Taxpayers Should Review Disaster Resources on IRS.gov Now in Case They Need Help Later

This article was published by the IRS. Natural disasters can – and do – happen at any time. Preparing in advance of a disaster can give people peace of mind after a disaster hits as they begin the recovery process. IRS.gov has information and resources that can help taxpayers before and after a disaster. Tax Relief [...]

IRS Sends CP2100 and 2100A Notices When Payers Need to Correct Backup Withholding Errors

This article was published by the IRS. In April, the IRS sent CP2100 and CP2100A notices to banks, credit unions, businesses, or payers who filed returns that don't match IRS records. These information returns include: Form 1099-B, Proceeds from Broker and Barter Exchange Transactions Form 1099-DIV, Dividends and Distributions Form 1099-G, Certain Government Payments Form 1099-INT, [...]

8 Essential Accounting Equations Every Business Owner Should Know

It's usually a given that you didn't start your small business because you love accounting. Even if you have someone else handling your accounting, it's essential to keep your finger on the pulse of your business' viability, as it will help you to be better equipped to manage your business. QuickBooks helps to demystify accounting by [...]

Treasury, IRS Provide Guidance on Tax Relief for Deductions for Food or Beverages from Restaurants

This article was published by the IRS. Reminder that businesses can temporarily deduct 100% beginning January 1, 2021 This is a reminder that the Treasury Department and the Internal Revenue Service have issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. The Act added a temporary exception to the 50% [...]

Introduction to Instant Deposit with QuickBooks

From nights to weekends to holidays, running your business never stops. With Instant Deposit from QuickBooks Payments, neither will your money.  Payments made instant! Instant Deposit lets you access eligible funds immediately, no matter what time or day you get paid.  It's cash flow that's always on, even when banks are closed. Cut out deposit delays [...]

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