Organize your QuickBooks
Hello everyone, Bobbie Witt here, with Bookkeeping Confidential. We are a full-service virtual bookkeeping firm here to assist small businesses such as yours to create profit in your business and understand your numbers. If at any time you have questions regarding...
Temporary 100% Food and Beverages Deductions for Small Businesses
The Internal Revenue Service and National Treasury Department have announced an increase in food and beverages deductions that businesses can claim up until 2023. The agencies have outlined which expenses would qualify for temporary 100% food and beverages deductions...
7 Questions To Ask When Hiring a Virtual Bookkeeping Firm
Hiring a bookkeeper is very essential when running a business. A bookkeeper keeps a record of the financial affairs of a business. Outsourcing a virtual bookkeeping firm is cost-efficient, energy-saving, and convenient, especially in the current global climate. How...
QuickBooks Tip of Chart Accounts
Hi everyone, Bobbie Witt here with Bookkeeping Confidential again. I want to talk to you today about the Chart of Accounts, which is the map of your business. When you first open QuickBooks, this is going to be your dashboard. Then you’re going to go over to...
Tax Credits For Small Business Employers
The Internal Revenue Service (IRS) and the Treasury Department recently released further details about the tax credits available under the American Rescue Plan to help small businesses. This clearly outlined how business owners can benefit from tax credits to be able...
Tackling Payroll Tax Evasion
Having a small payroll tax problem? Payroll tax audits, investigations and even penalties used to be routinely handled quickly by most payroll service providers. That is no longer the norm! Since 2018, it has become more apparent that a payroll tax matter can quickly...
Common Tax Errors And How To Avoid Them
The Internal Revenue Service (IRS) reminded taxpayers to check their tax returns for common errors that could delay refunds or otherwise affect normal processing. Here are some ways to avoid tax return slipups as the May 17 due date gets closer. Use electronic filing...
Top 4 Things To Share On Cloud Storage
How are you storing your business data? Of course, the days of storing files in cabinets are over. Most companies have gone digital and this means even greater risks of losing important data. Every business has some important information about their company and...
11 Tips to Prevent File Corruption
There are many tips and tricks you can use to avoid data file corruption in QuickBooks® desktop, including Enterprise Solutions. Below are 11 of the best and most impactful solutions: 1: Back up your company file and perform complete verifications. We...
Standards for Password Selection
In this digitized world, we can't avoid using sensitive/personal information online and on digital devices. In these spaces, there are ways to protect your personal information from nefarious people. Using a secure password can protect you from being hacked. In order...