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 [...]

Preparing for Disasters

The Atlantic hurricane season begins on June 1. It's important to think about hurricanes, tornadoes, and other disasters in advance so you're prepared in case they happen. This includes safeguarding your tax forms and other financial records. First, you could take advantage of electronic record-keeping. See if you can receive your bank statements and related documents [...]

QuickBooks Checking: Small Business Banking Reimagined

QuickBooks Checking is a bank account reimagined for small business. QuickBooks Checking allows your money to work for you. It's instant. As soon as invoices are paid online, or you take a payment with the card reader, funds are available. You can start earning interest at an industry-leading rate of 1.00% APY the moment it hits [...]

IRS Temporarily Suspends Some Collection Items

This article was published by the IRS. On February 10, 2022, the IRS announced it will temporarily stop mailing some automated collection notices. Which automated collection notices are suspended? The IRS will temporarily stop mailing the following individual and business automated collection notices: CP80, Unfiled return notice CP59 and CP759 (Spanish), Unfiled tax return(s) 1st notice [...]

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