Find it easier to do Joe’s job yourself? Just as soon do a task than waste time explaining it? Realize that the only chores that get done correctly are the ones you do? Here are 7 ways to motivate the unmotivated and stop doing subordinates’ jobs for them: Hire the right person. Take the time [...]
Caution on IRS Notices
May 6, 2012 By Leave a Comment
The IRS has two kinds of notices for incorrect business and personal tax returns: The traditional notice of deficiency gives a recipient 90 days to petition for a review before the deficiency is assessed. The math-error notice gives a recipient only 60 days to ask for an abatement or review. Math-error notices should be only for arithmetical or clerical [...]
No More 941M Filing
May 2, 2012 By Leave a Comment
4th Quarter 2011 was the final quarter the IRS will process monthly 941M returns. Starting with 1st Quarter 2012, all employers must file quarterly 941s. Formerly, the monthly returns often were required of employers who fell behind on their employment tax deposits and reached agreement with the IRS. [sBSE-05-1211-09] A note from Your Bookkeeper: 941′s [...]
Common Bookkeeping and Accounting Q&A – April 2012
April 28, 2012 By 1 Comment
When does pay for travel time affect overtime pay? Travel time that is part of work activity – i.e., travel from one job site to another- is work time included in the base pay used to compute overtime pay. For overnights away, include as work time the employee’s regularly scheduled work hours at his or [...]
Preventing Employee Fraud
March 7, 2012 By Leave a Comment
I’ve worked with a lot of companies who have experienced employee theft. Most, if not all, of the time the crime is committed by their “so called” in-house bookkeeper. Someone they hired as an employee to maintain their books with only administrative experience. A lot of business owners try to save money in paying administrative [...]
11 Skills That Differentiate A Bookkeeper From An Admin
March 6, 2012 By Leave a Comment
This can be hard for some owners to understand. Below are 11 Skills that differentiate an excellent Bookkeeper from Administrative staff: We love, live, and breathe numbers (they come easy to us) We are accounting software savvy, therefore, do not need training. We keep up with IRS laws and requirements. We know what the CPA’s/Enrolled [...]
How to Get More Out Of QuickBooks
March 5, 2012 By Leave a Comment
For those of you who prefer to maintain your own QuickBooks file. You may find these often-overlooked features useful: Repetitive transactions. QB can automatically record recurring transactions, such as making payments either electronically or on paper (to print a check, click the File menu’s send document or print document), recurring entries and recording depreciation. Access [...]
IRS Will Request QuickBooks (and other electronic) Files During An Audit
January 24, 2012 By 1 Comment
“The IRS has initiated a new examination program for small businesses in the past year. This is affecting all examinations of small businesses if they use any electronic accounting software.” As a QuickBooks®consultant, I am here to help you understand the issues and assist the small business client in preparing for the examination. ‘The typical [audit] [...]
Avoid 3 Common Payroll Mistakes
January 21, 2012 By 1 Comment
There are 3 common payroll mistakes small companies make. Each one is easy to avoid if you are aware of it. 1. Refusing a W-4 even if you happen to know it is inaccurate. Do not question a W-4 that has not been altered unless the employee tells you that it is false. But, you can advise someone [...]
Price Increase for Intuit Direct Deposit; 1099s, W2s, etc.
January 20, 2012 By Leave a Comment
Direct Deposit If you process payroll using QuickBooks and are signed up to Direct Deposit, the fee has increased to $1.45 per paycheck. The fee is automatically deducted from your bank account and recorded in QuickBooks within the payroll tax liabilities transaction. Check out our Payroll Services and contact us for pricing. 1099 & W2 [...]
