In these days and times, when budgets are tight, you may find that you can trade your service with another business to save on your cash flow. This is called bartering and it is becoming more popular. However, the fair...
Read more »Reimbursable Business Expenses
What exactly is a reimbursable expense? It can be an expense a company incurs when performing work for a client, such as postage, mileage, meals. It can also be an expense when an employee purchases either goods or services for...
Read more »QuickBooks 2012 Adds Wizard For 1099 Filing Requirements
The 1099 reporting requirements for 2011 have been somewhat confusing. Who gets a Form 1099-Misc and who gets a Form 1099-K? The IRS repealed the ruling that required all businesses to send a Form 1099-Misc to all vendors to whom...
Read more »IRS Extends Filing Deadline For Some Tax-Exempt Organizations Until March
If you work with a tax-exempt organization or are a tax-exempt organization whose fiscal year ended August 31st or September 30, 2011 with January and February 2012 filing due dates, the IRS has extended the filing deadline until March 31,...
Read more »Understanding Items in QuickBooks
Items in QuickBooks can be confusing. You may not know where to use them or why to use them, or even which item to use. Most accounting programs don’t use items. The larger, more expensive programs are made up of...
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