Does your business have clients whose work sometimes requires multiple steps drawn out over weeks or months, like remodeling projects or court cases? If so, and you're not using QuickBooks' Jobs features, you're missing out on the opportunity to track and evaluate the financial impact of these complex tasks. You can, of course, just send an invoice out to these customers. But … [Read more...] about Job-Tracking Adds Precision to Your QuickBooks Company
Small Business
June 2012 Business Due Date Reminders
June 15 - Employer’s Monthly Deposit Due If you are an employer and the monthly deposit rules apply, June 15 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for May 2012. This is also the due date for the non-payroll withholding deposit for May 2012 if the monthly deposit rule applies. June 15 - Corporations Deposit the … [Read more...] about June 2012 Business Due Date Reminders
IRS Liberalizes Position on Local Lodging
In the past, a business deduction was allowed only for lodging when a taxpayer traveled away from his or her “tax home.” A taxpayer’s tax home is generally the location (such as city or metropolitan area) of a taxpayer’s main place of business (not necessarily the place where he/she lives). This has long created problems for individuals attending conferences and training … [Read more...] about IRS Liberalizes Position on Local Lodging
May 2012 Business Due Date Reminders
May 10 - Social Security, Medicare and Withheld Income Tax File Form 941 for the first quarter of 2012. This due date applies only if you deposited the tax for the quarter in full and on time. May 15 - Employer’s Monthly Deposit Due If you are an employer and the monthly deposit rules apply, May 15 is the due date for you to make your deposit of Social Security, Medicare and … [Read more...] about May 2012 Business Due Date Reminders
Cutting Expenses Key To Profitability, But How? Some Tips
It may seem like a no-brainer – cut expenses to make more money – but many small changes can result in significant savings. It looks like the economy may finally be looking up. Still, this is no time to loosen the purse strings in terms of your business expenses. Rather, why not re-double your efforts to cut costs and boost your profitability? Excessive expenses cause debt, … [Read more...] about Cutting Expenses Key To Profitability, But How? Some Tips