Under tax reform, taxpayers who itemize should be aware that deductions they may have previously counted on to reduce their taxable income have disappeared in 2018.Read More
Payroll introduces another layer of complexity within small business accounting. Beyond ensuring your employees are paid on time, you’re also responsible for managing employee benefits and payroll taxes.Read More
Washington businessman Mark Standley was recently sentenced to six years in prison for one of the largest sales tax thefts in Washington state history. As the owner of a drywall company, Standley drastically under-reported the amount of sales tax collected from customers over a six year time period.
According to court documents, he only paid the Department of Revenue (DOR) $3,000 of the $855,000 tax owed. To make matters worse, Standley refused to pay workers’ compensation premiums for his employees.
Sales tax is one of the more complicated concepts supported by QuickBooks Online.Read More
Do I need to pay quarterly taxes? If your employer withholds money each week from your paycheck, then you likely don’t have to think about making quarterly tax payments. However, for those of us who are self-employed or receive income in the form of interests, dividends, rent, alimony, gains from the sale of assets, prizes or awards, it may be necessary to make quarterly estimated tax payments to the IRS.Read More
Online banking may get all the headlines, but a lot of small businesses still prefer paper checks. QuickBooks can accommodate them.
“I don’t write checks anymore,” you hear a lot of people say these days. Debit cards, smartphone payment apps, and online banking have replaced the old paper checkbook for a lot of consumers.Read More
Keeping your financial records in order is hugely important to the success of your business. Not only does it keep you up-to-date on your profits and losses, but legally speaking, it’s necessary to have your records straight. It makes the close of your fiscal year easy to execute by ensuring that all of your required statements are in the right place. This is especially important for dealing with the IRS.
Please be advised that Monday May 29th is Memorial Day. This may affect Payrolls that you are responsible for. How will Memorial Day (Monday, May 29, 2017) affect my direct deposit?
Resellers can help you increase the value of your Intuit investment by improving performance, increasing efficiencies, and simplifying operations.
The Intuit Premier Reseller program includes only the top business professionals who are qualified in meeting their customer’s diverse needs by selling a variety of Intuit products and services to deliver complete business solutions. As part of this premier tier, ebs Associates offers a direct relationship with Intuit’s sales, procurement, and product support teams, creating an inflow of resources and support for you and your business.
If you plan to process your own payroll using QuickBooks, you need to understand how payroll items work.Read More