Now, more than ever, you need QuickBooks to track what needs to be done. COVID-19 has transformed the entire U.S. small business landscape in just a few short months. Companies are struggling to stay afloat. We all just want to get back to “normal,” but it’s unclear when that will happen. We’d like to help [...]
If you’re selling a business interest, real estate or other highly appreciated property, you could get hit with a substantial capital gains tax bill. One way to soften the blow – if you’re willing to tie up the funds long term – is to “roll over” the gain into a qualified opportunity fund (QOF). WHAT [...]
QuickBooks allows you to create multiple types of sales forms for different situations. Here’s a look at what they are and when to use them. When you buy something at a store, you want a piece of paper that shows what you purchased and what you paid. If you receive products or services before you [...]
If you help your kids understand money when they’re young, they’re more likely to develop sound financial habits when they’re adults. Of course, you’ll want to tailor the information to your child’s age. Here are some tips: Toddlerhood and preschool. Talk about how most people work to earn money to buy things like food and [...]
Let’s say you drive for a ride-sharing app, deliver groceries ordered online or perform freelance home repairs booked via a mobile device. If you do one of these jobs or myriad others, you’re a gig worker – part of a growing segment of the economy. In fact, a 2019 IRS report found that the share [...]
Most people have April 15 “tattooed on the brain” as the deadline for filing their federal income tax returns. What you may forget is that the gift tax return deadline is one the very same date. So, if you made large gifts to family members or heirs last year, it’s important to determine whether you’re [...]