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Posts Tagged ‘Best Accounting Firm’

Know The IRS’s “Dirty Dozen” Tax Scams

Every year the IRS releases its “Dirty Dozen” list of the year’s most prevalent tax scams. They include ploys to steal personal information, talk people out of money, or engage in questionable tax activity. Here are some of the top scams: Phishing. Fake emails or websites claiming to represent the IRS, for the purpose of…

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Staying Organized At tax Time

Organizing your tax records not only makes filing your tax return easier, it also helps you find the financial documents you need throughout the year. Whether you’ve already filed your tax return or are about to, here are some tips to get organized. Go with the flow (of your tax return) Try organizing your records…

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What’s Your Personal Net Worth?

Personal Net Worth

Net worth is a familiar term, but you may not calculate or watch it in the same way you track your income. Yet personal net worth is a valuable measurement tool for overseeing your financial success. In a nutshell, net worth is total assets less total liabilities, such as debts. Here’s an example. Say your…

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Tax News – 2016 Tax Changes to Note

2016 Tax Changes

2016 tax changes you need to know about: Effective beginning with 2016 taxable years, the de minimis tangible property safe harbor has increased to $2,500 per invoice or item. The change affects regulations issued in 2013 that clarified when your business could expense tangible real and personal business property. Previously, the de minimis safe harbor…

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Advantages and Disadvantages to Making an S Corporation Election

Considering an S Corporation Election?

Are you deciding whether to make your business an S corporation for 2016? Here are tax considerations to review before the March 15 due date of the election. When you make an S corporation election, you’re opting to have your business’s income or loss “passed through” to you and other shareholders. That means you’ll report the income or loss…

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What You Should Know About the QBO Mobile App

QuickBooks Online

The QBO mobile app lacks some features found in the browser-based version, but it provides mobile access to tools you may want on the road. First, it’s free (except for your mobile data plan costs). Second, it’s good. And the QBO mobile app offers more functionality than you might expect. Available for iOS and Android smartphones and…

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Are You Aware Of Your Healthcare Reporting Requirements?

Healthcare Reporting Requirements

If you’re an applicable large employer, there may be healthcare reporting requirements that will impact your business. You may be required to file a new tax form this month. Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is required for each full-time employee. The form discloses information on the group health insurance coverage you provide.…

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An Introduction to the QuickBooks Online Customer Page

QuickBooks Online

Your customers are the heartbeat of your business. QuickBooks Online helps you keep them happy. Do you remember how you used to keep track of information about your customers before you started using a computer for your accounting? A file folder containing paper transaction forms and other communications? A card in your Rolodex? A list…

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