When is a vacation rental not classified as residential real estate? When it’s a short-term rental leased out for less than 30 days at a time, it’s recognized as nonresidential real property and therefore subject to a 39-year depreciation period, not residential real estate’s 27.5-year depreciation period. But since Sec. 179(b)(3) excludes property
Printing errors in QuickBooks are quite common, and every once in a while, QuickBooks users come through one of these errors. One such error that frustrates users arises while printing PDF files from QuickBooks. Whenever a user tries to print PDF, QuickBooks throws an error message “Component Required for Pdf
Undoubtedly, QuickBooks is the best and the most commonly used accounting software worldwide. However, it requires numerous background services and processes to function efficiently. One of the critical QuickBooks services is QBCFMonitorService. This is referred to as QuickBooks Company File Monitoring Service, executed from the qbcfmonitorservice.exe file. Usually, you can
Although all sales transactions are presumed taxable in states with a sales tax (unless there’s a specific exemption or exclusion), most states haven’t yet clarified which sales tax laws apply to sales made in the metaverse. When will they start? And how will they go about it? David Lingerfelt, senior
What does your firm spend on technology? Do you get the return on investment you expect? Is your technology up to date? Are you focused on maintenance or innovation? The answers to these questions are often subjective in firms with multiple partners. In other words, different people have different value
If you are using QuickBooks in a multi-user environment, then more than one user can access the company file at the same time if they have the necessary file access rights. An error that you might face while opening the company file is “QuickBooks Error 6073 and 99001,” where you
If you’re just joining in, I recommend that you read the first part in this series. There, I summarize the Section 1244 rules and explain how these rules can affect investors. This article, part two, will focus on additional aspects of the rules. In the year that 1244 shares are
As the saying goes, “There is no friend like an old friend.” The same may be true in your professional life, as long-standing client relationships are often the most satisfying. They reinforce what it means to truly be a professional, guiding and advising clients across the arc of their working
As like other Windows and Mac applications, QuickBooks also requires regular updates for proper functioning and removal of common bugs from the Desktop app. A user can manually update the application by downloading the updates file or by setting up automatic updates in the application. However, the process is simple,
QuickBooks Company File is probably the most essential part of the QB applications in your system. It contains all the relevant data of your organization and helps running mostly all of the QuickBooks operations. However, company files those are 5-10 years older or more face issues owing to their enormous
