Archive for December, 2007

QuickBooks – Why Export Reports into Excel?

Sunday, December 30th, 2007 Posted in Quickbooks | No Comments »

Sometimes people want to export QuickBooks reports into Excel. There're at least four reasons for this:1. Consolidation Reporting. By example, there may be a parent entity that owns sub entities. ... Read more..

401k Tax Deduction

Monday, December 24th, 2007 Posted in Tax Deductions | No Comments »

401 K plan is a retirement plan that is on offer in US & some other countries. There is more. This plan offers tax deferred savings to the employees & ... Read more..

Panama Merchant Accounts – A Huge Incentive For Online Businesses

Saturday, December 22nd, 2007 Posted in Offshore banking and tax | No Comments »

Merchant accounts make credit card transactions & processing possible over the internet. An e-commerce business will not actually be easily able to grow much or increase its customer base without ... Read more..

Claiming A Home Improvement Tax Deduction

Thursday, December 20th, 2007 Posted in Tax Deductions | No Comments »

The approach of spring often encourages homeowners to start considering home improvements & repairs. However, before you start getting out the hammer & nails or hiring a contractor consider if ... Read more..

IRS Continues to Help Hurricane Katrina Victims

Thursday, December 20th, 2007 Posted in IRS | No Comments »

The IRS is often bashed as being unfriendly to taxpayers. In many cases, this reputation is deserved. In relation to Hurricane Katrina victims, it's certainly not.As is well-known by now, ... Read more..

Tax Deductions For Landlords

Sunday, December 16th, 2007 Posted in Tax Deductions | No Comments »

As a landlord, you'll want to make certain you take advantage of all of the tax benefits you can receive by owning a property. There're many other deductions than just ... Read more..

Can I Save Tax By Going Offshore?

Sunday, December 16th, 2007 Posted in Offshore banking and tax | No Comments »

You can read all you like about the legalities & complexities, benefits & risks of going offshore but I am 99% certain that what you really want to read ... Read more..

Credit Card Q&A In QuickBooks

Sunday, December 16th, 2007 Posted in Quickbooks | No Comments »

Sometimes new users of QuickBooks have questions about how credit card work in the software. Here are some help-ful bites of information about this subject.Aren't Credit Cards Expense Accounts?No. In ... Read more..

Tax Organizer

Thursday, December 13th, 2007 Posted in Tax software | No Comments »

It's April 15th & taxes are due once again. Each year millions of small business owners go about their business without thinking about getting a system in place for tax ... Read more..

IRS’s Silent Weapon- Substitute Tax Returns

Wednesday, December 12th, 2007 Posted in IRS | No Comments »

If you do not file your back taxes within a certain period of time, IRS will either prepare a substitute return for you & charge you a late filing penalty, ... Read more..