QuickBooks Online vs QuickBooks Desktop 2023 Guide
Choosing the right version of QuickBooks for your business can be a crucial decision, as it impacts your financial management and accounting processes. Intuit QuickBooks …
Xero vs Sage Intacct vs QuickBooks Online
A cloud-based accounting tool plays a vital role in a company’s daily operations. It provides a clear and organized overview of your financial activities, helps …
Best Practices to Minimize B and P Notices
Each year, the IRS sends B Notices in the form of IRS Notice CP2100 and CP2100A and P Notice in the form of IRS Notice …
A Comprehensive Guide on IRS B & P Notices
Your company receives a CP2100 (B Notice) or 972CG (P Notice) when there’s a discrepancy between the name and tax identification number (TIN). This is …
Did you receive Form 1099-K? What data and documentation must you track to report 1099-K Forms?
Note: IRS delays the rollout of the $600 threshold for 1099-K reporting.The threshold for Form 1099-K remains at $20,000 with a 200 transaction limit for …
Understanding Changes in Form 1099-K Reporting for 2023 Tax Season
Note: IRS delays the rollout of the $600 threshold for 1099-K reporting.The threshold for Form 1099-K remains at $20,000 with a 200 transaction limit for …
Xero vs. QuickBooks Online: Features Comparison, Pros, Cons
A cloud-based accounting tool plays a vital role in the day-to-day operations of a company. Whether you choose Xero or QuickBooks Online, you gain access …
Form 944 vs. 941 – Which One Should You File, an Annual or Quarterly Form?
Usually, employers fill out Form 941 every quarter. However, if a small employer’s total tax responsibility for the year is less than $2,500, they get …
W2 Deadline 2023: Deadline For employers To Send Out W2 & W2 Deadline To Report To IRS
Attention, Employers! Understanding the W2 Deadline of 2023 is crucial for a smooth tax season. This blog simplifies the process, explaining when to send W2 …
What Is a W-2 Form? Understanding The Form W-2 and How Does It Work?
As an employer, understanding the W-2 form is vital for your business and your employees. It’s not just paperwork; it’s a crucial tool that ensures …