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Showing posts from 2011

Intuit QuickBooks Payroll

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Payroll Update: Revised Tax Tables Intuit has released Payroll Update 21202, which includes revised tax tables and forms updates and reflects the Temporary Payroll Tax Cut Continuation Act of 2011 signed by President Obama on December 23, 2011. To see the complete contents of this update, click here.
How do I get the Payroll Update?It's important that you receive everything in the Payroll Update to make sure that you are in compliance with legislation that affects your payroll. Just follow these three simple steps:
Check to see if you have Automatic Updates turned on.
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Choose Help > Update QuickBooks.-- On the Options tab, you will see either Yes or No selected for Automatic Update.

If Yes is selected, you should receive all Payroll Updates automatically when they are released the next time you are connected to the internet.

You can verify that you received Payroll Update 21202 from within QuickBooks. Go to Employees > Get Payroll Updates. You should see a messa…

The First Payroll of the Year can be Tricky

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Print the Payroll Summary for the last payroll of the year for both employees and employers.

In QuickBooks:
Select Employees -> Get Payroll Updates -> Verify that your tax table version is 21201.
If Not? Select Update in that window.

When you run Payroll next week, please make sure that the EmployER Social Security is MORE than the EmployEE Solial Security.
IF they agree? We have a problem.

NOTE: 
In the final example,

EmployEE Social Security is 66.76 in the middle section.EmployER Social Security is 98.55 in the bottom section.

Image examples:




Thanks For Reading!  Good Luck everyone!
Got a QuickBooks Mess? Call the QuickBooks Gal! 775.348.9225

QuickBooks Mac Keyboard Shortcuts!

If you, like others I know, are tired of manually moving the mouse around your screen in order to navigate QuickBooks, there's a better option.

All you need to do is memorize every shortcut available!!!

Not really. Actually, all you need to do is a have a copy of the shortcuts nearby.

Simply CLICK HERE and save the PDF, or print it out.

Good Luck Mac Users!!!

Nevada Tax Rate Change

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Hey all!

Just thought you should have a heads up:
If you're a General Business that makes less than 62,500 in taxable wages per year, the modified business tax for you has been removed! Other changes seem to have taken place as well, read more to see.


Download QuickBooks When You've Lost Your Disk

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I got a call today from a fellow who had lost his QB 2009 Enterprise disk and needed to install the software on an additional computer.  He had it installed on 3 computers and wanted to add a seat (he owns a 5-user license).  He had misplaced his disk and wondered if he could get a copy or some connection to a download.

My suggestion was to call Intuit and have his license information handy.  They could help him,

Out of curiosity, I did a Google search to see if there is a convenient way to get that download link information without bothering the folks at Intuit for such a simple task....there is!

You can use this link to get downloads of most current versions of your software, but you must have your license information in order to do so.  To get that, just press Ctrl and the 1 key in the top row of your keyboard at the same time.

Keep this information just in case you have this issue in the future....great that Intuit makes it so easy!

Changes to Nevada Law Affect 3rd Quarter Modified Tax Return

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 Changes to Nevada Law Affect Modified Business Tax Liability NOW!  Use this Form!

If you are a bookkeeper or business owner in Nevada, you should be aware that recent changes to Nevada law affect Modified Business Tax effective 3rd Quater 2011.

As of today, QuickBooks MBT worksheet is not compliant.  I am sure Intuit is working on this and will fix it very soon, but in the meantime, follow this link to the Nevada Dept of Taxation Form that you should be using immediately.

Books And Pay
Bookkeeping and Payroll Professionals
775-348-9225

jayne@booksandpay.com




QuickBooks Gal has a NEW COMPANY

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Books And Pay
Bookkeeping and Payroll Professionals
Advanced Certified QuickBooks ProAdvisors Full Charge Bookkeeping & Payroll Weekly, Monthly, On-Demand Support Shoebox to Computer isOur Specialty!

Experienced Bookkeepers and Payroll Professionals Local Owned Since 1999! Peachtree AccountCare Partner & QuickBooks ProAdvisors since 1999! Northern Nevada’sONLYIntuit Solution Provider QuickBooks Point of Sale and Enterprise Solutions Certified Sales & Support




Legible, orderly and compliant books 24/7, not just  at tax time! Bookkeeping in our centrally located offices orremote access Daily, weekly, monthly, or quarterly to reconcile & “clean up” your books Complete data entry, including CPA journal entries Payroll and all related payroll reporting, including W-2 and 1099 processing Shoebox to Computer projects (our specialty!) Bank Reconciliation – bank accounts, credit cards, lines of credit Software installation & updates We support your office staff—let us “check up” monthly to kee…

Bookkeeping For Small to Medium Businesses, CPA's and Tax Preparers

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Have you struggled to find just the right bookkeeper for your firm and your clients’ businesses? Do they all have too many personal problems, quit after a short time, or don’t really understand debits and credits which ultimately result in mistakes or costly rework? Are you tired of spending your valuable time on rework or hiring a replacement for inadequate support?
Meet Books and Pay, Experienced Bookkeepers and Payroll Specialists.  We are dedicated to serving local Businesses and providing knowledgeable bookkeeping support to Accountants and Tax Preparers to bring you legible, orderly and compliant books 24/7, not just  at tax time.
As Advanced Certified QuickBooks ProAdvisors, Intuit Solution Providers, and certified members of the Sage AccountCare Program, we understand how the software works.  Our years of experience with local businesses have given us insight into how the average small business owner does his or her books, the mistakes they make and the gaps in t…

Intuit QuickBooks Payroll Update: Revised Tax Tables

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Intuit has released Payroll Update 21113, which includes revised tax tables. 
What do I need to do?
It's important that you receive everything in the Payroll Update to make sure that you are in compliance with legislation that affects your payroll. Just follow these three simple steps: Check to see if you have Automatic Updates turned on.
--
Choose Help > Update QuickBooks.
-- On the Options tab, you will see either Yes or No selected for Automatic Update.If Yes is selected, you should receive all Payroll Updates automatically when they are released the next time you are connected to the internet.

You can verify that you received Payroll Update 21113 from within QuickBooks. Go to Employees > Get Payroll Updates. You should see a message that says, "You are using tax table version 21113."If No is selected for Automatic Update, you need to download the update manually.Disk delivery customers: The next disk delivery is schedule…

IRS Increases Mileage Rate to 55.5 Cents per Mile

IR-2011-69, June 23, 2011 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.

The rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through Dec. 31, 2011. This is an increase of 4.5 cents from the 51 cent rate in effect for the first six months of 2011, as set forth in Revenue Procedure 2010-51.

In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2011. The IRS normally updates the mileage rates once a year in the fall for the next calendar year.

"This year's increased gas prices are having a major impact on individual Americans. The IRS is adjusting the standard mileage rates to better reflect the recent increase in gas prices,&quo…

Nevada Child Support Info for Employers: "Need to Knows"

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Income Withholding Order/Notice Income withholding is the court or administratively ordered deduction of a specified amount from a parent’s income for payment of child support. All employers must honor an income withholding order/notice for child support from any state. Out-of-state income withholding orders/notices are valid throughout the country including US Territories. All states are required to use a standardized withholding form entitled Order/Notice to Withhold Income for Child Support (OMB No. 0970-0154). A child support income withholding order/notice must be paid before all other garnishments, with one exception. The only exception is a Federal (IRS) tax levy entered prior to when the child support order was established. It is the date the child support order is established, and not the date the withholding order/notice is served on the employer, that determines precedence. The employer deducts the specified amount of child support each pay period and sends it to the: State…

Differences Between Certifications in Quickbooks: Who are you trusting with your books?

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The Differences Between Certifications in QuickBooks
Why do you need a Certified QuickBooks ProAdvisor? Is this someone you can trust when you are starting your own business?
Many of these questions are asked everyday and as a small business, QB Doc understands your frustration. However, we can provide accurate information on who you need to trust when it comes to working with QuickBooks software. The information below gives you the general idea about the differences between the following: ProAdvisor, Certified ProAdvisor, Certified ProAdvisor Point of Sale, Certified ProAdvisor Enterprise, Advanced Certified ProAdvisor, and Intuit Solution Provider.
ProAdvisor: Generally, a bookkeeping or accounting professional who has signed up for Intuit’s ProAdvisor program and paid an annual fee. ProAdvisors are not listed on Intuit’s “Find a ProAdvisor” website and have not necessarily received any training or passed any certification.

Certified ProAdvisor: an individual who has passed the certif…

California EDD Changes Payroll Tax Filings

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Effective April 1, 2011, and beginning with all first quarter 2011 filings, the California Employment Development Department (EDD) is modifying the existing payroll tax forms and changing the filing frequency for the Contribution Return.

In summary, the changes are:

 The DE 7, Annual Reconciliation Statement, is being replaced with the DE 9, Quarterly Contribution Return and Report of Wages. The DE 9 must now be filed on a quarterly basis.
 The DE 6, Quarterly Wage and Withholding Report, is being replaced with the DE 9C, Quarterly Contribution Return and Report of Wages (Continuation). The DE 9C filing is still required quarterly.
 There is no change to the DE 88, Payroll Tax Deposit form.

What You Need to Do

Intuit Payroll is committed to keeping you up-to-date with your payroll service and making sure you have the latest information. If you currently file and pay to the California Employment Development Department using DE 6 and/or DE 7, here’s how the EDD changes may affect you:

Payroll Filing Deadlines: Coming up soon!

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Upcoming Payroll Tax Filing Dates
and Federal Reserve Holidays to Remember

Payroll Taxes
May 2, 2011: Deadline to file Form 941 for first quarter 2011 if you did not deposit all taxes when due.
May 2, 2011: Deadline to deposit FUTA tax owed through March if more than $500.
May 10, 2011: Deadline to file Form 941 for first quarter 2011 if you deposited all required payments on time.
August 1, 2011: Deadline to file Form 941 for second quarter 2011 if you did not deposit all taxes when due.
August 1, 2011: Deadline to deposit FUTA tax owed through June if more than $500.
August 10, 2011: Deadline to file Form 941 for second quarter 2011 if you deposited all required payments on time.

Holidays
May 30, 2011: Federal Reserve Bank holiday—Memorial Day.
July 4, 2011: Federal Reserve Bank holiday—Independence Day.
September 5, 2011: Federal Reserve Bank holiday—Labor Day

August 1, 2011: Deadline to file Form 5500 or 5500EZ for 2010 if you maintain an employee benefit plan.

Accountants
April 18, 2011: Deadl…