Archive for February, 2012

How Can You Track Use Tax in QuickBooks?

Wednesday, February 29th, 2012

Now that you have filed for use tax amnesty and are all set up with an account, how are you going to track it daily going forward? If you use QuickBooks, the answer is as simple as 1-2-3. (more…)

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If Something Happens to You, What Will Happen to Your Finances?

Friday, February 24th, 2012

One day, I received a call from a client whose husband had been hospitalized for a couple of weeks.  He had mentioned that he thought a tax payment was due that day.  She did not know how to make that payment, or if it needed to be paid.  We worked things through, but learned a valuable lesson: she realized she doesn’t know much about the family finances. (more…)

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Is the Price Right?

Thursday, February 23rd, 2012

Could you be charging more for your products or services? Every smart business owner is continually analyzing people costs and product and market profitability.  (more…)

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How do you follow IRS regulations when gifting a business interest?

Friday, February 17th, 2012

Lately we’ve been surprised by how many people are thinking about filing a gift tax return without a business valuation. We’ve had a few conversations with people who are under the impression that they don’t need to attach a valuation of their business interest to the gift tax return.

Before you file your return without a valuatio (more…)

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When Can You Expect to Receive Your Tax Refund?

Thursday, February 16th, 2012

If you’re expecting a federal tax refund this year, it could be delayed. The agency reports that new anti-fraud measures could slow the refund process by approximately one week. (more…)

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