Non-profit Annual Filing Due

Posted on 30. Apr, 2016 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates

Annual reporting is required for all organizations that wish to keep their non-profit status intact. The non-profit annual filing due date is May 16, 2016 for calendar year organizations. How can you help ensure your favorite charities stay compliant? Check on-line. The IRS has a master list of charitable organizations recognized as non-profits in good […]

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Change a Little… Save a Lot

Posted on 12. Apr, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Changing your financial situation can seem to be an overwhelming task. Like most large problems, the best way to address them is to break them down into smaller, more manageable problems. The same holds true with your financial well being. Here are five small ideas that can yield big results to help improve your financial […]

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A Dozen IRS Not so Fine Penalties

Posted on 21. Mar, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Tax Updates

Over the past few years the IRS has made the use of penalties and fines a more prevalent tool to encourage compliance among taxpayers. This “stick” approach is in direct contrast to the “voluntary” philosophy built within our tax system. Here are a dozen of the more common penalties and fees. S-Corporation and Partnership late […]

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Twelve Common Missing Tax Return Items

Posted on 14. Mar, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Tax Updates

Want your tax return filed quickly and without error? Then double-check this handy list of items that are often overlooked. Review and signing your e-file approval.┬áThe sooner you review and approve your tax return, the sooner it can be filed. Having proof of health insurance.┬áMost taxpayers should receive a Form 1095 that confirms you have […]

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A Dozen Financial Topics High School Students Should Know

Posted on 11. Mar, 2016 by in Bookkeeping Articles, QuickBooks

Often lost in the race to get kids through high school and on to life in the “real world” are basic financial skills that are simply not covered. Here are dozen financial concepts every high school student should know. How bank accounts work. Provide your student a basic understanding of checking accounts and savings accounts. […]

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Is an Extension a Good Idea?

Posted on 08. Mar, 2016 by in Bookkeeping Articles, QuickBooks, Small Business Tips, Tax Updates

The clock is ticking down to the pending tax-filing deadline of April 15th. Here are some examples when filing an extension might make sense other than rushing to meet the filing deadline. Incorrect Form 1095-A. If you received health insurance through the new Healthcare (Marketplace) Exchange, you may have received an incorrect Form 1095-A recapping […]

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Ten Steps to Better Manage Your Bookkeeping Records

Posted on 18. Feb, 2016 by in Bookkeeping Articles, Small Business Tips

Here are ten easy steps to better organize your bookkeeping records so the next time you open up QuickBooks, everything will be nicely organized for you! Vendor Invoices: Enter into your Accounting File as soon as you can. Accordion File A-Z: Use this to file your vendor invoices instead of taking up valuable file space. […]

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Budgeting Made Simple for the Small Business Entrepreneur

Posted on 14. Feb, 2016 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips

Most of us came from the corporate world where working with budgets was an everyday occurrence. So now you are the one in charge and budgeting is the last thing on your mind for your own business. Budgeting is just as important to the small business owner as it is to major corporations. It helps […]

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Annual Credit Check More Important Than Ever

Posted on 28. Jan, 2016 by in Bookkeeping Articles, Services, Small Business Tips

An Annual Credit Check is more important than ever. Last year, the IRS admitted to a major breach into taxpayer records. This breach was not a hacking operation. The thieves had valid names, addresses, Social Security Numbers and more. They used this information to get by the security measures in place on the IRS website. […]

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Be a Better Charitable Giver

Posted on 17. Dec, 2015 by in Bookkeeping Articles, Marketing Tips, My Favorite Things, QuickBooks, Services, Small Business Tips, VirtualConnections Newsletter

Simple moves to make your giving go further These days, we all want our money to go further and charitable donations are no exception. Yet sometimes, even well-intentioned gifts may end up going to a poorly run charity or the charity does not receive the full benefit of your gift. Here are some tips to […]

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