QuickBooksGal

Quickbooks Desktop: Payroll Compliance Update As of the beginning of 2019, Intuit has released a new payroll update (21901), including revised tax tables. This effects both standard and enhanced customers.  According to intuit.com, here's how to check you have the latest update in your system: To confirm that you have received the update, open QuickBooks and choose  Employees; Get Payroll Updates . If you don't see a message that says,  "You are using tax table version: 21901," click  Update .  Get complete instructions. To turn on the  automatic updates  feature in QuickBooks so that you automatically receive payroll updates when they are released, choose  Help > Update QuickBooks . On the  Options  tab, select  Yes  for Automatic Update and check the  Mark All  box to ensure that you receive all updates. If you receive disk deliveries:  The next disk delivery is scheduled for ea...

Important Quicken News via CEO Mid July, Quicken CEO Eric Dunn released a letter to all Quicken users confirming Quicken will no longer be affiliated with Intuit.  In the letter, Dunn also disclosed many changes and upgrades to the Quicken company and it's systems.  Here's a recap of what to expect this coming year. Quicken ID is being used less frequently (asking you to log on) resulting in a more efficient use of time while operating the app Quicken is changing the method of bank downloads in order to make data transfer more accurate and reliable, using an improved version of the existing system of EWC (Express Web Connect). The start up time of opening Quicken has been reduced, and the software has become much more user friendly. Functionality has greatly increased. Quicken has made improvements to their customer care department, claiming it is very “large" and the employees are "well-trained”. With call centers based out of Tucson, B...

Upcoming Changes to Dispute Resolution If you are using QuickBooks to process your payments, Intuit will be implementing new guidelines for simpler dispute resolution (also known as chargeback).Visa is the first payment network to announce their change. Please see Visa’s new guidelines.  The new process will include these changes: New categories - There will be 4 reason code categories grouping 25 reason codes. Faster processing - These new reason code categories will be aligned with two resolution paths: 1.    1.  Fraud and Authorization categories : These categories will make up the bulk of the disputes.   Under a new process called “Allocation,” Visa will automatically check the dispute in real-time and either reject the claim as invalid or assign liability. 2.    2.  Processing Errors and Consumer Disputes Categories : These categories will follow the similar process as exists today for challenging a dispute under th...

New Improvements this Month! When using Quickbooks online, you now have the ability to track time more efficiently than ever. Not only does this option have a better look to it, but are now included on your computer and mobile phone. Not only does the mobile option make it easier on employees to report time, but employers to record it. Below, we have displayed both computer and mobile  views. With an update to this option, its goal is to encourage more interaction. Time-tracking employees can enter in time sheets weekly, or by activity. You can also observe summaries for a certain time period as well. Benefit Alert! Solely time-tracking users are non-billable, so small business owners can add as many time trackers and they need in order to run their business efficiently!  Have fun time tracking with this new and improved feature!  For more information, feel free to visit Quickbooks Website @  http://quickbooks.intuit.com/blo...

2017 NEVADA BOND RATES What is the Nevada Bond and why do I have to pay? Nevada received federal loans to pay unemployment insurance benefits. To repay the loans, Nevada issued out bonds. To repay the bonds, all contributory employers, in addition to paying UI taxes, must also pay quarterly bond contributions. (NRS 612.6102-612.6134)  Bonds Issued to Repay Federal Loans. The State of Nevada has issued special revenue bonds, as provided for in recent legislation SB515, for the purpose of repaying federal loans needed to pay unemployment benefits. An advantage to using bonds to pay for these loans is that Nevada will no longer be a federal unemployment (FUTA) credit reduction state for the 2013 tax year, restoring the full federal credit offset of 5.4%.  Additionally, with the loans being repaid, no future interest associated with them will be accruing.  Contributory employers subject to Nevada unemployment insurance (UI) taxes will be required to pay a q...

The Better Business Bureau has given  warning about a new e-mail scam that specifically targets users of Intuit's Quickbooks accounting software.  An email will arrive in your inbox. The subject of this email may be something like "Quickbooks Support: Change Request". According to "Accounting Today", the email is asking for you to confirm that you have changed the name of your business and provides a link to click to reject the request. Once the link is clicked on, it leads to a website that will download malware to your device. Once malware is on your computer, it allows people to look into your computer, take passwords, and breach on other personal information. Look out for believable emails as this one, and never click on the links. In order to make sure if it is legitimate or not, check the reply email address or hover over the link to see what web address it will be taking you to. They may try to send you to a familiar sounding link, but look for...