Monthly Archives: October 2014

Customize Reports, Make Better Business Decisions

Do you remember why you started using QuickBooks? You may have simply wanted to produce sales forms and record payments electronically, over time expanded your use of the software--perhaps paying and tracking bills through it and keeping an eagle eye on your inventory levels. And, it's likely that you've also run at least some of…
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Tips for Self-Employed Taxpayers

If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are six tips you should know about income from self-employment: Self-employment income can include income you received for part-time work. This is in addition to income from…
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Hobby or Business? Why It Matters

Millions of Americans have hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting, but when that hobby starts to turn a profit, it might just be considered a business by the IRS. Definition of a Hobby vs. a Business The IRS defines a hobby as an activity that is not pursued for profit.…
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Tax Due Dates for October 2014

October 10 Employees who work for tips - If you received $20 or more in tips during September, report them to your employer. You can use Form 4070. October 15 Individuals - If you have an automatic 6-month extension to file your income tax return for 2013, file Form 1040, 1040A, or 1040EZ and pay any tax,…
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