The IRS has a document entitled “Charitable Contributions” which can be downloaded from this website here.
This publication explains what you are required to do as far as reporting contributions, and covers receipts that you are required to issue as a non-profit.
The document is also linked in the footer area of this website.
QuickBooks Online announced the availability of several new and improved e-commerce innovations that help small businesses effortlessly manage their inventory across sales channels from one, central platform. According to a November 1, 2023 press release, “By automating inventory accounting processes and connecting sales channels, QuickBooks Online now provides a single source of truth for product,…
A recent news story clearly shows why a bookkeeper should not be authorizing payments. In the news is the case of Bonnie Sweeten, the Pennsylvania mother who faked her kidnapping 13 years ago. She was found on a plane on her way to Disney World with her daughter. Sweeten is back in the news again….
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:…
Home Office Tax Deduction for Real Estate Investors For real estate investors, home office tax deductions are similar to those for other self-employed individuals. However, there may be some additional deductions that are specific to real estate investors. Here are some common home office tax deductions that may apply to real estate investors: Depreciation: Real…
We added a new page: QuickBooks Time. As this website continues to evolve, this update gives some insight into the future. The QuickBooks Time Page by Sheldon Bookkeeping is more than just a tool; it’s a testament to the power of efficiency. By simplifying time management and maximizing productivity, it paves the way for a…
Bookkeeping isn’t just a chore; it’s the lifeblood of any business, big or small. It’s all about keeping tabs on every dime that comes and goes, jotting it down accurately, and making sure the numbers add up. Let’s chat about why bookkeeping rocks and how it can be your business’s BFF, helping you call the…