ACCOUNTING BLOG

Archive of: 2016

  • ACH & Quickbooks Online

    Bookkeeping, Business Management, Payroll, Business Smarts

    QuickBooks now allows business owners to process bank transfers (ACH transactions) in lieu of credit card payments. ACH payments are becoming increasingly popular because credit card fees can add up quickly. ACH, however, processes at a much lower fee of about 50 cents per transaction.

  • QuickBooks Online - Is it really all that?

    Bookkeeping, Business Management, Taxes, Payroll, Business Smarts

    Blueback Accounting loves Quickbooks Online (QBO). In fact, it’s the platform we are building our business around. There are a lot of reasons we feel it is the best accounting software out there, but I wanted to share the top 5.

  • Year End Tax Planning

    Business Management, Taxes, Business Smarts

    Often times, as tax practitioners, we file a tax return in March or April and the client owes some money. Maybe a little more money than they had in mind. This is a situation no one wants to be in – including the tax preparer.

  • Benefits of Contributing to a 529 Plan

    Taxes

    When we say 529 Plan, we are talking about a particular type of savings and investment plan operated by a state or financial institution that has tax advantages to make it easier to save for college or other post-secondary training for a beneficiary of your choosing.

  • Continuing Education

    Business Smarts

    As accountants, we must participate in 80 hours of continuing education every two years in order to maintain an active license in good standing. That’s a lot of learning on technical topics to keep current in our profession.

    But what about other learning? What types of learning do you deliberately undertake throughout the year to grow as a person and as a business person?

  • New Filing Deadlines

    Bookkeeping, Payroll

    The 3rd quarter is about to close, and we’re looking ahead to the annual filing of W-2s and 1099s. There are some changes in the filing deadline that take effect this year.

  • Last Deadline for Filing 2015 Individual Tax Returns

    Taxes

    October 15th* is the last day for timely-filing your individual income tax return for 2015…and it’s right around the corner in 3 short weeks.

  • QuickBooks Online September 2016 Update

    Bookkeeping

    QBO is constantly rolling out improvements for users like you and me to keep up with. I thought the new invoicing capabilities was worth a second look.

  • Seasonal Reminders: Charitable Deductions

    Taxes

    With temperatures dropping and summer coming to a close, the start of fall means at least one thing to many of us: it’s back-to-school season. Many of you may have found yourselves buying school supplies or new school clothes in the last couple of weeks (for yourself or for your kids!). Or maybe you bought yourself a new fall or winter jacket because last year’s coat simply won’t do. So what do you do with those lightly used items that clutter your closet? Donate.

  • What's the Deal With Inventory?

    Business Management, Taxes

    Managing cash is one of the most important things a business owner must do. I generally see 4 main buckets that owners can get into trouble (i.e.owing more taxes without sufficient cash to pay those taxes). They are: paying themselves draws/distributions, buying inventory, purchasing certain property (real estate) and paying off debt. Let’s explore why purchasing inventory can cause problems at tax time.


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