A Quickbooks On-Line Simple Start subscription retails for $15 a month.  This subscription includes automatic data back up and bank-level security and encryption.  One company user will have full access to the subscription and 2 accountant users can be added for no additional cost. If you charge customers sales tax, Simple Start will add sales tax to purchases and keep up with the accounting for your sales tax payable.  Simple Start will allow you to send customers invoices and estimates and print checks from your computer.  Bank and credit card transactions can be downloaded and accepted into your books. If
More

Quickbooks 2017 Desktop has several new features that will improve efficiency and reporting.  Some of these features are: Scheduled reports can be automatically emailed to those who need to receive them. The company file name will display on deposit summaries. Smart Search and In-Between Search improve search functionality with drop down boxes and range searching. A “Record Deposits” icon will show when there is an undeposited funds account balance. A new “features tour” is available to learn about these and other features. If you use QB payroll, copy and paste functionality has been added to individual lines on time sheets.
More

Form 990 for non-profit organizations with a December 31 year end are due May 15.  An extension can be filed to give the non-profit more time to file.  Generally, Form 990’s are due 5 months and 15 days after a non-profit organization’s year end.  A complete list of non-profit year ends and due dates can be found here.  If you aren’t sure which 990 your organization needs to file, a list and information for all Form 990s can be found here.
More

  Don’t ignore the letter.  Most IRS Letters are simply asking for information.  The letter will deal with a specific issue and will give you specific instructions.  Responding to the letter with the information required should resolve your issue. If the letter indicates a changed or corrected tax return, review the information and compare it with your original return. If you disagree with the information in the letter, mail a letter to the IRS and explain why you disagree.  The address to mail the letter is on the contact stub at the bottom of the notice. Be sure to include
More

If you pay for work-related expenses, you may be able to deduct them. Generally, employee business expenses are deductible if they are more than two percent of adjusted gross income. In most cases, they go on IRS Schedule A, Itemized Deductions. Employee business expenses must be ordinary and necessary to your work in order to be deductible. An ordinary expense is one that is common and accepted in your industry. A necessary expense is appropriate and helpful to your business. Some examples of deductible employee business expenses are: Required work clothes or uniforms not appropriate for everyday use. Supplies and
More

 Amended tax returns must be paper filed using Form 1040X Tax returns must be amended within 3 years of their original filing. If you are amending more than one year, you should file separate Form 1040x forms for each year. Tax returns should be amended to correct errors such as a change in filing status or to correct income, deductions, or credits. Tax returns shouldn’t be amended for math errors or missing forms.  The IRS will automatically correct math errors.  The IRS will mail a request for information if needed. If you are due an additional refund, you should wait to
More

April 18, 2017 is the 1st Quarter Estimated Tax Due Date.  Estimated Tax Payment Vouchers can be found here. April 18, 2017 is the deadline to file or extend your 2016 income taxes.  If you are running out of time, you can file or extend your taxes here. Pricing is as follows: 1040 EZ–FREE 1040A–$19.95 1040–$39.95 Extensions–$9.99 (If taxes are owed for 2016, they are due on April 18, 2017 even if an extension is filed.)
More

April 18, 2017 is the 1st Quarter Estimated Tax Due Date.  Estimated Tax Payment Vouchers can be found here. April 18, 2017 is the deadline to file or extend your 2016 income taxes.  If you are running out of time, you can file or extend your taxes here. Pricing is as follows: 1040 EZ–FREE 1040A–$19.95 1040–$39.95 Extensions–$9.99 (If taxes are owed for 2016, they are due on April 18, 2017 even if an extension is filed.)
More

April 18, 2017 is the deadline to file or extend your 2016 income taxes.  If you are running out of time, you can file or extend your taxes here. Pricing is as follows: 1040 EZ–FREE 1040A–$19.95 1040–$39.95 Extensions–$9.99 (If taxes are owed for 2016, they are due on April 18, 2017 even if an extension is filed.)
More

Here are nine common errors to avoid when preparing a tax return: 1. Missing or Inaccurate Social Security Numbers. Be sure to enter each SSN on a tax return exactly as printed on the Social Security card. 2. Misspelled Names. Spell all names listed on a tax return exactly as listed on that individual’s Social Security card. 3. Filing Status Errors.  Some people claim the wrong filing status, such as Head of Household instead of Single. The Interactive Tax Assistant on IRS.gov can help taxpayers choose the correct status. E-file software also helps prevent mistakes. 4. Math Mistakes.  Math errors are common. They range
More