As a business owner, one of your numerous responsibilities is to issue 1099’s to any eligible payee prior to January 31st of the following year. On the tax return you file, there is even a new question you’re required to … read more
A growing concern exists among tax practitioners and business owners regarding the IRS agent’s ability to request electronic records during an IRS audit. The more electronic details provided an agent, the more opportunities exist for further investigation. While further investigation … read more
I have a client that has been using the desktop version of QuickBooks since 2000 and is thinking about making a switch to QuickBooks Online. They asked me how the online version compares to the desktop version. The truth was … read more
The Undeposited Funds account is an account that’s automatically created by QuickBooks to record income received by a company that is not immediately deposited into a bank account. Therefore, it acts as a holding account, similar to holding money in … read more
Well, it all depends on your business or individual needs. First, do you work on a MAC or a PC? There is a special version of Quickbooks for the MAC, but the majority of clients will choose between the different … read more
In the first part of this series, I discussed how to create a backup copy of Quickbooks. The second most common method of transferring a file to your accountant is through an accountant’s copy of the Quickbooks file. This method … read more
Quickbooks is the primary accounting software used by most small businesses, and is a wonderful tool for getting your information ready for tax preparation each year. Some small business owners find Quickbooks very easy to use, while others struggle with … read more
There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.
Before posting a comment on a blog post please be aware that we do not give free tax advice to non-clients by email, comment response, or phone. Thank you!
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- IRS Regulations Proposed for ABLE Act
- The Tax Benefits of Hiring Your Kids
- I Received a “B Notice” from the IRS – What Do I Do?
- I have a Net Operating Loss, Do I Need to Worry about AMT?
- Tax Deduction for Hosting a Foreign Student
- If You Move, Let the IRS Know
- Traveling for Work – Deductible Business Expenses