QuickBooks Expert, Author at

Did you know that QuickBooks comes with an Undeposited Funds account? This is where the money from your invoice payments and sales receipts is recorded. Find out more here.

By QuickBooks Expert|2022-08-18T08:44:04-04:00February 3rd, 2020|Uncategorized|

Where do the payments you receive in QuickBooks go? The software provides tools for managing deposits. Recording payments, whether they come in to comply with an invoice you sent or are issued as sales receipts, is one of the more satisfying tasks you do in QuickBooks. The sales cycle is almost complete, and you’re about [...]

Comments Off

DO YOU KNOW YOUR TAX BRACKET?

By QuickBooks Expert|2022-08-18T08:44:04-04:00January 27th, 2020|Accounting and Auditing, Business, Estate planning, Taxation|

Although the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates through 2025, there’s no guarantee you’ll receive a refund or lower tax bill. Some taxpayers have actually seen their taxes go up because of reductions or eliminations of certain tax breaks. For this reason, it’s important to know your bracket. Some single [...]

Comments Off

EVERY BUSINESS OWNER NEEDS AN EXIT STRATEGY

By QuickBooks Expert|2022-08-18T08:44:05-04:00January 20th, 2020|Accounting and Auditing, Business, Taxation|

As a business owner, you have to keep your eye on your company’s income and expenses and applicable tax breaks. But you also must look out for your own financial future. And that includes creating an exit strategy. BUY-SELL AGREEMENT When a business has more than one owner, a buy-sell agreement can be a powerful [...]

Comments Off

WHAT TO DO ABOUT FRAUDULENT CREDIT OR DEBIT CARD CHARGES

By QuickBooks Expert|2022-08-18T08:44:06-04:00January 13th, 2020|Accounting and Auditing, Business, Uncategorized|

It’s an awful feeling to learn that someone has used your credit or debit card to make fraudulent charges. Whether you’re liable typically depends on the type of card, whether you still possess the card and when you alert the issuer. CREDIT CARDS If your card is lost or stolen and you report it to [...]

Comments Off

DETERMINING AN EMPLOYEE’S “HOME” FOR REIMBURSEMENT PURPOSES

By QuickBooks Expert|2022-08-18T08:44:06-04:00January 6th, 2020|Accounting and Auditing, Business, Uncategorized|

Despite the prevalence of Web-based meetings, many of today’s businesses still have plenty of employees who travel. IF you still have sales staff or other workers out on the road, and you’re reimbursing them on a tax-free basis for their travel expenses, it’s important for you as the employer to stay up to date on [...]

Comments Off

TAX CALENDAR

By QuickBooks Expert|2022-08-18T08:44:07-04:00December 30th, 2019|Accounting and Auditing, Business, Taxation, Uncategorized|

January 15 Individual taxpayers’ final 2019 estimated tax payment is due. January 31 File 2019 Forms W-2 (“Wage and Tax Statement”) with the Social Security Administration and provide copies to your employees. File 2019 Forms 1099-MISC (“Miscellaneous Income”) reporting nonemployee compensation payments with the IRS and provide copies to recipients.Most employers must file Form [...]

Comments Off

About QuickBooks Expert

Did you know that QuickBooks comes with an Undeposited Funds account? This is where the money from your invoice payments and sales receipts is recorded. Find out more here.

DO YOU KNOW YOUR TAX BRACKET?

EVERY BUSINESS OWNER NEEDS AN EXIT STRATEGY

WHAT TO DO ABOUT FRAUDULENT CREDIT OR DEBIT CARD CHARGES

DETERMINING AN EMPLOYEE’S “HOME” FOR REIMBURSEMENT PURPOSES

TAX CALENDAR