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By Josh Zweig | Wednesday, February 18, 2015

How to Avoid a Tax Audit (Hint: Use FreshBooks!)

how to avoid a tax audit? use FreshBooks

Of all the things on your to-do list, neat record-keeping probably doesn’t fall high on the list. But when your neighborhood tax auditor comes around, you may wish it had.

Many business owners don’t keep proper records, so they get burned during a tax audit, paying out hard-earned dollars in interest and penalties. Fortunately, with cloud accounting software like Freshbooks, you can “audit-proof” your books to stay in the clear—and reduce your stress during tax season.

Here’s how to avoid a tax audit using FreshBooks.

By Jane Barratt | Tuesday, February 10, 2015

How to Lower Your Taxes — in 3 Steps

How to lower your taxes

My goal as an investment advisor is to get people out of the day-to-day, money in-money out cycle, and start them thinking of themselves as investors.

The first step is to reduce your taxes so you’ll have more money to invest, or add to the investments you have. The sooner that happens, the sooner benefits like tax advantages can start to pay off for you.

I’m going to show you how to lower your taxes — with these three steps.

By Jane Barratt | Wednesday, February 4, 2015

Want to Make Money During Tax Season? Pay Yourself First

Pay Yourself First during tax season

It’s tax time. TV and radio commercials may be making you feel lousy about the prospect of doing your taxes and the fact that you’ve already abandoned your New Year’s resolution to get your financial house in order.

So here’s a different way to think about that annual headache that is your tax return—a way that will change your approach, increase your resolve, and potentially make you money that you may currently be leaving on the table:

Pay yourself first.

By Alicia Katz Pollock | Monday, November 17, 2014

Tips for Managing Your Credit Cards in QuickBooks

Managing your credit cards in QuickBooks

 

When I train people to use QuickBooks, I come across many “creative” ways of managing credit cards. If you don’t use QuickBooks’ tools properly, it limits your reporting in many ways.

Here are some of the best practices I recommend.

By Jim Stice | Tuesday, August 12, 2014

What Is Corporate Governance?

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Do you own any shares of stock? Half of all U.S. households do.

The 2010 Survey of Consumer Finances (commissioned every three years by the Federal Reserve) found that 49.9 percent of all U.S. households own shares of stock, either as direct investments in specific companies, or as an investment in a mutual fund, retirement plan, or other stock investment vehicle. Even in households where the head of the house is younger than 35, 39.8 percent own some shares of stock.

By Bonnie Biafore | Sunday, June 22, 2014

Correcting Reconciled Transactions in QuickBooks

Say you discover a transaction that was recorded using the wrong QuickBooks feature. For example, you wrote a check in the QuickBooks’ Write Checks window to pay a bill and sent the payment off to the vendor. Now, it’s a month later and you see the vendor’s bill in QuickBooks: its status is unpaid and overdue. (Because you used the Write Checks window to write a check to the vendor, QuickBooks thinks the bill hasn’t been paid.) Even worse, you’ve already reconciled the check you wrote during your last bank account reconciliation. Fixing this error is as easy as 1-2-3:

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