Good customer relationship management requires communication with customers. QuickBooks can facilitate this. Ask us.

By |2023-08-29T11:02:28-04:00August 29th, 2023|Accounting and Auditing, Business, Taxation|

How QuickBooks and Word Improve Customer Relationships The pandemic taught businesses a lot of things. One was the importance of staying in touch with customers. Hard to believe it was more than three years ago that many businesses had to shut down because of the COVID-19 pandemic. Others remained open, but tens of millions of [...]

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COMPILING A MARITAL BALANCE SHEET IN DIVORCE

By |2023-07-24T09:58:40-04:00August 28th, 2023|Accounting and Auditing, Estate planning, Retirement, Taxation, Uncategorized|

Divorce is difficult for everyone involved.  You can ease the process somewhat by begin organized.  A financial expert can help you with the first step: compiling a martial balance sheet of assets you own and the liabilities you owe, as a couple. Typical assets include the money in savings and checking accounts; vehicles and equipment; [...]

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A POSSIBLE TAX QUIRK OF BEING A BUSINESS PARTNER

By |2023-07-24T09:56:31-04:00August 21st, 2023|Accounting and Auditing, Business, Taxation|

  If you’re a partner in a business, you may have encountered a situation that gave you pause.  In any given year, you may have been taxed on more partnership income than was distributed to you.  The cause of this quirk of taxation lies in the way partnerships and partners are taxed. Unlike regular corporations, [...]

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ESTIMATED TAX PAYMENTS: WHO OWES THEM AND WHEN?

By |2023-06-23T13:52:14-04:00July 24th, 2023|Accounting and Auditing, Business, Taxation|

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments.  This is the case if you have taxable income from sources such as interest, dividends, self-employment, capital gains or other income.  Here are the applicable rules for paying estimated tax without triggering the [...]

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ARE SCHOLARSHIPS TAXABLE?

By |2023-06-23T13:45:47-04:00July 17th, 2023|Accounting and Auditing, Business, Taxation|

If your child has been awarded a scholarship, that’s cause for celebration.  For some students, it will mean the difference between going to the college of their choice or starting at community college – or even not going at all.  But be aware that scholarship may bring tax implications. GENERALLY, BUT NOT ALWAYS Scholarships (and [...]

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FAMILY BUSINESSES MUST BEWARE OF FRAUD

By |2023-06-21T15:36:17-04:00July 10th, 2023|Accounting and Auditing, Business|

Family businesses make up a huge percentage of companies in the United States and produce much of the country’s gross domestic product.  Often defined as companies that are majority owned by a single family with two or more members involved in their management, family businesses can be a significant source of wealth.   However, for [...]

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