If you’re new to the U.S. system of taxation, you’ll find the situation pretty confusing. The U.S. system of taxation (and we say this as tax … [Read more...] about U.S. Tax Rules for Nonresident Aliens
Archives for February 2016
QuickBooks Fixed Asset Items: A Quick Tutorial
Maintaining a QuickBooks fixed asset item list does a lot to keep your asset accounts organized. A list, a good accurate list, of fixed asset items … [Read more...] about QuickBooks Fixed Asset Items: A Quick Tutorial
Why You Don’t Need to Worry about Taxes in Retirement
As a tax accountant, I am programmed to think about taxes. To worry about people paying too much in taxes. To obsess over tactics that allow clients … [Read more...] about Why You Don’t Need to Worry about Taxes in Retirement
How to Record Sales Tax in QuickBooks
If you’re running a small business that sells items subject to sales tax, you want to do good accounting for sales tax. You need to show the right … [Read more...] about How to Record Sales Tax in QuickBooks
Recording Customer Deposits in QuickBooks
Here’s a key piece of information to know. Taxpayers almost always need to report payments from customers as income to the IRS when cash is received, … [Read more...] about Recording Customer Deposits in QuickBooks