Will You Claim Dependents on Your 2022 Tax Return?
It seems like a simple question, but the IRS’ definition of “dependent” is broader than you might think. The IRS Form 1040 starts with the easy questions. What’s your...
How to Protect Yourself from Tax Identity Theft
It can happen online or offline. Are you taking steps to protect your identity? As you work on your 2021 income tax returns, the IRS is still catching up...
Starting a Side Gig in 2022? Your New Tax Obligations
It’s not just self-employed individuals who must pay estimated taxes. Here’s what you need to know. W-2 income tax withholding isn’t perfect. You’ve probably had years when you owed...
17 Things You Should See On Your 2021 Tax Return
Some of them are new and others are extensions of previous changes. Here’s a look at what to expect. The Tax Cuts and Jobs Act of 2017 threw a...
Are You Using QuickBooks’ Custom Fields? Should You Be?
QuickBooks was designed to be used by numerous types of small businesses. Custom fields help you tailor it to meet your own needs. One of the reasons that QuickBooks...
Don’t Wait Until December: Year-End Tax Actions You Should Take Now
Unless you’ve been planning for 2021 taxes all year, it’s time to take actions that can reduce your IRS obligation. We’ve talked before about the importance of planning for...
How Do You Connect to Your Banks in QuickBooks?
Importing your bank transactions into QuickBooks saves time, improves accuracy, and makes you a better money manager. It’s been a long time since your only options for learning about...
How To Deal With a Past-Due Tax Return
“Better late than never” applies when it comes to filing income tax returns. Here’s what you should know. Maybe you didn‘t get your 1040 done in time in a...
Ready to Reconcile in QuickBooks? How to Prepare
It may be one of your least favorite accounting tasks. But account reconciliation is easier if you get ready for it. There’s no question that account reconciliation is a...
Are You Tracking Absolutely All of Your Tax-Related Business Expenses?
If you’re self-employed, understanding what’s deductible and recording all of your business expenses should be priorities. When you work for yourself, accurate accounting is critical. The IRS pays special...