DO YOU NEED TO ADJUST YOU FEDERAL INCOME TAX WITHHOLDING AMOUNT? With over half the year already gone, now is a good time to check to see if you are on track to have about the right amount of federal income tax withheld from your paychecks for 2014. The problem with not having the correct [...]
MID-YEAR TAX PLANNING IDEAS Tax planning is a year-round process, so now is a good time to think about the following- Are you considering making a cash gift to a relative? If so, consider making the gift in conjunction with the overall revamping of your stocks and mutual funds held in taxable brokerage accounts to [...]
Do You Need to Use QuickBooks' Fixed Asset Tools? The Basics 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 [...]
EXPENSES QUALIFYING FOR THE CHILD CARE CREDIT Working parents can find summer child care solutions challenging. However, a nonrefundable credit is available if the qualifying child care expense is incurred so that you (and your spouse, if married) can work. The maximum credit is 20%-35% (depending on your adjusted gross income) of the lesser of [...]
COLLEGE FINANCIAL AID BASICS After your children have submitted their financial aid applications and started receiving award letters from various colleges, it may be difficult to interpret and compare their offers. The following information should be helpful in this regard. College financial aid is usually characterized as either self-help aid or gift aid. It is [...]
Spring-Clean Your QuickBooks Company File There are a lot of clues that indicate trouble with your QuickBooks company file. Is it time for a check-up and tune-up? After this ridiculously long winter, you’ll probably hear few complaints about things like puddles in the street, summer heat and spring cleaning. Most people are eager to throw [...]