- Payroll Taxes
- Corporate Officers
- Employees of a Corporation
- Reasonable Salaries
- Flow-Through Deductions
- Wage Limitations
If you dread every minute of the time you spend on accounting, you should know how QuickBooks Online can change your outlook.
How long would it take you to determine:
If you’re using QuickBooks Online, you can get answers to all those questions—and more—in the time it takes you to sign on to the website.
That’s not an exaggeration. The first thing QuickBooks Online displays is what’s called its Dashboard. This is the site’s home page, which contains an array of charts and account balances that provide a quick overview of your finances. Click on an element here—say, a checking account balance—and you’ll be able to drill down and see the details behind it (in this case, an online account register). Click on the Expense graph, and a transaction report opens.
Original Article by Catherine Morehouse
With tax filing season out of the way, paying off those tax bills that weren’t paid by April 18th is the next major concern for people. While there are a few options for payment agreements if you can’t afford to write a check for the full amount immediately, there’s also the option of paying your tax bill with a credit card. It can be less confusing than navigating IRS payment plans, and if your credit card has a nice rewards program, then it’s something to think about.
Depending on how much you owe in taxes and what terms your credit card offers, it may or may not be worth putting your tax bill on your credit card. Here are some of the pros and cons of using a credit card to pay your taxes and why you would or wouldn’t want to pursue this option. Read more
Unclaimed property refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for a period of one year or longer (depending upon state law). Common forms of unclaimed property include savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler’s checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds, life insurance policies, annuities, certificates of deposit, customer overpayments, utility security deposits, mineral royalty payments, contents of safe deposit boxes, and even IRA or other types of retirement accounts. Read more
Article by Anna Bahney | Found on CNN
Want to find some real savings in your budget? Cutting out lattes and avocado toast probably isn’t the way to go.
Housing, transportation and food: that’s what Americans spend almost 70% of their money on, according to the Bureau of Labor Statistics.
Sure, you can always cut back on extras, but it’s the biggest expenses where we bake a lot of fluff into our budget and call it “essential spending.” Take big swings at these big categories, financial experts say, and you’ll shake lose big chunks of money. Read more
Article by Katherine Vasel | Found on CNN
The teen years may be the first time kids start to earn their own money. And establishing good habits now can pay dividends well into their future.
Plus, teaching kids to be smart about money will have benefits for parents too.
“Clients that have been more transparent with their kids tend to have children that are smarter with money,’ said Bill Van Sant, a certified financial planner and senior vice president at Univest Wealth Management. “Parents that may not be as transparent tend to have children that stay in the house a little longer.” Read more
Article by Anna Johansson | Found on NBC
The American dream is usually characterized as working hard from the bottom up, making a good salary, buying a house and having time to create and enjoy your family life. But the vision doesn’t always come together so neatly; despite strong buyer demand, the inventory of affordable, available starter homes is relatively low, and to secure a mortgage, you need a strong credit score — something that not all Americans have or understand. Read more