Category Corporations


2010 Quickbooks for Mac – 4 out of 5 I’s

Considering making the switch from Windows to Mac especially with the release of the new I-pad.  Wondering if your small business accounting through Quickbooks will remain the same. Fear not, recent developments with Quickbooks for Mac are making this transition easier than ever. Quickbooks for Mac is making huge strides in functionality to catch up …


Quickbooks Online Discounts to be Reduced

After offering a Quickbooks ProAdviser “permanent” 40% discount to clients on their online program rates, Intuit is having second thoughts.  The Quickbooks online discount is soon to change. Quickbooks Online has become a great program that provides portability and a connection between clients and pro-active accounting firms like ours.  The flexibility of the online program, familiarity of the Quickbooks …


Payroll Reporting Issues, Part 1

We wrote last year about some of the payroll reporting issues you can run into switching from one payroll provider to another.  Here we want to look indepth at some things your current payroll service provider may not know about your situation.  This is part one in a short series regarding what things you should …


Unemployment Tax Increase Tough on Small Businesses

While business owners are scraping together money to grow and hire new employees, Florida is among many of the states increasing payroll taxes to cover the unemployed.  There could be an unemployment tax increase of 1000% for some companies. State unemployment taxes have been on the first $7,000 of each individual’s wages and had recently …


Alert: 2010 Standard Mileage Rates Announced

2010 standard mileage rates for reimbursement are dropping in 2010.  The IRS claims a down economy and lower oil prices in 2010 have kept fuel prices relatively low this past year.  However, most Americans are still feeling a pinch in their wallet due to lower overall household income which started declining in the 4th quarter …


Pros and Cons of Quickbooks Online

Unless you have a dedicated accounting staff with their own designated office space who handle the finances of your business with little or no input from you, the advantages of the Quickbooks Online program can be numerous.  The ability to outsource your accounting function while maintaining onsite access is every business owners dream.  However, despite …


Simplified Per Diem Deductions Increased

For those who travel for their job, the solution to your shoebox full of receipts just got a little sweeter.  The IRS allows standard reimbursement amounts for travel, Per Diem, to simplify record keeping for businesses, and in 2009 these Per Diem deductions increased. As of October 1, the IRS is increasing the amount businesses …


Work Opportunity Tax Credit Basics

The Work Opportunity Tax Credit is a tax credit that you can receive for hiring workers belonging to targeted groups.  These groups include veterans, ex-felons, food stamp recipients, social security income recipients, vocational rehabilitation referrals, summer youth employees, disconnected youth, long-term family assistance recipients, IV-A recipients, and designated community residents.  Please contact me if you …


Comprehensive Guide to Pastor Payroll

After years of studying Scripture, Hebrew, Greek, history, theology, and a wide variety of other spiritual subjects, clergy members sometimes find that they could have used a business tax course or two as well.  This is especially true for smaller ministries. Fortunately, the IRS offers guidance in Publication 517 on complicated pastor payroll issues such …


Starting or Canceling a Payroll Service

Signing up with a payroll service is a great way to facilitate the sometimes complicated payroll process with a minimum exposure to IRS and state penalties.  Payroll companies are able to track your payroll in real-time, help with any audits, and provide accurate and up to date records to you and your accountant as needed. …

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