Quickbooks Tip of the Month: May

Dec 5, 2019 | Business, Personal Finance, Quickbooks

Did you know that you can save images of receipts using Quickbooks Online Mobile? This app can be downloaded free for Android devices from the Google Play Store or for iPad and iPhone devices from iTunes. Data such as expenses can be directly entered into Quickbooks online with a copy of the receipt attached. The expense will be imported directly into Quickbooks. This feature reduces the risk of losing important data and eliminates cluttered office space. In addition, Quickbooks Online Mobile app can be used for sales receipts, estimates, invoices and payments. The app allows users to have an image and notes attached to almost any transaction. For example, attach an image of a sample window to an estimate and send it to the client within minutes. Internet access such as a data plan or wi-fi connection is required.

← Business Health Checkup: Pre-Tax Net Income - Operating Expenses OVDP or Streamlined: Choosing an Offshore Disclosure Program →

Subscribe to our Accounting, Tax and Business Insights Newsletter

Phone

This field is for validation purposes and should be left unchanged.

Email Address(Required)

Email Address:

Name(Required)

First Name: Last Name:

Privacy(Required)

I agree with the storage and handling of my data by this website. - Privacy Policy *

Planning for Medicare Taxes, Premiums and Surcharges

Healthcare

Recently, Francis C. Thomas, CPA, PFS published an article on Medicare Planning in the Journal of Accountancy, published by the American Institute of Certified Public Accountants. We are happy to share the link to that article with you here. In this article, Frank...

Private Equity Investors in Medical/Dental Practices

Business, Healthcare

For over a decade, private equity groups have been investing capital in dental practices. Many national dentistry groups have expanded or evolved from some of the largest investments of private equity funds. Often there are a series of such investments and, because...

The Tax Cuts & Jobs Act: What you need to know for 2019 taxes

Tax

The Tax Cuts and Jobs Act was the most significant set of changes to the U.S. tax code in several decades. Most changes went into effect with the 2018 tax year. Here is what you need to know for the 2019 tax year filing: Standard deduction is as follows: Single...

Don’t be the victim of a tax scam

Tax

Earlier this month the best bit of tax scamming I’ve seen in my career crossed my desk. While there are many red flags on the document below, at first blush it’s the real deal, a balance due notice from the IRS. And not an outrageous bill; something you might consider...

This is not a scam!

Tax

The IRS has announced that it will conduct special “compliance efforts” for businesses and individuals in various communities. The purpose is to meet face-to-face with taxpayers with ongoing tax issues. These meetings will take place in areas where the Service’s...

Household Employees

Tax

How do you determine if an individual who is hired to do household work is considered a household employee or an independent contractor? Per the IRS guidelines, an individual who works around your home is considered a household employee if you can control the type of...