QuickBooks is an Intuit developed accounting software that is capable of handling the financial data of small to mid-sized businesses. To cater to the needs of users and make the application more user-friendly, it has multiple features. But, as similar to other software, certain errors and bugs might appear hampering
I devoted a previous column to two changes on IRS Form 1040. The first one: changes to educator expenses (line 10 of Schedule 1, Additional Income and Adjustments to Income). The other one: expenses incurred by volunteer workers (line 11 of Schedule A, Itemized Deductions). Modest incentives for modest contributions.
A few years ago, I spoke to the managing partner of a midsize accounting firm who I met at an accounting group conference. “So, what is the big future-readiness challenge that you’re facing, John?” I asked. His answer: “As a midsize firm, we don’t have time to think about future
If you are unable to use QuickBooks because of some issues with QBDBMgrN (QuickBooks Database Server Manager) service then you are not alone, several QuickBooks users face this issue while running QuickBooks on Windows operating systems and QB support forums are flooded with user queries like “QBDBMgrN not running on
In addition to addressing immediate needs, the American Rescue Plan intends to bolster future economic growth. It signals a shift away from stopgap measures and toward long-term planning and policy changes, a move states are starting to make, too. Former President Trump marked the end of his presidency by signing
On March 12, 2021, the Small Business Administration (SBA) announced that borrowers have until 2022 to meet their obligations under the COVID-19 Economic Injury Disaster Loan (EIDL) program. Borrowers will resume their regular payment schedule with the payment immediately preceding March 31, 2022, unless the borrower voluntarily continues to make
This week, payroll and HR provider OnPay launched The Ledger, a new resource center to help accountants and bookkeepers better serve their small business clients. OnPay’s internal research shows that more than 60 percent of small business owners consider their accountant to be their most trusted business advisor. To make
My relationship with him is the most positive one I’ve ever had with a man over money.
With the recent explosion of remote work due to the COVID-19 pandemic, qualified accountants have more opportunities than ever before. Remote work allows organizations to tap into talent across the nation. It’s broadened candidate pools and increased market competition for top talent. This allows highly qualified candidates to secure higher
At some point, your small business clients may find that the entity type they chose initially may no longer serve them well. As companies grow and evolve, their needs and priorities may change. How can you help your clients assess their situation and determine whether their current business structure is