On June 15, 2011, the North Carolina General Assembly overrode the Governor’s veto and passed a new $19.7 billion budget bill. Included in the bill are two key changes to the way individuals calculate their NC personal income tax beginning in 2012. ...
There are two retirement plans that a business owner, that has no employees, can implement that can provide a significant deferral of income and taxes: 1) a Simple-IRA and 2) an Individual or Solo 401(k) Plan. ...
Next to payroll, paying bills is probably your least favorite task in QuickBooks. You don't have to use this feature – you can keep stacking bills on your desk, scrawling the due dates on a paper calendar, and writing checks....
The propriety of pay for board members serving tax-exempt organizations is in the news again. While not a new topic (it has been raised at any number of points in past years), the sentiments of some opposed to the practice has intensified....
Whether it be flood, fire or other disaster striking, your individual and business records are vital to getting back on your feet. One of the best methods to minimize damage is to have a backup set of records, preferably in the electronic form....
Recently, the IRS has expanded correspondence examinations of individual tax returns. What is a correspondence examination? ...
Over the past fifteen years, there has been more pressure on nonprofits to conform to the expectation set by stakeholders to keep overhead expenses (supporting services activities) down and therefore maximize the use of unrestricted and temporarily restricted funds that can be used on programmatic...
Data entry and modifications in QuickBooks can be tedious. Beginning with QuickBooks 2010 Pro Edition and above, that job got a lot easier....
Is the housing market affecting your decision to move? Many have delayed moving in the hopes that the housing market will recover. Unfortunately, some have the need to move and are saddled with a home that they cannot sell. One way people...
