Posts Tagged ‘small business’

IRS Offers Helps to Victims of Hurricane Irene

September 7, 2011

According to a September 2011 report on AccountingWeb.com the IRS will be offering “tax relief to individual and business taxpayers impacted by Hurricane Irene.”

“The IRS has announced that certain taxpayers in North Carolina, New Jersey, New York, and Puerto Rico will receive tax relief, and other locations are expected to be added in coming days following additional damage assessments by the Federal Emergency Management Agency (FEMA),” states the AccountingWeb.com article.

Some tax filing and payment deadlines will be moved to October 31, 2011. For information on disaster recovery visit disasterassistance.gov.

The following counties and municipalities are able to ask for tax relief:

  •  North Carolina: Beaufort, Carteret, Craven, Dare, Hyde, Pamlico, and Tyrell;
  •  New Jersey: Bergen, Essex, Morris, Passaic, and Somerset;
  •  New York: Albany, Delaware, Dutchess, Essex, Greene, Schenectady, Schoharie, and Ulster; and
  •  Puerto Rico: Caguas, Canovanas, Carolina, Cayey, Loiza, Luquillo, and San Juan.

Contact the IRS to learn more.
 

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Quickbooks Tips for Small Business

December 15, 2010

Small businesses are often dealing with budget issues and yet, they have many of the same financial tracking needs as any medium or large company. It is essential for any business owner be aware of some basic financial information. Up to date financial tracking and reports allow business owners and operators to make successful decisions based on accurate and real data.

Quickbooks – The Best Tool for Small Business Financial Tracking & Bookkeeping

Small businesses can follow some basic rules when using Quickbooks to help make financial tracking simple and affordable.

1. Set up your Quickbooks accounts fully. Your Quickbooks file should track all relevant accounts related to your business including checking, savings, credit cad and Paypal accounts. This will allow you the highest level of accuracy.

2. Create custom categories when necessary. Instead of using the preset categories create any specific custom categories your business needs. Also be sure and ask your accountant or bookkeeper what categories various transactions are best placed in. If you are not certain of how to get the highest tax advantages, the best thing to do is ask a tax expert.

3. Regularly review your Quickbooks reports in order to maintain a clear perspective on your business’s financial performance. Quickbooks can provide a variety of reports based on the complexity of your business and the QB tools you have chosen to use.

In addition to these 3 simple tips, researching Quickbooks online may also be helpful for any small business planning to manage the financial tracking in house. You may also consider hiring a QB expert to provide affordable Quickbooks set up and QB training services. With just a little bit of expert advice many small business owners can learn the basics of Quickbooks and accurately and affordable manage the bookkeeping. Proper bookkeeping is what will allow your business to grow into a strong and secure enterprise.

Image: Pixomar / FreeDigitalPhotos.net

Payroll, Payroll Taxes, Payroll Management: Intuit Payroll

September 28, 2010

Payroll Basics for Small Business from Intuit – Financial Tracking Experts

Are you looking to better manage your payroll and spend less time trying to organize employee data, taxes and more? Intuit can help you create financial tracking strategies  and make payroll more efficient and accurate. Click below to find out more about Payroll 101 and find out if Intuit products are right for you. 

Payroll, Payroll Taxes, Payroll Management: Intuit Payroll.

If you are looking for training and consulting when it comes to Intuit products WNC Snap can help! We offer Quickbooks training and consulting, as well as management training to assist with payroll set up, reporting and evaluation in Asheville and throughout Western North Carolina. Contact us today and let us empower you to do business based on sound financial data tat is easy to access at any time.

WNC Snap-we help make your business decisions easier!

Intuit Press Room: Small Business Employment Index Shows Slow Job Growth

September 8, 2010

August 30, 2010 – Intuit Small Business Employment Index Shows Job Growth But at Slower Rate Than Earlier in Year

26,000 Jobs Added in August; Wages and Hours Worked Remained Steady

According to the INTUIT PRESS ROOM, “small business employment grew slightly in August, but at a declining rate compared to healthy gains made in January through April. While job growth slowed, hours worked and compensation per employee remained steady.”

“‘Small business employment grew slightly across many parts of the country,’ said Cameron Schmidt, vice president of Intuit’s Employee Management Solutions division. ‘In states where the Index includes more than 1,000 small firms, New York and Virginia saw the greatest growth, while New Jersey saw the greatest decline in employment.'”

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