So this blog post is a bit schizophrenic. I want to do a quick book review of Ben Bernanke’s book The Courage to Act. Then I want to delve into the … [Read more...] about Ben Bernanke, Scenario Planning, & Your Small Business
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U.S. Tax Rules for Nonresident Aliens
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
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
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
Lessons from Liberty Tax Service, Part 2
Last week I posted a pretty glowing review of Liberty Tax Service’s franchise model. In short, I basically fawned over the stuff Liberty does really … [Read more...] about Lessons from Liberty Tax Service, Part 2
Lessons from Liberty Tax Service, Part 1
A few weeks back, I attended a presentation for people interested in becoming Liberty Tax franchisees. A friend was thinking about the franchise, … [Read more...] about Lessons from Liberty Tax Service, Part 1
$10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?
In an online forum recently, I saw someone suggest you can accumulate a $10,000,000 Individual Retirement Account or 401(k) account. This is … [Read more...] about $10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?
Small Business IRS Audits: Minimizing Damage and Distress
Small business IRS audits can turn into a really ugly experience for some business owners, managers and entrepreneurs. But you know what? The … [Read more...] about Small Business IRS Audits: Minimizing Damage and Distress
How to Record Revenue in QuickBooks
This short blog post explains how to record your business’ revenue in QuickBooks. I’ll explain when to use the Create Invoices feature versus the … [Read more...] about How to Record Revenue in QuickBooks