Monthly Archives: February 2017

Anatomy of a QuickBooks Inventory Item

When you started your business, maybe you were able to keep track of your inventory by peering in the closet or your garage. As it grew, that simply took too long. But you became tired of running out of stock because you didn't have time to constantly check its levels, and you forgot about items…
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Qualifying for a Health Coverage Exemption

With the 2017 tax filing season in full swing, it's not too early to think about how the health care law affects your taxes. The Affordable Care Act requires you and each member of your family to do at least one of the following: Have qualifying health coverage called minimum essential coverage Qualify for a…
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Kids’ Day Camp Expenses May Qualify for a Tax Credit

Day camps are common during school vacations and the summer months. Many parents enroll their children in a day camp or pay for day care so they can work or look for work. If this applies to you, your costs may qualify for a federal tax credit. Here are 10 things to know about the…
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Updated Withholding Tables for 2017

Updated income-tax withholding tables for 2017 have been released. The newly revised version contains percentage method income-tax withholding tables and related information that employers need to implement these changes. In addition, employers should continue withholding Social Security tax at the rate of 6.2 percent of wages paid. The Social Security wage base limit remains at…
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