property & Qualified Leasehold Property

  • Any improvement to an interior portion of a building which is nonresidential real property if such improvement is place in service after 12/31/15 & after the date the building was first placed in service

 

Qualified Retail Property

  • Any improvemetn to an interior portion of a building which is nonresidential real property if such portion is open to the general public & is used in the retail trade or business of selling tangible personal property to the general public

 

 

Depreciation Quick Reference (by property type)

  Qualified Improvement Property Qualified Leasehold Property Qualified Retail Property
Buidling at least 3 years old? No Yes Yes
New construction qualifies? No No No
Written lease required? No Yes No
Related-Party limitations? No Yes No
MACRS 39 years 15 years 15 years
Qualifies for bonus depreciation Yes Yes Yes
Qualifies for Section 179 expense deduction? No Yes Yes

 

 

 

 

 

 

Suited For Success Charity Drive

Posted by Admin Posted on Feb 07 2017

Hyde & Company CPAs has always been invested in supporting the community through involvement with various charities.  This season, we have decided to partner with Suited For Success of Oklahoma City, a charity organization that provides professional clothing and career services to economically disadvantaged women.  In order to achieve this mission, Suited for Success relies soley on contributions from people within the community.

https://secure.emochila.com/swserve/siteAssets/site10109/images/Suited_For_Success_Header.png

From February 7 through March 31, we will be hosting a clothing drive where we will be collecting items indicated below.  Help support Suited For Success and the women in our community by donating new or gently worn classic/conservative professional wear:

  • Suits
  • Dresses
  • Pantsuits
  • Blouses
  • Skirts
  • Pants
  • Shoes
  • Purses
  • Briefcases
  • Jewelry
  • Scarves

 

Drop off hours are Monday through Friday, 8am to 5pm.  We are located at 7100 N. Classen Blvd., Suite 200, Oklahoma City, OK 73116

Be sure to follow us on Facebook, Twitter and Linkedin for details throughout the campaign.

 

 

 

 

 

Character Trait for February

Posted by Admin Posted on Feb 01 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/tolerance.png

Hyde & Company’s character trait to follow for the month of February is TOLERANCE

 

A lot of change is happening around the world, espcially right here in America. It seems like today's world is becoming more & more intolerant, despite efforts of encouragement & acceptance of others. Sharing perspectives, showing respect towards others, & demonstrating a culture of tolerance is just what our society needs. Here are some things to consider...

 

1. TRY TO UNDERSTAND

A tolerant person finds a way to reach common ground, regardless of social, physical, and cultural differences.

How do you feel when others try to understand you instead of jumping to conclusions?

How can people with diverse backgrounds unite around a common goal?

2. GIVE ROOM TO GROW

People will not grow unless they try their ideas & learn from their mistakes.

When did someone give YOU room to learn from your mistakes, and how has that benefited you?

How can different generations learn from one another?

3. UPHOLD THE STANDARD

Tolerance is not an excuse for ignoring problems or blaming others. When conflicts arise, go to those involved to resolve the issue quickly.

In what areas do you have greater tolerance or leeway to do things differently at work? In what areas is there little or no tolerance?

If you decide to decide to confront someone, how can you do it with a humble & gracious attitude?

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

Visit the Strata Leadership website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

 

 

 

 

 

2017 Business Property Returns

Posted by Admin Posted on Jan 18 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/901.png

 

Every year, all busines entities are required to file Form 901 (Business Personal Property Return) with a county assessor's office to report tangible assets for the year.  The due date for filing this year's return is March 15, 2017. 

Click here to review a list of information that is typically needed to prepare this return.

 

 

 

Online Security: What Risks Are You Taking?

Posted by Admin Posted on Jan 16 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/bg3_238x160.jpg

IDENTITY THEFT: NOT WORTH THE RISK

Hyde & Company’s primary goal is keeping your information confidential, by any means necessary.  There have been numerous situations where clients have become victims of Identity Theft and the process to resolve the issue is a grueling one. The IRS has determined that one of the prime targets of data theft is tax preparation companies.  Many identity theft incidents occur when sensitive material is transmitted through non-secure networks, such as regular email or even surface mail. This threat to our clients has brought about how sensitive material should be sent to us, and, vice versa.

*Related material: Hyde & Co.’s  “Identity Theft: What to Know, What to Do”

 

SAFE & SECURE

Given the ever-changing security risks that must be considered when transacting business online (or through email), Hyde & Company CPAs understands your concerns about data security and safety.  Because you’ve chosen our services, you can be assured that your data is being stored in a secure network.  Every precaution is taken to guarantee the safety of your data, including multiple levels of security, built-in safeguards to prevent attacks and ID spoofing, and continuous education for our staff on the confidential nature of your information and need for privacy.

Upon receiving your information, Hyde & Company CPAs takes all measures necessary to safeguard your data.  However, the transfer of data from you - our client - to us is where risk most often occurs.  File Exchange is the best tool to send us your documents securely (see features below).

 

For years Hyde & Company CPAs has provided a secure online portal for all of our clients to utilize that allows us to exchange documents with one another.  This client portal is accessable 24/7 through our website (http://www.hccpas.net/client-login). In order to reduce risk and increase protectection from data theft, we strongly urge all of our clients to utilize their portals as it is the best way to protect yourselves and reduce risk of theft.

https://secure.emochila.com/swserve/siteAssets/site10109/images/click-emails_238x160.jpeg

CLIENT PORTAL FEATURES

Once your portal has been setup, you can download documents, pay invoices, or upload files within a secured, password-protected online infrastructure.

 

  • File Exchange: The perfect tool that allows you to send your documents or QuickBooks files to us securely, with ease.  Our staff uses File Exchange in order obtain necessary signatures from our clients for certain confidential documents.

 

  • Online Invoice Payments: Need to pay your invoice to us with a credit card? Just logon, click My Invoices, select which invoice(s) to pay and the rest is simple!

 

  • Document Presentation: Get copies of your tax returns, financial statements, payroll reports or any other files from our firm – no need to hunt for your paper copy! If you have more than one account with Hyde & Company, your documents are sorted as such into separate folders.

 

  • NetClient CS Mobile APP: The FREE client portal app allows you to access files or pay invoices from your smartphone or tablet. Available for iPhones and Android devices.

 

 

If you ever need any assistance using your Client Portal, contact our admin department anytime.  We can help!

 

2017 Best of Business Awards

Posted by Admin Posted on Jan 12 2017

Voting for the 2017 okc.BIZ Best of Business awards is now open!

Click to vote: Vote Hyde & Company CPAs for Best CPA/Accounting Firm!

https://secure.emochila.com/swserve/siteAssets/site10109/images/BOB-300x250.jpg

Please take a moment to cast your vote for our firm for Best CPA/Accounting Firm for 2017 (Category #8).  Voting ends February 3rd, 2017.

 

As always, thank you for your continued support!

 

Click to vote: Vote Hyde & Company CPAs for Best CPA/Accounting Firm!

https://secure.emochila.com/swserve/siteAssets/site10109/images/BOB-300x250.jpg

Please take a moment to cast your vote for our firm for Best CPA/Accounting Firm for 2017 (Category #8).  Voting ends February 3rd, 2017.

 

As always, thank you for your continued support!

 

2016 Tax Highlights

Posted by Admin Posted on Jan 04 2017
 

Character Trait for January

Posted by Admin Posted on Jan 03 2017

https://secure.emochila.com/swserve/siteAssets/site10109/images/discipline.png

Hyde & Company’s character trait to follow for the month of January is DISCIPLINE

 

Setting any New Year's resolutions for 2017? It will take much discipline to reach your goals. Here are some things to consider...

 

1. PAUSE & THINK BEFORE YOU ACT

Take a moment & think through what is happening when confronted with a situation, then consider all possibilities. You will be in more control & more intentional in your reactions.

What are some things you can look for in your emotions or physical state that might indicate you need to take a step back?

Think of a recent time you were faced with a decision...Did you ask for advice?

2. CONTROL YOUR EMOTIONS

Identify what is causing you to experience strong emotion - then, you will be able to respond in a more rational manner.

How can you tell when you are becoming emotionally upset?

What are some things you can do to help yourself calm down?

3. BUILD HEALTHY HABITS

Whether it is waking up early to exercise or pushing through on a task until completion, the disciplined person has gradually built the habit of doing what needs to be done.

What are some ways you can motivate yourself to do something you need to do but you may not want to do?

Who is someone you might be able to ask to be your accountability partner?

 

 

https://secure.emochila.com/swserve/siteAssets/site10109/images/Character-Core-Logo.png

Visit the Strata Leadership website to learn more about their development program for businesses used for building teamwork, improving communication and developing leaders.

 

2017 Calendar

Posted by Admin Posted on Dec 19 2016

Stay alert of upcoming deadlines with Hyde & Company's 2017 Calendar!

Click the image below for your copy:

https://secure.emochila.com/swserve/siteAssets/site10109/images/2017_H&C_Calendar_banner.png

 

 
 

This blog site is intended for educational purposes directed towards our clients and provides general information about tax, accounting and business related topics.  It is not intended to provide professional advice.  We are not investment advisors. Accordingly, we suggest that you seek the advice of qualified investment advisors appropriate to each investment being considered. By using this blog site, you understand that there is no CPA/client relationship between you and Hyde & Company CPAs, P.C. or its employees.  The blog and website, including all contents posted by the author(s), should not be used as a substitute for competent counsel from a qualified advisor in your state.  Hyde & Company CPAs, P.C. posts are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes.  Tax rules are frequently changed, added, amended, and/or left to expire – always check with your CPA or accountant regarding the most current tax rules and how they apply to your specific tax issue