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Blog Articles & Video November 2021

Structuring Business Entities with Shared Expenses

It’s increasingly important for entrepreneurs to understand how a company with multiple entities should handle shared expenses, and how a company with multiple entities should be legally structured to avoid issues with shared expenses in the future. Every company has unique circumstances, so it’s critical for business owners to get professional accounting

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Structuring Business Entities with Shared Expenses

It’s increasingly important for entrepreneurs to understand how a company with multiple entities should handle shared expenses, and how a company with multiple entities should be legally structured to avoid issues with shared expenses in the future. Every company has unique circumstances, so it’s critical for business owners to get professional accounting

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Why the Nanny Tax Threshold Matters

The U.S. Social Security Administration (SSA) recently increased the domestic employee coverage threshold to $2,400 for 2022, up from $2,300 in 2021, marking the third consecutive year the threshold has been increased. The amount is set each year by the SSA, and it serves as a good reminder to check in with your clients who have

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Tax Fraud Blotter: Waffles with a side of sham

Too much for the man; just sign here; candid con; and other highlights of recent tax cases. Atlanta: Shanga A. Hankerson, 45, former owner of the Gladys Knight’s Chicken and Waffles restaurant in Atlanta and son of the music legend, has been sentenced to two years in prison for willful

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How to Resolve QuickBooks Error 193:0xc1?

One of the QuickBooks multi-user mode errors that users face while opening and running QuickBooks Desktop application is QuickBooks Error 193:0xc1 that affect not only QuickBooks but also disrupts other applications like Windows installer, MySQL, and Windows update. Other than opening QuickBooks, this error also arises while running the QuickBooks

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Unpaid Employment Taxes Hit Hospital Admin Hard

The result in a new Tax Court case of unpaid employment taxes, Cashaw, TC Memo 2021-123, 10/27/21, was especially harsh due to the unenviable position of the taxpayer. Background: If payroll taxes aren’t remitted to the IRS in time, the “responsible party” may be held personally liable for the full

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ApprovalMax Unveils Advanced Budget Control

ApprovalMax, an approval automation app for Xero and QuickBooks Online, has introduced a new plan for organizations that require a higher level of control and have special policies for budget control and supplier vetting in place. It also significantly increases the efficiency of approval processes by automating certain parts and

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IRSAC: Full funding for IRS a smart ‘first step’

The IRS deserves a raise. That’s a primary point in the 2021 Annual Report from the IRS Advisory Council. “The nation’s expectations for the IRS and duties imposed by Congress cannot be effectively and efficiently met without a significant investment in IRS staffing and training, and secure, flexible, and modern

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How to Fix QuickBooks Unexpected Error Code C = 184

If you are a QuickBooks Desktop user and encounters QuickBooks Error C 184 in the Desktop application while accessing your company data file or generating a report, then you can resolve this error issue by following the recommended solution in the article. This error appears when .ND (Network Data) files

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QuickBooks Error 1334 | Here’s How to Get Rid of it

QuickBooks users often experience errors while updating, repairing, installing, or launching the QuickBooks Desktop application on Windows operating systems. However, the software is quite simple to install and repair but missing or damaged Windows components causes the software to encounter errors. One such error is QuickBooks error 1334 that gives

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