The U.S. Department of Labor issued a final rule Thursday that aims to set reasonable limits on the amount of time that tipped employees, such as waiters and waitresses, can spend in non-tipped activities when the employer receives a tip credit. The rule clarifies that an employer can only take
Just joining us? To better understand part three, go to parts one and two for their discussions of basic rules on deductions for casualty losses available to property owner Hester (Internal Revenue Code Section 165). To qualify personal-use property for write-offs, Hester has to satisfy two stipulations. First, her losses
Errors using QuickBooks Desktop are unpredictable as these errors are caused by faults or bugs in hardware or software components of Windows and QuickBooks itself. You might see an error 6000 83 while accessing or restoring the QuickBooks Company file, which is not an unusual but prevalent error in QuickBooks
In rare circumstances, you might get QuickBooks Error PS060 that displays an error message “Current Enhanced Payroll Service is Unavailable”. QuickBooks Payroll Error PS060 not only affects payroll updates but also obstructs other payroll activities like payroll tax calculation and paycheck creation. This error is commonly mistaken with other server
Error PS036 is a common error faced by QuickBooks Payroll users. This error occurs in QuickBooks payroll very often as numerous reasons can trigger this error in the application, once you encounter QuickBooks Desktop error PS 036 it interrupts the update of your payroll to the latest tax table and
Marketplace facilitators in California and Texas will soon be responsible for other fees on top of remitting sales tax on third-party and direct sales. On and after July 1, 2022, a marketplace facilitator (called a “marketplace provider” in Texas) that processes sales of or payments for lead-acid batteries in Texas must
Unlike other accounting software, Sage allows users to keep the data file on the cloud to work on the business data simultaneously. This feature helps improve the organization’s productivity and provides flexibility to work on business data as the data can be accessed from any location. We cannot also deny
Being an accountant or CPA in private practice has just become too hard for many folks and if you are one of them, I can completely empathize with you, because I have been there, too. There was a time in my career when I was in a really toxic business
Many small to mid-sized CPA firms are thinking about transitioning to consulting to stay relevant and profitable amidst the increasing changes to the industry. With audit and accounting margins decreasing due to competition and advances in technology threatening the industry, many firms are turning to management consulting services for an additional source
The Financial Accounting Standards Board released an accounting standards update Monday to help nonpublic companies that provide equity-classified share-based awards to executives. While stock options are common at public companies, many private businesses also issue equity-classified share-based awards to compensate both their employees and non-employees. When determining the value of