Northfield NJ CPA – Tax, Accounting & Consulting Services (609) 641-4000  | 

Quickbooks Tip of the Month: July

Quickbooks Tip of the Month: July

Make QuickBooks automatically re-enter transactions that occur repeatedly. The short cut to do this is to press “Ctrl+M” while you’re entering a transaction. You’ll get a “Memorized Transaction” tool that will allow you to specify the parameters in order for repeat...
Canceled Debt – Is it Taxable or Not?

Canceled Debt – Is it Taxable or Not?

Canceled Debt – Is It Taxable or Not? If you borrow money and are legally obligated to repay a fixed or determinable amount at a future date, you have a debt. You may be personally liable for a debt or may own a property that is subject to a debt. If your debt is...