How Do You Pay Bills in QuickBooks?

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

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IS DISABILITY INCOME TAXABLE?

Many Americans receive disability income.  If you’re one of them or know someone who is, you may wonder whether it’s taxable.  As is often the case with tax questions, the answer is “it depends.”   KEY FACTOR The key factor is who paid it.  If the income is paid directly

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TAX CALENDAR

  October 10 Employees must report September tip income of $20 or more to employers (Form 4070).   October 16 Individual whose personal federal income tax returns for 2022 receive an automatic extension must file them no later than today and pay any tax, interest and penalties due.  In addition:

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DON’T GET CARRIED AWAY BY A WINDFALL

Receiving a sudden and sizable influx of cash may seem like a dream come true.  It can be, but many people get carried away by a windfall and end up in worse financial shape.  If you’re hit with a financial windfall, here are some points you should know.   RISKY

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THE DEDUCTIBILITY OF MEDICAL EXPENSES

Individual taxpayers may be able to claim medical expense deductions on their tax returns.  However, the rules can be challenging, and it can be difficult to qualify.  Here are five points to keep in mind: You must itemize to claim the deduction and have quite a few expenses. The medical

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WHICH BUSINESS WEBSITE COSTS ARE DEDUCTIBLE?

Nearly every business needs a website, but it’s not always easy to determine which costs of running one are deductible.  Fortunately, established rules that generally apply to the deductibility of more long-standing business costs provide business owners with a basic idea of how to anticipate and handle the tax impact

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WEIGHING THE PROS AND CONS OF LTC INSURANCE

The COVID-19 pandemic and its aftermath have significantly affected our lives in many ways that are still playing out. For example, the pandemic has served as a reminder of how difficult an unexpected medical crisis may be to manage financially.  It has also reinforced the importance of guarding against the

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