2025 Year-End Prep: Essential Tools and Updates in QuickBooks Online

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As 2024 winds down, tax professionals are gearing up to prepare and reconcile client accounts for the year ahead. QuickBooks Online (QBO) offers tools to simplify this process, helping business owners wrap up year-end details and ensure their…

Cash Flow Hacks for Subscription-Based Revenue Models: A Guide for Niche SMBs

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If you’re running a subscription-based business, you’re in the game of recurring revenue—a model full of potential for steady income but also some unique challenges. The lifeblood of your business is cash flow, and keeping it steady can…

Unlocking Cash Flow from Tax Credits: A Hidden Advantage for Small Businesses

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If you’re the driving force behind a small or medium-sized business, you know that cash flow is the lifeline of your operations. Yet, in the daily whirlwind, an incredible opportunity often gets overlooked—tax credits. These aren’t just…

Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones

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Article Highlights: Educational Gifts: A Gift for the Future Retirement Contributions: A Gift with Long-Term Benefits Gifts to Spouses: Supporting Self-Employment Gifts to Spouses: Qualifying Clean Vehicle Employee Gifts: Navigating…

How Qualified Small Business Stock Can Maximize Your Investment Returns

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Article Highlights:  Gain Exclusion Benefits of Sec 1202 QSBS Qualifications for Sec 1202 QSBS Limitations of Sec 1202 QSBS Holding Period Requirements Determining the 5-Year Holding Period Investor Exclusion Limits Rollover…

Maximizing Your Retirement Savings: Strategies for Late Starters

As a baby boomer, you may find yourself approaching retirement with less savings than you'd hoped. Whether due to economic fluctuations, personal circumstances, or simply the demands of life, many late starters face this challenge. However,…

How to Prepare for Your Year-End Financial Review: A Guide for SMBs

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As the year draws to a close, it’s time to take stock of your business’s financial health. A year-end financial review isn't just a box to check—it’s a crucial opportunity to assess your profit and loss, evaluate growth potential, and…

IRS Provides Relief for Hurricane Helene Victims

Article Highlights: Hurricane Helene Affected States. Who Qualifies for Relief. Filing and Payment Relief Relief Start Dates. Relief Period Ending Date. IRS Address of Record Address Outside the Disaster Area Additional…

Managing Contractor Payments and 1099s the Easy Way with QuickBooks Online

The surge in self-employment and small businesses during the COVID-19 pandemic led to millions of new entrepreneurs, many of whom had to quickly learn how to manage their finances, especially when it came to taxes and compensation. Now, nearly…

Special Provisions for Qualified Performing Artists’ Employee Business Expense Deductions

Article Highlights The World of Performing Arts Understanding the Basics Qualifications for Performing Artists Special Considerations for Married Performers Maintain Adequate Records Types of Deductible Expenses Recordkeeping…