Tax Season Is Over at Last

SJG Tax Alpharetta

By Stacey Gorowitz, CPA, MBA If you’re like most people, you’re heaving a sigh of relief this week and feeling like a huge weight has come off your shoulders, all because this year’s taxes are over and done with at long last. From finding the documents you need to writing the check (or waiting to get your refund), none of the tax-associated activities are likely to be at the top of your “favorite things about spring” list. Handing the task over to a good CPA makes it much less of an ordeal, but even if you did so you probably picked up some general tax season angst from friends and colleagues who weren’t as smart about outsourcing the job to a professional. It seems there is no escape from the stress of taxes. That makes sense, given that American citizens file over 146 million returns (just counting individual filers, not business) that represent $1,371,402,000,000 in taxes! That’s an awful lot of money, especially considering that the median adjusted gross income was just … [Read more...]

What’s New for QuickBooks 2014?

rideintosunset

By Candace Spencer CPA , MAFM and Certified QuickBooks Pro Advisor If you own a small to medium-sized business, the odds are good that you’re using QuickBooks as your financial reporting tool. Depending on which version you are currently using, it’s also likely that many of the features are scheduled to be discontinued. Each year when Intuit releases a new QuickBooks edition, they also sunset, or no longer support or provide technical assistance for, a particular version that is several years older. This also means that certain features will no longer function. These include bill pay, online banking, accountant’s copy file transfer, payroll services, credit card processing, and emailing of customer invoices using QuickBooks email service. This year on May 31, 2014, QuickBooks 2011 will ride into the sunset. Therefore, if you have any version of QuickBooks earlier than 2012 and use the features scheduled to be sunsetted, you should consider purchasing QuickBooks 2014. Here are some … [Read more...]

Are Your Books A Mess?

SJG Business Advisory Alpharetta

By Stacey Gorowitz, CPA, MBA Just as in personal life, most of us are eager to start our businesses off on the right foot in the New Year. One of the best places to focus attention on is bookkeeping and accounting. If you’re on top of this, you’ll have a good view of the health of your business and be able to make informed decisions as the year progresses. And yet, it’s very common, even for successful companies, to let accounting take a back seat to other operational areas. Here are some questions you should ask yourself as 2014 begins. They may help you find out just how much work you need to do to get your books into shape. Do any of these scenarios sound familiar to you? If you have several businesses, is the accounting and record-keeping set up separately for each company and separate from your personal finances so that you have a clear picture of operations? This is step one to good financial management for your business and your personal finances. Can you look at … [Read more...]

January 2014 Newsletter

Are Your Books A Mess? Just as in personal life, most of us are eager to start our businesses off on the right foot in the New Year. One of the best places to focus attention on is bookkeeping and accounting. If you’re on top of this, you’ll have a good view of the health of your business and be able to make informed decisions as the year progresses. And yet, it’s very common, even for successful companies, to let accounting take a back seat to other operational areas. Here are some questions you should ask yourself as 2014 begins. They may help you find out just how much work you need to do to get your books into shape. Do any of these scenarios sound familiar to you? If you have several businesses, is the accounting and record-keeping set up separately for each company and separate from your personal finances so that you have a clear picture of operations? This is step one to good financial management for your business and your personal finances. To continue reading, … [Read more...]