Category Archives for Year End

1099’s and QuickBooks Online

1099's

1099’s and QuickBooks Online (QBO).  Pretty easy to use.  You can set up tracking the first time you pay your subcontractor. As you add the vendor, click the checkmark “to track payments for” and enter their Tax ID. For most independent contractors, this is probably their social security number. If you don’t do this at […]

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Double Revenue – How to correct in QBO

double revenue

Double Revenue?  How is this possible?  You may be noticing this today as you review your year-end records in QuickBooks Online (QBO).  While it would be wonderful to have double revenue with single expenses.  It would not be wonderful to pay taxes on monies not earned.  Double Revenue:  How to spot the error….My first “red flag” […]

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H app y New Year! My Favorite Apps…

H app Y

H app Y New Year everyone.  Today’s post is all about my favorite Apps.  Now, there are many to choose from.  Just click on apps.com and see.  This is the main source for all apps QuickBooks Online (QBO).  These have been vetted by Intuit and are safe to use in the program.  A very important […]

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Year-End tips for QuickBooks Online

year-end tips

Here are my year-end tips to help you save time and save money going forward for your business.  Yes, I am back singing the praises of my favorite app, Hubdoc.  But it truly is a real time-saver.   If you hate data entry, Hubdoc will do this for you.  In the video, I demonstrate two […]

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Christmas Bonus Time of Year

christmas bonus

It’s beginning to look a lot like Christmas bonus time of year!  As a business owner, this is the time of year to be looking at your records.  Minimally, the Profit and Loss report.  Most of us don’t need the records to know when the year was good or bad.   You just know it. […]

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Tax Season Best Practices For a Smoother 2017

tax man

Whew!  2016 Tax Season is in the books…well for most of us.   Every year there are people/businesses who file extensions.  Every year I hear over and over again, “What can I do to make next tax season seamless?”  Well here are my best practices: 1.  Review:  Start by Reviewing your 2016 Tax return.  Learn how […]

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Adding your Accountant as a User to QuickBooks Online

So, how do I add my accountant as a user on my QuickBooks Online file?  It is relatively easy to do this.  One of my customer’s had a problem. Her CPA never received the invite to view her QuickBooks Online file.  The CPA’s firewall blocked it as spam.  We tried sending it to his personal gmail […]

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Electronically Filing W2’s and W3’s

Did you know there is a website to electronically file your W2’s and W3’s?      It is on the www.socialsecurity.gov site and it is called Business Services Online Suite.You have to sign up for the service and they will provide you with a special user name and then you create the password. It is […]

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