Category Archives: Operational Accounting

ITEM #6 – IRS announces business vehicle deduction limits for 2017

The IRS has published depreciation limits for business vehicles first placed in service this year. These limits remain largely unchanged from 2016 limits. Because 50% bonus depreciation is allowed only for new vehicles, these limits are different for new and … Continue reading

Posted in Business, business help, Business Owner, Financial Planning, guide, Operational Accounting, Operations, Uncategorized | Tagged , , , , , | Leave a comment

Are You Memorizing Transactions? Should You Be?

You know that QuickBooks saves a lot of time. But have you explored how it does so by memorizing transactions? Your accounting work involves a lot of repetition. You send invoices. Pay bills. Create purchase orders. Generate payroll checks and … Continue reading

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

Tax filing reminder for nonprofit organizations

Nonprofit organizations are required to file annual reports with the IRS. Organizations with gross receipts of $50,000 or less can file an e-Postcard instead of the longer Form 990. The deadline for nonprofit filings is the 15th day of the … Continue reading

Posted in Business, Business Owner, charities, Operational Accounting, tax advice, taxes, Uncategorized | Tagged , , , , , | Leave a comment

Ringing Out 2016 in QuickBooks

2017 is just around the corner. Now’s the time to do your end-of-year QuickBooks tasks. Since early January of this year, you’ve been faithfully creating new records, entering transactions, and recording payments. You’ve run basic reports. You’ve done your collection … Continue reading

Posted in Business, business help, Business Owner, customer, customer service, Filing Taxes, Financial Planning, guide, Inventory, New Business, Operational Accounting, Operations, quickbooks, quickbooks help, QuickBooks Tips, record keeping, sales, save money, save on taxes, stock, Supply, Tax, tax advice, Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

Creating Reports in QuickBooks, Part 2

Last month, we discussed QuickBooks’ report Preferences and The Report Center. We’ll look at report customization this month. QuickBooks makes your bookkeeping faster, safer, and more accurate than what you could do using a manual system. Still, you may occasionally … Continue reading

Posted in business help, customer, customer service, Inventory, investment, New Business, Operational Accounting, Operations, Payroll, quickbooks, quickbooks help, QuickBooks Tips, Uncategorized | Tagged , , , , , | Leave a comment

3 Key Bookkeeping Essentials for Every Small Business Owner

Managing business finances is certainly an integral part of business growth and success. Proper growth, goal attainment, and quality service all hinge on how efficiently funds are managed. Even with the help of bookkeeping and accountancy professionals to maintain good … Continue reading

Posted in business help, Operational Accounting | Tagged | Leave a comment

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

Posted in Amended Tax Return, Business, business help, Business Owner, Filing Taxes, Financial Planning, guide, Operational Accounting, Operations, Tax, tax advice, tax bill, tax exempt, Tax Return, taxes, Uncategorized | Tagged , , , , , , , , , , , , , , , , , | Leave a comment