Archive for September 2015
Introducing the New QuickBooks Online for PC App
Like QuickBooks Online but miss some of the desktop version’s features? You can have both now. QuickBooks Online has grown tremendously since its introduction more than a decade ago. It’s not quite as mature as the top-of-the-line desktop versions, but it’s not far behind anymore. No matter which version of QuickBooks you first used, there…Read More
Dana McGuffin CPA Wins Intuit Firm of the Future Award!
We are excited to announce that Dana McGuffin CPA has been named in the top 20 Accounting Firms in the US as a Firm of the Future by Intuit! As you know, we are SO different from many accounting firms in that we utilize cloud technologies, embrace a Results-Only Work Environment, engage with people using social platforms, and…Read More
Age Matters in Tax Law!
Many tax provisions are linked to age, so whenever there’s a birthday in the family, check for changes to take into account as you do your tax planning. Major age milestones include the following: Age What it means for your taxes Age 13 Beginning at this age, your child no longer qualifies for the child…Read More
Planning Your Estate to Reflect Your Intentions
If you own assets that you’d like to leave to a loved one, you have an estate. But without a plan, your state of residence will choose your heir — not necessarily the result you intended. How can you ensure your intentions will be realized? Start by understanding the basics of estate taxes. How estate…Read More
Plan Today for Future Long-Term Care Costs
According to the U.S. Department of Health and Human Services, nearly 70% of people turning age 65 will require long-term care, such as assistance with basic personal activities during their lifetimes. With costs of this care ranging from $6,000 to $10,000 a month or more, planning to address that risk is a smart move. One…Read More
Cash or Accrual : What’s the Difference?
When you start a business, you have many decisions to make. One is the method of accounting your business will use for reporting income and expenses on your tax return- cash or accrual. Two methods generally used are “cash” and “accrual.” The cash method is the easiest to implement. Under the cash method, you recognize…Read More