We briefly covered a few QuickBooks features at one of our most recent seminars, including how to use the Class function. Afterward, we had several attendees express interest in learning more about how to use the Class feature in QuickBooks. Although implementing and maintaining QuickBooks Classes can be a bit intimidating, it’s a much easier…
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Improving accuracy in Excel spreadsheets over time becomes difficult as formulas tend to get longer and less accurate. Often times when we use Excel formulas, we do them as a one-time thing to solve the immediate need. You may copy and paste that same formula somewhere else and the inaccuracies continue. This quick tip for…
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Qualified Opportunity Zones (QOZ) is a new benefit created with the new tax reform legislation and is one of the largest incentives to taxpayers that we’ve seen in a long time. Although fairly complex in terms of timing, they are simple to set up and maintain—absolutely worth the effort in terms of tax savings. (View…
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If you’re planning to utilize the benefits of a Qualified Opportunity Zone (QOZ), you must invest your gain into a Qualified Opportunity Fund (QOF). They are fairly simple to create, but be cognizant of the tests to stay certified and the deadlines for avoiding penalties. Read on to learn more about how, when, and why…
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Are you thinking about purchasing interest in real estate? Since real estate is often owned within partnerships, one way to invest in real estate is to purchase an interest in a real estate holding partnership from a previous member, or if you are currently invested in real estate through a partnership you can increase your…
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If you are looking to take a few extra steps in order to prevent internal accounting fraud, then you may want to try dividing up tasks. First of all, accounting fraud can happen to anyone–even business owners who are smart, actively involved, and meticulous. Therefore, if it can happen to them, it can definitely happen…
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