QuickBooks for Contractors blog » “Maad” Rants

New FHWA-1391 & 1392 Annual EEO Forms For Highway Contractors

Nancy Smyth — Tue, 27 Jul 2010 11:00:53 +0000

The Federal Highway Administration (FHWA) revised both the Federal-Aid Highway Construction Contractors Annual EEO Forms FHWA-1391 and FHWA-1392 in June 2010 and require reporting of employees who are of two or more [Read the full article...]

It’s Best to Leave Your PC Running 24/7 – True or False

Nancy Smyth — Thu, 15 Jul 2010 11:00:33 +0000

This is something that has plagued me for years - should I leave my computer running all the time or not. Where do you stand on this issue? Do you shut your computer off at night or always leave it running.......and [Read the full article...]

QuickBooks Service Outage – Practical QuickBooks blog

Nancy Smyth — Thu, 17 Jun 2010 14:32:35 +0000

Beginning on Tuesday evening, June 15, 2010, many Intuit websites and services became unavailable due to a power outage at their data center. Even though you may be using the Desktop version of QuickBooks, this could have had a major impact on your ability to conduct business. Charlie Russell, from the Practical QuickBooks blog wrote [Read the full article...]

QuickBooks Tip – Working With Contractors – Part 1

Nancy Smyth — Wed, 12 May 2010 12:22:20 +0000

An infusion of federal infrastructure funding through the American Recovery and Reinvestment Act requires contractors using QuickBooks to submit of certified payroll [Read the full article...]

QuickBooks 2007 Features End 5/31/10

Nancy Smyth — Tue, 27 Apr 2010 08:00:42 +0000

Just a reminder for those of you still using QuickBooks Pro 2007, Premier (any flavor - Contractor, Accountant, Manufacturing, etc.) 2007, and Enterprise 7.0 - certain features (payroll, on-line banking, email) will no longer be available beginning on May 31, [Read the full article...]

64-bit Windows 7 QuickBooks Errors

Nancy Smyth — Mon, 26 Apr 2010 08:00:10 +0000

Most new computers now have 64-bit Windows 7. Release R5P of QuickBooks 2010 recently fixed many 64-bit Windows 7 QuickBooks Errors [Read the full article...]

Government Construction Contracts – A Different World

Nancy Smyth — Fri, 23 Apr 2010 08:00:27 +0000

The federal government is mandated to award 23% of its prime contracts to small businesses every year, which amounted to $97 billion in 2009, according to preliminary data from the SBA. And contracts from the February 2009 stimulus have been particularly lucrative for small businesses, as nearly 30%, or $7.4 billion, have gone to Main Street [Read the full article...]

2010 Hire Act – Tax Break for Small Business

Nancy Smyth — Fri, 16 Apr 2010 00:00:40 +0000

The Hire Act of 2010 is new $17.5 billion legislation (scaled down from an earlier $150 billion package) is of particular interest to businesses as it includes new tax benefits directly related to hiring employees and writing off investments in [Read the full article...]

IRS to Step up Audits of Sole Proprietors

Nancy Smyth — Wed, 14 Apr 2010 00:00:09 +0000

Estimates by the IRS show that $68 billion of the $345 billion tax gap in 2001 was due to the underreporting of income by sole proprietors. The IRS conducted more than 5.1 million correspondence examinations between fiscal year 2004 and FY 2008 that recommended the IRS collect approximately $35 billion in additional [Read the full article...]

QuickBooks Tip – Tracking Two Different Sales Tax Amounts

Nancy Smyth — Mon, 12 Apr 2010 00:00:34 +0000

In addition to needing to charge a fixed percentage (6%) of Sales Tax to each customer, I am also required to charge a 1 1/2% Discretionary Tax on the first $5,000.00 of each job/project/total Estimate. How do I accomplish this using [Read the full article...]