Need Advanced Time-Tracking? Connect QuickBooks Online to An App

You can track the hours employees work in QuickBooks Online. But if your time-tracking needs are complex enough, you’ll need an integrated app.  If your company has a staff and sells services, you know better than anyone that time is money. It’s critical that you track every minute that employees work, as well as those […]

What Are My Chances of Being Audited and How Can I Reduce Them?

Audits are relatively rare, as fewer than 1% of taxpayers grouped by income level will get that dreaded notice on their IRS letterhead. Statistics show that for the average American who earned $50‒70K per year, only about half a percent of those tax returns were audited. If you made between $25‒50K or between $75‒100K, less […]

Get Those Kids a Job, and Take Advantage of Tax Breaks

Article Highlights Higher Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax. This generally applies to children under the age of 19, or full-time students between the ages of 18 and 24. The kiddie […]

Does Your Tax ID Number Need to be Renewed?

Article Highlights: Expiring ITINs IRS Currently Accepting Renewal Applications Family Renewal Options How to Renew Common Errors to Avoid According to the Internal Revenue Service (IRS), just about 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019. ITINs are used by people who have tax filing or payment […]