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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.
Obvious reasons to undergo a data migration or data conversion include change in costs for your accounting software; adopting new software solutions due to business expansion; trimming the size of historic financial data; to clean up issues with data integrity; and so on. Part of the concern is retention of historic company data – if deemed necessary to do so.
Complete the fields above to watch this webinar on-demand. OurEventApp is a multi-conference app and event registration system for annual conference and event planning services. It's completely customizable so you can import your brand, features and needs. OurEventApp includes a built-in registration system so users will be able to visit the app,...
Sometimes you’ll find that your balance in QuickBooks does not match your bank statement after a monthly reconciliation (you are doing your reconciliations monthly, right?) and that you need to undo your previous reconciliation to get to the bottom of things. Prior to undoing a reconcile, we recommend a backup AND printing out your previous reconciliation reports, just in case you need them for historical data. To print these reports, we want to open Banking>Reconcile>locate discrepancies>previous reports. We suggest printing out the detailed and the summary, as you might need both.
The Intuit QuickBooks Solution Provider (QSP) program includes only the top business professionals, qualified in meeting their customers’ diverse needs. The program tiers providers into Member, Advanced, Strategic, Executive, and Elite levels – with Elite being the highest tier. Membership evaluation is based on capability requirements, along with achieving product and service goals.
You don’t need to be a car repair shop or an HVAC technician to present prospects and customers with estimates. In fact, there may be many times when an unexpected estimate–or bid, or proposal–will land you a job you didn’t necessarily expect.
There are plenty of QuickBooks apps to choose from to provide automation to the many tasks done manually in QuickBooks Desktop or QuickBooks Online. The depth of QuickBooks app integration can inevitably overwhelm - while you look for QuickBooks add ons & extensions to fill specific gaps encountered in recording...
We are excited to unveil several new features that will give you a finer degree of control of your cash flow.
Complete the fields above to watch this webinar on-demand. From accounting and bookkeeping, to year-end adjustments and zip files, and everything in between, Out Of The Box Technology is here for you when you need us the most. Our team of consultants are passionate about helping you succeed. We've developed products...
Here’s the final installment in this portable file blog series for QuickBooks Desktop. We account for the TLG File, or Transaction Log File used in QuickBooks and for your company file.