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Blog Articles & Video January 2022

Don’t Panic! 3 Ways to Fix QuickBooks Error OLSU 1013

QuickBooks online banking allows QuickBooks Desktop users to connect with their financial institutions to view and download the latest transactions and to use the banking services. While using the online banking in QuickBooks, you might encounter various errors and this happens if the banking is not set up properly in

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How the Pandemic Affected Ways of Raising Capital

Raising capital for a business isn’t easy in the best of times. Add in a pandemic, and you have… An exciting and innovative atmosphere for raising capital for a small business? It seems counterintuitive, and it hasn’t been true across all industries, but a number of businesses have been able to

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How to Create a Mentoring Program in Your Firm

Mentoring programs in the workplace have a variety of benefits, from employee retention and career planning to workplace inclusivity and leadership development. While a successful mentorship program can benefit your organization, creating and successfully implementing one can be challenging. On the bright side, there is a tested path to creating

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Auditors urged to keep an eye on inflation risks

With inflation reaching a 40-year high, consumers are feeling its effects, and internal auditors should probably start keeping tabs on inflation risks as well. Richard Chambers, former president and CEO of the Institute of Internal Auditors and now a senior internal audit advisor at the software company AuditBoard, is urging

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An Exclusive Guide Addressing QuickBooks Error PS058

QuickBooks is an amalgamation of technology and numbers in the right away. The application assists its user with the best-in-market tools and features. However, it continues to encounter minor to major loopholes in its coding that eventually the end-users have to go through. This blog focuses on one such issue

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Deducting State and Local Taxes for 2021 and 2022

For this tax filing season, the limitations on deducting state and local taxes result in many more taxpayers using the standard deduction. The standard deduction is as follows in 2021 and 2022: Filing Status Standard Deduction 2021 Standard Deduction 2022 Single; Married Filed Seperately $12,550 $12,950 Married Filing Jointly &

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How to Fix QuickBooks Error 80040408 – Could not start QuickBooks?

QuickBooks Error 80040408 is an outcome of improper settings and configuration of QuickBooks in a multi-user environment. The error message shows up as Begin Session Error Code: 80040408 could not start QuickBooks. Troubleshooting this error is a tricky process, and a user might fail to resolve this issue even after

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Converting a Personal Home to a Rental Property

I recently received a query from a couple that I’ll call David and Ruth Anderson. They wed two years ago, own a home in an area where sales prices have soared, can easily handle real estate taxes and monthly mortgage payments and have a combined income, mostly from salaries, of

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Wiley releases J.K. Lasser tax guides for 2022

John Wiley & Sons has updated its annual J.K. Lasser series of tax guides with information for preparing tax returns this year. The guides explain the impact of some of the recent changes to tax laws like the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA).

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