Monthly Archives: July 2016

You can still benefit from the Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) is a federal income tax break that can reduce your business income tax when you hire workers from specified groups that typically experience high unemployment rates. Normally, you have 28 days after the worker’s … Continue reading

Posted in Filing Taxes, save on taxes, Tax, tax advice, tax bill, taxes, Uncategorized | Tagged , , , | Leave a comment

Access tax details online

Transcripts of your federal income tax return, tax account, wages and income, and record of account, as well as a verification of non-filing, are once again available for no charge online at the IRS website. Sign up to view, print, … Continue reading

Posted in Filing Taxes, save on taxes, Tax, tax advice, Tax Return, taxes, Uncategorized | Tagged , , , , | Leave a comment

Charging for Time in QuickBooks Online, Part 2

Last month, we talked about time-tracking setup, single-activity data entry, and user permissions. This month, we’re exploring additional time-and-billing steps. By now, you’ve set up QuickBooks Online for time tracking and entered your first timed activity. If you have employees … Continue reading

Posted in quickbooks help, QuickBooks Online, QuickBooks Tips, Uncategorized | Tagged , , , , , | Leave a comment

Make QuickBooks Your Own: Specify Your Preferences

Your business is unique. Make sure that QuickBooks knows how you operate. QuickBooks was designed to be used by millions of businesses. In fact, it’s possible to install it, answer a few questions about your company, and start working right … Continue reading

Posted in quickbooks help, QuickBooks Online, QuickBooks Tips, Uncategorized | Tagged , , , , , | Leave a comment

Form 5500 due date is approaching

August 1, 2016 is the deadline for filing Form 5500 for retirement or employee benefit plans on a calendar year. (The usual due date of July 31, 2016, is a Sunday.) There are two updates to be aware of. First, … Continue reading

Posted in Business, Employee Benefits, retirement, Tax, Uncategorized | Tagged , , , , , | Leave a comment

Fighting Identity Theft with Credit Freezes

Identity theft is a crime involving the wrongful acquisition of someone else’s personal information such as name, Social Security number, or bank account information. A credit freeze can be an effective way to combat this fraud, and a financial advisor … Continue reading

Posted in Financial Planning, Uncategorized | Tagged , , | Leave a comment

Get automated help to understand Affordable Care Act penalties

The Taxpayer Advocate Service website has an automated tool to help you understand how the employer penalties put in place by the Affordable Care Act (ACA) apply to your business. The “estimator” will help you determine how many full-time employees … Continue reading

Posted in Affordable Care Act, Tax, tax advice, Uncategorized | Tagged , , , , | Leave a comment