Figure 1: You can see this screen no matter where you and your smartphone are they recently upgraded Android version is pictured here). Using QuickBooks Mobile, you’ll improve business relations, put out fires before they start and unchain yourself from your office computer. There are only a few reasons
Read more →Thu 3 Deposit payroll tax for payments on Dec 26-28 if the semiweekly deposit rule applies. Fri 4 Deposit payroll tax for payments on Dec 29 – Jan 1 if the semiweekly deposit rule applies. Wed 9 Deposit payroll tax for payments on Jan 2-4 if the
Read more →Know your new take-home pay When you receive your initial paycheck for 2013 you had better take a close look to see what the payroll department has done with your pay. If you do not, you may be in for a big tax bite at the end
Read more →For business with fiscal years that coincide with the calendar year, the slate of revenues and expenses will be wiped clean on New Year’s Day. Starting with a clean slate gives us a chance to reflect on our 2012 results before we enter 2013 and experience the
Read more →Sometimes big IRS related terms can mean BIG trouble If you have problems gettin to sleep at night and you turn to the IRS tax code for help, you might find some vocabulary that is very foreign to words you use every date. One of the more
Read more →How to ensure your business is not deemed a hobby. You’ve loved dogs all your life so you decide to breed them and start a dog training business. Is this a business in the eyes of the IRS or a hobby? Knowing what the IRS is looking
Read more →IR-2012-102, Dec. 19, 2012 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind some key tax provisions that have taken effect in recent years, especially those affecting donations of clothing and household items and monetary donations. Rules for Clothing and Household Items To
Read more →The IRS recently announced mileage rates to be used for travel in 2013. The Business, Medical, and Moving mileage rates increase one cent versus 2012. Unfortunately, the rate to be used for Charitable travel is unchanged because updates in this area require Congressional action. Remember to create
Read more →When you think of an accountant’s duties, you might think about traditional tasks, such as tax preparation, bookkeeping, and financial statement preparation. Here are five additional tasks that accountants can help with that you might not think of. 1. Evaluating Current Accounting Employees How can you know
Read more →What to do about your need for documentation Year-end is a good time to ensure you have proper documentation to substantiate your tax deductions. This is important as many banks start deleting online documentation that is over one year old. Background Two things have happened over the
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