Articles related to the IRS, income and payroll tax collection, etc.
And now, three more IMPORTANT techniques to use in dealing with collections and slow-pay customers. Today we'll talk about setting the right tempo, retainers, and being Mr. Nice Guy. In the final blog in this series we’ll discuss how to be “no more Mr. Nice Guy” when it's time to go legal. Then a word [...]
Invoice Collections: The Squeaky Wheel Gets the Oil For most small businesses, cash is oxygen. That’s why late-paying clients can be a time-consuming and frustrating challenge. It not only ties up money you needed to pay your own vendors and expand but getting clients to pay-up can become stressful and cause real dilemmas (should I [...]
QuickBooks Online Advanced is here! At least in limited release. This is a new offering for Intuit clients who need more extensive support beyond regular QBO offerings. QuickBooks Online Advanced offers to increase productivity for subscribers. Like many new product launches, cloud-based QB Online Advanced is being released to a limited group, and then will [...]
Sales taxes are a pain for most businesses. Business owners must act as the unpaid agents of the government in deciding what and who gets taxed, collecting the tolls, and remitting to one of many state governments, while hoping that all is correct to avoid penalties and intrusive audits. I won’t tell you that [...]
Applies to QB Desktop, QuickBooks Enterprise and QuickBooks Online What is the “Undeposited Funds Account” in QB, and why use the "Banking > Make Deposits" option? (In QBO, “+” sign > Other column > Bank Deposit). These two features often work together and in certain situations can make your trail of accounting entries clearer, more [...]
There is lots of confusion among small businesses about how to handle accounting for entertainment, meals at the office, business promotions and expenses for meals while traveling. And there should be given that all of this is explained by the IRS in no less than 50 pages of instruction covering multitudes of possibilities in IRS [...]
There are literally dozens of programs and apps out there to track time, and get the information into your favorite accounting programs in increasingly streamlined ways. Here is some info on my experience as an accounting supervisor, managing many contractors, employees, clients and jobs: TSheets and Me I have been using TSheets for almost a [...]
The April tax-filing deadlines are well behind us now, but the IRS is warning that tax scammers are not on summer vacation.
QBO is changing. Our favorite cloud-based product has some exciting layout and navigation changes, aimed at increasing the speed and accuracy of accounting work from regular QBO users to Certified Advanced ProAdvisors alike. A summary of what we will be seeing is below. This will be rolled out over the next few weeks. If you [...]
It's still only January but time to get going on 1099's! There are some important changes for QB users in filing 2016 IRS Form 1099's including due dates and QB options. Intuit 1099 e-file service The Intuit 1099 e-file service may be the best choice to get it done fast and effectively - except for [...]