Category Archives: QuickBooks

Converting your home to a rental property

Posted on March 12, 2012 by William A Olson, CPA

I find that more and more clients are converting their personal residences to rental properties for a variety of reasons. This has a variety of different tax implications some of which, are explained in this article.

Posted in 1040 Personal Income Taxes, Personal Finance, QuickBooks | Leave a comment

Year End Checklist for Closing Your Books

Posted on December 9, 2011 by William A Olson, CPA

As a business owner, it’s imperative to maintain accurate accounting records in order to substantiate all the items of income and expense on your tax return. A vital piece of the accounting process is the year end (or month end) … Continue reading →

Posted in 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Accounting, QuickBooks | Leave a comment

An Alternative to QuickBooks for Mac Users

Posted on June 14, 2011 by William A Olson, CPA

An Alternative to QuickBooks for Mac Users from Computer World

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Small Business Tools

Posted on May 18, 2011 by William A Olson, CPA

Accounting Today talks about some small business tools available from the IRS that may be helpful: IRS Showcases Small Business Tools

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Accounting, IRS, QuickBooks, Tax filing due dates | Leave a comment

The Importance of Good Record Keeping

Posted on May 11, 2011 by William A Olson, CPA

Everyone in business must keep records, especially those that will come in handy when it’s time to think about taxes on the business. Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Accounting, IRS, QuickBooks | Leave a comment

Senate Passes 1099 Repeal

Posted on April 6, 2011 by William A Olson, CPA

A big relief for small businesses… and Obama is sure to sign this. Senate Passes 1099 Repeal from CFO.com

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Accounting, IRS, QuickBooks | Leave a comment

The importance of a good accounting system

Posted on March 24, 2011 by William A Olson, CPA

A good accounting system has many elements but it all starts at the beginning. If it is not set up correctly, it can cause you problems later on down the road. Proper record keeping is also important so that you … Continue reading →

Posted in Accounting, QuickBooks | Leave a comment