Nancy Smyth | January 21, 2010
The IRS plans to require credit card and other firms that process transactions to report gross network transactions to participating merchants—and the IRS—annually starting next year. The IRS will use the reports as it does W-2s and 1099s. Thus, a company whose gross receipts differ from those in [...]
Nancy Smyth | September 26, 2009
For those of you who aren’t aware, QuickBooks 2010 will be available for sale beginning on Monday September 28, 2009; at that time you can visit our Affiliate Page for additional information and information on discount pricing. Watch for news about our Annual QuickBooks review right here on our blog beginning next week. If history is to repeat itself, QuickBooks 2007 will be sunset in the first half of 2010.
Nancy Smyth | August 25, 2009
In today’s busy workplace business owners and payroll administrators are faced with numerous challenges which cause them to want and need to be able to quickly and accurately enter employee time cards by “crew or group” by “job or project” and by day – because that is how they are done on the jobsite. Because of these situations, they also want software that will automatically calculate and distribute overtime hours worked for all employees on all jobs for any given work week – relieving them of the time-consuming and error-prone process caused by manual calculations and time card entries; this is an area where QuickBooks is lacking in functionality.
Nancy Smyth | June 2, 2009
Planning on hiring summer help? If so, read these important rules regarding summer hiring for 2009.
Nancy Smyth | May 22, 2009
Take the “mystery” out of Government Construction Projects & Certified Payroll Reporting Requirements.
Making the move from residential/commercial construction projects to government-funded construction projects, which have certified payroll reporting requirements, can be overwhelming for most contractors, their office staff, and the accounting professionals who support them.
Nancy Smyth | April 28, 2009
The Davis-Bacon Act of 1931 established into law the requirement for paying “prevailing wages”; a specific rate of pay plus fringe benefits for each trade/work classification that has been set by the Department of Labor – Wage and Hour Division, on federal or federally-assisted construction projects exceeding a value of $2,000.00. Construction includes the alteration and/or repair, including painting, decorating, plumbing, electrical, etc., of public buildings or public works – including roads and bridges.
Nancy Smyth | April 6, 2009
Hundreds of thousands of construction workers hired to work on economic-stimulus projects will receive prevailing wages under new federal guidelines. Transportation Secretary Ray LaHood will prepare the guidelines, which will expand the 1931 Davis-Bacon Act and establish a floor for wages paid for the more than 678,000 construction jobs created by 2010.
Nancy Smyth | March 26, 2009
Almost 20% of the $787 billion American Recovery and Reinvestment Act will be spent on improving the nation’s infrastructure, this means that their will be more and more “public works” construction projects that require certified payroll.
Nancy Smyth | March 9, 2009
Beginning with QuickBooks 2009 Financial Statement Designer (free) has been replaced with the Intuit Statement Writer (fee based) – if you would still like to use the Financial Statement Designer you may do so.
Nancy Smyth | March 9, 2009
VISTA, Calif. – A former bookkeeper embezzled $9.9 million, forcing her company to make layoffs as she bought 400 pairs of shoes that she kept in a room-sized closet decorated with a crystal chandelier and a plasma television, authorities claim.