Simplify Mileage Tracking
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Simplify Mileage Tracking

Automatic mileage tracking, is that possible? With Automatic, it is now! We are constantly asking clients for mileage to deduct on their tax returns.  You know who are you: Realtors, Contractors, Sales professionals, really anyone who gets a 1099.  Then you give us the mileage and we ask for…….you guessed it, the mileage log…  Yes, I…

2019 Filing Deadlines for 2018 Returns
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2019 Filing Deadlines for 2018 Returns

Never to early to start planning, beginning with deadlines The IRS filing deadlines are as follows for 2018 returns: Pass-Through Entities S-Corporations and Partnerships Forms 1120S/1065 Due Date: March 15, 2019 Extension Date: September 16, 2019 Corporations C-Corporations Forms 1120 Due Date: April 15, 2019 Extension Date: October 15, 2019 Individuals Personal Forms 1040 / Sched…

Supreme Court ruling impact on online retailers
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Supreme Court ruling impact on online retailers

This week the US Supreme Court (SCOTUS) announced their decision on the South Dakota v Wayfair case it heard back in April. A little history. The current laws are based off the Quill case that was heard in 1992, which set the standard for physical nexus. That standard is a few years past it’s usefulness…

October 16, 2017: Final Individual Tax Return Deadline
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October 16, 2017: Final Individual Tax Return Deadline

If you’re a self-employed individual and you requested an extension–heads up! October 16, 2017, is the deadline for filing tax returns for 2016. It is the last day the IRS will accept an electronically filed tax return using forms 1040, 1040A, and 1040EZ. If you file after October 15, you’ll have to mail in your tax…

Time To Update Your Payroll Tax Rates
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Time To Update Your Payroll Tax Rates

https://youtu.be/rdR_6RxXXFo Most states update their state unemployment tax (SUI) rates annually. You probably received a letter like this one and thought what am I supposed to do with this?  Well, you either need to send it you your payroll provider, or update your payroll system to calculate the correct rate. If you are on our…

Practice Ignition Gives Your Firm a Kick in the Admin
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Practice Ignition Gives Your Firm a Kick in the Admin

Practice Ignition adds efficiency to client administration, leaving you the time to do what you love. We have been using Practice Ignition for about 2 years now.  It was this years tax extension filing season when we seen that a-ha moment.  I have loved Practice Ignition from first sight, but once we got access to payments, it took…

Proper Workflow Necessary for Efficiency
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Proper Workflow Necessary for Efficiency

Tax Preparation WorkFlow Roundtable This video is the result of recent thread regarding workflow on Accountants, Bookkeepers and Business Owners , a collaborative Facebook group with over 6000 members. One of the members posted a question about workflow for her growing tax practice that generated a lot of interest and prompted us to set up the roundtable.  Best…