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So far QuickBooks Expert has created 341 blog entries.

DEDUCTING CHARITABLE GIFTS DEPENDS ON A VARIETY OF FACTORS

By | March 18th, 2019|Accounting and Auditing, Taxation|

Whether you’re planning to claim charitable deductions on your 2018 return or make donations for 2019, be sure you know how much you’re allowed to deduct.  Your deduction depends on more than just the actual amount you donate. WHAT YOU GIVE Among the biggest factors affecting your deduction is what you give.  For example: Cash [...]

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WEIGH THE TAX IMPACT OF INCOME VS. GROWTH WHEN INVESTING

By | March 11th, 2019|Accounting and Auditing, Estate planning, Retirement, Uncategorized|

As the 2018 tax-filing season heats up, investors have much to consider.  Whether you structured your portfolio to emphasize income over growth – or vice versa, or perhaps a balance of the two – will have a substantial impact on your tax liability.  Let’s take a look at a couple of the most significant “big [...]

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Need to start recording job expenses in QuickBooks but not sure how to do it? We can go over this multi-step process with you.

By | March 4th, 2019|Accounting and Auditing, Business, QuickBooks Tips|

How Do You Track Jobs in QuickBooks? Part 2 In this second of a two-part series, we’ll explore how you use the job-related records you’ve created. Last month, we showed you how to start building a foundation for tracking jobs in QuickBooks. We explained that you can use the software’s jobs tools to track income [...]

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THROWING SNOWBALLS AT YOUR MOUNTAIN OF DEBT

By | February 25th, 2019|Accounting and Auditing, Estate planning, Retirement|

 Many people start the year intending to get out of debt, yet end the year owing just as much, if not more.  One approach that might yield success is called “throwing snowballs.” Under this method, you organize your debts from the lowest balance to the highest balance and begin paying off the debt on top [...]

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FEWER TAXPAYERS TO QUALIFY FOR HOME OFFICE DEDUCTION

By | February 18th, 2019|Accounting and Auditing, Business, Taxation|

Working from home has become commonplace for people in many jobs.  But just because you have a home office space doesn’t mean you can deduct expenses associated with it.  Beginning with the 2018 tax year, few taxpayers will qualify for the home office deduction.  Here’s why. CHANGES UNDER THE TCJA For employees, home office expenses [...]

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YOU’VE GOT TIME: SMALL BUSINESSES CAN STILL SET UP A 2018 SEP PLAN

By | February 11th, 2019|Accounting and Auditing, Business, Taxation|

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) plan may be just what you need, and now may be a great time to establish one. A SEP plan has high contribution limits and is simple to set up.  Best of [...]

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