If the average small business owner looked at a copy of a balance sheet or an income statement for their business, they would probably be very confused about the ‘numbers on the page’. Unfortunately, many small business owners starting a business have a passion for...
If you have found yourself in the situation that you owe money to the IRS for taxes, you do have some options to get it paid. You can pay by sending a check, but you can also pay with IRS Direct Pay, or by debit or credit card. If none of these options work for you,...
When I was a little girl we would celebrate May Day in school by weaving baskets out of colorful construction paper strips. Then we would take the baskets home, fill them with goodies and notes, set them at the door of a friend, ring the doorbell and run as fast as we...
To a non-gardener, Arbor Day may be a strange day to observe. Until I researched a little bit I had no idea what it is for or why. First observed in Nebraska in 1874, Arbor Day became a nation-wide tradition in 1882 as a way to celebrate trees – not only for their...
I think it is safe to say that spring has sprung and if you are anything like me, that means it’s time to spruce things up a bit – not just at home. Personal finances – payroll earnings/withholdings specifically, may need a spring cleanup . Changes to the tax law for...
Are Your Taxes Filed? Individual Tax Deadline is April 17. Back in the day, when I was a stay at home mom with six kids running around the neighborhood, my husband and I were trying to make it by with as few expenses as possible. One way we did this was doing our own...
To the untrained eye, QuickBooks may have some ‘pesky’ accounts: the kind of account you aren’t sure what to with and wonder why it is even on the Chart of Accounts. Undeposited Funds may be one of those accounts. It is a valuable account when used correctly....
Direct deposit is fast, secure, and easy with deposit options. Fast. The IRS usually has the money electronically transferred into the taxpayers account about 7-10 days after the efile or paper returns has been accepted. A paper check can take 4-6 weeks. Secure....
With the implementation of the Tax Cuts & Jobs Act which was passed by Congress in December of 2017, employees may find it valuable to change the exemptions claimed from income tax withholding. The IRS is offering a little reprieve by allowing individuals to use...
Now that the holidays are over and we are into the new year, it is time to think about income tax documents. Even though the deadline isn’t for a few months, January and February are the big months for receiving important documents that will be needed for filing a tax...
