Monthly Archives: October 2012

QuickBooks Reports Help You Maintain Balanced Inventory Levels

Running out of products too frequently? Having to sell cheap because inventory is overloaded? Use QuickBooks’ reports. It seems so simple in theory. Don’t overstock goods because you’ll tie up too much money and perhaps need a clearance sale to … Continue reading

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Important deadline approaching for tax-exempt organizations

Here’s an important reminder for small nonprofit organizations: If your organization had its tax-exempt status revoked for failing to file an annual return from 2007 through 2009, the IRS is giving you a chance to get reinstated. The IRS has … Continue reading

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Avoid underpayment penalties

Don’t let penalties for underpaid taxes increase your tax bill next April. Check the total tax you’ve paid in for 2012 through withholding and/or quarterly estimated payments. If you’ve underpaid, consider adjusting your withholding for the final pay periods of … Continue reading

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The Critical Backup

We can’t emphasize this enough: Losing your financial data can be the beginning of the end of your company. You won’t know what you’re owed, so you’ll be unable to collect. You’ll miss vendor payments. Payroll will be impossible to … Continue reading

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Backup Or Portable Company File? How To Decide

QuickBooks provides two ways (actually, three) ┬áto create a copy of your QuickBooks data file. When is each appropriate, and how do you proceed? When you think about it, it’s pretty amazing that Intuit is able to pack the lion’s … Continue reading

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Recordkeeping tips from the pros

If you want to give your tax recordkeeping skills a performance boost, do what accounting professionals do. 1. Maintain a separate bank account for all self-employed business activity. This will greatly minimize confusion come tax time by giving you just … Continue reading

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