Compiled annually by the IRS, the “Dirty Dozen” is a list of common scams taxpayers may encounter. While many of these scams peak during the tax filing season, they may be encountered at any time during the year. Here is this year’s list:
Course Objective
This 2-day introductory level seminar introduces the essential functions of QuickBooks Desktop to business owners and managers. Designed to cover the most common day-to-day tasks encountered in small business, attendees will be up and running with the software in no time. Participants are encouraged to bring questions and examples from work. 15 CPE credits can be earned for complete attendance to this seminar.
If you live or work abroad, outside the United States, you generally must file and pay your tax in the same way as people living in the U.S; this includes people with dual citizenship.
If you want a version of QuickBooks for service professionals, it shouldn’t be difficult to obtain one because QuickBooks Pro, QuickBooks Premier, QuickBooks Accountant Edition, and QuickBooks Enterprise (all subscription levels) include this feature. Start your digging and delve into the why, the how and the when of QuickBooks Job Costing.
Some taxpayers may be required to pay an Additional Medicare Tax if their income exceeds certain limits. Here are some things that you should know about this tax
A recent teleconference with Avalara reminded attendees the Sales Tax world is still an elusive target, since the Wayfair Inc. Supreme Court Decision. As businesses try to keep up with its effects, more states are enacting new legislation coinciding with new allowances to collect sales tax from sellers who conduct business in their state – without a physical presence therein. As of this writing, there is a host of states still deliberating over enacting specific legislation affecting marketplaces.
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.
[vc_row][vc_column][vc_column_text]Is it time to give your business a brand refresh? Out Of The Box Technology's creative team can boost your marketing and advertising with a new website, logo design, or digital animations. Your brand quality determines how people perceive your company. Senior graphic and web designer, Jonathan Beres, will walk...
For those who may be an employee in Washington state or an employer who has employees based in Washington state, but haven’t been getting updates on the Paid Family and Medical Leave Benefits: we just got an update from the Washington State Employment Security Department. Glance further below, for a fairly comprehensive update of what’s happening so far.
Sometimes numbers can be just too overwhelming for a business owner. How much money is in the bank? How much money do we owe? How many inventory items do we have? How many need to be shipped? The good news is there’s a way to gain control by understanding reporting...
Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable
Coupled with legitimate reasons for doing so, getting an extension to file your taxes is relatively easy; however, there are points to consider regarding the process. Here’s what you need to know about filing an extension, if you happen to need more time to file your taxes.
Tax credits are harder to come by with the passage of new tax reform laws bringing new eligibility requirements. Especially with how quickly these came about, it’s understandably overwhelming for individual taxpayers; and more likely overwhelming for business owners, like yourself. Read further to see how you can take advantage of health care related tax credits.
Another successful IFA Convention is on the books. Our team had a fantastic time in Las Vegas catching up with old friends, seeing clients, and making new connections with franchisors. We truly appreciate the relationships we have made over the years as members of IFA and are looking forward to...
Complete the form above to watch the webinar on-demand. The Small Business Administration says more than half a million businesses close each year – that’s 57 business closures every hour, around the clock. 65% of businesses blame financial mismanagement for failure. What’s more, companies can be profitable and yet be unable...