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...

Ever wondered if there's an easier  way  to navigate Quickbooks Online? Check out these time saving keyboard shortcuts. Press Ctrl + Alt + any one of these keys to complete the desired task. For more tips and tricks, visit the official Intuit Quickbooks website at:  https://quickbooks.intuit.com/accountants/resources/firstuse/productivity/?CID=DR_EM_008_38246_US_ASG Got a Quickbooks Mess? Call the Quickbooks Gal 

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...

Five Things to Look for in a New Remote Bookkeeper * It’s hard enough hiring the right person for your bookkeeping needs when you had a stack of 100 resumes to review. Now you’ve got people spread out across the globe vying for your attention through email marketing, websites, social media…the list goes on. And it’s entirely true that when it comes to the physical tasks of bookkeeping, geography doesn’t matter much anymore. So with that said, how do you make the right choice in selecting a remote bookkeeper for your small business? To help you navigate, here are a few criteria to consider… Location, Location, Location This sounds strange, right? Remote, by definition, means not nearby. But hear me out, in this case, it’s not so much where your potential bookkeeper lives, but when they lived. Take into account time zones when deciding on a new bookkeeper. If you know you’ll need to talk on the phone, or are likely to request any given morning on short notice, will they be ava...

Nevada Quarterly Bond Assessments Eliminated as of 10/01/2017 As of the fourth quarter in 2017, The Nevada SUI quarterly bond assessment has been terminated. However, the SUI average rate has stayed the same going into 2018. According to a representative from the Nevada Department of Employment, Training and Rehabilitation (DETR) the department anticipates that it has repaid it’s outstanding bond balance completely. Therefore, the Department had decided that the third quarter of 2017 is the last period that employers will pay the bond assessment. Starting the fourth quarter of 2017, employers will not surrender a bond assessment return or pay the bond assessment. As an employer, you should be receiving notice of the elimination of the bond assessment by mail before the fourth quarter SUI tax return. Information for this blog was accumulated from Ernst & Youngs Newsletter. For more information, please visit their website at https://taxnews.ey.com/Login/NewsroomLo...

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...

Does your small business have a social media presence? To expand your presence on social media, it's crucial to be online when your customers are. In order to get the most active viewers per post, schedule when you are sharing the posts you want everyone to see. Audiences differ from site to site, so make sure you know who you are appealing to and when to do it. Here are the most popular times of day people use the top four social media platforms: For more informative facts like these, visit pinterest.com and check out our personal page: @QbGal Got a Quickbooks mess? Call the Quickbooks Gal!

There's no doubt that holidays such as Christmas can put a hole in our wallets, but Easter? According to the National Retail Federation , American's who have decided to celebrate Easter this year are spending on average $152. This sets and new record and is up 4% from last year. Not in the mood to drop almost 200 dollars this weekend? Here's some things you may want to avoid to not break the bank, or your holiday spirits this Spring. #1 Food Over 87% of Americans celebrating Easter spend a majority of their budget on food. Much of this goes to the classic Easter dinner. Combined $5.8 billion nationally will be spend on food for the home for Easter 2017 . In  order to save some money on feeding your loved ones, it may be cheaper to hold a brunch instead. On average, breakfast/lunch foods do not hurt your wallet as much as a full blown dinner would. Make sure when shopping for ingredients, that you make a list and keep to it. Don't let your kids influence ...

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...

Top 5 Sales Tax Filing Mishaps Are you a small business owner dealing with taxes to do this season? Here are a list of things to avoid when filing.  1. Not paying attention to different rules for different states When you cross over borders, sometimes the rules may and probably will change. Each state has their own way of doing sales tax compliance's. These rules can vary in due dates, formats, penalties and more. Make sure if you are covering a variety of states that you have all your ducks in a row before you begin! 2. Not filing for anything because you didn't have any tax Just because you didn't collect any taxes throughout a certain period, doesn't mean you don't have to file. Most states make you do filing for periods that you didn't collect anything at all. If not completed, you may be penalized! Be on the look out and don't blow off filing just because you had no data for that period.  3. Recording wrong numbers When given a ...

HOW TO: Asking for a Raise You think you deserve more for your effort, but it may be nerve wracking asking for recognition. Here are five ways to go about approaching your boss about a raise according to www.dontwasteyourmoney.com 1. Avoid asking towards the beginning of the week Monday's aren't great for anyone. Monday's are proven to be the most stressful and dreaded day of each week. Asking your boss for a favor on that day is a sure-fire way to receive a negative response.   2. Capitalize in the mornings In the mornings, the work place is often the most formal and organized, therefore being a good time to talk to your boss. Studies show that people are the most ethical in the morning, and throughout the day their decision making becomes more inconsistent. Just make sure you have waited for your boss's morning cup of coffee to kick in 😉 3. Save the food for after wards This one may seem a little odd, but according to   studies performed at ...

Nevada Sales Tax to Increase  in Select Counties If you are a resident of Washoe or Clark County, make sure you are informed and aware of these sales tax hikes in just a few months. "Those who collect and remit Sales and Use Tax will need to make changes to business processes as necessary to collect tax at the new rate. Businesses should be sure to file the most recent tax return forms. Filling online at Nevada Tax Center is the best option to ensure up-to-date tax rates."  If you have questions or need more information, please call the Nevada Department of Taxation at:  866-962-3707 Information from this blog, as well as tax returns can be found on the Nevada Department of Taxation website:  https://tax.nv.gov Also, if you have any concerns regarding the new tax raises you may also feel free to contact us here at the QuickBook Gals.  Got a Quickbooks mess? Call the Quickbooks Gal!

5 Helpful Tips to Defeat the Cold this Winter It's that time of year again, where the cold is really hitting hard. Around this time, you are most likely dreaming of laying on a beach somewhere and praying that your car heater prevails through the 10 degree weather. Here are some tips to keep your spirits up, even though the temperature is down: 1. Stay Active The winter is known for being a time where most people get the blues. The sun is rarely out, it's easy to stay in bed all day. Make sure you are staying active! One great thing about the cold is that you can participate in many winter sports you may not have the opportunity to do any other time of year. Exercise is proven to lift spirits and now is the perfect time to dust off those skis! 2. Avoid Cold and Flu Along with exercise, staying healthy and away from cold and flu is another way to keep yourself going during the winter. Nothing quite gets your down like bad weather and sickness. Mak...

Back to the Basics:  Profit and Loss Accounts A few weeks ago, we posted a blog covering the basics of a balance sheet. This time, we will be covering the Profit and Loss accounts and what they consist of.  Profit and Loss accounts are a component of the chart of accounts: The Chart of Accounts is the entire run down of a business’ accounts and their balances. This keeps track of how much money your company has, owes, and what’s coming in and out. The more accurate the information is, the more useful the reports will be, therefore watch out for errors and try to be consistent as possible when assigning accounts to transactions.  In addition, Profit and Loss Accounts, display how your business is doing over a period of time. It showcases the money that is flowing in and out over a month, year, etc. This is different from a balance sheet, for it only shows your businesses assets, liabilities, and equity at one period in time.  Here's a run down of ...