THE LESS TAXING BLOG
What To Know Before Giving To A Thrift Store
Have you noticed, when making a donation to places like Goodwill, Salvation Army, etc, the donation voucher they give you is blank? Every year, we get tons of these blank slips as no one ever knows what to do with them. When you donate stuff (called a non-cash...
Quickbooks Online –
Add vs Match
Quickbooks Online’s most important feature is the ability to download transactions from your bank and credit card accounts. Once the transactions are downloaded, QBO needs to know if it matches what’s already in the system or if it needs to be added. This simple...
Quick(books) Review
Our Quick(books) Review sessions are back in full swing. These sessions were very popular last summer and made tax time much Less Taxing for so many people. During this one hour session, we'll: Review your Balance Sheet line by line to ensure accuracy Explain what...
12 Days of Tax Planning
Organize Receipts/Paperwork — The more organized you are now, the better information you’ll have for tax planning. Defer Income (end of year bonus, etc.) — Pushing income from this year to next could result in paying less overall tax on that money. Bunch/Accelerate...
The Importance of Undeposited Funds in Quickbooks
The single biggest mistake seen when reviewing Quickbooks or Quickbooks Online files is the mess created when the undeposited funds account is not used correctly. Undeposited Funds is an option in the Deposit to drop down on the Sales Receipt and Receive Payment...
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