New Per Diem Rates for Travel and Business Expenses

New Per Diem Rates for Travel and Business Expenses

Effective as of October 1st, the IRS has released their annual report of the updated per diem rates taxpayers may use for business and travel expenses. Used in the high-low substantiation method and to give taxpayers an idea of how much they can spend per day to leave...
7 Steps to Obeying Nanny Tax Laws

7 Steps to Obeying Nanny Tax Laws

Most of us when we think of the word “nanny” picture a twenty-something college student, watching the kids during the weekdays for cash before she heads home for the night. Rarely, if ever, do we think “employee, with payroll, a time-card, and W-2”. But did you know...
Why Your Business Needs an Accountable Plan

Why Your Business Needs an Accountable Plan

Most employers are in the practice of reimbursing their employees for business expenses, but did you know that the form that reimbursement takes can now cost you in tax dollars? If you’re going to pay back any of your employees for work-related expenses this year –...
Bank Import vs Reconciliation

Bank Import vs Reconciliation

Are you an entrepreneur using QuickBooks Online and assuming that the import to QuickBooks from your bank means that your accounts are reconciled? I’ve worked with some people in the last couple months who’ve wanted to offload their bookkeeping and when I...

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