RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Fri, 01 Oct 2021 09:00:00 -0500 Fri, 01 Oct 2021 09:00:00 -0500 Use These Strategies To Pass on Wealth to Heirs Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 Small Business: Tips for Ensuring Financial Success Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 Defer Capital Gains Using Like-Kind Exchanges If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 What Is a Designated Roth Account? If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 Verifying Your Identity When Calling the IRS If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 Tax Rules for Divorce and Alimony Payments Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 Tax Relief for Those Affected by Natural Disasters Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 Six Things To Know Before You Start a Business Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 Is Nonprofit Form 990 Required Drudgery or a Great Marketing Tool? Form 990 as marketing tool. Tue, 23 Oct 2018 09:00:00 -0500 Class Tracking in QuickBooks Will class tracking benefit your business? Thu, 21 Dec 2017 09:00:00 -0600 Open Multiple Windows in QuickBooks Online Navigation trick in QuickBooks Online Mon, 27 Nov 2017 09:00:00 -0600 1099's and W2's Due by the End of January 2018 When to file 1099s and W2 for 2017 Mon, 27 Nov 2017 09:00:00 -0600 Did I Just Hire an Employee or Independent Contractor? At Net Profits For You, LLC, we set up and integrate modern tools, like Quickbooks Online, Apps, Bank Downloads, and Shopping Carts to manage your online finances. Wed, 31 May 2017 09:00:00 -0500 Hubdoc Advanced Certification At Custom Professional Accounting our clients are our top priority. That is why Barbara is dedicated to making sure she is knowledgeable in the latest accounting software and adds on. Wed, 13 Jul 2016 09:00:00 -0500 What to do if you get a Letter from the IRS Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS don't panic. Tue, 28 Jun 2016 09:00:00 -0500 Stop Missing Potential Sales You spend the money advertising to generate calls, when you get the calls you spend the time working up estimates, and thenâ?¦.nothing. You may be letting potential income slip through your fingertips by simply not following up. Tue, 21 Jun 2016 09:00:00 -0500 Are You Missing Income Due to a Bookkeeping Error? If you use the billable time and expenses feature in QuickBooks you could be missing income due to a simple data entry error. Tue, 14 Jun 2016 09:00:00 -0500 QuickBooks Online Update: Time Saver or Potential Headache? QuickBooks most recent update now gives you the option to create bank rules that will allow QuickBooks to accept bank feed transactions and move them into QuickBooks for you. Tue, 07 Jun 2016 09:00:00 -0500 QuickBooks Online: Auto Email A/R Reports Whatâ??s the most effective way to improve your cash flow? Make sure youâ??re getting paid! Tue, 31 May 2016 09:00:00 -0500 Tax Tips for Starting a Business Here are five tax tips that can help you get your business off to a good start. Tue, 17 May 2016 09:00:00 -0500 Standard Mileage Rates in 2016 Standard Mileage Rates in 2016 Tue, 10 May 2016 09:00:00 -0500 QBO Bank Feeds: Funds Transfers & Credit Card Payments Are you recording funds transfers and credit card payments correctly in QuickBooks? If youâ??re like most people you probably arenâ??t. Tue, 03 May 2016 09:00:00 -0500 Employee or Independent Contractor? If you classify an employee as an independent contractor and you have no reasonable basis for doing so, you may be held liable for employment taxes for that worker. Tue, 26 Jan 2016 09:00:00 -0600 Are You Missing Business Tax Deductions? Each year many small business owners overlook deductible expenses. With yearend approaching itâ??s the perfect time to make sure youâ??re not missing any expenses on the books. Tue, 10 Nov 2015 09:00:00 -0600 Has Your Eligibility Through the Health Insurance Marketplace Changed? Did you know that certain life changes can effect on your eligibility through the Health Insurance Market Place? Tue, 03 Nov 2015 09:00:00 -0600 Is Canceled Debt Taxable? Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. Tue, 20 Oct 2015 09:00:00 -0500 QuickBooks Online September 2015 Update QuickBooks released another update to QuickBooks Online in September 2015. Keep reading to see the newest improvements. Tue, 06 Oct 2015 09:00:00 -0500 There Are Choices for Claiming Auto Deductions Itâ??s common knowledge that tracking your mileage and vehicle expenses can result in large tax deductions. But did you know that there are choices for claiming these deductions that can have a large impact on your tax return. Are you choosing the most financially beneficial method for you? Tue, 22 Sep 2015 09:00:00 -0500 New App Enhances QuickBooks Online Navigation QuickBooks has mixed the best of both worlds, the anytime anywhere access of QuickBooks Online with some of the features previously only available in QuickBooks desktop: Introducing the QuickBooks Windows app. Tue, 15 Sep 2015 09:00:00 -0500 More QuickBooks Online Updates Letâ??s take a look at some of the upgrades and improvements made to QuickBooks Online in August 2015. Tue, 08 Sep 2015 09:00:00 -0500 Accountant Access to QuickBooks Online QuickBooks Online has made it very easy for your accountant or bookkeeper to access your file at any time. Tue, 01 Sep 2015 09:00:00 -0500 Tax Planning for Small Business Owners Many small business owners ignore tax planning. They don't even think about their taxes until it's time to meet with their accountants, but tax planning is an ongoing process and good tax advice is a valuable commodity. Tue, 25 Aug 2015 09:00:00 -0500 Identity Theft and Your Taxes Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. It presents challenges to individuals, businesses, organizations and government agencies, including the IRS. Tue, 18 Aug 2015 09:00:00 -0500 Finally, QuickBooks Online Tutorials Finally, Intuit has provided video and written tutorials for the new QuickBooks Online. Tue, 11 Aug 2015 09:00:00 -0500 Stay Organized in QuickBooks Online Stay organized and keep most of your information in one place by using the attachment feature in QuickBooks Online. Tue, 04 Aug 2015 09:00:00 -0500 QuickBooks Mobile App In this busy modern world we all want things done right now! We have to be able to work on the go and apps for your phone can be great solution, but there are just so many to choose from. So for that reason we at Custom Professional Accounting have decided to save you some time by handling the research and test driving some of the latest and greatest apps each month and reporting back. Tue, 28 Jul 2015 09:00:00 -0500 Common Bookkeeping Errors Whether you just opened shop and are embarking on your entrepreneurial adventure or youâ??re a seasoned veteran with twenty years under your belt, all business owners are human and make bookkeeping errors. Tue, 21 Jul 2015 09:00:00 -0500 Should I Upgrade to Enterprise Solutions 2015? Thinking about upgrading to QuickBooks Enterprise Solutions 2015? There are a few things to consider. Tue, 14 Jul 2015 09:00:00 -0500 Enterprise Solutions User Roles You have more flexibility over customized access for each employee with QuickBooks Enterprise Solutions user roles. Tue, 07 Jul 2015 09:00:00 -0500 Internal Theft & QuickBooks As a small business owner, your QuickBooks file contains a lot of sensitive information such as your bank account number and balances, employee pay and tax info, business loan information, just to name a few. Also, your customers trust you enough to provide you with private information like email addresses and credit card numbers which are stored in QuickBooks. And while you may not want to consider it, your own employees, rather than external hackers may be your biggest threat. Tue, 16 Jun 2015 09:00:00 -0500 Improve Your Cash Flow Today Whatâ??s the most effective way to improve your cash flow? Make sure youâ??re getting paid! I know some of you are thinking â??Duh, this is common sense!â?, but more often than not I see small business owners letting their accounts receivable get out of control. Tue, 09 Jun 2015 09:00:00 -0500 Changes & Updates In QuickBooks Online Hereâ??s whatâ??s new in QuickBooks Online as of May 29th, 2015 Tue, 02 Jun 2015 09:00:00 -0500 Are You Missing Business Tax Deductions? Each year many small business owners overlook deductible expense. However the good news is: I find that the most common is also the easiest to fix. Tue, 26 May 2015 09:00:00 -0500 Overpaying Income Tax Because of a Bookkeeping Data Entry Error? Are you overpaying income tax because of a data entry error? I have found that many small businesses are. Tue, 19 May 2015 09:00:00 -0500 Customer notes are back in QuickBooks Online! On 4/29/2015 Intuit finally made the customer notes visible in the Customer screen again in QuickBooks Online. Tue, 12 May 2015 09:00:00 -0500 Explore QuickBooks Online, Hassle Free for Free Whether youâ??re considering converting to QuickBooks Online, or have already made the plunge, you may want to test drive the features QuickBooks Online has to offer without worrying about â??messing upâ? your own company file. I am happy to tell you that there is a way! Tue, 28 Apr 2015 09:00:00 -0500 Save Time With This Helpful QuickBooks Online Tip! You can turn on a setting in QuickBooks Online to pre-fill forms such as checks, bills, expenses, purchase orders, etc. with previously entered content. Tue, 21 Apr 2015 09:00:00 -0500 Memorize Transactions to Save Data Entry Time One of the reasons you started using accounting software, among many others, was to save time. And QuickBooks has complied. Once you create a record for a customer, vendor, item, etc., you rarely - if ever - have to enter that information again; you simply choose it from a list. Tue, 14 Apr 2015 09:00:00 -0500 QuickBooks Online Will Email Reports for You Save yourself time and schedule reports to automatically email from QuickBooks Online. Fri, 03 Apr 2015 09:00:00 -0500 Have No Fear, the Audit Log is Here! Find out who did what and when in your QuickBooks Online company file. Tue, 24 Mar 2015 09:00:00 -0500 Turn Estimates to Invoices in QuickBooks Online Save data entry time by copying existing estimates to invoices. Tue, 17 Mar 2015 09:00:00 -0500 Do You Need to Set a Closing Date in QuickBooks? Its tax time and youâ??ve completed the books for year end and sent your information off to your tax preparer. So the ball is out of your court right? Not just yet! Tue, 10 Mar 2015 09:00:00 -0500 Getting Documents to Your Accountant Made Easy QuickBooks is in the processing of updating all QuickBooks Online Accountant users the Request Documents feature that allows accountants and bookkeepers to compose and send an email from QuickBooks, attach documents, and request documents all from one place. So how is this tool relevant to you, as the business owner? Tue, 03 Mar 2015 09:00:00 -0600 Get paid faster with Intuit's E Invoicing? Intuit has been boasting that you can get paid faster with their new E Invoicing feature so here at Custom Professional Accounting we decided to put it to the test, and here are our results. Tue, 24 Feb 2015 09:00:00 -0600 QuickBooks Online Pros & Cons Intuits recently amped up marketing campaign for QuickBooks Online has prompted quite a few clients to call us with questions about the benefits of QuickBooks Online vs. Desktop. Before you decide to move to the cloud letÃ???????Ã??????Ã?????Ã????Ã???Ã??Ã?¢??s take a look at some of the pros and cons of QuickBooks Online. Tue, 17 Feb 2015 09:00:00 -0600 QuickBooks Online 2/3/2015 Update On February 3, 2015 Intuit released several improvements and fixes to QuickBooks Online. Tue, 10 Feb 2015 09:00:00 -0600 Year-End Checklist Make tax time easier by starting your year-end checklist now! Wed, 28 Jan 2015 09:00:00 -0600 QuickBooks Customer Snapshot View vital customer information in a snapshot Tue, 02 Sep 2014 09:00:00 -0500 QuickBooks Company Snapshot QuickBooks Company Snapshot Wed, 27 Aug 2014 09:00:00 -0500 QuickBooks New Bounced Check Feature QuickBooks New Bounced Check Feature Mon, 18 Aug 2014 09:00:00 -0500 New Income Tracker in QuickBooks 2014 New Income Tracker in QuickBooks 2014 Mon, 18 Aug 2014 09:00:00 -0500 Attach Documents to Emailed Invoices Directly from QuickBooks Attach Documents to Emailed Invoices Directly from QuickBooks Mon, 04 Aug 2014 09:00:00 -0500 QuickBooks Reminder Lists How to set up and use QuickBooks/Enterprise Solutions Reminder Lists Mon, 14 Jul 2014 09:00:00 -0500 Tech Tip Tuesday - QuickBooks Enterprise Solutions Custom Field Reporting We will show you how to quickly create a report displaying data from your custom field in QuickBooks Enterprise Solutions. Tue, 17 Jun 2014 09:00:00 -0500 Tech Tip Tuesday - QuickBooks Enterprise Solutions Custom Fields By using custom fields in QuickBooks Enterprise Solutions the information you need to effectively run your business can be at your fingertips. Tue, 10 Jun 2014 09:00:00 -0500 5 Reasons to Reconcile Bank & Credit Card Statements We cannot stress enough how important it is to reconcile your bank and credit card statements. Wed, 04 Jun 2014 09:00:00 -0500 Enterprise Solutions User Roles Enterprise Solutions has 14 predefined user roles. Tue, 27 May 2014 09:00:00 -0500 QuickBooks Maps and Directions Save time using the Maps and Directions Tue, 20 May 2014 09:00:00 -0500 QuickBooks Online Keyboard Shortcuts Wed, 07 May 2014 09:00:00 -0500 New QuickBooks Online Tech Tips Mon, 28 Apr 2014 09:00:00 -0500 QuickBooks Online Tech Tips New users will get the new QuickBooks online when they sign up. Mon, 21 Apr 2014 09:00:00 -0500 QuickBooks 2011 Sunsetting QuickBooks 2011 is Sunsetting Thu, 10 Apr 2014 09:00:00 -0500 Keyboard Shortcuts for QuickBooks Online - Dates Date Keyboard Shortcuts for QuickBooks Online Tue, 08 Apr 2014 09:00:00 -0500 Desktop QuickBooks Icon Bar Color Customization Tech Tip Tuesday - Desktop QuickBooks Icon Bar Color Customization - Custom Professional Accounting Tue, 01 Apr 2014 09:00:00 -0500 QuickBooks QuickMath Calculator Learn how to use QuickBooks QuickMath Calculator Mon, 31 Mar 2014 09:00:00 -0500 Memorized Transactions How to memorized recurring transactions in QuickBooks Wed, 26 Mar 2014 09:00:00 -0500 Date Keyboard Shortcuts Quick ways to enter dates in QuickBooks Sun, 23 Mar 2014 09:00:00 -0500 Tech Tip Tuesday - Date Shortcut Keys These shortcut keys work for both QuickBooks online and desktop versions Tue, 18 Mar 2014 09:00:00 -0500 Tech Tip Tuesday - QuickMath Calculator QuickMath Calculator Tue, 11 Mar 2014 09:00:00 -0500 Tech Tip Tuesday - Keyboard Short Cuts QuickBooks tips and shortcut keys Tue, 04 Mar 2014 09:00:00 -0600 E Myth Revisited The E-Myth Revisited by Michael E. Gerber is a must read for small business owners. Fri, 21 Aug 2009 09:00:00 -0500