Monthly Archives: January 2016

Does Your Business Need to File Form 1099?

Forms 1099 are due to recipients by February 1, 2016. You may be most familiar with Form 1099-MISC, which you use when your business makes miscellaneous payments in excess of $600 for services to nonemployees. What are miscellaneous payments? Reportable … Continue reading

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How to Add Documents in QuickBooks

Accounting is about more than just numbers. QuickBooks lets you make documents available from within the program itself. You could call QuickBooks a “green” computer program. It can conserve reams of paper by storing customer and vendor records, for example, … Continue reading

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Adjust your mileage reimbursements for 2016

Standard mileage rates for deductible vehicle expenses have decreased from the 2015 rates. Here are the rates to use to calculate 2016 reimbursements and deductions. Business. Starting January 1, the rate is 54 cents per mile for the use of … Continue reading

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Customer Complaints can be Opportunities

When a customer complains, think of it as three opportunities in one. An opportunity to get feedback on something that’s not working right in your organization. An opportunity to convert a disgruntled customer into a loyal customer. An opportunity to … Continue reading

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Three Tips to Start the Tax Filing Season

Check whether your children need to file a 2015 tax return. They’ll need to file if wages exceeded $6,300, self-employment income was over $400, or investment income exceeded $1,050. When income includes both wages and investment income, other thresholds apply. … Continue reading

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Tax Breaks Extended Retroactively; Some are Permanent

In mid-December, Congress renewed a long list of tax breaks known as “extenders” that have been expiring on an annual basis. This year many of the rules are retroactive to the beginning of 2015. You may be able to benefit … Continue reading

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Using QBO’s Accounts Receivable Reports

With the holidays and year-end over, you can turn your attention to catching up with your customers. It would be nice if we could neatly wrap up every accounting month or quarter or year neatly, with all of our transactions … Continue reading

Posted in Business, business help, Business Owner, customer, Employee Benefits, Financial Planning, guide, New Business, Operational Accounting, Operations, quickbooks help, QuickBooks Online, QuickBooks Tips, record keeping, Uncategorized | Tagged , , , , , , , , , | Leave a comment