QuickBooks Online Plus offers the ability to create purchase orders. But they require knowledge that may be foreign to you. If your business purchases products from vendors that you then sell, you may have occasion to use purchase orders. These forms simply tell your suppliers what items you want to buy from them. Not all […]
Making a Year’s Profit in a Seasonal Business
Running a business takes an enormous amount of time and energy. It’s not easy keeping up with all the details, so many business owners seek help from Roe CPA, P.C., an Atlanta CPA firm with extensive experience in all facets of small business accounting. If you have a seasonal business, you most likely face some […]
Understanding The Financial Differences Between Home Renovations
Some improvements are likely to increase your home’s value. However, others may actually decrease potential buyers’ interest in your home. So, put away your toolbox until you know more about projects that typically don’t pay. Too Much Improvement When you remodel your house, it should be in keeping with your neighborhood. Having your house stand […]
Customize QuickBooks Forms for a More Professional Image
Want an easy, free way to make your business look more professional and polished? Customize your forms. QuickBooks has the tools. You probably don’t get as many paper forms in the U.S. Mail as you used to. But when you do, do you draw conclusions about the business that sent them based on what their […]
Does The Sale of Your Home Qualify For A Federal Income Tax Exclusion?
So, you’ve sold your home and made a nice profit on the sale. Now you may be wondering if Uncle Sam is entitled to a cut of this profit. Although gain on a home sale is potentially taxable, you may qualify for a federal income-tax exclusion. The Rules in General If you’re a single taxpayer, […]
Know Your Tax Requirements for Your Rental Properties
For years, owners of rental properties that show a tax loss have had to contend with the tax law’s “passive loss” limitations. With limited exceptions, real estate rental losses may be used only to reduce passive income — the rental losses are not currently deductible against nonpassive income, such as salary. Now, owners of real […]