QuickBooks Tip #2: Pull Reports for Quick Info

QuickBooks Tip #2: Pull Reports for Quick Info

Need to know just how many invoices are unpaid or more than 30 days past due? Did you remember to bill all of the time and expenses for that project you just completed? With QuickBooks, you can easily find out the information you need.

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New Tax Changes May Affect Your Retirement Savings

New Tax Changes May Affect Your Retirement Savings

President Trump signed into law in December a bill to keep the federal government funded. As part of that bill, several new tax changes were enacted, the most relevant of which include changes to some retirement plan rules. The new “SECURE” act is designed to encourage retirement savings and to simplify administrative requirements for small businesses.

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8 Year-end Tax Tips for Small Businesses

8 Year-end Tax Tips for Small Businesses

With December 31 only a few weeks away, now is your last opportunity to make some smart moves to benefit your April tax bill. Keep in mind that your tax rate for 2019 and 2020 will essentially be the same (with modest adjustments for inflation) under the Tax Cuts and Jobs Act (TCJA).

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2020 Tax Season Updates Announced

2020 Tax Season Updates Announced

Over the last couple weeks, the IRS has announced a few updates that will apply to the 2020 tax-filing season (for returns processed in 2021). Keep these changes in mind while planning your finances.

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A Matter of Choice: Understanding Georgia’s QEE Tax Credit

A Matter of Choice: Understanding Georgia’s QEE Tax Credit

If you are passionate about school choice, you’ll want to know about Georgia’s Qualified Education Expense (QEE) Tax Credit. Launched in 2008, the program allows individuals, married couples and businesses to claim a dollar-for-dollar tax credit on their Georgia income taxes for donations to qualified preK – 12 schools.

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QuickBooks Tip #1: Customize Your Settings

QuickBooks Tip #1: Customize Your Settings

As the most popular accounting software around, QuickBooks is designed to be used by almost any type of business. Whether you’re just getting started or have been using QuickBooks for years, take a little time to set (or update) your company’s settings.

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Tax Planning vs. Tax Prep — There Is a Difference

Tax Planning vs. Tax Prep — There Is a Difference

Tax planning is not the same as tax preparation. Tax prep is the process of preparing and filing your tax return each year. Tax planning, on the other hand, is a year-round process designed to help you make smart, tax-advantaged decisions that impact your personal and business finances.

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