New Level of Shared Responsibility Penalty

Posted on 21. Jul, 2015 by in Bookkeeping Articles

Don’t let this one get out of hand A part of the Affordable Care Act is the enactment of a tax penalty if you or your family does not have qualified health insurance coverage for the entire year. The new tax penalty, called the “shared responsibility payment” impacts taxpayers beginning in 2014. While the payment […]

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Summer Child-Care Tax Opportunity

Posted on 08. Jul, 2015 by in Bookkeeping Articles

For millions of working parents the summer comes with the added challenge of finding care for their summer vacation bound kids. School hours need to be replaced with child-care hours. With summer underway, you probably now have the child-care summer gap covered. There is a good chance this care could be tax deductible using the Child […]

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Ten Excuses to Have a Sale

Posted on 29. Jun, 2015 by in Bookkeeping Articles, Misc. Articles, Small Business Tips

If you need cash fast, there’s nothing like having a sale to increase your bank account quickly. Here are ten excuses you can use to tell your customers you’re having a sale. It’s Your Birthday (or Your Business’s Birthday): We all feel generous on our birthday, so why not have a sale on your special day. […]

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Influencing Your Word-Of-Mouth Results

Posted on 17. Jun, 2015 by in CEO Tips, Marketing Tips, Misc. Articles, Small Business Tips

Just about every business relies on “word-of-mouth” marketing to get the vast majority of its clients. If this is true for your business, then it just makes sense to figure out how to boost your referrals from all sources. Referrals are almost always easier to sell and they keep your marketing costs low. But how […]

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The Chances of Being Audited

Posted on 11. Jun, 2015 by in Bookkeeping Articles, Misc. Articles, Tax Updates

2014 audit statistics show changes Every year the IRS publishes the statistics of the number of tax returns they are examining. Provided here are the last three years of published information and a look back to 2008 to see any trends:                   Observations: Overall, you have less […]

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How Understanding Assets vs. Expenses Can Make You Rich

Posted on 09. Jun, 2015 by in Bookkeeping Articles, CEO Tips, QuickBooks, Small Business Tips

Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end. Spending on one can make you rich and spending too much on the other can leave you broke. An expense is money you may need to spend, but after a year, there is nothing lasting to show […]

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In the News: IRS Data Breach

Posted on 09. Jun, 2015 by in Bookkeeping Articles, Misc. Articles

Was your taxpayer identity stolen? The IRS recently announced that over 100,000 taxpayer identities and prior tax return information was stolen from their “Get Transcript” application. The thieves used stolen Social Security Numbers, names and addresses to get past the IRS security walls. The thieves then got copies of tax information on file at the […]

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Five Modern Marketing Methods You May Not Know About

Posted on 05. Jun, 2015 by in CEO Tips, Misc. Articles, Small Business Tips

Older marketing methods like direct mail and cold calling just don’t work as effectively as they did a few decades ago. There are two reasons for that: The trust level between people has dropped more than 20 percentage points in the last few years; people are more skeptical and untrusting of each other than ever […]

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[THBS News] QuickBooks 2015 Certification

Posted on 03. Jun, 2015 by in Misc. Articles

We are pleased to announce Third Hand Bookkeeping’s Linda Siniscal has received QuickBooks 2015 certification for both QuickBooks 2015 Desktop and Quickbooks Online. Linda is a Certified Bookkeeper with the American Institute of Professional Bookkeepers (AIPB), and a certified QuickBooks ProAdvisor and Notary Public, State of NJ. Prior to starting Third Hand Secretarial Service in 1994, Linda has been involved […]

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Understanding How Teams Grow

Posted on 02. Jun, 2015 by in CEO Tips, Misc. Articles

Do you have employees who need to work together as a team? Or perhaps you need to work as a team with your customers and vendors. When people of different backgrounds get together for a common goal, there are often four stages they go through before they become a true team or family. Four Stages […]

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