Archive for September, 2010

Tracking Sales Taxes – Can’t Be Done Half Way… Unfortunately

In some states, the agencies are so aggressive in collecting their sales taxes that a higher portion of small businesses get sales tax audits than IRS audits. It is very easy to get yourself into trouble with sales tax. At a high level, sales taxes are far simpler to understand than income taxes, but a number of issues make the matter murkier.

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Bookkeeping software – When getting fancy is counterproductive

QuickBooks is an obvious choice for most small businesses, but one of the key reasons that people often overlook is that it is very hard and expensive to find bookkeepers or bookkeeping firms that support applications other than QuickBooks. For that same reason, you also need to be careful about which version of QuickBooks you use or you might end up painting yourself into a corner.

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