Once you’ve entered them, the hard part’s over. Also, why you should use QuickBooks’ Bill Tracker Last month, we talked about how helpful it is to record and pay bills in QuickBooks. Using the software’s tools will ensure that you always have a record of bills and their payments. We also went over the steps [...]
7 Best Practices for QuickBooks Here are seven ways you can make the most of your QuickBooks experience and improve your productivity and accuracy. Every profession has its own set of best practices. These are simply guidelines for how employees should be doing their jobs and what steps management should take to ensure the best [...]
As the year draws to a close, it is important to assess your financial situation and consider strategies to optimize your tax position for the upcoming tax season. This year-end tax planning guide serves to help you make informed decisions that can positively impact your tax liability. Year-End Tax Planning Steps: Individual Planning: Take a [...]
10 Tips for Better Budgeting… …and how QuickBooks can improve your chances of budget success Budgets are hard to maintain through the best of times let alone the last three years. First there was COVID. Then supply chain issues. Then a disastrous rise in inflation. If you’ve been trying to stick to a budget through [...]
Donating cash and property to your favorite charity is beneficial to the charity, but also to you in the form of a tax deduction. However, to be deductible your donation must meet certain IRS criteria. First, the charity you’re donating to must be a qualified charitable organization, with tax-exempt status. A tool on the IRS [...]
Is your business having trouble collection payments from clients or vendors? Years after the onset of the pandemic, some operations continue to feel the impact on business activity. It may be small solace, but at least you might be able to salvage a bad debt deduction on your tax return. Caution: This tax treatment isn’t [...]