Monthly Archives: August 2017

Single people need financial planning too

Whether you are a lifelong single person or you found yourself single through divorce or the death of your spouse, you have your own financial considerations and complications. Unfortunately, many single people overlook financial planning. Don’t make this costly mistake. … Continue reading

Posted in Affordable Care Act, Business Owner, Children, Employee Benefits, employees, Estate, Financial Planning, Investing, investment, IRA, retirement, save on taxes, saving for retirement, stock, Tax, tax advice, Uncategorized | Tagged , , , | Leave a comment

Receiving Payments in QuickBooks Online

It’s perhaps one of your favorite activities in QuickBooks Online: recording money that comes in. Are you doing it right? Your days of matching paper checks to paper invoices are over. QuickBooks Online excels at keeping your accounts receivable organized. … Continue reading

Posted in Business, business help, Business Owner, customer, Debit and Credit Cards, deductions, Filing Taxes, Inventory, New Business, Operational Accounting, Operations, quickbooks, quickbooks help, QuickBooks Online, QuickBooks Tips, record keeping, Tax Return, Uncategorized | Tagged , , , , , , , , | Leave a comment

2018 HSA limits announced

The IRS recently announced the 2018 inflation-adjusted limits for health savings accounts. For 2018, taxpayers can contribute up to $3,450 (up from $3,400 in 2017) for single coverage, or up to $6,900 (up from $6,750 in 2017) for family coverage. … Continue reading

Posted in Affordable Care Act, Amended Tax Return, Employee Benefits, Filing Taxes, Financial Planning, health insurance, Human Resources, Investing, saving for retirement, saving money, Tax, tax advice, Tax Return, taxes, Uncategorized | Tagged , | Leave a comment

Are You Protecting Yourself from Tax Identity Theft?

The IRS has thwarted some identity theft attempts, but thieves are still stealing billions of dollars every year from taxpayers. Another annual income tax deadline has come and gone. Maybe you had to pay in, but perhaps you were owed … Continue reading

Posted in Business, Business Owner, Filing Taxes, Fraud, New Business, Operational Accounting, Operations, Payroll, record keeping, Tax Fraud, Uncategorized | Tagged , , , , , , , | Leave a comment

Service charges vs. tips

Remember, service charges do not receive the same tax treatment as tips. Service charges are non-tip wages, and employers must treat them as such for tax withholding and filing requirements. Tips are payments made to employees by customers at the … Continue reading

Posted in Business Owner, deductions, Filing Taxes, Tax, tax bill, Uncategorized | Tagged , | Leave a comment

Check your 2017 withholding

Withholding too much tax from your wages isn’t wise in the long run. Try to match withholding as closely as possible to your actual tax liability for the year. Invest the extra money in yourself, not the IRS.

Posted in employees, Filing Taxes, Tax, tax planning, Tax Return, Uncategorized | Tagged | Leave a comment