Tips for Recently Married or Divorced Taxpayers

Brian SingletonBlog, Old Site, Watch Your Wallet

Newlyweds and the recently divorced should ensure the name on their tax return matches the name registered with the Social Security Administration. A mismatch could unexpectedly increase a tax bill or reduce the size of any refund. For recently married taxpayers, the tax scenario begins when the bride says “I do.” If she takes her husband’s last name, but doesn’t tell the SSA about the name change, a complication may result. If the couple files a joint tax return with … Read More

10 Overlooked QuickBooks Reports That You Should Use

Brian SingletonBlog, Old Site, Watch Your Wallet

Just about every QuickBooks user relies on the Report Center and Reports menu, but if you’re like most, you have a small handful of reports that you tend to rely on. In this article we’ll go off the beaten path and explore ten reports that many users overlook. Even if you are using some of these reports, we’re sure you’ll find a few more to add to your repertoire. 1. Profit & Loss Summary Prev Year Comparison To access this … Read More

QuickBooks Helps You Navigate Tricky Waters

Brian SingletonBlog, Old Site, Watch Your Wallet

The price of gasoline is just one of many factors putting pressure on our economy as a whole. Now it’s more important than ever to keep a close eye on your company’s performance. Many business owners compare financial results to an annual budget. If you don’t have your budget in place yet, we’ll show you how to get started. Even if you have, we’ll show you how to use last year’s results as a measuring stick with comparative financial reports. … Read More

16 Bank Reconciliation Tips and Tricks for Quickbooks

Brian SingletonBlog, Old Site, Watch Your Wallet

Although it may seem like drudgery, reconciling your bank account is a critical accounting task that you should carry out each month. Doing so helps ensure the integrity of your financial reports, since most of your accounting transactions ultimately affect cash in some fashion. Further, QuickBooks is a much more powerful tool for your business if you use it to its fullest extent. Most likely you’ve been reconciling your bank account all along, so in this article we’ll discuss the … Read More

IRS Warns Taxpayers of New E-mail Scams

Brian SingletonBlog, Old Site, Watch Your Wallet

The IRS continues to issue warnings on new e-mail scams. New e-mail scams appear almost monthly and the IRS wants taxpayers to know that these e-mails are scams and what taxpayers should do (and not do) if they receive a questionable IRS e-mail. First, taxpayers should know that the IRS does not send out unsolicited e-mails or ask for detailed personal and financial information. Further, the IRS never asks people for the PIN numbers, passwords or similar secret access information … Read More