Edmundson

read moreBusiness planning, income and estate tax planning, QuickBooks accounting software installation and continuing support. Yes we do multi-state returns - nonresident and part-year.

read moreJudge Learned Hand gave tax planning a thumbs up when he wrote: "Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes." Court of Appeals, 2nd Circuit, Commissioner of Internal Revenue, v. Evelyn F. Gregory, Mar. 19, 1934) (Emphasis added) I provided a link to the case for those who are gluttons for punishment. The key is in forethought and planning.

read moreWe can invoice your customers, maintain your accounts receivable and accounts payable, write your checks when bills are due (you still sign them), and compile a regular financial statement for you to use in evaluating your business' progress. Using your check stubs, bank statements and other information to prepare financial statements. Bookkeeping can also be performed remotely using QuickBooks online accounting software. You can do as much or as little of your own accounting and we help with the rest.

read moreI expect to post more regularly from here on out. Please let me know in the comments if you want more information on the above subjects or have another topic you would like covered. Want to win free tickets to the Cary Rotary Club Chili Dinner? On January 30, 2015 you can have chili for lunch from 12:00 to 2:00 PM or dinner from 5:00 to 7:30 PM. The event is held at theKirk of Kildaire Presbyterian Church in Cary right across the road from McDonald's and iHop on Kildaire Farm Road.

read moreCarlton Collins, CPA has a nice chart of shortcuts available in the Windows Desktop version of QuickBooks. Some of them are standard Windows shortcuts, for example Ctrl + C copies the selected characters in most Windows programs. One of the most common QuickBooks' misunderstandings is the difference between downloading credit card or bank account transactions and reconciling. Downloading the transactions is only one step in the process. If you enter your bank transactions into QuickBooks as you make them, downloading may not even be a step you need in the reconciliation process.

read moreIn addition to the work priorities described previously, there are clients who need to promptly file 2019 returns because they are now unexpectedly unemployed. While it may seem unfair, I am prioritizing clients based on these needs and I am asking those of you that are less negatively impacted to understand. Form FinCen 114 is due June 30, 2016. No extensions are available! Failure to timely file can result in severe penalties as much as 50% of the highest account value and possible criminal charges that can carry a prison sentence.