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Showing posts from October, 2012

Whats new in QuickBooks Mac 2013!

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QuickBooks Mac 2013 has a lot of exciting new features and big improvements. Here is what to expect: New and Improved Bank Reconciliations: Statement Date: In 2013 the Statement Date is entered in at the beginning of the Reconciliation Process rather than at the end. Undo Last Reconciliation button: Previously, Mac users had to manually uncheck every transaction to undo a bank reconciliation and start over. Sortable Columns: The Reconciliation Window is now sortable by columns: Date, Check#, Payee, Amt. Exclude Transactions: Now you can exclude transactions after the Statement ending date, simplifying the process of doing older reconciliations. Reconciliation Discrepancies Account: Any minor discrepancies written off at the end of the process are now properly posted to a new account called Reconciliation Discrepancies rather than to Opening Balance Equity.
 7 New and Improved Preferences: Attached Documents-NEW!Backup-I…

Unemployment Insurance Rate Increase Under Consideration

Nevada could be hit with a higher state unemployment insurance tax in 2013. The state Employment Security Council has recommended the average tax go from 2 percent to 2.25 percent, an increase of $67 per worker. The final rate will be set in December, taking into account the recommendation of the council. The state council, during a four-hour meeting, was presented with myriad options, including boosting the state rate to 3 percent.

Source: Vegas Inc 10.15.12

Avoid Check Fraud

Did you know that it is estimated that retailers throughout the nation lose $12–$15 billion each year due to the acceptance of bad checks? You should examine all checks presented for payment to make sure they’re legitimate. Although any one of these signs does not necessarily indicate that the check is bad, any combination of them should signal a warning.
Lack of perforation: Most checks are connected in a book and are removed at perforations. Lack of perforation may indicate a counterfeited check.

Check number is low or missing: According to the Los Angeles County District Attorney’s Office, “About 90% of bad checks are drawn on new accounts.” It stands to reason that caution should be exercised when accepting checks with low numbers (up to 400 on personal or up to 1500 on business accounts).

Changes in font: If the font is uneven, appears in varying styles or sizes, the check may have been altered.

Missing information: If the payee’s name, address, or phone number or the ban…

2013 Tax Calendars

Calling all small business owners!!
Here at QBGal we recently pre-ordered the 2013 version of the Tax Calendar. This calendar can be very helpful for you to stay organized with your business! It has important updates and information in order for you to stay up to speed with important dates and tips to help you along the way!
The Tax Calendar for Small Businesses and Self-Employed (Pub. 1518, Catalog Number 12350Z) is a 12-month wall calendar. It is filled with useful information on general business taxes, IRS and SSA customer assistance, electronic filing and paying options, retirement plans, business publications and forms, and common tax filing dates. Each page highlights different tax issues and tips that may be relevant to small business owners with room on each month to add notes, state tax dates, or business appointments.

Assisted Paroll Debit Chnages

Important Information!! Please read carefully....


Intuit Payroll is finalizing several improvements to the payroll processing technology. These enhancements will change the way they debit your bank account for your payrolls. Beginning October 1, 2012, your Intuit QuickBooks Assisted Payroll debits will be a single debit for all payroll liabilities. This excludes payrolls sent before October 1, 2012, with a check date of October 1 or later.
This single debit will include your federal taxes, state taxes, any direct deposits, and all applicable fees. The debit will be visible in your bank account as well as in your QuickBooks check register after you transmit your payroll.