Welcome to the website of Bill Farrell - CPA and QuickBooks professional advisor – we thank you for taking the time to visit us! We carefully created this website to do much more than simply be an introduction to our firm and an outline of our tax accounting services. Here at the office of Bill Farrell, CPA, we have a dedication and passion for our clients and visitors which is our motivation to offer each of you a website rich with the most relevant and helpful resources for your personal or business accounting and tax needs. The resources you will find on these pages will give you the guidance and answers you need at any given moment - making us a firm that is essentially by your side beyond the confines of office walls and hours.

Here is an overview of the information contained on our website. You will find it organized and easy to follow:
- Profile: gives an overview of our firm and highlights our expertise.
- Services: offers details for all of our services, including QuickBooks Training & Support, Business Consulting, Financial Planning, Tax Services, and Payroll Services.
- Info: interactive calendar with federal & state tax due dates, tax forms, IRS publications, and financial planning and business owner toolkits.
- Newsletter: informative articles regarding both personal and business tax & finances.
- Tools: your interactive financial center includes calculators for every situation or need, including tax, auto, mortgage, investment, insurance, savings, loan and business.
- Links: core list of governmental, financial and tax websites for personal and business needs.
- Contact: address, phone, fax and email allow you to choose the most convenient way for you to contact us with questions or comments.

As you peruse our website, please feel free to contact us with any questions or comments you may have. We would love to hear from you and pride ourselves on being proactive and responsive to our clients' inquiries and suggestions. We have only done our job at the firm of Bill Farrell, CPA if you, our client, have all the resources and support to give you peace of mind when making decisions for your personal or business accounting and tax needs.









July 30, 2010



Employers claim more than $2 billion in COBRA subsidy payroll tax credits...

IRS releases guidance for grandfathering of health insurance plans ...

IRS approves like-kind exchange of emission reduction credits...

IRS announces new whistleblower guidelines...

Taxpayers reminded of $250 tax-free ...

AL - FAQs addressing Gulf Coast oil spill posted...

AK - Municipalities authorized to exempt residential renewable energy systems...

AZ - Subtractions not applicable to certain uniformed service members...

AR - Applicability of tax to veterinarians discussed...

CA - Study finds single sales factor formula will create 144,000 jobs...

CO - Taxpayers must pay balance due on 2009 taxes...

CT - Tax credits modified, review of credits required...

DE - Estimated tax requirement on real estate sales by nonresidents enacted...

DC - Retroactive rebate provided to qualified leasing supermarket...

FL - Information regarding tax amnesty program released...

GA - Qualified research expenses credit may be carried forward...

HI - One-time tax credit established...

ID - Old ACH debit system is phased out...

IL - Amnesty measure goes to governor...

IN - Mortgage deduction requirements amended...

IA - Newsletter discusses pension/retirement income exclusion, electronic filing...

KS - Guidance provided on simplified electronic returns...

KY - Opinion issued on calculation of real property tax rates...

LA - Low-profit limited liability companies authorized...

ME - Guidance provided on 2010 electronic filing requirement for semiannual filers...

MD - State to participate in MeF1040 System in 2011...

MA - Conversion of a traditional IRA to a Roth IRA in 2010 explained...

MI - Film production expenditures credit discussed...

MN - Additional changes for 2010 tax year discussed...

MS - "Approved project" for historic property tax exemption discussed...

MO - Higher education savings and deposit changes enacted...

MT - Energy conservation credit rules adopted and amended...

NE - Low-income housing apartment complex valuations affirmed...

NV - Board procedures established for equalization of valuations...

NH - Penalty for failure to file annual inventory of taxable property amended...

NJ - Governor signs budget; calls for special session to address property tax cap...

NM - Web page license sold to independent sales agents taxable...

NY - Legislative agreement on revenue plan announced...

NC - Federal court lacked jurisdiction over state tax assessments...

ND - Notices regarding Military Spouses Residency Relief Act issued...

OH - Delivery charges were taxable for part of audit period...

OK - Tax holiday scheduled for August...

OR - Film production development contributions credit amended...

PA - Charitable organization rebuttable presumption amount issued...

RI - Political organization tax enacted...

SC - Tax holiday dates released...

SD - Tax breaks for specified paraplegic individuals available...

TN - Refund offset provisions enacted...

TX - Children's camps, tax holiday, summer items, 911 fee discussed...

UT - Aircraft maintenance exemption enacted...

VT - Nexus presumption bill dead...

VA - Fabrication labor charges not subject to tax...

WA - Computer data center exemption explained...

WV - Participation in treasury offset program authorized...

WI - Permanent rules adopted on apportionment and nexus...

WY - Exemption provided for community development organization...