For this tax filing season, the limitations on deducting state and local taxes result in many more taxpayers using the standard deduction. The standard deduction is as follows in 2021 and 2022: Filing Status Standard Deduction 2021 Standard Deduction 2022 Single; Married Filed Seperately $12,550 $12,950 Married Filing Jointly &
QuickBooks online banking allows you to track income/expenses, create/send invoices, pay bills, and download credit card and bank account transactions with ease. Sometimes users might face issues connecting with the bank, and different types of errors can show up on the user’s screen. One of such errors is QuickBooks error
The Florida Institute of CPAs held an annual in-person event Wednesday to meet one on one with lawmakers in the state capitol in Tallahassee. The event, dubbed “Hike the Hill,” follows on the heels of a virtual meeting last week (see story). At both events, FICPA advocated on behalf of
QuickBooks Error 80040408 is an outcome of improper settings and configuration of QuickBooks in a multi-user environment. The error message shows up as Begin Session Error Code: 80040408 could not start QuickBooks. Troubleshooting this error is a tricky process, and a user might fail to resolve this issue even after
I recently received a query from a couple that I’ll call David and Ruth Anderson. They wed two years ago, own a home in an area where sales prices have soared, can easily handle real estate taxes and monthly mortgage payments and have a combined income, mostly from salaries, of
Delegating, outsourcing and automating tasks can increase your capacity at work. Whether your plate is too full or you’re looking toward starting new projects, these strategies can help make room on your plate. But there’s one vital key you need to have in place before you can start: process documentation. If your
The pandemic-era housing boom has made real estate an enticing investment prospect for many people. Accountants, in their role as investment advisors and financial planners, are tasked with advising their clients whether to enter this market. Prudential concerns center on the sustainability of the housing boom and the risk of
It can be difficult for accountants to transition from this necessary work to having deeper financial conversations, so here is the framework I used to gain the confidence I needed to lean more into advisory work. In my firm, we do data entry and review at two separate times. This
QuickBooks is a blessing for a large percentage of the population, as it provides premium level accounting features to its users. Nevertheless, it has an infamous set of operators who are troubled with the occurrence of uncommon technical faults such as – QuickBooks Error 3003. This error usually comes up
QuickBooks encounters errors while opening the company file that is quite common while running the QuickBooks Desktop application. QuickBooks requires permission to access files located inside the QuickBooks folder for smooth operations. When a user does not have proper read/write or delete permission, QuickBooks error 80070057 is triggered in QuickBooks