Tips & Tricks

QuickBooks Portable File – Restoring Company Letters

December 13, 2018

Last time, we covered how to create and send a portable file in QuickBooks Desktop; and how to restore it when called upon. We also discussed what is brought in, and what is not, when a portable file is restored. Though addressing the restoration of items not brought in is initially daunting, knowing where things are located mitigates this. We will cover restoring each, on a blog by blog basis – starting with company letters in QuickBooks Desktop.

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heres what you need to know about tax changes for businesses and individuals

Do You Need to Use QuickBooks’ Tools to track fixed assets ?

December 6, 2018

Chris Low

Tips & Tricks

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 into your inventory. You run payrolls and submit their related taxes and other payments.

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The 2019 tax season is quickly approaching and with it an increase in identity theft and W-2 scams. Small business identity theft is big business for identity thieves. Just like individuals, businesses may have their identities stolen, and their sensitive information used to open credit card accounts or used to file fraudulent tax returns for bogus refunds.

5 Ways to Accelerate QuickBooks Payments

December 6, 2018

Chris Low

Tips & Tricks

If you asked five small business owners to name the top three roadblocks they face in their quest for ongoing profitability, it’s likely that all five would point to slow payments.

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All income is taxable unless the law specifically excludes it, but as you might have guessed, there's more to it than that. With that in mind, let's take a closer look at taxable vs. nontaxable income.

Year End – Depreciation and Retirement Planning for 2018

December 6, 2018

Chris Low

Tips & Tricks

Transition Rule for Rehabilitation Tax Credit

The Rehabilitation Tax Credit offers an incentive for owners to renovate and restore old or historic buildings. Tax reform legislation passed in December 2017 changed when the credit is claimed and provides a transition rule, which is summarized below:

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ADP helps clear up HR Myths and Misconception in today's technology tuesday.

Year End Tax Strategies and Considerations for 2018

December 5, 2018

Chris Low

Free Resources, Tips & Tricks

Recapping Business Tax Provisions for 2018, here’s what business owners need to know about tax changes for 2018:

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QBAR Cheat Sheet – An Introduction to QuickBooks Advanced Reporting

November 26, 2018

Chris Low

Free Resources, Tips & Tricks

As you’ve used the reports built into QuickBooks, or even potentially created some of your own using the Custom Transaction Detail or Summary reports, you may sometimes have found that the data you’d like to display in your report is unavailable, or available only in a format less helpful to...

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today's technology tuesday features qvinci reporting software, which integrates with QuickBooks Desktop

QuickBooks Portable File: How to Create and Restore, and Why

November 20, 2018

Chris Low

Tips & Tricks

If you’re a long-time user of QuickBooks Desktop, you were likely reminded to back up your company file – either through the logoff process, or encounters with QuickBooks Support. There’s a chance your company has used the same file over a sustained period; we’ll say a year or two. With that, your file would be considerably sizable. Granted, there are multiple storage solutions to archive your backup files – flash drives are popular for their price to storage ratio. What if you’re in a situation where that isn’t a possibility? Enter the QuickBooks portable company file.

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Tax Savings Frequently Asked Questions | OUT OF THE BOX TECHNOLOGY

October 19, 2018

Chris Low

Tips & Tricks

This Financial Guide answers frequently asked questions surrounding tax saving ventures; and provides tax saving strategies for deferring income, and maximizing deductions; it also includes some strategies for specific categories of individuals, such as those with high income and those who are self-employed.

Before getting into the specifics, however, we would like to stress the importance of proper documentation.

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Here's a list of the kinds of tax records and receipts to keep that relate to your current year income and deductions: Income (wages, interest/dividends, etc.) Exemptions (cost of support) Medical expenses Taxes Interest Charitable contributions Child care Business expenses Professional and union dues Uniforms and job supplies Education, if it is deductible for income taxes Automobile, if you use your automobile for deductible activities, such as business or charity Travel, if you travel for business and are able to deduct the costs on your tax return

Tax Records: Frequently Asked Questions | OUT OF THE BOX TECHNOLOGY

October 11, 2018

Chris Low

Tips & Tricks

What pieces of paper do I need to keep in order to do my taxes? Keep detailed records of your income, expenses, and other information you report on your tax return. A good set of records can help you save money when you do your taxes and will be your trusty ally in case you are audited.

There are several types of records that you should keep. Most experts believe it’s wise to keep most types of records for at least seven years, and some you should keep indefinitely.

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Handling Fraud with QuickBooks Desktop | Cyber Security

October 9, 2018

Chris Low

Tips & Tricks

Whether your accounting tasks are done on a single PC or you have multiple users working on different screens, it’s critical you make use of all that QuickBooks offers in terms of internal controls to tighten data security.

QuickBooks Desktop has progressively responded to evolving threats. It has been working on compatibility with multiple Antivirus solutions. It also has included Multi-Factor Authentication as a means of validating users, in accessing certain aspects of QuickBooks Desktop. To learn more about using MFA, review our article on account security. Less often discussed, though, is the existing reports and tools already in QuickBooks Desktop.

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QuickBooks Portable File – Restoring Company Letters

Do You Need to Use QuickBooks’ Tools to track fixed assets ?

5 Ways to Accelerate QuickBooks Payments

Year End – Depreciation and Retirement Planning for 2018

Transition Rule for Rehabilitation Tax Credit

Year End Tax Strategies and Considerations for 2018

QBAR Cheat Sheet – An Introduction to QuickBooks Advanced Reporting

QuickBooks Portable File: How to Create and Restore, and Why

Tax Savings Frequently Asked Questions | OUT OF THE BOX TECHNOLOGY

Tax Records: Frequently Asked Questions | OUT OF THE BOX TECHNOLOGY

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Tips & Tricks

Transition Rule for Rehabilitation Tax Credit

Still Have Questions? We’re Here to Help.

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