Accounting firm gives tax advice for free as April 15 deadline looms

PRESS RELEASE

Jan. 28, 2004                                                                         
                    CONTACT: Michelle Phipps-Evans
                    Editorial Consultant
                    Invisible Colours LLC
                    (O)202-328-3931 (C)202-607-8771
                    invisiblecolours@yahoo.com

           
     As the April 15 Tax Deadline Looms,
Accounting Firm Gives Tax Advice for Free

Ferdinand And Associates launches newsletter

     BROOKLYN, NY—While many tax accountants are scrambling before April 15 to figure out their clients' new tax payments because of the Bush Administration's tax cuts, Ferdinand And Associates LLC has launched a newsletter to help its clients understand the laws and take away some of the fuzziness. The 12-year-old Brooklyn, NY-based company launched January 2004, "The Financial Chronicle," which will be published quarterly and given away for free.

     "This newsletter will continue to reach out to our clients, provide the type of information that will assist them with their business and personal finance," said Stephanie Ferdinand, founder and president of Ferdinand And Associates and a graduate of Pace University. "We know the tax process can be confusing, especially considering that every time the public gets familiar with a new set of tax laws, there seems to be a whole set of laws enacted."

     That is why the premier issue of "The Financial Chronicle," tackled the recent tax cuts by the Bush Administration. The Job and Growth Tax Relief Reconciliation Act of 2003, which was passed into law in May, affect the child tax credit. The first story on the four-page newsletter examines when the tax payer is entitled to this credit, eligibility requirements, the earned income credit and the new tie-breaking rules.

     Although many economists and policymakers have questioned the size of the tax cuts considering war costs and projected deficits, many taxpayers are more concerned with how the cuts benefit their day-to-day lives, said Ferdinand, an enrolled agent licensed to practice before the IRS, and a former flight operations coordinator with the US Army. And this is the audience that "The Financial Chronicle" addresses. The articles are easy to read, appreciate and understand. Other articles making the premier issue include the advantages and disadvantages of forming a limited liability company (LLC) and choosing the right lease for your company. The newsletter has even provided some humor to lighten the reading.

     Besides providing accounting and tax advice to personal clients, Ferdinand And Associates provides tax preparation, bookkeeping, payroll services and financial advice to small-business clients. The company also provides information and assistance to start-up businesses and business formation. It serves over 60 business clients and 800 personal tax clients in the New York-New Jersey-Connecticut area, as well as around the country.

    Taxpayers interested in a free copy of "The Financial Chronicle," call 718-638-9350 or visit their web site at www.ferdinand.com.


                        



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