ebs Associates Blog

Small Business Accounting & Technology Resources

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

Year End Tax Strategies and Considerations for 2018

Posted by Denise Loter-Koch on Dec 5, 2018

Recapping Business Tax Provisions for 2018, here's what business owners need to know about tax changes for 2018: Read More

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

Year in Review: Tax Changes for Individuals

Posted by Denise Loter-Koch on Dec 4, 2018

The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated or modified numerous tax provisions starting in 2018. Here's what individuals and families need to know as they get ready for tax season.

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

Your QuickBooks Pricing Cheat Sheet

Posted by Denise Loter-Koch on Oct 26, 2018

Is it time to adjust your pricing? Changing the prices of your company's services and inventory items can solve one of two problems, depending on why you're looking for a solution.

Say your materials suppliers have upped their prices. You may choose to increase your affected products to maintain your profit margin, or maybe an item or service has not been moving well. A drop in price might trigger improved sales.

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Topics: QuickBooks Software, QuickBooks Desktop, QuickBooks Enterprise, QuickBooks Invoices, Vendor Management, Customer Relationship Management

Tax Saving Frequently Asked Questions | ebs Associates

Posted by Denise Loter-Koch on Oct 19, 2018

This Financial Guide answers frequently asked questions surrounding tax saving ventures; and provides tax saving strategies for deferring income, and maximizing deductions; it also includes some strategies for specific categories of individuals, such as those with high income and those who are self-employed.

Before getting into the specifics, however, we would like to stress the importance of proper documentation

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

Tax Records: Frequently Asked Questions | ebs Associates

Posted by Denise Loter-Koch on Oct 11, 2018

What pieces of paper do I need to keep in order to do my taxes? Keep detailed records of your income, expenses, and other information you report on your tax return. A good set of records can help you save money when you do your taxes and will be your trusty ally in case you are audited.

There are several types of records that you should keep. Most experts believe it's wise to keep most types of records for at least seven years, and some you should keep indefinitely.

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Topics: Small Business Ideas, Small Business Accounting, Sales Tax, Taxes in Oregon, Taxes, QuickBooks Online

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