Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

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Inheritances Enjoy a Special Tax Benefit

You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property. When an individual sells property, […]

categories: Tax

Inheritances Enjoy a Special Tax Benefit

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categories: Tax

You May Need to File Estimated Tax Payments

Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax credits are significantly less than their projected tax liability, and if used properly, can protect a taxpayer from underpayment penalties. Employees who will […]

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categories: IRS // Tax

The Tax-Filing Deadline Is Drawing Near

As a reminder to those who have not yet filed their 2021 tax returns, April 18, is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate […]

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categories: Uncategorized

Hiring An Independent Contractor? How QuickBooks Online Can Help

Are you taking on a worker who’s not an employee? QuickBooks Online includes tools for tracking and paying independent contractors. The COVID-19 pandemic created millions of self-employed individuals and small businesses. Whether they chose to, or circumstances forced them to, […]

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Memorized, Commented, and Scheduled Reports in QuickBooks

categories: quickbooks // QuickBooks Desktop

tags: Memorize // reports

Memorized, Commented, and Scheduled Reports in QuickBooks

Have you explored what you can do with QuickBooks reports once you’ve created them? QuickBooks reports are your reward for tracking your business income and expenses conscientiously. Rather than scanning through lists of customer invoices to see which ones are […]

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If You Have a Side Hustle, Be Advised: The IRS is Cracking Down

categories: IRS // Tax

tags: 2022 Tax Season // irs

If You Have a Side Hustle, Be Advised: The IRS is Cracking Down

Article Highlights: Form 1099-K Reporting Threshold Marketplaces Payment Processors (credit and debit cards) Online Service Providers Airbnb and VRBO Delivery and Other Personal Services Business Expenses Record Keeping For several years now, the IRS has required payments made to merchants […]

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Does a Tax Deduction and a Tax Credit Result in the Same Tax Benefit?

categories: Tax

tags: 2022 Taxes // tax credit // Tax Deductions

Does a Tax Deduction and a Tax Credit Result in the Same Tax Benefit?

Tax lingo, even without getting into the weeds of the Internal Revenue Code, tax regulations, IRS rulings, etc., can be confusing. Two frequently used terms that taxpayers sometimes think provide the same tax benefit, but don’t, are “tax deductions” and […]

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How to Automate Email Reminders for Overdue Customers

categories: quickbooks // QuickBooks Online

tags: Automation // reminders

How to Automate Email Reminders for Overdue Customers

One way to keep your company’s cash flow positive is by sending email reminders to overdue customers. QuickBooks Online can automate this. Most small businesses struggle with cash flow. How do you get customers to pay by the due date, […]

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Bundling Items in QuickBooks? Build Assemblies

categories: bundling // quickbooks

tags: Build assemblies // Bundling

Bundling Items in QuickBooks? Build Assemblies

If you regularly sell the same groups of products, you can save time by creating assemblies. Some things just naturally go together. If you manage a fast-food restaurant, for example, you probably sell similar combinations frequently, like a double cheeseburger, […]

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