Resolve to Do These 3 Things in QuickBooks Online This Month

Resolve to Do These 3 Things in QuickBooks Online This Month

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‘Tis the season for making resolutions and setting goals. Try exploring these three areas to dig deeper into QuickBooks Online. By now, many New Year’s resolutions have already been made – and broken. Though they’re usually created…
2019 Standard Mileage Rates Announced

2019 Standard Mileage Rates Announced

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The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the…

Making Two IRA Rollovers in One Year Can Be Costly

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Article Highlights:  One Rollover per Year Rule Exceptions Tax Consequences Disqualified Rollover Early Withdrawal Penalty Tax law permits you to take a distribution from your IRA account, and as long as you return the…

Reasonable Compensation and S Corporations

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Article Highlights: Payroll Taxes Corporate Officers Employees of a Corporation Reasonable Salaries Factors Flow-Through Deductions Wage Limitations Unlike a C corporation, which itself pays the tax on its taxable…
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5 QuickBooks Online Reports You Should Run Regularly

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5 QuickBooks Online Reports You Should Run Regularly  There are numerous QuickBooks Online reports that you should be consulting at regular intervals. But you need these five at least every week. QuickBooks Online’s Dashboard, the first…
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The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them

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Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business accounting mistakes can prove to be financially…
isler, business advisors, portland

Choosing Your Accounting Method Under New Tax Laws

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Businesses today must take a closer look at their accounting methods. Since the passage of new tax laws, with changes to thresholds for choosing accounting methods, all companies need to take an inward look at their current accounting methods…

Why It Might be Time for Your Small Business to Migrate to Cloud Accounting

Cloud accounting is a big idea that brings with it a lot of lofty implications, but if you had to distill all of that down to its bare essentials it would probably look at lot like this: Right now, if you want to manage the financial…
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Nexpanding: The Ever-Evolving Shape of Nexus Rules

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Article by Roger Russell | Found on Accounting Today Nexus — the minimum amount of contact between a taxpayer and a state that allows the state to tax the business on its activities — is under attack by the states as they seek to broaden…

New Tax Rules for 2017

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By Robert Trinz | Article Featured on AccountingToday The new year promises to be an challenging one for tax practitioners, as President-elect Trump and Congressional Republicans have promised to enact a significant tax reform package in…