Category: Tips & Tricks

Extended personal tax due dates for 2020 IRS:     Federal tax returns (1040) are now due on Monday, May 17th. IRS:     If you are normally required to pay 1st quarter estimated taxes for the current year (2021) on April 15th, …

Random Tax News You can Use Read More »

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We do not usually write articles about tax issues, but we recently found some noteworthy articles related to taxes, the pandemic, and COVID-19, for you to think about. These are all courtesy of the “Accounting Today” Daily Briefing, to which …

Taxes and COVID-19 Read More »

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Occasionally you may have to write a check to pay a bill and will probably never have to write a check to that particular company or person again. We call this a “one-off” check, and It is not really necessary …

Need to write a “one-off” check? here’s how Read More »

Every business owner has some way to measure the growth and success of their business. My father-in-law was a commercial and industrial movie producer. I asked him what he considered a key performance indicator (KPI) that measured the health of …

Finding a Key Performance Indicator (KPI) to Measure Your Business Read More »

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Many of our clients generate their tax and financial reports on a calendar year basis. With that in mind, here are some year-end accounting items that should be reviewed as the calendar year draws to a close. These same points …

Closing the Year in Sage 50: Some items to consider Read More »

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In a recent white paper “The 10 Essentials of an Effective Financial Solution”, the first point identified as essential in the paper is a “modern general ledger”. Let’s see how Sage 50 meets this criteria. Premise: The modern general ledger (G/L) …

Using a Modern General Ledger Read More »

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Most business people today are familiar with the two standard financial statements: Balance Sheet and Income Statement. But there is a third meaningful statement available in your Sage 50 software: the Cash Flow Statement.

Check fraud losses are in excess of a billion dollars a year. TriStar’s source for checks has released new checks with the latest security technology. These new high security checks are the same price as previous checks purchased from TriStar. …

High Security Check Stock Available Read More »

As manufacturers and distributors should be well aware, careful management of inventory is essential to business profitability. A significant portion of a company’s assets can be invested in inventory. Knowing how many, where, and in what condition that inventory resides …

Tools for Inventory Management Read More »