As the 2023 tax forms are being released this week, the IRS has added a new question for taxpayers: At any time during 2023, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a…
In the realm of U.S. tax law, individuals have the right to seek exemptions or special status under certain circumstances. One such provision is outlined in Internal Revenue Service (IRS) Form 4029, which allows individuals to claim religious or conscientious objector status and be exempt from paying Social Security and Medicare taxes. This unique provision…
As tax season is underway, Sheldon Bookkeeping is participating with QuickBooks Online marketing discounts to subscriptions. We are posting in social media letting everyone know how to get QuickBooks subscriptions at a discount. Here is a post: Thinking about finally updating your bookkeeping? Use this link for special pricing on QuickBooks subscriptions. https://quickbooks.grsm.io/3dwmwmuyk631 Have questions?…
Here is a new video from QuickBooks to help Desktop users to become familiarized with QuickBooks Online. The introductory video offers some explanation of the differences between the two platforms.
Just before the holidays, Intuit announced the launch of a global QuickBooks brand platform called “Business Differently.” This platform is focused on reaching solopreneur small business owners. The marketing campaign features a TV spot with football star Saquon Barkley highlighting a solopreneur sports photographer. The campaign extends to social media, influencers and a new solopreneur content…
According to a recent survey of more than 4,500 U.S. adults, inflation and interest rates are the greatest threats to the ability to build personal wealth in 2024. A whopping 66% believe starting a business is a better path to building personal wealth than buying a house. The survey data was from the 2023 Intuit QuickBooks…
Here are important dates for taxpayers to keep in mind in 2024: January 18: Final estimated tax payment for 2023 is due Late January: The IRS begins processing 2023 tax returns (probably around January 21). April 15: Filing deadline for 2023 taxes. The first estimated tax payment for tax year 2024 is due. June 17:…
The IRS announced that the standard mileage rate for 2024 will be 67 cents per mile driven for business purposes (up from 65.5 cents in 2023). This rate applies also to electric and hybrid vehicles. The new rate becomes effect on January 1, 2024. For employers, the use of this rate is optional. It is…
Introduction to CTA In a world where financial transactions and business dealings are increasingly complicated, transparency and accountability have become vital. The Corporate Transparency Act (CTA), signed into law in December 2020 as part of the National Defense Authorization Act (NDAA), represents a considerable step forward in promoting openness in corporate ownership. This groundbreaking legislation…
Every second counts – especially when working in QuickBooks. For users of QuickBooks Online, mastering keyboard shortcuts can significantly boost efficiency, saving time and streamlining your workflow. Here are a listof keyboard shortcuts that will help you navigate QuickBooks Online like a pro. Remember, mastering these shortcuts may take some time, but the investment will…
I’m happy to share that I’ve obtained a second new certification: Banking knowledge badge from Intuit! This certification is in Banking from QuickBooks Online, The certification authorizes me to display the knowledge badge as part of my credentials. I will be adding to my website home page, as well as the About Me page. This is the second certification I’ve…
I’m happy to share that I’ve obtained a new certification: Reporting knowledge badge from Intuit! The certification is in creating reports from QuickBooks Online, The certification authorizes me to display the knowledge badge as part of my credentials. I will be adding to my website home page, as well as the About Me page. You may…
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