Business Archives - Page 23 of 37 -

Did you know sales taxes are considered Items in QuickBooks? You can see your options and start creating them by going to Edit | Preferences | Sales Tax. Find out more here.

By QuickBooks Expert|2022-08-18T08:44:17-04:00October 1st, 2019|Accounting and Auditing, Business, QuickBooks Tips|

Setting Up Sales Taxes in QuickBooks, Part 1 If your business is required to collect and pay sales taxes, you can use QuickBooks’ tools to help you meet those obligations. Next to payroll, state sales taxes represent probably the most complex element of your accounting tasks. QuickBooks can help with the mechanics, but there’s a [...]

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TAX CALENDAR

By QuickBooks Expert|2022-08-18T08:44:17-04:00October 1st, 2019|Accounting and Auditing, Business, Taxation|

October 15 Personal federal income tax returns for 2018 that received an automatic six-month extension must be filed today and any tax, interest and penalties due must be paid. The Financial Crimes Enforcement Network (FinCEN) Report 114, “Report of Foreign Bank and Financial Accounts” (FBAR), must be filed by today, if not filed already, for [...]

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4 TYPES OF INFORMATION YOU NEED TO PREPARE FOR DISASTER

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

When you read the phrase “disaster prep,” you may envision bottled water and boarded-up windows. But information is also a critical asset to have the following a natural or manmade catastrophe. Here are four specific types of information you need: Personal identification records. These documents will enable you to prove the identity of your family [...]

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HOW BUSINESSES CAN ASSESS RISK OF WORKER MISCLASSIFICATION

By QuickBooks Expert|2022-08-18T08:44:18-04:00September 23rd, 2019|Accounting and Auditing, Business, Taxation|

Classifying a worker as an independent contractor frees a business from its portion of payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility for withholding income taxes and the worker’s share of payroll taxes. For these reasons, the federal government [...]

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TAX DOCUMENT RETENTION GUIDELINES FOR SMALL BUSINESSES

By QuickBooks Expert|2022-08-18T08:44:22-04:00August 19th, 2019|Accounting and Auditing, Business|

You may have breathed a sigh of relief after filing your 2018 income tax return (or requesting an extension). But is your office strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and other financial records? Or perhaps your computer desktop is filled with a multitude of digital tax-related [...]

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QuickBooks’ Bill Tracker gives you an instant overview of your active accounts payable transactions. Are you using this useful feature? We can show you how.

By QuickBooks Expert|2022-08-18T08:44:24-04:00August 5th, 2019|Business, QuickBooks Tips|

If your business pays a lot of bills, you need an efficient system for staying current with them. QuickBooks’ Bill Tracker provides that. Bill-paying may be your least favorite accounting activity. You definitely know how those checks and online payments affect your account balances, but it’s more than that. Staying up to date with your [...]

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