August 10 - Social Security, Medicare and Withheld Income Tax File Form 941 for the second quarter of 2012. This due date applies only if you deposited the tax for the quarter in full and on time. August 15 - Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the tax for payments in July. August 15 - Non-Payroll Withholding If … [Read more...] about August 2012 Business Due Dates
Small Business
QuickBooks Can Do Much More Than You Think
No, you'll never max out all of its features, but here are some tips on tools that extend QuickBooks' usefulness – and save you time. Zero In On Key Report Figures You've undoubtedly created reports that were so lengthy that you got tired of scrolling up and down to find totals for each individual section. QuickBooks lets you collapse and expand reports to see primary … [Read more...] about QuickBooks Can Do Much More Than You Think
July 2012 Business Due Date Reminders
July 1 - Self-Employed Individuals with Pension Plans If you have a pension or profit-sharing plan, you may need to file a Form 5500 or 5500-EZ for calendar year 2011. Even though the forms do not need to be filed until July 31, you should contact this office now to see if you have a filing requirement, and if you do, allow time to prepare the return. July 16 - Non-Payroll … [Read more...] about July 2012 Business Due Date Reminders
QuickBooks Reports Help You Maintain Balanced Inventory Levels
Running out of products too frequently? Having to sell cheap because inventory is overloaded? Use QuickBooks' reports. It seems so simple in theory. Don't overstock goods because you'll tie up too much money and perhaps need a clearance sale to get rid of the excess. On the other hand, don't let yourself run out of anything and lose orders. In practice – especially if you … [Read more...] about QuickBooks Reports Help You Maintain Balanced Inventory Levels
Small Business Expenses 101
For small business owners, tax breaks often come in the form of tax deductions – which can offer a nice little instant cash savings – if you know how to navigate tax law and claim the deductions you deserve (not what you believe you are entitled to). Large tax deductions are a notorious red flag for the IRS, with home-based businesses, in particular, facing an increase in tax … [Read more...] about Small Business Expenses 101