Monthly Archives: April 2013

Spring Cleaning: Streamlining QuickBooks 2013

Although Intuit did a great job of giving QuickBooks' home page a fresher, more "open" look in its 2013 versions, maybe some of your screens have become unnecessarily cluttered. Perhaps your QuickBooks company file needs some attention as well. By taking a few minutes to do some "spring cleaning" you'll have a tidier workspace, and…
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Simplified Option for Home Office Deduction in 2013

If you're one of the more than 3.4 million taxpayers claimed deductions for business use of a home (commonly referred to as the home office deduction), you might be interested in the new simplified option available for taxpayers starting with the 2013 return most taxpayers file early in 2014. The new optional deduction, recently announced…
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Estimated Tax Payments – Q&A

Question: How do I know if I have to file quarterly individual estimated tax payments? Answer: If you owed additional tax for the prior tax year, you may have to make estimated tax payments for the current tax year. If you are filing as a sole proprietor, partner, S corporation shareholder, and/or a self-employed individual, you generally…
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Late-Penalty Relief for Extended Filers

Due to delays at the start of the tax season, the IRS is providing late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching forms to their returns that couldn't be filed until after January. The relief applies to the late-payment penalty, normally 0.5 percent per month, charged on tax…
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