February Client Bulletin
Get up to speed on the 2020 tax filing season, rules for retirement saving, a new W-4 and its effect on Human Resources and how to set up your business accounting system in February’s newsletter.
accounting
How a Glaring Hole in Quickbooks Online Makes Life Difficult for Accrual-Basis Companies That Are Cash-Basis Taxpayers (And How to Work Around It)
Quickbooks Online does many things well, but the inability to indicate if a journal entry should affect both accrual and cash basis reports or if it should only affect accrual basis reports is a glaring hole that can make things difficult for small business owners (especially for businesses with deferred revenue), so we came up with a workaround…
Planning Ahead – What You Can Do Today to Set Yourself Up for Quick and Easy 1099 Filings at Year-End
Filing 1099s is a necessary evil that comes with the territory of running a business. While most people think of 1099s as something to deal with at year-end, you can drastically simplify your year-end process by improving your processes today.