Are you taking on a worker who’s not an employee? QuickBooks Online includes tools for tracking and paying independent contractors.
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Understanding Your IRS Notice
Dealing with the IRS can be stressful. There are taxpayers who receive an IRS notice and because they are so fearful, they will pay the notice without verifying the accuracy.
IRS Form 14457: Why It’s Important & What You Need To Know
On February 15, 2022, the IRS announced Form 14457, Voluntary Disclosure Practice Preclearance Request and Application has been revised, including an expanded section on reporting virtual currency. With the rise of virtual currency, the IRS is cracking down on virtual currency tax reporting.
Keeping Your Non-profit’s Remote Workers Connected
Many employees have embraced the opportunity to work from home during the pandemic — but not all of them. Some workers have experienced feelings of disconnection and isolation. So if your not-for-profit plans to make remote working a longer-term proposition, you should look for ways to make everyone feel connected to the job and their… Continue reading Keeping Your Non-profit’s Remote Workers Connected
What Your Non-profit Needs for a Successful Capital Campaign
Many non-profits put major purchases and other ambitious initiatives on hold during the pandemic only to be faced with additional challenges in the face of rising costs. But if you need to buy or expand a facility, purchase expensive equipment, or seed an endowment, your organization may not want to wait any longer.
How to Recruit When Job Candidates Have the Upper Hand
The Great Resignation wasn’t great for not-profit organizations. As many for-profit businesses — particularly in traditionally low-wage industries — have raised pay and hiring incentives, non-profits have lost staffers. According to the National Council of Nonprofit’s 2023 survey results, 74.6% (nearly three out of four) of non-profits reported job vacancies in spring 2023. Additionally, more… Continue reading How to Recruit When Job Candidates Have the Upper Hand
IRS Halts Use of Third-Party Verification Involving Facial Recognition
On Monday, February 7, the IRS announced it will transition away from using a third-party service for facial recognition to help authenticate people creating new online accounts. This transition will occur over the coming weeks in order to prevent larger disruptions to taxpayers during filing season.
Protecting Yourself from Supply Chain Shortages
The past few years have seen major kinks in the supply chain due to a number of reasons: aberrant buyer behavior, source material scarcity, government shutdowns, and worker shortages, to name a few. What can a business owner do to protect their businesses from shortages and therefore, revenue loss? Let’s take a look at a… Continue reading Protecting Yourself from Supply Chain Shortages
Tax Planning: IRS 2022 Limits
Each year, the IRS adjusts tax rates, standard deduction amounts, and other limits to account for tax law updates and cost-of-living adjustments.
Bundling Items in QuickBooks? Build Assemblies
If you regularly sell the same groups of products, you can save time by creating assemblies.