QuickBooks is ready to use when you install it. But you can change its settings to make it work the way your company needs it to. There are some features that all small businesses need in their accounting software. Everyone needs a Chart of Accounts and a good set of report templates. There must be tools to bill customers and to document income and expenses. Some companies … [Read more...] about Make Your Preferences Known in QuickBooks
Small Business
Customize QuickBooks’ Reports, Make Better Business Decisions
QuickBooks simplifies and speeds up your daily accounting work, but you’re missing out on valuable insight if you don’t tailor your report data. Do you remember why you started using QuickBooks? You may have simply wanted to produce sales forms and record payments electronically. Gradually, you expanded your use of the software, perhaps paying and tracking bills through it and … [Read more...] about Customize QuickBooks’ Reports, Make Better Business Decisions
Tax Tips for the Well-Traveled Businessperson
Article Highlights: Acceptable Records Meals Spouse Expenses Food and lodging expenses are generally deductible when away from home for business purposes. This may be particularly beneficial for self-employed individuals who travel extensively. Like everything involving taxes, there are rules to follow. The IRS requires that lodging expenses (and other expenses of $75 or … [Read more...] about Tax Tips for the Well-Traveled Businessperson
Misclassifying Workers Can Be Costly!
Article Highlights: Independent Contractor Cost Savings Penalties For Misclassification Primary Determining Factors Additional Determining Factors Requesting the IRS to Make the Determination Most business owners and executives tend to be financially conservative and preserve the cash of the business. This conservative approach frequently carries over to hiring … [Read more...] about Misclassifying Workers Can Be Costly!
September 2014 Business Due Dates
September 15 - Corporations File a 2013 calendar year income tax return (Form 1120 or 1120-A) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension. September 15- S Corporations File a 2013 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you requested an … [Read more...] about September 2014 Business Due Dates