Accounting for Time in QuickBooks

  If you sell services to your customers, you’ll need to understand how to use QuickBooks’ time-tracking features. Small businesses that sell products have to do a constant balancing act. Keep too much inventory on hand, and you’re sitting on potential profits. If you don’t order enough and you run out, your customers may go […]

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Reasonable Comensation for Sub S Shareholders

This is a HOT button for the IRS. We want less compensation and more distributions to keep payroll taxes lower; the IRS wants the opposite. We have formulas and ideas to protect you. First, get over yourself and take salary and it has to be different than $24,000 or $36,000. This shows the number is […]

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THINGS GET LOST OR FORGOTTEN OVER TIME

Things get lost or forgotten over time. Take a minute– Make a list of all your assets and their beneficiaries– Retirement Accounts Bank Accounts Investments Insurance Policies Also make a list of all your online logins and passwords– Bank Accounts Credit Cards Cell Phones Social Media and other Website Accounts Keep your lists in a […]

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Preventing Data Theft in QuickBooks

  Be proactive about the security of your QuickBooks company file, and you’ll be less likely to encounter data theft. Thanks to the internet, privacy has been on the wane over the last few years. We assume that our addresses and phone numbers are public information, thanks to sites like Switchboard and 411.com. We hopethat […]

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