The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Bookkeeping · 2 min read ·
New Standard Mileage Rates for 2014, and What You Need to Know
Do you or your employees use vehicles for business purposes? If so, you’ll want to keep up to date on the new rates the IRS just released for 2014. You’ll need this information to calculate the deductible costs of usi…
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Bookkeeping · 2 min read ·
Upcoming 1099 Processing
As business owners, we are required to file 1099 forms for vendors we’ve paid if the purchases and those who have been paid fall into certain categories. These forms are due to the recipient by January 31, and to the…
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Bookkeeping · 2 min read ·
Tips Versus Automatic Service Charges
The Internal Revenue Service passed a law in 2012 that takes effect January 1, 2014 that has an impact on businesses that charge automatic gratuities also described as service charges. According to the regulation, ser…
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Bookkeeping · 2 min read ·
Upcoming Tax and Filing Deadlines
As an entrepreneur, there are some upcoming deadlines that you should be aware of to avoid failure to file or pay penalties. Mark your calendar for those that apply to you. Estimated Tax Payments : These are due 4 tim…
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About · 3 min read ·
Bookkeeping Headaches Overwhelming You?
Late nights, early mornings, and still more to do - are you a small business owner staying up late at night to do your bookkeeping so you can focus on your core functions during the day? Or perhaps you dislike the wor…
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Bookkeeping · 2 min read ·
Self Employed? What You Need to Know About Individual Shared Responsibility
Starting in January 2014, the Affordable Care Act will implement individual shared responsibility in order to keep consumer protections affordable. Individuals who only purchase insurance when they are ill and cancel…
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Bookkeeping · 2 min read ·
Received a Notice from the IRS? Don’t Panic!
Taxes, accounts, rules, and payments: letters from the IRS are often unexpected. Although many notices are sent to request a payment, they are also sent for a variety of other reasons as well. Specific issues concerni…
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Bookkeeping · 2 min read ·
Cash Flow: How Is It Different From Profit?
Many entrepreneurs confuse the terms cash flow and profit. A simple definition of cash flow is the movement of money into and out of a business. Profit on the other hand is how much money is left after subtracting all…
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Bookkeeping · 3 min read ·
Mid-Year Bookkeeping Check-In
It's just shy of the end of July, so 7 months of the year are almost complete. It's time to review what is happening in your business and see if any adjustments are needed to meet your goals. Based on what you find, y…
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Bookkeeping · 3 min read ·
More Americans Moonlighting with E-commerce Jobs
The following article was posted in the CPA Practice Advisor on June 13, 2013 (http://www.cpapracticeadvisor.com/news/10961047/more-americans-moonlighting-with-ecommerce-jobs?utm_source=CPA+Payroll+Advisor&utm_medium=…
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Bookkeeping · 2 min read ·
BOE Audit Update
A few weeks ago I wrote a post about the fact that 3 businesses that I know had been selected for an audit or review. The first was a client of mine who operates 4 restaurants, one was a brand new client who had been…
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Bookkeeping · 3 min read ·
Five Tips To Improve Your Cash Flow
I saw this great information in the CPA Practice Advisor (yes I read some of the articles even though I'm not a CPA) and found the following information helpful. I didn't see the author's name to give credit, but the…
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