From the monthly archives:

February 2011

As a small business owner, if you aren’t concerned about a tax audit, you should be.  An IRS audit can be a troubling experience  even if you’re completely prepared.  Make no mistake, your IRS auditor won’t be especially charming. Due largely to a humongous budget deficit, the government is trying to close a $300 billion gap […]

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Quickbooks is increasingly seeing web interfaces for Blackberry and iPhone.  The Intuit iPhone version has a very slick user-interface and allows easy, at-a-glance access to all of your financial information, entered into Quickbooks Online. Source: CNET At first blush, Intuit’s new app provides a simplistic view of things. Features included are looking at who owes you, […]

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Do you make a phone call to your bank to find out what your checking account balance is?  Get on the right foot in your QuickBooks to make for increased accuracy from your  first QuickBooks bank reconciliation onward. When you create a new QuickBooks data file, there are two ways of establishing the opening balance […]

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Keri Salls posted to her blog about cool research project published by Saras Sarasvathy, a Professor at the University of Virginia, captures distinctions between entrepreneurs & corporate executives in how they think. Source: Catalyst House Blog In her article in the new issue of  Inc Magazine, Leigh Buchanan says, “Saras Sarasvathy concluded that master entrepreneurs rely […]

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April 15th. That’s SO last year! That’s the date we all have in our heads when it comes to taxes. This year’s tax deadline is April 18. Depending on your situation, there are many more dates of interest, so let’s take a look at how our friends at the IRS have their 2011 calendar marked: […]

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As a small business owner you have more far important things to do than to keep your own books. We can work with your CPA, CFO or other administrative personal to take care of your books for you, so you can get back to the job of running your business and generating profits! Each month […]

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Business owners across the land gave a sigh of relief as an unpopular portion of the Healthcare Reform Act was repealed by the Senate two weeks ago.   Or was it? In a bi-partisan 81-17 vote, the so called 1099 requirement would have mandated that all businesses issue 1099’s to anyone, incorporated or otherwise, with […]

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Here’s a scenario for you: You’re the sole owner of a corporation and have no employees. Every once in a while you find yourself a bit short, so you let the company pay for some of your personal expenses, such as dry cleaning, spa treatments and house cleaning services. You’re not depriving a business partner […]

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A few hot QuickBooks tips from Gene Marks at The Marks Group is always welcomed by our Quick-Books ProAdvisor team. Tracking Referrals A client asked if there was an easy way to track referrals in QuickBooks and then pull a report which provides the referral source.

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