For decades, accountants around the world have enjoyed the convenience of QuickBooks Desktop products like QuickBooks Desktop Pro Plus and QuickBooks Desktop Enhanced Payroll. “QBD” runs on your PC or Mac but not in the cloud. Since the beginning, these programs have allowed users to pay a flat fee, or later, a subscription fee, for [...]
Practices and habits that may trigger an IRS audit and how your small business can avoid those triggers.
Figuring out which Quickbooks subscription is right for you and your business can be tricky. The accounting and bookkeeping platform is a crucial lifeline for small businesses around the world. Making sense of how to use it for your business can be a challenge though. And one of the first things a new QuickBooks user [...]
A problem that many small business owners struggle with is a very basic one - how to pay yourself! It might feel weird to pay yourself as the owner of your own business, but you owe yourself a salary or some form of compensation while you’re maintaining and growing your business. Whether you use Intuit [...]
Changes are coming to QuickBooks Online Payroll effective March 8, 2021. QBO Online Payroll subscribers will be stepped-up and realize enhanced and frequently requested new capabilities aimed at making payroll runs more reliable, easier and quicker than before. And three payroll offerings will be available instead of two. The QBO Payroll offerings are: QB Online [...]
Big news! Intuit has just launched QuickBooks Commerce. This addition to the growing portfolio of Intuit accounting solutions will be welcomed by QuickBooks Online product (vs services) sellers who need inventory management, order processing and accounting automations across multiple sales channels. This includes users of eBay, Amazon, Squarespace, WooCommerce, Shopify, Magento, Zapier, Etsy, Shipstation and [...]
The latest payroll tax deferral program was recently rushed into existence as part of the U.S. government’s response to the Coronavirus and continues to evolve – and much remains unclear. Major questions remain which most employers must unfortunately deal with as they remain in the middle, between both the IRS and employees. For example, it [...]
As more and more firms make the move from PC and server-based QB Desktop (“QBD”) to cloud-based QuickBooks Online (“QBO”) file size can be a concern, especially for QuickBooks Desktop files containing many years of transactions. However this conversion is a good time to purge your system of old and useless entries (vendors and customers [...]
The SBA CARES Act On March 27, Congress passed and President Trump signed into law the CARES Act (the Coronavirus Aid, Relief, and Economic Security Act) — a significant piece of legislation that provides approximately $2 trillion of economic assistance in various forms to both consumers and businesses. As a part of CARES, the Small [...]
IRS FTB UPDATE: COVID-19: IRS and CAL FTB Tax file and pay deadlines extended to July 15, 2020. COVID-19 has hammered our southern California economy, as a large portion of businesses – and workers – are now in hibernation. No one really knows when we can all just get back to what we were doing [...]