Today’s bookkeeping challenge is to double check that all your customers are properly licensed where they do business. This can be more difficult that it appears. First: Determine their nexus or where they do business. Nexus is the concept that…
Payroll Funds Custody
Sooooo…. how do your payroll taxes get paid? I pay directly to the IRS/States. Excellent! Do you verify the links at least once a year? Do you make sure the payroll taxes are actually credited on the next statement? One…
What are Estimated Payments?
Estimated payments are something mystical that only elves and the IRS understand? Nope! you too have the power to understand estimated payments. Estimated payments are due: April 15th June 15th September 15th January 15th What are they? Estimated payments…
IRS Delays Portion of Healthcare Reform
The Internal Revenue Service has delayed a key provision of the Health Care Reform bill. Employers with over 50 employees were to pay a penalty for not providing medical insurance to their employees. The $2000.00 penalty per full time employee…
Look! Squirrel!
This warning was posted at a nearby nature preserve. If you didn’t know anything about squirrels, you would have been on the outlook for six foot tall menacing rodents would your life in about 10 seconds. I can only…
Bookkeeping and What it Means to a CPA
I have a constant stream of people into my office. They want to learn how to keep the books for their new small business. There is quite a variety in the types of businesses that want help. The newly minted…