From the category archives:
California Small Business Tax planning is a process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions so that taxes are eliminated or considerably reduced. Many Orange County and San Diego small business owners ignore tax planning, and don’t even think about their taxes […]
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It’s almost Halloween? Time flies between Halloween and New Years Day….. before long, it’ll be time to file your taxes again. There are things you should start doing RIGHT NOW in order to avoid stress at tax time, according to accomplished CPA and QuickBooks teacher Rebecca Tervo: From Rebecca Tervo’s blog – Have a plan […]
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“For decades the IRS has played a game of find-the-freelancer at businesses where independent contractors remain on the payroll for months or even years. Companies, especially small ones, increasingly rely on such workers because they offer greater flexibility—and because they’re cheaper. Employers can save as much as 30% on wages by avoiding payroll taxes, unemployment […]
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Bookkeeping for your small business is an important, often overlooked, piece to your business success. Sooner or later small business owners realize that they need to get better financial controls in their business and they set out to look for services that can improve their business finances. Source: Justin Earl – Small business owners can […]
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Are you a budding entrepreneur? Patrick Driessen asks the tough questions that will help you decide whether you have what it takes to succeed. (Editor’s note: Patrick Driessen is the CEO of Seed Accelerator, an Asian-Pacific technology startup & business accelerator.) From Venture Beat – Having started, run and lead various companies since I was 15 […]
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Last week Intuit released the Intuit 2020 Report, (PDF), which provides a vision of the world in 2020, identifying the key demographic, social, economic, and technology shifts shaping the next decade. The report, authored by Emergent Research in partnership with Intuit, delves into the trends that are going to change the way small businesses, and […]
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We recently read an intriguing article in the Practice Development News – a survey-based article provided a valuable examination about why small businesses are increasingly accessing their QuickBooks and other business applications via a cloud-hosted solution rather than hosting it in-house. There are dozens of good reasons for moving your accounting and bookkeeping applications, like […]
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What can you do if you do have an Accounts Receivable balance on your Cash Basis Balance Sheet? First, modify the following report, to help you locate the transactions making up this balance: From Laura Madeira’s QuickBooks 2010 Solutions Guide – • Select Reports, Company & Financial • Select Balance Sheet Standard • Click the […]
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To add more stress for small-business owners, a new report from Syracuse University’s Transactional Records Access Clearinghouse (TRAC) highlights a troubling trend: In the last five years, the number of hours the IRS spends auditing small businesses (with assets under $10 million) has increased by 30 percent. In the same time period, the time the […]
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You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Good record-keeping will help you remember the various transactions you made during the year, which in turn may make filing your return less, well, taxing. Records help you document the deductions you’ve claimed on your return. […]
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According to seoSemantic a blog is a platform managed by individuals for personal or official interests. The word ‘blog’ has been extracted from ‘WEBLOG’ meaning website-log. Blogs have revolutionized the information available on the internet. Millions of individuals access blogs to keep abreast with the daily updates. Blogs are generally published by people who aspire […]
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“There’s no place like home,” sighed Dorothy in The Wizard of Oz. Home is an ideal, a place of respite, love, and warmth (don’t forget food!) . . . and with those qualities, what better incubator for creative ideas and prosperous thinking? Let’s not forget the practical side, too, of working from a “rent-free” office […]
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Consistently applied procedures are the key to recording customer pre-payments (sometimes called customer retainers or customer deposits). We present two methods – 1. Receive Payment Method – Customer pre-payments can be recorded simply through the receive payment feature or by creating an invoice depending on the specific requirements of the business. The most efficient way […]
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From time to time databases in general – and QuickBooks data files specifically – can become corrupted. Reasons for database corruption vary, but can include power surges, spikes, and outages. Oftentimes QuickBooks data files display tell-tale signs of data file corruption; examples include an out-of-balance trial balance; accounts receivable detail or accounts payable detail […]
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The online image or “reputation” of a business is increasingly influenced by real customers via online reviews and ratings. This transition from promoting your own business to having others promote for you can generate a positive online reputation for your business if you manage it correctly. Today, potential customers will often make their final purchase […]
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Outsourcing expert and blogger, Bill Gerber wrote in his blog last week that — “Although some businesses are hesitant to use an outsourced accounting department, the business model is growing in popularity. As business owners see the many advantages of the arrangement, their reluctance fades. Outsourced accounting departments are on their way to becoming the […]
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Source: Ruth Perryman | FinanceToolbox Question: Non-profit wants to run 3 levels of membership, plus microloans and fund accounting – Can this all be done with QuickBooks? One of my concerns is also having an easy way of tracking & invoicing renewals of memberships spread across the twelve months. I might use memorized transaction […]
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Mike at gadgetsteria.com writes – Have you been sitting at your desk staring at Outlook and wondering why you couldn’t view other types of information about your contacts? I’m not talking about the simple information you can find by opening up the address book. I’m talking about integration with outside sources. Sources such as social […]
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Catalyst QuickBooks
