I often am asked this question by bookkeepers and business owners alike. The Internal Revenue Service defines a fixed asset as property used in a trade or business or in an income producing activity that wears out or becomes obsolete and it must have a determinable useful life substantially beyond the tax year. This [...]
Archive of posts filed under the Your Business category.
Embezzlement 101
This is not a course in how to get rich by embezzling funds from the company your work for but a group of suggestions on how to protect your company from this heinous crime.
Embezzlement is defined as theft of money or property from a business by someone who has custody of the funds or property. [...]
Year End Tasks
©D. L. MacMillan, QuickBooks Training. Web Learning
The holidays are over and we have had a few days to ease back into our regular business schedules. But with the new year comes a long list of tasks that need to be attended to in order that your filing requirements are met and your books are ready [...]
QuickBooks 2010 Is Here!
©D. L. MacMillan, QuickBooks Training . Web Learning
You can now customize your company snapshot. And for those who did not upgrade to 2009 yet the Company Snapshot Page is a great way to keep daily tabs on all of your business activity. Graphically displayed reports at your fingertips, updated in real time allowing you to view all [...]
Your Stimulus Plan
You have been reading about all the bail out plans being provided by the government to banks and auto manufacturers and no matter what your opinion on these programs you can’t help wonder “where is my bail-out?”
Well there is a program being offered by the SBA (Small Business Administration) that does offer businesses a hand [...]
Success Through The Recession
©D. L. MacMillan, QuickBooks Training. Web Learning
Are you anxious about the success of your business through the current recession? There are positive steps to take and opportunities to grow during a down economy. You just have to know what they are and be willing to do what it takes to not only survive but [...]
Why QuickBooks
©D. L. MacMillan, QuickBooks Training. Web Learning
Maybe you are new to accounting software or are thinking of changing your accounting software and QuickBooks is one of the packages you are considering. Here are several reasons you can move QuickBooks to the top of your list.
Intuit the provider of QuickBooks started it’s existence in 1983, [...]
Office For Rent
©D. L. MacMillan, QuickBooks Training. Web Learning
Making the decision to rent a separate office for your business can be difficult for some business owners. If your business is a retail, manufacturing or distribution business this decision may need to be made early on in your start-up. After all you will need a place for people [...]
QuickBooks Simple Start 2008
©D. L. MacMillan, QuickBooks Training. Web Learning
Are you looking for a free (yes I said free) or inexpensive way to handle your company’s financial needs? QuickBooks Simple Start 2008 comes in two editions, the free edition (free QuickBooks!) and one that costs under a hundred dollars. This is one rare case of inexpensive being a [...]
Organize, Organize, Organize
©D. L. MacMillan, QuickBooks Training. Web Learning
If you haven’t already now is the time to get prepared for your year end. Tax planning will not be an option for your business if you haven’t been keeping up with your bookkeeping. Your CPA or tax preparer needs time to review your financial information [...]
You Have QuickBooks – Now What?
You have either started a new business, decided to get your financial information in order for your existing business or your tax preparer has announced that he/she won’t do your tax return anymore if you bring in one more year’s receipts in a shoebox or plastic bag. So on the recommendation of friends, business [...]
From The IRS – Home Office Deduction Basic
The home office deduction is either overlooked, or misunderstood by most small businesses when filing their tax returns. Here is an article from the Internal Revenue Service that provides you with the basic requirements and regulations on this deduction.
Home Office Deduction Reminders
FS-2006-25, September 2006
WASHINGTON— Overstated adjustments, deductions, exemptions and credits account for up to [...]
