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Blog Articles & Video December 2021

Biden agenda risks delay into 2022

Senate Democrats are preparing for the possibility that passage of President Joe Biden’s roughly $2 trillion economic agenda will get delayed until the new year, as negotiations falter between the White House and West Virginia Senator Joe Manchin, according to people familiar with the negotiations. Manchin has repeatedly raised concerns

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Why CPAs Can Perform and Outsource Payroll

With advancements in technology and accountant-specific services, having a payroll service model for your firm has become a no-brainer. It’s no longer, “Do I offer payroll or not?” It’s, “Why not both?” If you’ve thought, “Payroll isn’t really for my firm,” you may have been right…in the past. But that’s

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Treasury plans first analysis of tax benefits by race

The U.S. Treasury is launching an effort to examine the distribution of federal benefits and taxation by race, starting with a look at the pandemic relief payments that were due to most American households. Deputy Treasury Secretary Wally Adeyemo, along with Lily Batchelder, the Treasury’s assistant secretary for tax policy,

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How to Help Businesses Prepare for Uncertainty

Accounting and finance professionals have an opportunity to focus their attention on helping small businesses move forward in the face of the lingering effects of the COVID-19 pandemic. Because accounting and finance professionals are by nature excellent at analysis and innovation, they can focus on cash flow management, supply chain

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The Best Ever Solution to QuickBooks Error 12031

QuickBooks error 12031 usually appears while updating QuickBooks Desktop and its added features. There are several update errors that a user might encounter while running QuickBooks update, where 120XX series of error appears as a result of internet connectivity issues. If QuickBooks experience difficulties connecting to the internet, it not

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A Comprehensive Guide to Setup Email In QuickBooks

If you are a frequent QuickBooks user, you might know how difficult it is to send invoices and financial reports to a colleague or a client. A general perception is to print the same, scan it, and send it as an e-mail attachment to the concerned party. However, for those

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Biden aims to slash ‘time tax’ for Social Security, storm aid

President Joe Biden signed an executive order Monday that seeks to reduce bureaucratic hurdles for Americans seeking government benefits such as Social Security, student loan relief and disaster aid. The order — targeting 36 federal services across multiple agencies and department — also calls for passport renewals to be digitized

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Do Clients Qualify Shareholders for Section 1202?

Section 1202 can exclude long-term capital gain on the sale (or sales) of stock in a C corporation.  It is one of the current incentives for operating as a C corporation.   There are different rules depending on when the “qualified small business stock” was acquired. The stock needs to be

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How to Fix QuickBooks Desktop Writing to File Error 1310

If you have run into an error, while installing or updating QuickBooks Desktop to a later version, then it might be the Error 1310 that you have encountered. Error 1310 is one of the most common errors that a QuickBooks Desktop user face while applying an update or while installing

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