Handy Tricks for Navigating QuickBooks Online

As a Quickbooks Online (QBO) user, you’re familiar with the system’s intuitive interface and large array of scalable functions. However, you might not be aware of one of the program’s most simple time-saving capabilities: keyboard shortcuts. The beauty of keyboard shortcuts is that they allow you to quickly navigate QBO, without the use of a…

Year-End Tax Planning for Individuals

Retirement Planning & Deferring Income and Deductions With our “Year-End Tax Planning for Businesses” series now completed, it’s time to address year-end tax planning from an individual standpoint. Today we will cover retirement planning options for individuals plus strategies for deferring income and deductions into 2018 or later years. Retirement Planning Options For 2018, the…

2018 Standard Mileage Rates

The optional standard mileage rates for business use of a vehicle will increase slightly in 2018, after decreasing in the two previous years, the IRS announced Thursday (Notice 2018-3). For business use of a car, van, pickup truck, or panel truck, the rate for 2018 will be 54.5 cents per mile, up from 53.5 cents…

New Tax Bill Highlights

The conference committee that was reconciling the differences between the House and Senate versions of the new tax bill have now finalized their work.  The bill will now go to the Senate and House this coming week and President Trump is expected to sign it into law before Christmas. New Tax Bill Highlights include: The…

Year-End Tax Planning for Businesses: Part 2

Vehicle Expense Deductions and Tips for Pass-Through Entities In today’s post—which marks the second part of our “Year-End Tax Planning for Businesses” series—we will discuss vehicle-related deductions that you may be entitled to plus things to consider as the owner of a pass-through entity. Deductions for Business Vehicles If you use your vehicle only for…

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