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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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Optimize Your Capacity with Process Documentation

Delegating, outsourcing and automating tasks can increase your capacity at work. Whether your plate is too full or you’re looking toward starting new projects, these strategies can help make room on your plate. But there’s one vital key you need to have in place before you can start: process documentation.  If your

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Is Real Estate a Wise Investment in 2022?

The pandemic-era housing boom has made real estate an enticing investment prospect for many people. Accountants, in their role as investment advisors and financial planners, are tasked with advising their clients whether to enter this market. Prudential concerns center on the sustainability of the housing boom and the risk of

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IRS Income Tax Filing Season 2022 is Here

The IRS has announced that the filing season for federal individual income tax returns for 2021 kicks off on January 24 (IR-2022-08, 1/10/22). The IRS already started accepting e-filed business returns on January 7. With updated programming, eligible taxpayers can claim the proper amount of the Child Tax Credit (CTC) after

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Reviewing the Concepts around QuickBooks Error 3003

QuickBooks is a blessing for a large percentage of the population, as it provides premium level accounting features to its users. Nevertheless, it has an infamous set of operators who are troubled with the occurrence of uncommon technical faults such as – QuickBooks Error 3003. This error usually comes up

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Quick Troubleshooting Guide to Fix QuickBooks Error 80070057

QuickBooks encounters errors while opening the company file that is quite common while running the QuickBooks Desktop application. QuickBooks requires permission to access files located inside the QuickBooks folder for smooth operations. When a user does not have proper read/write or delete permission, QuickBooks error 80070057 is triggered in QuickBooks

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