The data collected in the QuickBooks company file is precious as it stores all the information a business needs to improve its productiveness. Losing QuickBooks data can be a terrible disaster if there is no backup present. No matter how the data got damaged, you are always capable of repairing
We live in a world of self-driving cars, where access to mobile banking is ubiquitous and space tourism is on the horizon. Yet, accounting processes are shockingly old-fashioned. According to recent research by Gartner, 50 percent of B2B invoices will be processed and paid without manual intervention by 2025. As a result, large
For businesses that rely on QuickBooks to keep things up and running, errors in the accounting application can hinder productiveness and lead to financial losses. When you try to open the company file located on the server in QuickBooks, you may encounter a generic QuickBooks error with error codes: (-6176,
Thomson Reuters has launched the Indirect Tax (IDT) Determination Anywhere platform, a new patent-pending, cloud-based tax technology platform that sits on top of existing infrastructure – private and public cloud or on-premises solutions –enabling accurate and secure tax calculations. Determination Anywhere’s proximity to transaction systems offers tax professionals the power
Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers. Tsunamis of change John R. Dundun II EA (http://johnrdundon.com/): Favorite headline of the week: “Partnerships and Income Tax – Staring into the Abyss of IRS Form 1065.” Mauled Again (http://mauledagain.blogspot.com/: Throughout most of
Let’s investigate QuickBooks error H505 with this article. QuickBooks is a robust accounting software satisfying the needs of numerous businesses and freelance individuals. Among various features that QuickBooks offer, one is the QuickBooks Multi-User Mode where multiple users can work on the same company file from different workstations in a
The Internal Revenue Service introduced an online tool Monday to help U.S. withholding agents comply with their reporting and withholding responsibilities for IRS Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding). The tool does a quality review of data before it’s submitted to the IRS. The IRS noted,
Many clients go on cruise control after Thanksgiving. As the holidays approach, their minds are elsewhere, and they put off making financial decisions. They may say, “Call me in the New Year.” As an accounting professional, you know that December 31 is one of several hard-stop deadlines in your business.
Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade. Grants to charities around the world grew 27% in 2020 to $34.67 billion, according to an annual report released Tuesday by the National Philanthropic Trust. Contributions to
Cloud accounting software developer Xero Ltd. has acquired inventory management provider Locate Inventory for $19 million. Xero expects to use Locate’s talent, expertise and inventory-accounting workflows to enhance its inventory management solution, which it plans to launch first in the U.S., and then around the world. Its goal is to
