Third Hand Bookkeeping Service

So you were fortunate enough to receive a tax refund this year. What are your plans for the money? Here are five ideas worth considering. 1. Pay down debt. Start with debts that carry the highest interest rates first, then move down the line. This is like savings on savings as you are freeing up […]

If you are like most of America, finding ways to save more and spend less is a challenging task. Sometimes all it takes is a creative solution to change your behavior. Here are some creative ideas to save money. Turn yourself into a vendor. Each month when paying your bills, present yourself a savings invoice. Then when […]

Annual reporting is required for all organizations that wish to keep their non-profit status intact. The non-profit annual filing due date is May 16, 2016 for calendar year organizations. How can you help ensure your favorite charities stay compliant? Check on-line. The IRS has a master list of charitable organizations recognized as non-profits in good […]

Changing your financial situation can seem to be an overwhelming task. Like most large problems, the best way to address them is to break them down into smaller, more manageable problems. The same holds true with your financial well being. Here are five small ideas that can yield big results to help improve your financial […]

Over the past few years the IRS has made the use of penalties and fines a more prevalent tool to encourage compliance among taxpayers. This “stick” approach is in direct contrast to the “voluntary” philosophy built within our tax system. Here are a dozen of the more common penalties and fees. S-Corporation and Partnership late […]

Want your tax return filed quickly and without error? Then double-check this handy list of items that are often overlooked. Review and signing your e-file approval. The sooner you review and approve your tax return, the sooner it can be filed. Having proof of health insurance. Most taxpayers should receive a Form 1095 that confirms you have […]

Often lost in the race to get kids through high school and on to life in the “real world” are basic financial skills that are simply not covered. Here are dozen financial concepts every high school student should know. How bank accounts work. Provide your student a basic understanding of checking accounts and savings accounts. […]

The clock is ticking down to the pending tax-filing deadline of April 15th. Here are some examples when filing an extension might make sense other than rushing to meet the filing deadline. Incorrect Form 1095-A. If you received health insurance through the new Healthcare (Marketplace) Exchange, you may have received an incorrect Form 1095-A recapping […]

Here are ten easy steps to better organize your bookkeeping records so the next time you open up QuickBooks, everything will be nicely organized for you! Vendor Invoices: Enter into your Accounting File as soon as you can. Accordion File A-Z: Use this to file your vendor invoices instead of taking up valuable file space. […]

Most of us came from the corporate world where working with budgets was an everyday occurrence. So now you are the one in charge and budgeting is the last thing on your mind for your own business. Budgeting is just as important to the small business owner as it is to major corporations. It helps […]