Monthly Archives: June 2017

Receiving Customer Payments: What are your Options?

QuickBooks was designed to make your daily accounting tasks easier, faster, and more accurate. If you've been using the software for a while, you've probably found that to be true. Some chores, of course, aren't so enjoyable, like paying bills or reconciling your bank account...Or anything else that has the potential to reduce the balance…
Read more

Tips on Tips: Are your Tips Taxable?

Do you work at a hair salon, barber shop, casino, golf course, hotel, or restaurant, or do you drive a taxicab? The tip income you receive as an employee from those services is taxable income. Here are some tips about tips: Tips are taxable. Tips are subject to federal income and Social Security and Medicare…
Read more

10 Tips for Deducting Losses from a Disaster

National Hurricane Season is officially in progress. If you suffer damage to your home or personal property, you may be able to deduct the losses you incur on your federal income tax return. Here are ten tips you should know about deducting casualty losses: 1. Casualty loss. You may be able to deduct losses based…
Read more

Tax Tips for Students with a Summer Job

Is your child a student with a summer job? Here's what you should know about the income your child earns over the summer. All taxpayers fill out a W-4 when starting a new job. This form is used by employers to determine the amount of tax that will be withheld from your paycheck. Taxpayers with…
Read more