Quickbooks and Online Banking
Do you ever have those bank deposits importing from your bank where they don’t match what you enter from customers? Do you ever enter multiple payments from customers and make only one deposit to the bank? There is one thing…
Tim Baker, CPA on President Trumps Tax Proposal
How Do I Start A Business?
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:…
Equifax Breach: What You Can Do
As many of you have heard, Equifax, one of the 3 major credit card bureaus, fell victim to a major security breach. According to Equifax, about 143 million Americans may have had their names, birthdates, social security numbers, and other…
Repeal of Estate Tax
IRS Payment Due Notices
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…
How can you take customer service to the next level?
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…
Health Savings Account Limits Increase for 2018
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…
Planning Retirement For Your Child
When paying wages to children to work on the farm, also plan their retirement by starting a Roth-IRA. Set up a Roth-IRA for your children, fund it annually (as long as you pay them wages and issue a W-2) and…