Monthly Archives: September 2016

Setting Up User Access in QuickBooks

If you've ever done your bookkeeping manually, you've probably only allowed certain employees to see every sales form and account register and payroll stub. Most likely, you established a system that allowed staff to work only with information that related to their jobs. Even so, there may have been times when, for example, someone pulled…
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Small Business Health Care Tax Credit: The Facts

As a small employer, you may be eligible for a tax credit that lets you keep more of your hard-earned money. It's called the small business health care tax credit, and it benefits employers that: offer coverage through the small business health options program, also known as the SHOP Marketplace have fewer than 25 full-time…
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Bitcoins Treated as Property for Tax Purposes

Many retailers and online businesses now accept virtual currency for sales transactions. Despite IRS issuing a set of FAQs last year regarding virtual currency, the U.S. federal tax implications remain relatively unknown to many retailers. If you're a retailer who accepts virtual currency such as bitcoins for transactions, here's what you need to know. Sometimes,…
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Understanding the Gift Tax

If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are seven tax tips about gifts and the gift tax. 1. Nontaxable Gifts. The general rule is that any gift is a taxable gift. However, there…
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