The new capabilities in CCH Client Collaboration were developed specifically to save firms and clients time during a busy tax season and to reduce overall tax filing season compression. They include several new features designed to help decrease the time clients spend collecting and delivering tax documentation to their accountant, paying invoices
Real estate investors have much to consider when deciding how to structure their businesses. From legal considerations to tax implications, these entrepreneurs face some unique challenges. In this article, I’ll share some insights to help you help your clients make an informed decision about which business entity will serve their
This series of frequently asked questions (FAQs) provide guidelines for tax practitioners to consider when preparing a written document retention policy for their firm. Additional guidance is provided to help practitioners advise their clients on taxpayer record retention. Document retention policies for firm operations and client records Should firms maintain
Despite the tax law change, the key principles remain relevant today. In the new case, a Maryland taxpayer had an insurance consulting business. He claimed deductions for a laptop he purportedly used at home for business purposes. The IRS denied the deductions and the case, which also involved contested gambling
I understand that there are firms out there that haven’t yet embraced apps or the cloud quite like I already have. So, I want to share with you my proven steps for evaluating technology in order to drive efficiency in my firm, so you can do so in yours. Write Out Your Process
It is not unusual to find a miscalculation or error in scheduled payroll tax liabilities in QuickBooks. Even a minor mistake while setting up payroll taxes can result in huge discrepancies when you finally run the payroll for your employees. These miscalculations and faults in payroll setup can cause errors
Today in this article, we are going to discuss QuickBooks Error 15106, which is one of the most common 15XXX series of errors that affects QuickBooks. Error 15106 in QuickBooks mainly affects the update function and every time a user tries to perform an update of QuickBooks or payroll, they
Stop paying accountants when you can just use QuickBooks. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. January 15, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase
Payroll is an essential feature of QuickBooks accounting software and irrespective of the size and nature of a business, it ensures smooth and uninterrupted payroll processing. Unfortunately, payroll is also more vulnerable to errors than other QuickBooks features and, even a minor mistake can induce errors in different payroll operations.
If you are a QuickBooks user who manages online banking from within the QuickBooks Desktop application then sooner or later you will require to merge vendors in QuickBooks. The need to merge multiple vendors in QuickBooks evolves because of duplicate entries in the vendors list. Duplicate entries in the vendors
