Learn where everything is in QuickBooks Online so you can start using it to manage your business efficiently. Figure out how to view and interpret charts in Business Overview. Track expenses and profitability, adjust settings, and link bank accounts and credit cards to QuickBooks. Figure out how to do monthly account reconciliations. Learn how to pay [...]
If you work and have low to moderate income, be sure to look into the earned income tax credit - also known as EITC. It can put money in your pocket. The first thing to do is check out IRS.gov/eitc. There, you'll discover the credit can be worth thousands of dollars for some people. The amount [...]
A chart of accounts is a list of the account numbers and names relevant to your company. The 4 primary groups in a standard chart of accounts are Asset, Liability, Income, and Expense. This video contains some helpful tips in how to organize them in QuickBooks or QuickBooks Online to make your small business’ financial information [...]
If you're a landlord, you may find that occcasionally you need to deactivate a property from your MA DOR room occupancy consolidated account. Here are the steps to do so: Log into MassTaxConnect. Locate your Room Occupancy Consolidated account panel and choose "View Operator's Properties" in the account subpanel. Here you will see the property or [...]
Are you putting off filing your tax return because you owe money but can't pay? You shouldn't. The IRS can help you if you're having trouble paying all the taxes you owe at once. But YOU must take action. Here's what you need to do: First, before the tax deadline, either file your tax return or [...]
