Ace the FAFSA

Posted on 06. Nov, 2017 by in Bookkeeping Articles, Services, Tax Updates

The Free Application for Federal Student Aid (FAFSA) is a tool students use to apply for more than $120 billion in federal funds. Unfortunately, each year many students miss out. A report from NerdWallet estimates that $1,861 per eligible high school graduate of free federal grant money went unused during 2014 because they did not […]

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Keep Your Audit Fears in Check

Posted on 05. Jun, 2017 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates

Getting audited by the IRS is no fun. Fortunately, your chances of being audited are probably lower than you think. A look at the latest IRS statistics for 2016 reveals some interesting, and reassuring, facts about the risk of an IRS audit. Audits are becoming less common. The number of individual tax returns the IRS […]

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Do-It-Yourself Identity Theft Protection

Posted on 22. May, 2017 by in Bookkeeping Articles, Services, Small Business Tips

Identity theft is a growing problem in the United States, and dozens of companies offering various forms of identity theft protection have sprung up to combat it. Unfortunately, these services often do little to actually protect people’s identities, according to a study released by the U.S. Government Accountability Office (GAO).Both the GAO study and consumer […]

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Nonprofit Annual Filing Due

Posted on 24. Apr, 2017 by in Bookkeeping Articles, Services, Small Business Tips

Annual reporting is required for all organizations that wish to keep their nonprofit status intact. The due date for this filing is May 15, 2017 for calendar-year organizations. Here’s how you can help ensure your favorite charities stay compliant. Check online. The IRS has a master list of charitable organizations recognized as nonprofits in good […]

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Seven Common Retirement Account Mistakes

Posted on 30. Mar, 2017 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates

It is all too easy to make a mistake that can cost you plenty if you do not actively manage your retirement assets. Here are some common retirement account mistakes that can easily be avoided. Borrowing money, then leaving your job. Those with employer-provided retirement accounts, such as 401(k)s, can often borrow money from their […]

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The Right Ingredients to Improve Your Credit Score

Posted on 23. Mar, 2017 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates

Your credit score is important. It dictates how easy it is to obtain a loan for a car, house, or business acquisition. Your score ranges between 300 and 850 points. The closer you are to 850 points, the more likely you are to receive a loan and the less you’ll pay in interest. So, how […]

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Inherited Property: A Matter of Value

Posted on 16. Mar, 2017 by in Bookkeeping Articles, Marketing Tips, Services, Small Business Tips, Tax Updates

Avoid this potential tax headache If you are expecting to inherit property when friends or relatives pass away, know that their generosity can come with tax consequences. It’s important to understand how the value of your inheritance is determined to avoid a potential tax surprise in the future. Estate tax basics When a friend or […]

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IRS Announces Annual Tax Scams

Posted on 09. Mar, 2017 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates

Each year the IRS announces a list of the “Dirty Dozen Tax Scams” its agents encounter most frequently. Highlighted here are seven of the most common. Creating fake income. It has come to the attention of the IRS that some taxpayers are creating false income for the sole purpose of obtaining tax credits like the […]

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Signs You Might Be Outgrowing Your Accounting System

Posted on 13. Feb, 2017 by in QuickBooks, Services, Small Business Tips

If you’re struggling with your accounting system, it might be a sign that you’re ready for something new.  Perhaps your company has grown so much that it’s outgrown its older accounting solution.  Here are several indications to look for that justify moving to an accounting system with more features and scalability. User Permissions Some companies […]

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Cool Apps: Google Forms

Posted on 09. Feb, 2017 by in Marketing Tips, Services, Small Business Tips, Social Networking

Do you ever need to collect information from your customers?  There are many ways to do it: a form in Microsoft Word®, a fillable PDF, and a Web form are all very common.  Less common but slicker than the rest is the option of using Google Forms. You’ll need a Google ID, and most people […]

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