QuickBooks provides dozens of customizable report templates. You know when you need some of them, but which are musts? You send invoices because you sold products and/or services. Purchase orders go out when you’re running low on inventory, and there are always bills to pay, it seems
Read more →If you do business outside of your office walls, you need remote access to QuickBooks Online. You can have it. One of QuickBooks Online’s most compelling benefits is its portability. While its desktop counterparts remain chained to your desktop PC or notebook (with limited remote capabilities), many
Read more →The majority of tax laws apply regardless of age, but some are different if you’re 65 or older. By the time you turn 65, you’ve probably already started enjoying some benefits reserved for senior citizens. Restaurants, exclusive living communities, entertainment venues – many businesses start offering discounts
Read more →As consumers in the digital age we have repeatedly had our confidence in the security of our identity and financial information tested. First it was the dramatic increase in identity theft at the IRS. Then the major data breach at companies like Target, Neiman Marcus, Yahoo and
Read more →In recent Internal Revenue Service Notice 2014-21, virtual currencies like Bitcoin have been classified as property. The IRS is aware of the growing popularity of this medium of exchange and that it is not considered legal tender by any government. The IRS notice hopes to clarify how
Read more →Managing your company’s fixed assets is a complicated process, one that will require some extra assistance. Much of the work you do in QuickBooks is short-term. You send an invoice and it gets paid. Your purchase order is fulfilled, and the products move into your inventory. You
Read more →As April is tax month, included here is a short quiz to see how well you know your taxes. Since everyone tends to think they have it worse than their neighbors, this year’s quiz revolves around state imposed taxes. Enjoy! Can you name the seven states that
Read more →Not sure you’ll be prepared to file and pay your total taxes due by April 15? Here’s what you need to know about filing an extension. Sometimes, things beyond your control keep you from making that April 15 income tax filing deadline – family emergencies, too much
Read more →The smartest business decisions result from customizing and creating frequent reports in QuickBooks Online. Day after day, you build your company file in QuickBooks Online. You create invoices and purchase orders. Record payments and complete contact and item records. Process payroll and submit payroll taxes. Receive inventory
Read more →Now that the federal Unified Estate and Gift Tax has a level of certainty in it, here are the updated figures for 2014. Maximum Estate and Gift Tax rate 40% Inflation adjusted estate exclusion: $5.34 million Annual Gift Giving Exclusion: $14,000 ($28,000 per couple) Observations: Portability of
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