We do not question that QuickBooks has made its niche into the accounting software business. But every other software can lead to certain errors. The QuickBooks Unrecoverable Error hampers the user working and can come out of the blue. The error can lead the user all caught up, and often,
“Do you owe money to credit card companies?” You’ve likely seen the advertisements on TV promising to reduce what you owe to the credit card company. Some of these ads even suggest there’s a new government program to bail people out. However, there isn’t. If a client with debt asks for
The numbers are in: Among other changes, the IRS has announced that the limit on 401(k) plan deferrals for 2022 is increasing by the hefty amount of $1,000. But the limits on contributions to IRAs are remaining the same (IR-2021-216, 11/4/21). Here are the details: The contribution limit for employees who
If you’re just joining us, go back to part one for an overview of medical-expense deductions for people with disabilities and how to advise clients who pay for medically mandated home improvements or the installation of accessible equipment or facilities in their home. Part two will focus on deductibility of
This article is a guide to three significant attributes that can help CPAs improve audit quality and minimize exposure to professional liability. For a bit of background, the auditing and accounting profession has focused on reducing exposure to professional liability since the profession’s beginning. Errors and omissions insurers offer guidance
Intuit ProConnect has released The Path to Advisory, a comprehensive, free online guide available through the Intuit ProConnect Tax Pro Center to help firms lead with planning and advisory services. The guide contains collective knowledge from tax professionals who help lead and shape positive change in the profession to help
The Hosting feature in QuickBooks allows other devices, known as workstations, to access and operate the files that are stored on the host computer, which holds the company file. But, in some cases, if this feature is disabled or incorrectly set up it results in the “QuickBooks Hosting Mode is
The pledge would transform the international financial system, but critics say it falls short on fossil fuels.
Clients that are Social Security recipients are set to see significantly higher payments in 2022, but the downside to this news is that the increase is caused by a higher cost of living. For many recipients, this can translate into more than $1,000 in annual increase. This increase would appear to benefit
The public accounting industry is notorious for long hours, late nights, and an overwhelming amount of stress. CPAs get stuck in their offices trying to gather information from clients and put last year’s numbers on last year’s forms. Especially with all the changes to taxes and financials during COVID-19, CPAs