May 2019 Due Dates

May 2019 Individual Due Dates

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May 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10. Your employer is required…
Employees’ Fringe Benefits after Tax Reform

Employees’ Fringe Benefits after Tax Reform

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Tax reform made a lot of changes, some of which impacted employees’ fringe benefits. This article reviews the most frequently encountered fringe benefits, including those that were and were not impacted by tax changes. These changes can affect…
Are You Missing a W-2?

Are You Missing a W-2?

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Have you received all of your W-2s? These documents are essential for completing individual income tax returns, as they include the taxable amount of your wages and the amount withheld for federal and (if applicable) state income tax, along…
Could Your Sales Invoices Be Better? How QuickBooks Online Can Help.

Could Your Sales Invoices Be Better? How QuickBooks Online Can Help.

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Every interaction with your customers can enhance your image. Here’s how QuickBooks Online contributes to that. Getting paid by your customers—on time, and in full—can take some effort on your part. You set smart due dates and enforce…

Your Small Business Survival Guide for If (and When) the Economy Slows Down

Your Small Business Survival Guide for If (and When) the Economy Slows Down According to one recent study conducted by the Small Business Administration, there are approximately 28.8 million small businesses in the United States that are…
Increased Business-Vehicle Deductions Due to Tax Reform

Increased Business-Vehicle Deductions Due to Tax Reform

The Tax Cuts and Jobs Act of 2018 and other tax reforms have brought about significant changes in the way that vehicle use is deducted for business purposes. Before getting into these changes, it is appropriate to first provide a review of the…
Reasons Why Your Small Business Needs an Employee Identification Number

Reasons Why Your Small Business Needs an Employee Identification Number

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Entrepreneurs often shrug off the idea of obtaining an employer identification number, or EIN, believing that their small business really doesn’t need one. Though there are some cases where a solo business can get away with merely utilizing…
Getting the W-4 Right Is Important

Getting the W-4 Right Is Important

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As they do at the beginning of every year, employers will be requesting employees to complete the IRS Form W-4. Its purpose is to provide employers with the information they need to determine the amount of federal income taxes to withhold from…
Resolve to Do These 3 Things in QuickBooks Online This Month

Resolve to Do These 3 Things in QuickBooks Online This Month

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‘Tis the season for making resolutions and setting goals. Try exploring these three areas to dig deeper into QuickBooks Online. By now, many New Year’s resolutions have already been made – and broken. Though they’re usually created…
6 Common Small Business Accounting Problems That Are Killing Your Growth

6 Common Small Business Accounting Problems That Are Killing Your Growth

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If you’re a small business owner, you want your organization to do far more than survive: you want it to thrive! Unfortunately, to make sure that customers are happy and the lights stay on there are a lot of details that need attention, and…