As the end of the year rolls around, if you have not already done so, now is the time to plan for contributions into your retirement accounts in 2016. Retirement Contribution Limits Retirement Program 2015 2014 Change Age 50 or over catch up IRA: Traditional $5,500 $5,500
Read more →As the end of the year approaches, there is still time to make moves to manage your tax liability. Here are some ideas to consider before the glitter ball drops in Times Square. Maximize your retirement plan contributions. This includes IRAs and 401(k) plans at work. Given
Read more →During its annual review of the tax filing season, the Treasury Inspector General for Tax Administration (TIGTA) discovered the IRS was incorrectly denying educator expense deductions for some taxpayers. The deduction In 2014, qualified educators could reduce their income by up to $250 for classroom related expenses.
Read more →You’ve done your retirement homework. Your assets are reviewed, you have planned your financial needs, and your retirement tax plan is in place. Are you ready to enjoy retirement? Probably, but not without a plan to address what happens to many after they retire; boredom. Here are
Read more →While official numbers for 2016 are not yet released by the Internal Revenue Service (IRS), many figures are formulas set within the Internal Revenue Code (IRC) or are based on the Consumer Price Index (CPI) published by the Department of Labor. Using the release of recent CPI
Read more →Like QuickBooks Online but miss some of the desktop version’s features? You can have both now. QuickBooks Online has grown tremendously since its introduction more than a decade ago. It’s not quite as mature as the top-of-the-line desktop versions, but it’s not far behind anymore.
Read more →Preparing Xero to process your payroll requires time and attention to detail. Employees mean success. The fact that you’ve been able to hire a staff at your small business indicates that your products and/or services are in demand, and you can’t handle all of the necessary
Read more →Oops! Did you determine that you made an error on an income tax return that you already filed? It’s not unusual. That’s why the IRS has a special form that will fix it. Maybe a 1099 that you had forgotten about came in after you’d filed
Read more →If you sell services to your customers, you’ll need to understand how to use QuickBooks’ time-tracking features. Small businesses that sell products have to do a constant balancing act. Keep too much inventory on hand, and you’re sitting on potential profits. If you don’t order enough
Read more →Want an easy, free way to make your business look more professional and polished? Customize your forms. QuickBooks has the tools. You probably don’t get as many paper forms in the U.S. Mail as you used to. But when you do, do you draw conclusions about
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