ebs Associates Blog

Small Business Accounting & Technology Resources

Tax Season 2019 Filing Begins

Posted by Denise Loter-Koch on Feb 4, 2019

January 28, 2019, marked the start of this year's tax filing season, and it's the first time taxpayers will be filing under the new tax reform laws, most of which became effective in 2018. Complicating matters is a newly revised Form 1040, U.S. Individual Income Tax Return, as well as the partial shutdown of the federal government. With more than 150 million individual tax returns expected to be filed for the 2018 tax year, here's what individual taxpayers can expect:

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Topics: Taxes in Oregon, Taxes, Small Business Accounting

7 Common Small Business Tax Myths

Posted by Denise Loter-Koch on Feb 1, 2019

The complexity of the tax code generates a lot of folklore and misinformation that could lead to costly mistakes such as penalties for failing to file on time or, on the flip side, not taking advantage of deductions you are legally entitled to take and giving the IRS more money than you need to. With this in mind, let's take a look at seven common small business tax myths.

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Topics: Small Business Ideas, Small Business Accounting, Taxes in Oregon, Taxes

ebs Associates is an Elite QuickBooks Solution Provider

Posted by Lester San Jose on Jan 17, 2019

The Intuit QuickBooks Solution Provider (QSP) program includes only the top business professionals, qualified in meeting their customers’ diverse needs. The program tiers providers into Member, Advanced, Strategic, Executive, and Elite levels - with Elite being the highest tier. Membership evaluation is based on capability requirements, along with achieving product and service goals. Read More

Topics: Intuit QuickBooks Solution Provider, QuickBooks Software, QuickBooks Add-ons & Extensions, QuickBooks Desktop, Small Business Accounting

[8] Best QuickBooks Add-Ons and Apps You Need To Try In 2019

Posted by Lester San Jose on Jan 14, 2019

There are plenty of QuickBooks apps to choose from to provide automation to the many tasks done manually in QuickBooks Desktop or QuickBooks Online. The depth of QuickBooks app integration can inevitably overwhelm - while you look for QuickBooks add ons & extensions to fill specific gaps encountered in recording transactions.  Each business will have specific operational needs, requiring specific apps. While acknowledging this, here are apps providing immediate impact for ANY business in 2019.

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Topics: Avalara, QuickBooks Field Service Management, TSheets, Fishbowl Inventory Management, QuickBooks Software, QuickBooks Add-ons & Extensions, Cloud Hosting, QuickBooks Desktop, QuickBooks Online

Employers Beware: Identity Theft and W-2 Scam Alert or Phishing

Posted by Denise Loter-Koch on Jan 4, 2019

The 2019 tax season is quickly approaching and with it an increase in identity theft and W-2 scams. Small business identity theft is big business for identity thieves. Just like individuals, businesses may have their identities stolen, and their sensitive information used to open credit card accounts or used to file fraudulent tax returns for bogus refunds.

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Topics: Small Business Ideas, Small Business Accounting, Taxes in Oregon, Taxes, Cyber Security Awareness

Important Tax Changes for Individuals and Businesses | Misc Tax Tips

Posted by Denise Loter-Koch on Jan 3, 2019

As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2019 is no different, now that the tax provisions under the Tax Cuts and Jobs Act of 2017 (TCJA) are in full effect. From standard deductions to health savings accounts and tax rate schedules, here's a checklist of tax changes to help you plan the year ahead.

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Topics: Small Business Ideas, Small Business Accounting, Taxes in Oregon, Taxes

Payroll Processing for Washington State employees

Posted by Aubrey Leahy on Dec 14, 2018

There is a NEW Employment Security Department remittance that starts on Jan 1 2019 called Washington’s Paid Family & Medical Leave Program.

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Topics: Small Business Accounting, Small Business Ideas, News & Resources, Payroll Setup

Do You Need to Use QuickBooks' Tools to track fixed assets ?

Posted by Denise Loter-Koch on Dec 6, 2018

Much of the work you do in QuickBooks is short-term. You send an invoice and it gets paid. Your purchase order is fulfilled, and the products move into your inventory. You run payrolls and submit their related taxes and other payments.

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Topics: QuickBooks Software, QuickBooks Training or How To, QuickBooks Desktop, Small Business Ideas, QuickBooks Warehouse Inventory Management, year-end

5 Ways to Accelerate QuickBooks Payments

Posted by Denise Loter-Koch on Dec 6, 2018

If you asked five small business owners to name the top three roadblocks they face in their quest for ongoing profitability, it's likely that all five would point to slow payments.

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Topics: QuickBooks Software, QuickBooks Desktop, QuickBooks Invoices, Customer Relationship Management, Small Business Accounting, Payments Processing

Year End - Depreciation and Retirement Planning for 2018

Posted by Denise Loter-Koch on Dec 5, 2018

Transition Rule for Rehabilitation Tax Credit

The Rehabilitation Tax Credit offers an incentive for owners to renovate and restore old or historic buildings. Tax reform legislation passed in December 2017 changed when the credit is claimed and provides a transition rule, which is summarized below:

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Topics: Taxes in Oregon, Taxes, Small Business Accounting, year-end

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