Substantiating Charitable Contributions

By |2022-08-18T08:47:03-04:00October 31st, 2012|Accounting and Auditing, Taxation|

One of the most popular tax deductions for individuals is the one allowed for donations to charitable organizations-from the local church or synagogue to the Red Cross and various other national organizations. Unfortunately, this deduction has also been among the most abused. Thus, perhaps it is not surprising that Congress has responded to the problem [...]

Backup Or Portable Company File? How To Decide

By |2022-08-18T08:47:03-04:00October 29th, 2012|QuickBooks Tips|

QuickBooks provides two ways (actually, three)  to create a copy of your QuickBooks data file. When is each appropriate, and how do you proceed? When you think about it, it's pretty amazing that Intuit is able to pack the lion's share of your financial data into one giant company file. Certainly makes it easier to [...]

Individual Year-end Tax Planning

By |2022-08-18T08:47:04-04:00October 25th, 2012|Accounting and Auditing, Taxation|

The current federal income tax environment remains favorable through December 31st. Here are some tax planning ideas to consider as we approach year-end. Leverage Standard Deduction by Bunching Deductible Expenditures. Are your 2012 itemized deductions likely to be just under or just over the standard deduction amount? If so, consider bunching expenditures for itemized deduction [...]

QuickBooks Can Do Much More Than You Think

By |2022-08-18T08:47:05-04:00October 15th, 2012|QuickBooks Tips|

No, you'll never max out all of its features, but here are some tips on tools that extend QuickBooks' usefulness – and save you time. Zero In On Key Report Figures You've undoubtedly created reports that were so lengthy that you got tired of scrolling up and down to find totals for each individual section. [...]

QuickBooks Payroll Runs: Easy, Fast, Accurate

By |2022-08-18T08:47:06-04:00October 8th, 2012|QuickBooks Tips|

If you've already set up your QuickBooks employee and company payroll files, the hard part's over. It's not just a catchy ad slogan: It's true. Unless you have dozens of employees or numerous exceptions each payday, you can literally process a payroll run in just a few minutes using the employee compensation tools in QuickBooks. [...]

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