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So far Rebecca De La Paz has created 18 blog entries.
4 07, 2017

Are You Ignoring the Household Employee Payroll Rules?

By | 2017-08-14T15:42:57+00:00 July 4th, 2017|Blog, Business Advice, Financial, Hiring, Monthly GAB, New employees, Small Business GAB, Tax|Comments Off on Are You Ignoring the Household Employee Payroll Rules?

  If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both [...]

24 05, 2017

Why Do Small Businesses Fail, and How Can I Prevent This?

By | 2017-05-24T14:08:25+00:00 May 24th, 2017|Blog, new business owner, Starting a new business, Tax|Comments Off on Why Do Small Businesses Fail, and How Can I Prevent This?

Many people dream of starting a small business. This is a dream that can become a reality, or—as happens to about 33% of prospective business owners, according to the Small Business Administration – it can result in dismal failure within two years. There’s no magic-bullet solution to ensure a successful business, but if you don’t [...]

19 04, 2017

Are You Memorizing Transactions? Should You Be?

By | 2017-04-19T14:21:56+00:00 April 19th, 2017|Blog, Monthly GAB, new business owner, QuickBooks|Comments Off on Are You Memorizing Transactions? Should You Be?

You know that QuickBooks saves a lot of time. But have you explored how it does so by memorizing transactions? Your accounting work involves a lot of repetition. You send invoices. Pay bills. Create purchase orders. Generate payroll checks and submit payroll taxes. Some of the time, you only fill out those transaction forms once. [...]

19 04, 2017

Tax Implications of Crowdfunding

By | 2017-04-19T13:30:28+00:00 April 19th, 2017|Blog, Monthly GAB, Tax, The Tax GAB|Comments Off on Tax Implications of Crowdfunding

Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees ranging from 5 to 9%, including GoFundMe, Kickstarter, and Indiegogo. Each site specifies its own charges, limitations, and withdrawal processes. Whether the money raised is taxable depends upon the purpose of [...]

7 04, 2017

Don’t Overlook Tax Deductions for Home Ownership

By | 2017-04-07T12:59:15+00:00 April 7th, 2017|Blog, Monthly GAB, Tax, The Tax GAB|Comments Off on Don’t Overlook Tax Deductions for Home Ownership

Whether you already own a home or are considering buying one, you should be aware of the many tax benefits that go along with home ownership. There are plenty of reasons for owning a home, including the potential for capital appreciation and the fact that many of the costs are tax deductible, while rent is [...]

7 04, 2017

Estimated Tax Payments Are Not Just for the Self-Employed

By | 2017-04-07T12:51:38+00:00 April 7th, 2017|Blog, Monthly GAB, Tax, The Tax GAB|Comments Off on Estimated Tax Payments Are Not Just for the Self-Employed

Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making quarterly estimated tax payments. These are referred to as estimated tax payments because the self-employed individual must estimate his or her net earnings for the year and pay taxes on a quarterly basis [...]

20 01, 2017

Congress Gives Small Employer HRAs the Green Light

By | 2017-01-20T14:40:35+00:00 January 20th, 2017|Blog, Monthly GAB|Comments Off on Congress Gives Small Employer HRAs the Green Light

Congress has approved the 21st Century Cures Act, which includes a provision allowing small employers to reimburse their employees for medical expenses under a health reimbursement arrangement without being liable for the draconian, $100 per day penalty for violating the Affordable Care Act’s rules. President Obama has indicated his approval of the bill. Background: Stand-alone [...]

20 01, 2017

Not Business as Usual for Employers: W-2 and 1099-MISC Filing Dates Moved Up

By | 2017-01-20T14:34:38+00:00 January 20th, 2017|Blog, Financial, Monthly GAB|Comments Off on Not Business as Usual for Employers: W-2 and 1099-MISC Filing Dates Moved Up

The IRS, in an effort to combat rampant tax filing fraud, has introduced what they hope will be two new fraud-prevention measures for the upcoming filing season. The first will purposely delay until February 15 the issuance of refunds for tax returns where there is an earned income tax credit (EITC) and/or a refundable child [...]

2 12, 2016

10 Insane (But True) Ways to Grow Small Business Profits

By | 2016-12-02T13:06:55+00:00 December 2nd, 2016|Blog, Monthly GAB, new business owner, New employees, Small Business GAB|Comments Off on 10 Insane (But True) Ways to Grow Small Business Profits

When you were a kid, you imagined becoming an entrepreneur — a dream that turned into reality a few years ago when you started your first small business and began enjoying the freedom of being your own boss. But, since then, your profits haven’t grown at the rate you’d hoped they would. If you can [...]

2 12, 2016

Ringing Out 2016 in QuickBooks

By | 2016-12-02T12:56:32+00:00 December 2nd, 2016|Accounting, Blog, Financial, Monthly GAB|Comments Off on Ringing Out 2016 in QuickBooks

2017 is just around the corner. Now’s the time to do your end-of-year QuickBooks tasks. Since early January of this year, you’ve been faithfully creating new records, entering transactions, and recording payments. You’ve run basic reports. You’ve done your collection duties. You may have paid employees and submitted payroll taxes. Now the end of the [...]