Social Security Wage Rates for 2016

Posted on 27. Dec, 2015 by in QuickBooks, Small Business Tips, Tax Updates, VirtualConnections Newsletter

The Social Security wage base remains unchanged for 2016.  Maximum taxable earnings will stay at $118,500, and the tax rate will stay at 6.20% for both employees and employers. The Medicare tax on all wages and self-employment income also remains the same at 1.45%. (Note:  Despite the reallocation of Social Security retirement and survivor’s trust fund money to […]

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Tis the Season…for Review

Posted on 10. Dec, 2015 by in Bookkeeping Articles, QuickBooks, Services, Small Business Tips, VirtualConnections Newsletter

As 2015 winds to a close, there are a number of tasks that should be reviewed. To help you plan accordingly, here are some things to consider. Employee benefits. Most employer benefit plans have enrollment periods that coincide with the calendar. Please review your benefit options with your employer and make any necessary changes. Common […]

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Get Finance-Savvy with 10 Accounting Terms

Posted on 01. Dec, 2015 by in Bookkeeping Articles, My Favorite Things, QuickBooks, Small Business Tips, Tax Updates, VirtualConnections Newsletter

It’s good to know some basic accounting terms, and here are ten terms with friendly definitions for your review.  Asset:  Essentially, assets are what you own.   These include your bank accounts, business equipment, and even the amounts that customers owe you. Revenue:  Revenue is what you make.  Another word for it is Sales.  You generate […]

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Three Costly Accounting Mistakes to Avoid

Posted on 10. Nov, 2015 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates, VirtualConnections Newsletter

Small business owners have a lot on their plates, and time simply does not allow you to become an expert in all the areas required for running a business.  Here are a couple of common mistakes that we see all the time.  Correcting them will help you be more productive and profitable in your business. […]

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Plenty to Gain with Tax Planning

Posted on 09. Oct, 2015 by in Bookkeeping Articles, Small Business Tips, Tax Updates, VirtualConnections Newsletter

Consider conducting a tax planning exercise now to see if you can take actions to minimize your taxes. Here are some ideas to get you started. Assess your income. Begin by determining how your income this year will compare to last year’s income. Then apply any tax implications this income change may cause. If your […]

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Is QuickBooks 2015 For You?

Posted on 22. Oct, 2014 by in QuickBooks, VirtualConnections Newsletter

Intuit recently released their new version of QuickBooks 2015 to ProAdvisors before the product is released to the mass market this month. Intuit has also done some company rebranding and you will see a new Quickbooks logo. I had a chance to poke around a bit and highlighted some of the new features in hopes […]

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QuickBooks Online: The New Interface

Posted on 09. Jun, 2014 by in QuickBooks, VirtualConnections Newsletter

For those using QuickBooks Online, you may have been introduced to their new interface over the last couple of months. The final rollouts to all companies still on the old interface will be on June 8th.  Be prepared, because navigating in the new QBO interface, the changes are significant. When you first open QBO, this […]

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QuickBooks for Mac 2014 – New Features and Enhancements You Need to Know

Posted on 09. Dec, 2013 by in MAC Tip, VirtualConnections Newsletter

As a Certified QuickBooks ProAdvisor providing bookkeeping services on the Mac platform, I know how important it is to keep up with the latest developments. Intuit has recently released QuickBooks for Mac 2014 with a few new features and improvements allowing Mac based small business owners better tools to access their important financial information. “As […]

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Is Hosted QuickBooks Right for You?

Posted on 02. May, 2013 by in Bookkeeping Articles, VirtualConnections Newsletter

If you are currently using the popular QuickBooks desktop software, you now have a fairly new option available to you:  hosted QuickBooks.  In this article, we’ll talk about what it is, what type of businesses it’s right for, and how to get started if you decide it’s for you. A Host of Opportunities Hosted QuickBooks […]

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Product Update: QuickBooks 2010 Users Technical Support Ends 5/31/2013

Posted on 04. Apr, 2013 by in VirtualConnections Newsletter, Windows Resources/Tips

Live technical support and add-on business services such as payroll, credit card processing, QuickBooks Email, and online banking will be discontinued for QuickBooks for Windows 2010, QuickBooks 2010 for Mac, and other 2010 QuickBook products as of May 31, 2013. Intuit supports QuickBooks products for 3 years before discontinuing support and services for those products whereby encouraging […]

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