What Happens When I File an Amended Tax Return?

Posted by Denise Loter-Koch on Jun 12, 2019

If you discover a mistake on your tax return after you've already filed, don't panic. In most cases, all you have to do is file an amended tax return. Here's what you need to know.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

Taxes, The Sharing Economy and You

Posted by Denise Loter-Koch on Jun 11, 2019

If you've ever used--or provided services for-- Uber, Lyft, Airbnb, Etsy, Rover or TaskRabbit, then you're a member of the sharing economy; and it could affect your taxes. But, there is good news: if you've only used these services (not provided them), then there's no need to worry about the tax implications.

However, if you've rented out a spare room in your house - through a company like Airbnb, then you need to be aware of the tax consequences. You may not realize that the extra income you're making could impact your taxable income--especially if you have a full-time job with an employer.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

Here Is Your Tax News For 2019

Posted by Denise Loter-Koch on May 29, 2019

If you happen to be one of the many who had to file an extension, here are some recent tax items you want to keep in mind - as you prepare to file your taxes. On the other hand, those who are anticipating what the rest of the tax year is going to be like, these pointers may apply to you as well.
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Topics: Small Business Accounting, Taxes, Taxes in Oregon, Cyber Security Awareness

Your Out Of The Box Technology Tech Tuesday Recap

Posted by Lester San Jose on May 21, 2019

If this happens to be your first encounter with Technology Tuesdays, we were adopted into it through our recent merger. It's exciting to be part of this, as this year has been dubbed "The Year of Out Of The Box". What this means is the webinars offered weekly are centered around us, products & services we offer; and products we utilize ourselves!

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Topics: Customer Relationship Management, Small Business Accounting, Customize Form Templates, Cyber Security Awareness, Small Business Ideas

Oops... I forgot to file my taxes - What happens now?

Posted by Denise Loter-Koch on May 6, 2019

Monday, April 15, 2019, was the tax deadline for most taxpayers to file their tax returns. If you haven't filed a 2018 tax return yet, it's not too late.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

Tech Tuesdays - What Can I Look Forward To?

Posted by Lester San Jose on May 3, 2019

Tech Tuesdays is a complimentary webinar series featuring services and products we provide, here at Out of the Box Technology. We have a collection of webinars also featuring partners who provide third-party applications/add-ons for QuickBooks products - whether for QuickBooks Desktop or QuickBooks Online. 

We are so excited to have been made a part of this, enabling us to provide a more diverse content offering.

I got the opportunity  to view past Tech Tuesdays, which make me especially excited to attend the Quarterly Updates for Recur360 - next week. Sit back and enjoy this look back on two I got to view, perhaps providing a glimpse of what you can expect with Tech Tuesdays - moving forward.

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Topics: QuickBooks Add-ons & Extensions, QuickBooks Software, QuickBooks Online, QuickBooks Desktop, Small Business Ideas

Identity Theft - What Does it Mean For My Taxes?

Posted by Denise Loter-Koch on May 2, 2019

Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. It presents challenges to individuals, businesses, organizations and government agencies, including the IRS.

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

QuickBooks 2016 will be Discontinued May 31, 2019 - What You Need to Know!

Posted by Denise Loter-Koch on Apr 29, 2019

If you’re using QuickBooks Desktop 2016, access to important add-on services will stop working as of May 31st, 2019. You can prevent your essential add-on services from becoming obsolete by upgrading to  QuickBooks Desktop 2019.

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Topics: News & Resources, QuickBooks Upgrades, QuickBooks Add-ons & Extensions, QuickBooks Software, QuickBooks Pro, QuickBooks Enterprise, QuickBooks Premier, QuickBooks Desktop, Payroll Setup, QuickBooks Sunset Versions

Is it Possible to Get Fake Calls from the Taxpayer Advocate Service?

Posted by Denise Loter-Koch on Apr 26, 2019

Like clockwork, every year, there's a new twist on old scams. This year, it is the IRS impersonation phone scam whereby criminals fake calls from the Taxpayer Advocate Service. The TAS is an independent organization within the IRS that help protect your taxpayer rights. TAS can help if you need assistance resolving an IRS problem, if your problem is causing financial difficulty, or if you believe an IRS system or procedure isn't working as it should.

Typically, a taxpayer would contact TAS for help first, and only then would TAS reach out to the taxpayer. TAS does not initiate calls to taxpayers out of the blue.

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

What are Tax Breaks I Should Know About, But Don't?

Posted by Denise Loter-Koch on Apr 25, 2019

As the driving force in today's economy, small businesses benefit from numerous tax breaks in the tax code. One of these, the Qualified Small Business Stock (QSBS), was made permanent by the PATH Act (Protecting Americans from Tax Hikes Act of 2015). If you're a small business investor, here's what you need to know about this often-overlooked tax break.

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

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