Welcome back to our “Making the Switch from QuickBooks to Xero” series. In this post, we’ll talk about what Step 2. In case you missed it, click on Step 1 to start from the beginning. So now that you’ve cleaned up your lists, now it’s time to look at a few financial reports and make …
QuickBooks giving you a headache? Or maybe you’d rather listen to nails on a chalkboard rather than do your accounting. Either way, switching to Xero Accounting will set you on your journey to an easy, and even enjoyable way to get your accounting done. Even if you are paying an accountant to do this for …
Health Care Reform is here! We’ve invited a special guest to discuss what to expect. The rest of this post is written by John Heaton of JMH Insurance Solutions. This is a MUST read for any small business, especially if you are in California! It is finally here. We are three weeks into open enrollment. …
So you’ve heard the buzz about the “Cloud”, and maybe even about how you should do it. But now you’re wondering why you should do it! If you’ve looked at our website, you know that we’re fans of computing in the Cloud. So we’d like to give you the top 10 reasons why we think …
Today, I received a news alert from the IRS. I thought I would share as it’s chalked full of useful information. Here are some tips from the IRS on tax recordkeeping. • You should keep copies of your filed tax returns as part of your tax records. They can help you prepare future tax returns. You’ll …
Recently I was talking with a small business owner and when I mentioned tax and accounting in the same sentence, they rolled their eyes and the stereo-type that previous accountants have setup for me set in! So I decided to be candid and ask why the long face? They gave many reasons, but the overall …
Cloud Accounting Spotlight: Working with Your Accountant in the Cloud Read More »
Although the 2012 tax season is officially over, tax scams unfortunately are not, which is why the IRS issues an annual “Dirty Dozen” list that includes common tax scams affecting taxpayers. Taxpayers should be aware of these tax scams so they can protect themselves against claims that sound too good to be true, and because …
Don’t Be Fooled: The Dirty Dozen Tax Scams for 2013 Read More »
If you have income that is not subject to withholding you may need to pay estimated taxes to the IRS during the year. Whether you need to pay estimated taxes is dependent upon your financial circumstances, what you do for a living (if you’re self-employed for example), and the types of income you receive. Here …
April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. If, for whatever reason, you missed the deadline you may be assessed penalties for both failing to file a tax return and for failing to pay taxes they owe by the deadline. Here …
Eight Facts on Late Filing and Late Payment Penalties Read More »
Part of the reason for QuickBooks’ success is its exceptional flexibility. By allowing users to turn features and preferences on and off, the same software can be used by a wide variety of business types and sizes. In some cases, the default settings that QuickBooks supplies will work fine for your company. This is not …