Folks, let’s talk plain and simple about taxes – the old saying holds true. It’s sure cheaper to keep out of trouble than digging yourself out of a tax hole with the IRS! It simple: if you miss the mark on tax obligations or mess up those returns, it’s like opening the floodgates for penalties…
The IRS has fined Allegheny Township, a Pennsylvania municipality near Pittsburgh. The IRS is not commenting on its enforcement action, but news reports suggest that the fines might be connected to the township not properly withholding taxes from employee paychecks. According to the TribLive, the township has acknowledged receipt of the fines, and audits are…
Running a business requires juggling a million tasks, and keeping track of your finances shouldn’t be one of them. Enter QuickBooks Online, a cloud-based accounting software that can streamline your finances and free up valuable time. Whether you’re a seasoned entrepreneur or just starting out, here are five compelling reasons why QuickBooks Online should be…
From the QuickBooks YouTube Channel: Watch this fireside chat between award-winning journalist Soledad O’Brien and actor, director, and playwright Tyler Perry, who shares about his small business journey—how his creative vision, perseverance, and deep understanding of his audience led to unprecedented success that challenged the film industry’s assumptions about Black audiences. Please check out the…
The IRS has resumed sending LT38 collection letters again after the 2-year pandemic pause. If a small business gets one, this notice is not something to ignore or stuff away in a desk drawer. As of now, over 3.7 million US taxpayers are expected to receive the LT38. Automatically generated by the IRS Collection System,…
From the QuickBooks Online YouTube Channel: With QuickBooks Online Payroll, you can give your employees time off and track it in QuickBooks. Let’s learn how to set up time off in QuickBooks, how to account for it when you run payroll, how you can track how much time off employees have left, and how employees…
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…
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