Monthly Archives: February 2017

Tax records – What you should keep

It’s that time of year when you are getting ready to sort out last year’s financial records and prepare for this year’s recordkeeping. Do you know what you should keep and what can you throw away? Here are some suggestions. … Continue reading

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

How to prevent identity theft from affecting you

The IRS has made great strides in protecting taxpayers from identity thieves, but you must still be diligent to protect your information. Identity thieves can steal a taxpayer’s personal information and use it to file a tax return claiming a … Continue reading

Posted in Business, business help, Business Owner, customer, Financial Planning, record keeping, Uncategorized | Tagged , , , | Leave a comment

Establishing Preferences in QuickBooks

Before you start entering data, make sure QuickBooks is set up appropriately for your company. QuickBooks was designed to serve the needs of millions of small businesses. To do that, it had to include the tools and processes suitable for … Continue reading

Posted in business help, Financial Planning, guide, quickbooks, quickbooks help, QuickBooks Online, QuickBooks Tips, Uncategorized | Tagged , , , , | Leave a comment

Using Custom Fields and Classes in QuickBooks Online

QBO’s tools are generic enough that myriad businesses can use it. But custom fields and classes help you shape it to meet your specific needs. Small business accounting is not a one-size-fits-all proposition. Your company is unique in that sense; … Continue reading

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

Are Your Social Security Payments Taxable?

They may be. The IRS’s rules for taxing Social Security benefits could require some studying on your part. If you’ve received Social Security benefits for more than a year, you probably already know the answer to this question. But if … Continue reading

Posted in Filing Taxes, Funding for Medicare and Social Security, retirement, save on taxes, taxes, Uncategorized | Tagged , , , | Leave a comment

Financial scams take more than your money

The consequences of being taken in by a scammer include three types of costs, according to a survey by the Financial Industry Regulatory Authority’s Investor Education Foundation. In addition to the money lost in the fraud, victims generally incur legal … Continue reading

Posted in Fraud, Tax Fraud, Uncategorized | Tagged , , , , | Leave a comment

Do you need to think about the alternative minimum tax?

You may not have thought much about the alternative minimum tax, or AMT, since Congress passed a law that permanently fixed the exemption. But the tax, which you calculate separately from your regular tax liability, is still around. Here’s how … Continue reading

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