Archive for March, 2016

Q & A and Tips on Accounting, Taxes and Personal Finance.
Why Choose QuickBooks Online?

Why Choose QuickBooks Online?

As a small business owner it’s important to know where your business stands financially at all times. Gone are the days of monthly reports. Today technology has allowed business owners to get a good grasp on where their business is at any place or any time. The reason? QuickBooks Online. QuickBooks online is an online […]

March 29, 2016 | By More
Are your books well adjusted?

Are your books well adjusted?

Keeping accurate financial records means more than recording every sale and expense and bookkeeping adjusting entries. You may think that as long as someone is recording every sale you make and every expense you pay, you’re doing well. But some important items don’t get into the books simply by recording daily transactions. Appropriate adjusting entries […]

March 29, 2016 | By More
Simple Tax Myths and Their Truths

Simple Tax Myths and Their Truths

Tax Filing Fact or Fiction? Linda Smith, Enrolled Agent of ATI Pro in Orlando, Florida discusses 6 things you should know. Federal tax returns are always due by April 15th. Not this year! You have 3 extra days until April 18th, 2016 in which to file. Extensions are for filing, NOT for paying. You must […]

March 29, 2016 | By More
E-Filing Taxes and Refunds

E-Filing Taxes and Refunds

E-filing income taxes is becoming the norm for filing individual income taxes. In recent years, tax preparers were required by the IRS to e-file tax returns if they prepared 11 or more tax returns personal tax returns in the calendar year (i.e. 1040, 1040A, 1040EZ and 1041). Additionally, there are several online tax software companies […]

March 29, 2016 | By More
Receipts – The Foundations of Proof

Receipts – The Foundations of Proof

Some people keep and guard receipts as if they were pieces of precious memorabilia. Many other people leave them on the store counter, toss them away, or roll them up in a ball and shove them in a pocket on the way out the door intending to throw them away later. If you’re a business […]

March 14, 2016 | By More
Exemptions for the Form 8965 Health Care Coverage

Exemptions for the Form 8965 Health Care Coverage

There are several coverage exemptions available for the 2015, Health Care Coverage form 8965 that most people who prepare their own tax returns don’t know about. For Instance, if a coverage exemption was granted by the Marketplace, enter the Exemption Certificate number provided by the marketplace. The following are some exemptions available to taxpayers: If […]

March 4, 2016 | By More