So you’ve done your research, you have your business plan and finances figured out. What’s the next step in starting your own business? Next up is choosing a business entity. You have several options to choose from and they include:…
As I write my third response to an IRS notice for a client on this grand afternoon, I wanted to take the time to remind all of our clients about the new, improved, computer age nature of the IRS (can…
Just about every business intends to provide world-class customer service. And though many claim their customer service is exceptional, very few can back up that assertion. After all, once a company has established a baseline level of success in interacting…
For 2018, the annual limit on deductible contributions is $3,450 for self-only coverage (up from $3,400 in 2017) and $6,900 for family coverage (up from $6,750 in 2017). There is an additional HSA catch-up contribution if age 55 or older…
Health Reimbursement Accounts (HRA’s) are back after the signing of the 21st Century Cure Act, effective January 1, 2017. There are new rules (of course!) that come right along with them for 2017 (as well as some transitional relief for…
Beginning Jan. 1, 2017 the standard mileage rates will be: 53.5 cents per mile for business miles driven (down from 54 cents per mile in 2016) 17 cents per mile for medical or moving purposes (down from 19 cents per…
Do you ever get tired of entering the same transactions Month after Month? Ever scared you may forget an important payment? Let QuickBooks do the remembering for you with memorized transactions. Memorized transactions are just that; QuickBooks remembers how to…
MILEIQ App – Are you familiar with it? It’s the easiest and most user-friendly app to track an individual’s mileage. Let’s take a look at why this app has remained at the top of the App Store sales charts and…
BEWARE…. There is an ongoing problem with people calling claiming to be with the IRS. The IRS will: Never initiate contact with taxpayers by e-mail to request personal or financial information. This includes any type of electronic communication, such as…
Who are QuickBooks ProAdvisors you ask? ProAdvisors are individuals who have been certified by Intuit to know the various QuickBooks products. Here at BakerStarrett, we have countless QuickBooks ProAdvisors with expertise ranging from desktop to online to enterprise. We are…