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
Read more →Here are 6 ideas that most people can use While 2012 winds down, there is still time to reduce your tax burden. Here are six ideas that can save money for most of us. Pre-tax Savings. Take advantage of opportunities to set aside income on a pre-tax
Read more →Wednesday, Dec. 5 – Federal payroll tax deposit due for payments made on Nov. 28-30 if subject to the semiweekly deposit rule. Friday, Dec. 7 – Federal payroll tax deposit due for payments made on Dec. 1-4 if subject to the semiweekly deposit rule Monday, Dec. 10
Read more →We hope you’ll be ringing out a successful financial year at month’s end. In any case, here’s what you should know about preparing for 2013. End of the year. QuickBooks has been hard at work for the past 11+ months, recording and tracking and storing all of
Read more →Hate navigating through menus or searching for a feature on your home screen? You can save time by customizing your toolbar to include your most frequently used QuickBooks features. To get 1-click access to your favorites, right-click on the toolbar and select ‘Customize Icon Bar’. In the
Read more →Create item records in QuickBooks carefully, and QuickBooks will return the favor by running useful, accurate reports. Figure 1: Clearly-defined items result in precise reports. Obviously, you’re using QuickBooks because you buy and/or sell products and/or services. You want to know at least weekly — if not
Read more →The IRS has made the following announcement in regard to reflief for victims of Hurricane Sandy: ” IR-2012-82, Oct. 31, 2012 WASHINGTON — The Internal Revenue Service today announced it is granting taxpayers and tax preparers affected by Hurricane Sandy until Nov. 7 to file returns and accompanying payments
Read more →Fri, Nov. 2 – Deposit payroll tax for payments made on Oct 27-30 if the semiweekly deposit rule applies. Wed, Nov. 7 – Deposit payroll tax for payments made on Oct 31 – Nov 2 if the semiweekly deposit rule applies. Fri, Nov. 9 – Deposit payroll
Read more →In an October 16, 2012 press release, the Social Security Administration (SSA) announced and increase in monthly Social Security and Supplemental Security (SSI) benefits. The 1.7 increase represents a cost-of-living adjustment (COLA) that will begin for Social Security beneficiaries in January 2013 and for SSI beneficiaries on
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