What do you do when an application you are using stops meeting your growing needs in a specific area? You can: a.) find a workaround, b.) switch to different software, or, c.) resign yourself to living without that feature. Fortunately, QuickBooks offers a fourth option: d.) find an integrated add-on...
Welcome to part two of our post on custom reports training. If you haven’t read part one first, I’d recommend checking it out for an overview or refresher on the screens we’ll be going over in this post.
Under tax reform, taxpayers who itemize should be aware that deductions they may have previously counted on to reduce their taxable income have disappeared in 2018.
Recur360 was built for QuickBooks Desktop to replace the existing Memorized Transactions, lack of Automatic ACH/eCheck functionality as well as manual Batch Emailing of invoices. For QuickBooks Desktop and QuickBooks Online, Recur360 allows you to choose the credit card processor of your choice while still posting all Invoices and Received...
If you’ve used QuickBooks for a while already, you may have found yourself customizing some of the built-in reports.
Supreme Court rules that South Dakota can tax sales by out-of-state sellers. For many Oregonians, ‘Sales Tax’ is a dirty word that they’ve had the good fortune to be able to avoid. Small businesses, both local and out of state, factor this exception when they are looking at their projected revenue or viability and, for some, the survivability of their business. However, many may not be aware of the storm clouds that erupted outside the borders of our state; or, the rude awakening many small and personal businesses are in for in this new tomorrow of Sales Tax Nexus.
Traditionally speaking, Sales Tax Law has not caught up to the rapid change and development of ecommerce, or businesses whose main bread and butter is made off delivering orders out of state. Previously, states did not possess a clear-cut outline of how to make these revenue streams taxable. Instead, they relied on physical presence laws which determined taxability based on a business’ physical location to help define the tax status of sales.
As you can imagine for businesses that process their orders online, it becomes very hard to fit them into that definition. Without a clear-cut obligation, as far as taxability is concerned, many businesses – including those in Oregon – have enjoyed the benefit of online sales and the loose definition of their taxability.
In response, multiple states – South Dakota being the furthest along – launched suits against several companies, including Wayfair, Inc, Overstock.com, Inc, and Newegg, Inc to force a revision of these laws. On June 21st, an eventual decision was reached by the Supreme Court, ruling in favor of South Dakota and those states. It repealed the precedent of physical presence laws and gave states the authority to charge Sales Tax on sellers, even if they are out of state.
It goes without saying, this is an especially monumental decision for Oregon-based retailers and online distributors who have – until that moment – been free of the demands of Sales Tax. South Dakota and several other states have passed, or are moving to pass, new definitions of Sales Tax Nexus. South Dakota, specifically, no longer requires a physical presence. Instead, it’s functioning off either Gross Revenue exceeding $100,000; or 200 separate transactions to purchasers located in South Dakota.
This new paradigm doesn’t just mean that there will be a greater expense on sales. Small business owners will need to find methods of tracking their sales in greater detail. If you happen to be one of those business owners affected by this, or will be affected, you’ll likely need the assistance of software to help track liability, since it’s not only state tax – but city and local taxes also, which can be a quagmire just for one state. Luckily at ebs, we have the resources and experience to help you navigate your business through these changing waters; and assist you with getting ahead of the changes this ruling will require of your business.
Don’t waste valuable time and resources on something that doesn’t make your business more profitable – especially when you can easily automate sales and use tax calculation and compliance within your existing QuickBooks, or eCommerce system. No more manually entering data or uploading rate tables and tax information! AvaTax works in the cloud, giving you a hands-free and worry-free way to manage compliance. No other sales tax automation software comes close to providing the superior features and peace of mind of AvaTax.
Questions? Call 503-885-0776 to learn more about sales tax and sales tax automation!
Sometimes, you find that your business needs to keep track of more information about items, customers, vendors, or employees than QuickBooks has available fields for. Not everyone needs the same information, so it makes sense to be able to track what’s important to you. For situations like this, there’s a solution in the form of custom fields. These are fields that you can add to several of your lists, specifying what they’re for, and what type of data they can hold. You can even choose whether they’ll be required when creating a list element or a transaction.
Every opportunity you have to interact with your customers and vendors is critical. How you present yourself reveals a lot about you. Are you efficient and friendly over the phone, in person, or in email? Do you handle order and payment issues quickly and carefully?
LOCATE is the premier cloud-based inventory management solution designed to take your mid-sized business to new heights. Join Jake Schiffelbein, LOCATE's Implementation Specialist, as he gives a program overview and then dives into some of the features that really set LOCATE apart. He will discuss and demo some customer favorites,...
[gallery columns="1" link="file" size="medium" ids="147,145,146,144,143,142,141,140,139,138,137,136,135"]...
Although most wages are subject to SUTA tax, certain wages may be exempt. In New York, for example, wages paid to babysitters under 18 years of age, church employees, and certain family members are exempt from SUTA tax. Therefore, it’s essential to check with your state unemployment agency to determine...
Complete the form above to receive a link to watch this Technology Tuesday presentation on-demand. Join us as we take a look at how Field Service Management can impact your business. Who is it right for? What exactly is FSM? What are the benefits for your organization? Plus, meet Out Of...
We all have passwords, many many passwords. And we all have forgotten one from time to time. Or needed another new, secure, unique password. With so many passwords, keeping them organized can get tricky and that is where LastPass comes in! Come see how this password organization tool has helped...
SEO doesn't have to be hard. Search engine optimization can help your business shoot to the top of Google's results. You can get results by making some simple changes to your website. Is your website up to date with the most recent best practices? There are essentially two things you want...
Interested in watching this webinar? Fill out the form to the right and get instant access to this video!...