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Showing posts from 2013

How to Create a Company File in QuickBooks.

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New to QuickBooks?
 This section is just for you. I’m going to show you how to create your company file, which is the file you’ll use each time you use QuickBooks. Creating company file

QuickBooks walks you through a setup process that will create your company file for you.

1 Open QuickBooks. You’ll see the No Company Open window.


2 Click Get Started.



3 On the Create New Company, enter information about your company and click Next.

o Company Name — What you call your company.
o Legal Name — Your company name as it appears on legal documents.
o Address/Country — The address for your company as you want it to appear on
invoices, checks, and other forms. You can also enter different addresses for
Shipping and Billing.
o Company Start Date — The date you want to use to start tracking your business
transactions in QuickBooks. Usually this is the first day of your current fiscal year.
QuickBooks for Mac 2013 User’s Guide 7
Although you can change your start date later, it’s best to decide o…

Intuit QuickBooks Payroll Year-End Tax Table Update

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Intuit has released Payroll Update 21402, with revised tax tables. Several forms updates are included for Standard and Enhanced Payroll customers. This email also provides an important reminder about the additional Medicare employee tax for 2013, as well as other year-end payroll information.
Get the Payroll Update
The Payroll Update ensures that you will be in compliance with legislation that affects your payroll.  For details on the contents of this update, go to  Employees > Get Payroll Updates > Payroll Update Info.

To confirm that you have received the update, open QuickBooks and chooseEmployees > Get Payroll Updates. If you don't see a message that says,"You are using tax table version: 21402," click UpdateGet complete instructions.
To turn on the automatic updates feature
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With tax season quickly approaching here is something important you may need. Need tax forms? Call the IRS forms line at 800-829-3676 for W-2- W-3, 1099-1096, W-4 2014 and more!



How to convert your file from QuickBooks for Windows to QuickBooks for Mac.

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If you’ve switched from QuickBooks for Windows to QuickBooks for Mac, you’ve probably noticed some differences. QuickBooks for Mac is built as a Mac product from the ground up, so the interface elements will be familiar if you’ve used other Mac applications. If you’re used to usingkeyboard shortcuts, they will be different on the Mac.

Converting your file from Windows
Want to switch from QuickBooks for Windows to QuickBooks for Mac? Welcome! We’re glad
you’re here. So you’re probably wondering if you can convert your QuickBooks for Windows
company file into QuickBooks for Mac. The answer is: Yes!

You can convert any company file from  U.S. versions of QuickBooks Simple Start, Pro, Premier,
and Premier Accountant Edition 2009, 2010, and 2011 for Windows. If you are using a QuickBooks
for Windows version that is earlier than 2009, you can still open your file in QuickBooks for Mac.
It’ll just be a couple of steps more.

Before you start, be sure that you’re familiar with what data is conv…

Tax Calendar

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Due Date Day of the Week Deposit FICA and FITW for wages paid for the period  from 
December 16,2013 Monday Monthly due date for Nov. liabilities December 18, 2013 Wednesday December 11-13              Fri. December 20, 2013 Friday December 14-17             Tues. December 25, 2013 Wednesday Bank Holiday-Christmas Day December 26, 2013 Thursday December 18-20                Fri. December 30, 2013 Monday December 21-24               Tues. January 1, 2014 Wednesday Bank Holiday- New Year’s Day January 2, 2014

IRS Rates

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Wondering about the rates that will be effective for this tax season..... The QuickBooks Gal is here to help. 


Payroll rates and bases2013

Employee SS and Medicare                                                6.20%/ 1.45%*

Employer SS and Medicare                                                6.20% / 1.45%

Social Security wage limit                                                   $113,700

Medicare wage limit *                                                        Unlimited

FUTA- taxable wage base                                                 $7,000

FUTA rate                                                                         6.0%

FUTA maximum credit                                                       5.4%

Minimum FUTA deposit rate                                              0.6%

* For 2013, withhold added Medicare tax of .9% on wages over $200,000

Standard mileage rates2013

Business*                                                                            56.5 cents/ mi…

IRS Tax Calendar for Businesses and Self-Employed

IRS Tax Calendar for Businesses and Self-Employed Online Calendar View due dates and actions for each month. You can see all events or filter them by monthly depositor, semiweekly depositor, excise, or general event types.
Desktop Calendar Tool The IRS CalendarConnector provides access to Important Tax Dates for Small Businesses right from your desktop, even when you're offline. As new events are added, they will be automatically updated via the desktop tool. A new version of the IRS CalendarConnector is available. 

If you have the original version installed, you may wish to uninstall it, as IRS CalendarConnector 2 has a few new features: 1.Employer events are now separated into "Monthly Depositor" and "Semiweekly Depositor" categories. You can use checkboxes to select as many event categories as you would like to display:

·General ·Monthly Depositor ·Semiweekly Depositor ·Excise When you click the "minimize" button, IRS CalendarConnector 2 positions itself in t…

Social Security Administration Dates to Remember

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Due to the recent government shutdown, the dates for Tax Year 2013 wage reporting and processing will be delayed, as follows:
SSA's Electronic Wage Reporting applications will close on 12/20/13 and reopen 12/13/13;We will accept Tax Year 2013 and prior year files beginning on 12/23/13; and We will begin to process files received after 12/20/13 on 02/11/14 In addition, there are some changes to the EFW2 file format for Tax Year 2013. You can view them at  http://www.socialsecurity.gov/employer/EFW2&EFW2C.htm
Dates to Remember
December 23, 2013                 Business Services Online is available for accepting Tax Year 2013 and prior                                                 year files and W2 Online inputs.
January 1, 2014                       Update payroll systems to reflect the 2014 wage base rates.                                                                        Visit http://www.ssa.gov/pressoffice/factsheets/colafacts2014.html

January 31,2014                   …

2014 Social Security Changes

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Wondering about all the new Social Security Changes? Let the QB Gal fill you in.


Cost-of-Living Adjustment (COLA):
Based on the increase in the Consumer Price Index ( CPI-W) from the third quarter of 2012 through the third quarter of 2013, Social Security and Supplemental Security Income ( SSI ) beneficiaries will receive a 1.5 percent COLA for 2014. Other important 2014 Social Security information is as follows:

Tax Rate: 20132014

Employee                                    7.65%                                                             7.65%

Self-Employed                            15.30%                                                           15.30%

Note: The 7.65% tax rate is the combined rate for Social Security and Medicare. The Social Security portion ( OASDI )  is 6.20% on earnings up the applicable taxable maximum amount(see below). The Medicure portion (HI) is 1.45% on all earnings. Also, as of January 2013, individuals with earned income of more than $200,000 ($250,000 for…

What's New in QuickBooks Enterprise Solutions?

You may be wondering what is new in Quickbooks Enterprise Solutions 12.0/ 13.0/14.0. Well the QuickBooks Gal is here to help explain.

Introduced in 12.0 Introduced in 13.0 Introduced in 14.0 Enhanced Inventory Receiving Auto Pos Job Costing Faster Form Completion Default Classes Assemblies Automatic Price Adjustments Higher List Limits Maximum Stock Levels for Auto Pos More Price Levels Bin Location Tracking Create Thousands of Price Rules Complete more activities in multi-user mode Barcode Scanning Manage price rules with great fexibility FIFO Inventory Costing
Serial Number or Lot Tracking

Here is a closer look at the new features added for 2014.

Job Costing
Get a better handle on the current financial state of your jobs and projects:

Be able to track reps by job, not just by customerBe able to filter reports by job statusBe able to run WIP reportsBe able to run Committed Costs reportsView expenses by rep with he use of the customizable purchase forms
Assemblies

Build all subassemblies aut…

BUSINESSES COULD FACE LOWER UNEMPLOYMENT TAX BURDEN

CARSON CITY- The unemployment tax assessed 36,310 businesses in Nevada  could be lowered in 2014 if the state pays off its federal loan earlier.

 The state Employment Security Council this month recommended the average tax rate be reduced from 2.25 percent to 2.1 percent if bonds are issued. Council member Paul Barton said, “ We need to keep the tax rate as low as possible to give employers the best chance of creating jobs. Employers are struggling and they need help.”

 Renee Olson, administrator of the state Employment Security Division appeared before the state Board of Finance to request permission to issue bonds of $580 million to $600 million to repay the federal government for money it loaned during the recession to pay jobless rates and build up the reserve. 

The state is paying an interest rate on the federal loan at 2.5 percent. The bonds might be sold at a rate of 0.5 to 1 percent. In addition to retiring the debt, it would also eliminate a yearly $63 federal tax imposed on emp…

Easy Keyboard Commands For QuickBooks Online!

Here are some keyboard commands that will help you get your work done faster! Which means more play time for you!

To Enter Dates:
Next Day + (plus key) Previous Day - (minus key) Today  T First Day of the Week W Last Day of the Week K First day of the month M Last day of the month H First day of the year Y Last day of the year R Press Alt + Down arrow to open the popup calender icon to the right of a Date field.
To do a calculation in a Amount or Rate field, enter the calculations (ex. 123.45*1.05) and press Tab. QuickBooks Online will calculate and enter the result! 
To save a form or a transaction, type Alt +S (Alt + Shift +S in Firefox) 
If you have any questions or concerns about QuickBooks we are always happy to help! Got a Quickbooks Mess? Call the QuickBooks Gal! 775-348-9225

Nevada Modified Business Tax Form – Do You Have the Right Form?

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If you are a Nevada employer you should be aware that the Modified BusinessTax Quarterly Payroll Form has new limits that affect the Taxable Wages. Please be sure you are using the new form where line 6 is now required to be greater than $85,000.00  The new form should look like this:

Previously, the upper limit for exempted wages was $62,500.00 – if you use this form, you will be overpaying and will be sent a notice from the Department of Taxation that you have overpaid and have a credit balance that you can apply next quarter. 
Got a QuickBooks Mess? Call the QuickBooks Gal!
775-348-9225

Recent Changes and Improvements in QuickBooks 2014 and Enterprise 14.0

There has been changes, improvement, and even fixes were made to QuickBooks Pro 2014, QuickBooks Premier 2014, and Enterprise Solutions 14.0. Follow this link to find out all the amazing changes that have been made in your favorite QuickBooks!

http://support.quickbooks.intuit.com/support/articles/INF24723
Got a QuickBooks Mess? Call the QuickBooks Gal! 775-348-9225  We are always ready to answer any questions or concerns!

How To: Work In Multiple Companies at Once With QuickBooks Online!

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With QuickBooks Online you can work any time, any where. Even on the beach! So what happens when you need to work in multiple companies? Well with QuickBooks Online it only allows you to work in one company file at a time. No matter how many tabs or windows you open. 

But if you open different browsers you will be able to open a different company in each browser. QuickBooks Online works with FireFox, Chrome, and Safari on Mac and PC. So if you have open FireFox and Chrome open on your computer you will be able to work with two different companies, at the same time!

To do this, run the Client List (qboa.intuit.com) in each one of the browsers you have open. Go to the Client List in each browser, and click the link to the QuickBooks Online company you want to view in that specific browser. 

If you make changes to client information in one browser you might need to refresh the Client List page in the other browsers. 


With QuickBooks Online you can take your business anywhere you want! QuickB…

Where Do You Mail Your Filing Form 941?

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It's that time of year again! So where exactly do you send you Filing Form 941? The QuickBooks Gal is here to help!

Mail the Form 941 to the Department of the Treasure, Internal Revenue Service at the address indicated below:


Additional Medicare Tax User Guide for QuickBooks

With the new Medicare, Affordable Care Act, beginning tax year 2013 a new additional Medicare Tax of 0.9 percent applies to the individuals’ Medicare taxable wages, compensation or self-employment income that exceeds certain threshold amounts based on their filing status.
How does that impact you?
Beginning January 1, 2013, employers are responsible for withholding the Additional Medicare Tax from Medicare taxable wages and compensation paid to an employee in excess of $200,000 in a calendar year. In December 2012, Intuit released a new Payroll Update (21301) that included support for a new payroll tax item, Medicare Employee Addl Tax. If you pay wages in 2013 or later to employees who are subject to Medicare tax (regardless of whether you think you will ever pay any of them over $200,000), you must set up this new payroll tax item. This lets QuickBooks handle tracking, calculating, withholding, and reporting the Additional Medicare Tax appropriately and automatically so you don’t hav…

Save 20% On QuickBooks 2013 Software! Now Until 9/30/13!

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Got a QuickBooks® Mess?  Call the QuickBooksGal! (775) 348-9225