Archive for the 'Managing Taxes' Category

Why Compliance Is Dead

Why compliance is dead
Compliance will keep you out of prison but will not protect your job or brand — because every regulation is based on things which happened in the past. Every new scandal creates demand for new regulation and public emotion changes. You will be judged not by whether you complied with what was [...]

March 06 2010 | Managing Taxes | No Comments »

Is there a law to file an Income tax return?

Is there a law to file an Income tax return?
Here is the video on Youtube:

February 13 2010 | Managing Taxes | No Comments »

Contractor Insurances

Why do I need insurance cover?
Attitudes to insurance vary. Some believe it to be a ‘necessary evil’ whilst others have a strong belief in the protection of their business, which insurance affords. An insurance policy is a legal contract which must be expressed in relatively complex legal terms. It is a promise to provide compensation [...]

August 08 2009 | Managing Taxes | No Comments »

QuickBooks & Turbo Tax – Optimize Your QB Data for Taxes With These 10 Tips – 2

Continuation of part 1 of the article:
6. 1099 Preparation. This isn’t a QuickBooks and Turbo Tax issue, but still applies since it’s for a similar time of year. Get it set up the right way:

From the Edit menu, select Preferences.
Select the Tax:1099 preference.
Click the Company Preferences tab.
Where it says, “Do you file 1099-MISC forms,” select [...]

January 13 2008 | Managing Taxes and Money Management | No Comments »

QuickBooks & Turbo Tax – Optimize Your QB Data for Taxes With These 10 Tips – 1

By Jennifer A. Thieme
If you are interested in using QuickBooks and Turbo Tax, there are some important steps you need to do before filing. Take care of these steps to ensure that your income tax returns are as accurate as possible.
1. Reconcile Accounts. All Balance Sheet accounts in the Chart of Accounts (COA) that can [...]

January 12 2008 | Managing Taxes and Money Management | No Comments »