This is a guest article written by Michael Dolen, the president of Credit Card Forum. During this time every year, I always get asked by a good number of visitors on my site about the taxability of credit card rewards. First of all, let me say upfront that I’m just an average Joe (not a [...]
Posts in category Information
Will Credit Card Rewards Soon Be Taxable?
Ten Tax Tips for Mortgage Forgiveness
The Subprime Mortgage Crisis that brought the global economy to the brink of disaster in the fall of 2008 has led to millions of foreclosures over the last 3 years. Due to the intense nature of the housing market crisis, the U.S. government passed the Mortgage Forgiveness Debt Relief Act, with the primary aim of [...]
How To Handle Bounced Checks
QuickBooks Tip: Admit it. Bouncing a check is annoying and embarrassing. The bank charges a fee for every bounce, you rack up the fees and you have to tell people when to re-deposit the check or write them a new one. When you get a rubber check from a customer, it’s just as annoying… if [...]
Ask For Help
It’s such an easy thing to do and yet our pride steps in and makes asking a simple question seem like lifting a 2 ton brick. Can you help me? I love when people ask me for help. It is so flattering. It means they think I actually know something. That’s how MOST people feel [...]
Analytical Review
At this point we have completed the initial review of the Balance Sheet and Profit and Loss statements in QuickBooks. So now it is a matter of double checking things from a different perspective and as we are more and more convinced that the books are complete, accurate, and fairly reflect the financial position of [...]