Checklists make work faster and easier, and even a simple checklist can save you hours of time at year-end. A Year-End Checklist Saves time: Your checklist helps you do each step in order, keep from back-tracking, duplicating work, or doing … [Read more...]
I did what?: Three common tax mistakes small businesses make
January 29, 2012 by
As a CPA, I've seen a wide variety of mistakes related to taxes, some of which were very costly to business owners. The IRS and state tax code and regulations are very complex. And they change every year, of course. This creates big challenges for … [Read more...]
Right Angle: Creating Perfect 1099s–An Expert’s Guide
January 23, 2012 by
You may be ready to do your own 1099s, or to do your clients' 1099s, but is the QuickBooks data you're working with ready for you? You've heard about the 1099 rule changes and you've figured them out, you've decided to file 1099s electronically or … [Read more...]
What’s in Your Check Number Field?
January 23, 2012 by
I bet you already know that QuickBooks for Mac records most of the bills you enter and pay as “checks,” regardless of whether we’re actually writing out checks, paying a contractor with PayPal, whipping out your debit card, or forking over a fistful … [Read more...]
So many choices, Part 2: Vendor transactions and more
January 19, 2012 by
This article is Part 2 of a two-parter on the transactions you can use in QuickBooks. Part 1 covers customers. This one covers vendors. With vendors, it's all about spending money. You need stuff to run your business, whether that's new inventory … [Read more...]
Managing the changes for 1099s in QuickBooks 2009 and earlier: Part 2
January 4, 2012 by
Managing the changes for 1099s in QuickBooks 2009 and earlier Did you pay some of your 1099 vendors with a mix of checks, credit card, electronic funds transfer, debit card, PayPal, and direct deposits--that is, both reportable and … [Read more...]
Managing the 2011 tax year 1099 changes manually in QuickBooks
December 15, 2011 by
For tax year 2011 the IRS has changed the 1099-MISC reporting requirements. We've got a manual process that will help you sort out what you need to report, what you don't need to report, and how to make sure that the right amounts get onto the … [Read more...]
Using the 1099 Wizard to create 1099s
December 15, 2011 by
If you’re reading this, it’s probably tax time and you have some 1099-forms to file. Luckily, we have a wizard to guide you through the process of reviewing, preparing, and printing or e-filing your 1099s. Here's what you need to do to use the 1099 … [Read more...]
Grappling with sales tax? QuickBooks can help
February 23, 2011 by
If you sell stuff, sales tax is part of your life. Ugh. Oh, I mean, lucky you! OK, I tried to be upbeat, but there's really no way around the fact that sales tax takes a bite out of your donut. But QuickBooks can make it easier for you, even if … [Read more...]
Tax Time: Working with Forms 1099 and 1096
November 29, 2010 by
When tax time looms large, it’s easy to freak out—suddenly you remember that on top of all the other tasks you must complete, you need to print and send out 1099-MISC forms for all your contract service vendors. Form 1099s need to go in to the IRS, … [Read more...]
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