Data entry and modifications in QuickBooks can be tedious. Beginning with QuickBooks 2010 Pro Edition and above, that job got a lot easier.
Renting Your Home
Is the housing market affecting your decision to move? Many have delayed moving in the hopes that the housing market will recover. Unfortunately, some have the need to move and are saddled with a home that they cannot sell. One way people have found to weather the situation is to rent out their home until the market improves.
Payroll Taxes – A Hot IRS Initiative
Because the IRS believes it can collect a lot of taxes, it is going to select 500 nonprofit organizations for payroll audits in each of the next three years (as well as a high number of for-profit companies).
Job-Tracking Adds Precision To Your QuickBooks Company
Does your business have clients whose work sometimes requires multiple steps drawn out over weeks or months, like remodeling projects or court cases?
NC Sales and Use Tax Rate Decreasing
The North Carolina general sales and use tax rate is scheduled to decrease from 5.75% to 4.75% on July 1, 2011. As a result, 82 counties in North Carolina will have a combined state and county tax rate of 6.75% with 17 other counties taxing at 7%.
2010 Form 990: Calm After The Storm
We are now approaching the third year of the redesigned form 990 with its 14 new lettered schedules.
Are Your QuickBooks Company Files Tamper-Proof?
Every month, we provide information on how to better use QuickBooks. By implementing the best methods for managing your accounting data, you can actually improve your financial bottom line.
June 30 Deadline for Foreign Bank Account Reporting
You may need to fill out Treasury Department Form 90-22.1 (PDF) every year if you own, or have an interest in, any foreign bank accounts or other types of financial accounts based outside the United States. This report is separate from your income tax return, although the two reports can be interrelated.
Nonprofit Organizations: Are You Prepared For The Unknown?
There could be a fine line between being a “rich” organization; having several months of operating reserves…
Latest Information On Health Care Benefits Reporting
Originally, with the passage of the new health care law, beginning in 2011, employers were to report health care benefits for employees. This amount would be reported on each employee’s form W-2, but it would not affect an employee’s individual taxable income.