Entries by Michelle Folster

How Does QuickBooks Online Handle Mobile Expenses?

If you purchase several items and services away from the office, QuickBooks Online can help you record them while you’re out and about. QuickBooks Online’s mobile app, available at the Apple App Store and Google Play, can do many of the same tasks that it performs on your office desktop. You can, for example: Check […]

Several Ways to Defer the Tax on Gains

When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many years. However, the tax code provides opportunities to spread this gain over several years, to postpone it by deferring the […]

Don’t Be a Victim of Cybercrooks

The season to prepare tax returns has begun. Unfortunately, it is also the season for scammers who are out to steal your identity, swindle you out of your money, and even file tax returns in your name. All of this can make you poorer, ruin your credit rating, cause financial havoc, and cost you hours […]

Getting the W-4 Right Is Important

As they do at the beginning of every year, employers will request that employees complete the IRS Form W-4. Its purpose is to provide employers with the information they need to determine the amount of federal income taxes to withhold from an employee’s paycheck. So, it is very important that the form is completed correctly. […]

IRS Giving a Break to Some Taxpayers Who Under-prepaid Their 2018 Taxes

Taxpayers are required to pre-pay their taxes for any tax year through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through withholding, and self-employed individuals and those with investment income by paying quarterly estimated payments. The late-2017 passage of tax reform that became effective for 2018 […]