There is so much news and information floating around the web – it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything. Look for the Weekly Wrap-Up: News You Can Use every Friday.
See what caught my attention this week in these topics: Accounting & Taxes, eBooks/Webinars/Videos, Payroll/Certified Payroll/Prevailing Wage, QuickBooks, Small Business/Organization/Productivity, Construction, and Social Media/Marketing/Website Design. Continue reading
Is your CPA REALLY the right person to be completing your tax return? Did you know that there are different educational requirements for different types of tax preparers? For example, attorneys, certified public accountants, and enrolled agents will not have to undergo competency testing or obtain CPE credits for federal tax law topics under new IRS regulations?
Who does your taxes? Do they know tax law? This guest blog post by Bruce McFarland of L & R Tax Preparation will provide information about new rules and regulations that the IRS is mandating for paid tax preparers. Continue reading
Sometimes a QuickBooks file is just so messed up that you are left wondering should I start a new file or just fix the old one? There are several things that you need to take into consideration, the most important being have tax returns been filed using this information? Continue reading
The Internal Revenue Service advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, usually due Aug. 31, will instead be due on Nov. 30, 2011. Continue reading
If you are a QuickBooks user be sure to tell your accountant about the ability to exclude Estimate from the Closing Date - if you are an accounting professional who sets a closing date on your clients file - ask them if they need access to these transactions BEFORE you set the closing date, they'll love you for it! Continue reading
Many companies fail to set up their charts of accounts correctly in QuickBooks. At tax time, when their accountant receives a copy of the file, it becomes a bigger mess. Continue reading
A contractor will need to select a specific long-term contract accounting methods - possibly with different methods for it's exempt and non-exempt contracts - and also selects sub-treatments for the classification of contracts and the allocation of indirect costs. Continue reading