by Bobbie Witt | Feb 19, 2019 | Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business
Projecting A/R collections is important for meeting requirements as they come due. Being able to identify customers who won’t pay, is important for estimating uncollectible A/R. Your uncollectible A/R history and sales staff are good sources. For example, if history...
by Bobbie Witt | Jan 29, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Profit First, Small Business, tax tips
2018 Schedule C-EZ simplified version is available for some proprietors If the filer is self-employed and business meets certain conditions: The business expenses equal $5,000 or less; Has only one businessThere are no employees Also, the business must: Show no...
by Bobbie Witt | Jan 28, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business, tax tips
Here we talk about the often-missed kinds of payroll fraud and what to do: #1. “Ghost employee,” receiving paychecks, Normally this could be a former employee, possible vendor, a made-up person, which can be easily overlooked, moreso if your company has a larger...
by Bobbie Witt | Jan 14, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Profit First, Small Business, tax tips
Businesses can use the federal per diem rates, including meals and incidental expenses to reimburse employees for business travel expenses. Rates have been in effect since October 1, 2018 and will remain in effect until September 30, 2019. Incidental expenses only...
by Bobbie Witt | Jan 8, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Profit First, Small Business, tax tips
Tuesday Tip Day To make sure your employees paycheck names and social security numbers match the W-4 they completed on their employment, use the Social Security Administration’s SSN Verification Service. For tax purposes, wages earned in 2018 but paid by check or...
by Bobbie Witt | Jan 7, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Profit First, Small Business
The Social Security Administration (SSA) has resumed audits and penalizing employers for mismatched names and social security numbers. In August 2018, the Social Security Administration (SSA) mailed “Educational Correspondence” letters to employers whose W-2s had a...
