Out Of The Box Technology has been attending the International Franchise Association’s Annual Convention for over a decade now. We are thrilled to be a part of the action again this February. We will be on the exhibition floor to network with attendees, building relationships in between sessions, serving as round table facilitators and even hosting an awesome party!
A few months ago, accelerating the reception of customer payments in QuickBooks was discussed. You saw five ways you can do this. Here, you will get a deeper look into one of the five ways: assessment of a finance charge; its time and place; and the reasoning behind it.
The estimated tax penalty can be waived for you, if your 2018 federal income tax withholding and estimated tax payments fall short of your total tax liability for the year; however, there is a catch: its is only waived, if you paid at least 85 percent of total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two.
Typically, you must pay 90 percent to avoid a penalty.The waiver computation will be reflected in a revised Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, and instructions.
Many people use IRAs, SEP Plans, SIMPLE IRA plans, and employee-sponsored retirement savings plans such as the 401(k) to save money for their retirement years, but what if you need to tap that money before age 59 1/2?
Providing tax benefits to investors who invest eligible capital into distressed communities throughout the U.S. and its possessions, Qualified Opportunity Zones (QOZs) were created under the Tax Cuts and Jobs Act of 2017 to spur economic development and job creation. If you’re considering investing in a QOZ, read on to learn the facts you need to know about this tax incentive.
Most people file a tax return because they have to, but even if you don’t, there are times when you should. You could be eligible for a tax refund, and not know it. The six tax tips below should help you determine whether you’re one of them.
1 – Make sure they are certified by Intuit. They should have an Intuit Certified ProAdvisor logo displayed somewhere on their website, blog, business card or email signature. You can also ask what year or versions they are certified in to see if it’s what you’re using.
Complete the form above to view the webinar on-demand. We are thrilled to welcome back TSheets for another demonstration of their product. Named one of Intuit's Top Ten Best New Apps in 2017 and later aquired by Intuit, TSheets is a solution you don't want to miss out on. Come hear...
Is Using the Same QuickBooks Data File for Long Time Causing My Performance Issues?
There’s more than one approach to how long you use the same QuickBooks company file. You can create a new file each fiscal year, or whenever you upgrade QuickBooks Desktop. Other users prefer using the same file as long as possible. Which approach works best depends on your preferences, and the way your business uses QuickBooks. While entering a lower volume of transactions into QuickBooks helps you use the same file longer, there are possible situations where you need a new QuickBooks data file.
Complete the form above to view the webinar on-demand. Come hear from the Recur360 team as we go through what is new in the product this quarter. We will also demo some main features and functions. ...
January 28, 2019, marked the start of this year’s tax filing season, and it’s the first time taxpayers will be filing under the new tax reform laws, most of which became effective in 2018. Complicating matters is a newly revised Form 1040, U.S. Individual Income Tax Return, as well as the partial shutdown of the federal government. With more than 150 million individual tax returns expected to be filed for the 2018 tax year, here’s what individual taxpayers can expect:
The complexity of the tax code generates a lot of folklore and misinformation that could lead to costly mistakes such as penalties for failing to file on time or, on the flip side, not taking advantage of deductions you are legally entitled to take and giving the IRS more money than you need to. With this in mind, let’s take a look at seven common small business tax myths.
We welcome the tax pros at Avalara who will recap 2018, perhaps the most important year this century for sales tax – all wrapped up in a 60-minute info-packed presentation. We’ll take a look at best practices in sales tax compliance. We’ll outline the risks and problem areas that even...
From our friends at Avalara: The New York State Department of Taxation and Finance announced that due to the South Dakota v. Wayfair Supreme Court ruling last year, an existing provision in New York Sales Tax Law defining a sales tax vendor became immediately effective. Any business within this definition making taxable sales into the state is required to be registered as a New York State vendor and to collect & remit sales tax. This can impact your clients and they should know.
These days, some of us find ourselves updating multiple calendars. There’s the Outlook calendar or other web-based solution for scheduling and task management. Or, maybe a smartphone app to track a “to-do” on the road with a paper calendar as backup. But where do you keep track of your everyday financial tasks? Including these in your scheduling calendars and/or task lists will make for very crowded screens, not to mention how inconvenient it can be to keep switching between applications. Consider adding one more tracking tool: the QuickBooks Calendar.