3 Ways to Receive Payments in QuickBooks Online

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 Recording customer payments is one of your more pleasant accounting tasks. Depending on the situation, you can choose from multiple ways to do this using QuickBooks Online.   If you made New Year’s resolutions this last January, you’ve…
Paycheck Protection Program and Health Care Enhancement Act: What’s In It?

Paycheck Protection Program and Health Care Enhancement Act: What’s In It?

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PPP & The CARES Act Following the passage of the $2.2 trillion CARES Act stimulus package at the end of March, one of the most talked about provisions was the Paycheck Protection Program (PPP). The CARES Act had earmarked $349 billion…
Businesses Score Big Tax Benefits with the CARES Act

Businesses Score Big Tax Benefits with the CARES Act

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As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, Congress restored the ability of businesses that suffer a loss to carry those losses back and recover taxes paid…
Tax Credit Pays for Keeping Employees on Payroll

Tax Credit Pays for Keeping Employees on Payroll

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To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to all qualifying employers regardless of size, including tax-exempt organizations. To…
Employer’s Pension Startup Credit Substantially Increased

Employer’s Pension Startup Credit Substantially Increased

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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…

December 2019 Individual Due Dates

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Don't forget these important December due dates for individual and business filings, reporting, payments, and more. December 2019 Individual Due Dates December 2 - Time for Year-End Tax Planning December is the month to take final…

The Checklist Every Small Business Owner Needs for New Hires

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Growing your business to the point that you need to start hiring employees is exciting. It’s also rife with administrative burdens that you don’t want to be unprepared for. When taking on a new hire, you need more than 1) the assurance…

Is It Time for a Payroll Tax Checkup?

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Was your 2018 federal tax refund less than normal, or – worse yet – did you actually owe tax despite usually getting a refund? If so, this was primarily due to the last-minute passage of the Tax Cuts and Jobs Act at the end of 2017. Because…

How Business Owners Should Conceptualize Their Financial Results

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  Entrepreneurs don't necessarily need to be numbers people in order to succeed: You need drive, passion, the ability and will to follow things through, and the hustler's spirit that enables you to constantly try that new thing or relentlessly…
August 2019 Individual Due Dates

August 2019 Individual Due Dates

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August 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 12. Your employer is required…