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Taxable Income vs Non-Taxable Income constantly takes on a dynamic shape. With a bevy of new legislation in the last few years, determining this is a little more difficult for taxpayers.

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 in QuickBooks, particularly Enhanced Custom…

Tax Extension is a regular occurrence for individual taxpayers, and businesses who are liable to pay business taxes – whether we look at sole proprietors, S Corporations, C Corporations, etc. There are often legitimate reasons to file a tax extension. Read further for the pros, cons, pointers, etc.

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 to pay their bills….

The workflow for assessing finance charges within QuickBooks Desktop

Tax Incentives, like the Qualified Opportunity Zone Tax Incentive, provide tax benefits to investors investing eligible capital into distressed communities throughout the United States; and its possessions.

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. Is 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, sign up, and…

Common Reasons for Reconciliation Discrepancies: Maintaining accurate financial records in QuickBooks is vital for effective financial management. However, users often encounter discrepancies during the reconciliation process due to several common factors. Understanding these reasons is essential for identifying and resolving discrepancies promptly, and ensuring the integrity of financial data. 1. Duplicate Transactions: Duplicate transactions are…

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

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 you. Perhaps, you’d also like…

Avalara presented a great Technology Tuesday on Sales Tax Compliance and the changes happening in recent months due to the Wayfair vs. South Dakota case. Below are some great resources related to this hot topic! Everything You Want to Know About Sales Tax Compliance – presented 10/30/2018 Wayfair vs. South Dakota Supreme Court Ruling –…

Lisa McCarthy explains the two accounting methods: cash basis and accrual basis.