#How do I file 1099 electronically using QuickBooks Online

[accountonfire]

With QuickBooks Online 1099 e-file Service you can easily prepare and file 1099 e MISC form easily and immediately withing a few clicks. This service is officially provided by Intuit's, 1099 E File service will automatically E-file 1099s to the IRS and deliver the copies to your contractors. First you need to upload the data, select the method of distributions, and do the payment verification. However, if the information looks confusing to you then no worry, you can hire one of our technical expert to do this for you dial (844)-888-4666.

[paulckrueger]

The Best Tax Software

Advertiser Disclosure: Our content is reader-supported, which means if you click on some of our links in this post that we may earn a commission.

One year, I thought to myself: “I can do my own taxes.”

After 5 minutes of looking at IRS forms, I had a second thought: “No, I can’t.”

And that’s when I looked up the best tax software. To me, they’re worth every penny.

Instead of chugging coffee all night before tax day, I simply fill out a few forms and everything’s done for me.

With so many options for tax software, which is the best? I reviewed some of the most common tax programs available, comparing features and price.

Here are my top picks.

The 3 Best Tax Software Solutions for Personal Use

Intuit TurboTax

Turbo Tax is my personal go-to each year because of its excellent reputation, broad support options, and ease of use.

The software allows you to upload your W-2 form directly to the site by snapping a pic with your smartphone or using their mobile app. Then it walks you through the rest of the tax prep process by asking a series of questions designed to ensure you receive every applicable deduction and credit. Based on your answers to the interview-style questions, the software fills out the appropriate forms.

If you get stuck or have questions while preparing your return, the TurboTax Live feature allows you to connect with a CPA or Enrolled Agent who can provide tax advice as you go along and even perform a final review of your return to ensure you get it right.

The only drawback to TurboTax is that those features come with a hefty price tag. While TurboTax likes to advertise its free tax filing option, the truth is, free filing is only available to taxpayers with very simple returns. If you itemize deductions, need to report capital gains and losses, own rental property, or are self-employed, you have to upgrade to a version with more supported forms.

In that case, filing your federal return will cost anywhere from $60 to $120, plus an additional $45 for each state return. Adding the TurboTax Live option will cost an additional $80 to $200, depending on which version of TurboTax you use. Check out all of the different Turbo Tax plans to find the right one for you.

H&R Block

If TurboTax costs too much, consider my runner up: H&R Block. While H&R Block is known for its retail tax offices, it also offers do-it-yourself tax software.

H&R Block also allows you to import your W-2 with a photo and its interface walks you through a series of interview-style questions to find the right deductions and tax credits. If you don’t understand something, you can click on a hyperlinked term to read a definition or get more information.

One of the advantages that H&R Block has over other DIY tax prep options is its network of tax professionals around the world. If you get stuck while preparing your return, you can take advantage of their Tax Pro Go service to get help without leaving home or make an appointment for an in-person meeting with a tax pro near you.

H&R Block is a part of the IRS Free File Alliance, meaning if you make less than $69,000 per year, you may qualify for free tax filing. But that fee-free option isn’t readily available on the H&R Block website. Currently, their Basic version starts at $29.95. If you itemize, have investment income, own rental property, or are self-employed, upgrading to a more advanced package will run anywhere from $54.95 to $89.95 to file federal and one state return. E-filing each additional state will run $19.95.

Of course, calling in an expert will also add to the cost. Tax Pro Go starts at $49 and an in-office appointment starts at $69. Visit H&R Block to learn more.

TaxAct

If price is more important than live support, TaxAct is a solid choice. Like its higher-priced competitors, TaxAct allows you to import your W-2 and walks you through a series of interview-style questions to identify all potential deductions. As you answer questions, the software performs calculations and enters information on the appropriate forms and schedules.

The key to using TaxAct is to work with the interview forms sequentially. It can get tedious going through screen after screen, some of which won’t apply to your return. But if you try to navigate to just the applicable sections using the toolbar on the left side of your screen, it’s easy to get lost and skip necessary steps.

TaxAct provides free support over the phone and via email. Users of the Premier+ and Self Employed+ versions get priority support status, including a dedicated phone line, screen sharing, and in-app chat support.

Like most online tax software providers, TaxAct offers a free version, but it’s only available to filers with simple returns. If you itemize, claim multiple tax credits, have an HSA, or pay student loan interest, you’ll need to upgrade to the Deluxe+ version, which costs $29.95 for electronically filing a federal return, plus $39.95 per state. If you have investment income, rental property, a foreign bank account, or are self-employed, more advanced versions run anywhere from $39.95 to $74.95, plus $39.95 or $49.95 per state. Visit TaxAct and find the best plan for you.

The 3 Best Tax Software Solutions for Business Use

Intuit TurboTax

TurboTax is a natural choice for many business owners because of the ease with which it integrates with Intuit’s QuickBooks, the most popular small business accounting solutions on the market. Users of QuickBooks can import their financials into the software with just a few clicks, and the TurboTax interface guides you through the rest of the filing process smoothly.

If you need help, you can get free software support over the phone, or tax advice and expert return review via the TurboTax Live add-on.

TurboTax offers two products to serve business owners.

TurboTax Home & Business is designed for sole proprietors and 1099 contractors, as it allows you to file your business and individual taxes at the same time. It costs $120 for electronically filing your federal return and each state runs an additional $45.

 TurboTax Business helps you prepare taxes for corporations, partnerships, and LLCs. It also includes preparation of W-2s, 1099s and K-1s. Pricing starts at $159.99 for electronic filing of your federal return and each state costs an additional $54.99.

Visit TurboTax to learn more.

H&R Block

H&R Block is another top option for business returns. The software provides quick and easy upload of your past tax return information, even if you used a competitor’s software last year. The software also integrates with Wave and Xero for small business accounting needs.

If you’re worried about making a mistake or missing out on available deductions, H&R Block offers Accuracy Review, where a tax pro double-checks your work and assesses your audit risk. The company also guarantees your return is 100% accurate and will reimburse you for any IRS penalties.

H&R Block offers two options for business owners:

H&R Block Premium is designed for sole proprietors and independent contractors.  Electronically filing your federal return costs $74.95. That fee includes paper filing of one state return, but e-filing state returns cost an additional $19.95 each.

H&R Block Premium & Business works for corporations, partnerships, and LLCs and offers the option to prepare W-2s, 1099s, and other necessary informational returns. This version starts at $89.95 and includes unlimited state returns, although e-filing state returns costs $19.95 each.

Visit H&R Block to learn more.

Liberty Tax

If you’re a sole proprietor or independent contractor who is fairly confident in your ability to prepare a return but would like the option of visiting a brick-and-mortar office if you get stuck, Liberty Tax is an inexpensive option.

Liberty Tax’s Deluxe version starts at $64.95 if you just need a Schedule C attached to your Form 1040. If you need to file Schedule E to report income from a rental or pass-through business, you’ll need to upgrade to their Premium version at $89.95. E-filing a state return will run an additional $39.95.

Currently, Liberty Tax doesn’t offer the option to file business returns for corporations, partnerships, or LLCs.

Visit Liberty Tax to learn more.

How to Choose the Best Tax Software for You

So how do you know which one is right for you? Here are some factors to consider when making your decision.

How much professional help will you need?

If your tax return is relatively easy or you feel comfortable navigating the tax rules on your own, DIY software can save you a lot of money over hiring a professional to prepare your return for you. But it’s always nice to know that help is available if you need it.

Tax forms, rules, and limitations change every year, and if you have a simple question or get stuck mid-return, you don’t want to throw away the time and effort you’ve put into your taxes thus far. That’s why all of our picks for best tax software have the option to get professional help, either online or in person. Software that just refers you to arcane and incomprehensible IRS forms doesn’t make the cut.

Do you use QuickBooks?

If you’re filling for your business and use QuickBooks, use TurboTax. Since both are operated by the same company (Intuit), they have a great integration that will save you countless hours. If you don’t have QuickBooks and have a simple tax filing, consider any of the tax software options.

What if the taxes for your business are too complicated for tax software? I recommend finding a local CPA to help you. A good one will help you find extra deductions and save you thousands of dollars in taxes each year. You’ll also want a good CPA on hand to consult whenever you have a major tax event coming up like an acquisition, ownership grants, investments, etc.

How much will filing REALLY cost?

Most tax software providers offer a free version of their product, but that free version is only available to people with the most basic returns. You might be drawn to their website with promises of a free tax return, but once you add certain forms, state returns, and electronic filing, you wind up paying a lot more than you bargained for.

Before you start entering your information on any website, look through your tax documents and determine the level of complexity you really need. Are you self-employed? Did you sell stock or other investments during the year? Do you own a rental property or have income from several states? If so, you’ll probably need a premium version of the tax software. If so, you’ll almost certainly pay more to file your return than someone with just a W-2.

When comparing prices between competitors, make sure you’re comparing apples to apples and considering the cost of the version of the software you’ll need, as well as the cost of filing state returns. Nobody wants to find out they’ll have to pay two or three times a much to file their return with one software provider AFTER spending hours entering information.

The Best Tax Software is a post from: I Will Teach You To Be Rich.

from Surety Bond Brokers? Business https://www.iwillteachyoutoberich.com/blog/best-tax-software/

[samuelfields]

The Best Tax Software

Advertiser Disclosure: Our content is reader-supported, which means if you click on some of our links in this post that we may earn a commission.

One year, I thought to myself: “I can do my own taxes.”

After 5 minutes of looking at IRS forms, I had a second thought: “No, I can’t.”

And that’s when I looked up the best tax software. To me, they’re worth every penny.

Instead of chugging coffee all night before tax day, I simply fill out a few forms and everything’s done for me.

With so many options for tax software, which is the best? I reviewed some of the most common tax programs available, comparing features and price.

Here are my top picks.

The 3 Best Tax Software Solutions for Personal Use

Intuit TurboTax

Turbo Tax is my personal go-to each year because of its excellent reputation, broad support options, and ease of use.

The software allows you to upload your W-2 form directly to the site by snapping a pic with your smartphone or using their mobile app. Then it walks you through the rest of the tax prep process by asking a series of questions designed to ensure you receive every applicable deduction and credit. Based on your answers to the interview-style questions, the software fills out the appropriate forms.

If you get stuck or have questions while preparing your return, the TurboTax Live feature allows you to connect with a CPA or Enrolled Agent who can provide tax advice as you go along and even perform a final review of your return to ensure you get it right.

The only drawback to TurboTax is that those features come with a hefty price tag. While TurboTax likes to advertise its free tax filing option, the truth is, free filing is only available to taxpayers with very simple returns. If you itemize deductions, need to report capital gains and losses, own rental property, or are self-employed, you have to upgrade to a version with more supported forms.

In that case, filing your federal return will cost anywhere from $60 to $120, plus an additional $45 for each state return. Adding the TurboTax Live option will cost an additional $80 to $200, depending on which version of TurboTax you use. Check out all of the different Turbo Tax plans to find the right one for you.

H&R Block

If TurboTax costs too much, consider my runner up: H&R Block. While H&R Block is known for its retail tax offices, it also offers do-it-yourself tax software.

H&R Block also allows you to import your W-2 with a photo and its interface walks you through a series of interview-style questions to find the right deductions and tax credits. If you don’t understand something, you can click on a hyperlinked term to read a definition or get more information.

One of the advantages that H&R Block has over other DIY tax prep options is its network of tax professionals around the world. If you get stuck while preparing your return, you can take advantage of their Tax Pro Go service to get help without leaving home or make an appointment for an in-person meeting with a tax pro near you.

H&R Block is a part of the IRS Free File Alliance, meaning if you make less than $69,000 per year, you may qualify for free tax filing. But that fee-free option isn’t readily available on the H&R Block website. Currently, their Basic version starts at $29.95. If you itemize, have investment income, own rental property, or are self-employed, upgrading to a more advanced package will run anywhere from $54.95 to $89.95 to file federal and one state return. E-filing each additional state will run $19.95.

Of course, calling in an expert will also add to the cost. Tax Pro Go starts at $49 and an in-office appointment starts at $69. Visit H&R Block to learn more.

TaxAct

If price is more important than live support, TaxAct is a solid choice. Like its higher-priced competitors, TaxAct allows you to import your W-2 and walks you through a series of interview-style questions to identify all potential deductions. As you answer questions, the software performs calculations and enters information on the appropriate forms and schedules.

The key to using TaxAct is to work with the interview forms sequentially. It can get tedious going through screen after screen, some of which won’t apply to your return. But if you try to navigate to just the applicable sections using the toolbar on the left side of your screen, it’s easy to get lost and skip necessary steps.

TaxAct provides free support over the phone and via email. Users of the Premier+ and Self Employed+ versions get priority support status, including a dedicated phone line, screen sharing, and in-app chat support.

Like most online tax software providers, TaxAct offers a free version, but it’s only available to filers with simple returns. If you itemize, claim multiple tax credits, have an HSA, or pay student loan interest, you’ll need to upgrade to the Deluxe+ version, which costs $29.95 for electronically filing a federal return, plus $39.95 per state. If you have investment income, rental property, a foreign bank account, or are self-employed, more advanced versions run anywhere from $39.95 to $74.95, plus $39.95 or $49.95 per state. Visit TaxAct and find the best plan for you.

The 3 Best Tax Software Solutions for Business Use

Intuit TurboTax

TurboTax is a natural choice for many business owners because of the ease with which it integrates with Intuit’s QuickBooks, the most popular small business accounting solutions on the market. Users of QuickBooks can import their financials into the software with just a few clicks, and the TurboTax interface guides you through the rest of the filing process smoothly.

If you need help, you can get free software support over the phone, or tax advice and expert return review via the TurboTax Live add-on.

TurboTax offers two products to serve business owners.

TurboTax Home & Business is designed for sole proprietors and 1099 contractors, as it allows you to file your business and individual taxes at the same time. It costs $120 for electronically filing your federal return and each state runs an additional $45.

 TurboTax Business helps you prepare taxes for corporations, partnerships, and LLCs. It also includes preparation of W-2s, 1099s and K-1s. Pricing starts at $159.99 for electronic filing of your federal return and each state costs an additional $54.99.

Visit TurboTax to learn more.

H&R Block

H&R Block is another top option for business returns. The software provides quick and easy upload of your past tax return information, even if you used a competitor’s software last year. The software also integrates with Wave and Xero for small business accounting needs.

If you’re worried about making a mistake or missing out on available deductions, H&R Block offers Accuracy Review, where a tax pro double-checks your work and assesses your audit risk. The company also guarantees your return is 100% accurate and will reimburse you for any IRS penalties.

H&R Block offers two options for business owners:

H&R Block Premium is designed for sole proprietors and independent contractors.  Electronically filing your federal return costs $74.95. That fee includes paper filing of one state return, but e-filing state returns cost an additional $19.95 each.

H&R Block Premium & Business works for corporations, partnerships, and LLCs and offers the option to prepare W-2s, 1099s, and other necessary informational returns. This version starts at $89.95 and includes unlimited state returns, although e-filing state returns costs $19.95 each.

Visit H&R Block to learn more.

Liberty Tax

If you’re a sole proprietor or independent contractor who is fairly confident in your ability to prepare a return but would like the option of visiting a brick-and-mortar office if you get stuck, Liberty Tax is an inexpensive option.

Liberty Tax’s Deluxe version starts at $64.95 if you just need a Schedule C attached to your Form 1040. If you need to file Schedule E to report income from a rental or pass-through business, you’ll need to upgrade to their Premium version at $89.95. E-filing a state return will run an additional $39.95.

Currently, Liberty Tax doesn’t offer the option to file business returns for corporations, partnerships, or LLCs.

Visit Liberty Tax to learn more.

How to Choose the Best Tax Software for You

So how do you know which one is right for you? Here are some factors to consider when making your decision.

How much professional help will you need?

If your tax return is relatively easy or you feel comfortable navigating the tax rules on your own, DIY software can save you a lot of money over hiring a professional to prepare your return for you. But it’s always nice to know that help is available if you need it.

Tax forms, rules, and limitations change every year, and if you have a simple question or get stuck mid-return, you don’t want to throw away the time and effort you’ve put into your taxes thus far. That’s why all of our picks for best tax software have the option to get professional help, either online or in person. Software that just refers you to arcane and incomprehensible IRS forms doesn’t make the cut.

Do you use QuickBooks?

If you’re filling for your business and use QuickBooks, use TurboTax. Since both are operated by the same company (Intuit), they have a great integration that will save you countless hours. If you don’t have QuickBooks and have a simple tax filing, consider any of the tax software options.

What if the taxes for your business are too complicated for tax software? I recommend finding a local CPA to help you. A good one will help you find extra deductions and save you thousands of dollars in taxes each year. You’ll also want a good CPA on hand to consult whenever you have a major tax event coming up like an acquisition, ownership grants, investments, etc.

How much will filing REALLY cost?

Most tax software providers offer a free version of their product, but that free version is only available to people with the most basic returns. You might be drawn to their website with promises of a free tax return, but once you add certain forms, state returns, and electronic filing, you wind up paying a lot more than you bargained for.

Before you start entering your information on any website, look through your tax documents and determine the level of complexity you really need. Are you self-employed? Did you sell stock or other investments during the year? Do you own a rental property or have income from several states? If so, you’ll probably need a premium version of the tax software. If so, you’ll almost certainly pay more to file your return than someone with just a W-2.

When comparing prices between competitors, make sure you’re comparing apples to apples and considering the cost of the version of the software you’ll need, as well as the cost of filing state returns. Nobody wants to find out they’ll have to pay two or three times a much to file their return with one software provider AFTER spending hours entering information.

The Best Tax Software is a post from: I Will Teach You To Be Rich.

from Finance https://www.iwillteachyoutoberich.com/blog/best-tax-software/ via http://www.rssmix.com/

[andrewdburton]

The Best Tax Software

Advertiser Disclosure: Our content is reader-supported, which means if you click on some of our links in this post that we may earn a commission.

One year, I thought to myself: “I can do my own taxes.”

After 5 minutes of looking at IRS forms, I had a second thought: “No, I can’t.”

And that’s when I looked up the best tax software. To me, they’re worth every penny.

Instead of chugging coffee all night before tax day, I simply fill out a few forms and everything’s done for me.

With so many options for tax software, which is the best? I reviewed some of the most common tax programs available, comparing features and price.

Here are my top picks.

The 3 Best Tax Software Solutions for Personal Use

Intuit TurboTax

Turbo Tax is my personal go-to each year because of its excellent reputation, broad support options, and ease of use.

The software allows you to upload your W-2 form directly to the site by snapping a pic with your smartphone or using their mobile app. Then it walks you through the rest of the tax prep process by asking a series of questions designed to ensure you receive every applicable deduction and credit. Based on your answers to the interview-style questions, the software fills out the appropriate forms.

If you get stuck or have questions while preparing your return, the TurboTax Live feature allows you to connect with a CPA or Enrolled Agent who can provide tax advice as you go along and even perform a final review of your return to ensure you get it right.

The only drawback to TurboTax is that those features come with a hefty price tag. While TurboTax likes to advertise its free tax filing option, the truth is, free filing is only available to taxpayers with very simple returns. If you itemize deductions, need to report capital gains and losses, own rental property, or are self-employed, you have to upgrade to a version with more supported forms.

In that case, filing your federal return will cost anywhere from $60 to $120, plus an additional $45 for each state return. Adding the TurboTax Live option will cost an additional $80 to $200, depending on which version of TurboTax you use. Check out all of the different Turbo Tax plans to find the right one for you.

H&R Block

If TurboTax costs too much, consider my runner up: H&R Block. While H&R Block is known for its retail tax offices, it also offers do-it-yourself tax software.

H&R Block also allows you to import your W-2 with a photo and its interface walks you through a series of interview-style questions to find the right deductions and tax credits. If you don’t understand something, you can click on a hyperlinked term to read a definition or get more information.

One of the advantages that H&R Block has over other DIY tax prep options is its network of tax professionals around the world. If you get stuck while preparing your return, you can take advantage of their Tax Pro Go service to get help without leaving home or make an appointment for an in-person meeting with a tax pro near you.

H&R Block is a part of the IRS Free File Alliance, meaning if you make less than $69,000 per year, you may qualify for free tax filing. But that fee-free option isn’t readily available on the H&R Block website. Currently, their Basic version starts at $29.95. If you itemize, have investment income, own rental property, or are self-employed, upgrading to a more advanced package will run anywhere from $54.95 to $89.95 to file federal and one state return. E-filing each additional state will run $19.95.

Of course, calling in an expert will also add to the cost. Tax Pro Go starts at $49 and an in-office appointment starts at $69. Visit H&R Block to learn more.

TaxAct

If price is more important than live support, TaxAct is a solid choice. Like its higher-priced competitors, TaxAct allows you to import your W-2 and walks you through a series of interview-style questions to identify all potential deductions. As you answer questions, the software performs calculations and enters information on the appropriate forms and schedules.

The key to using TaxAct is to work with the interview forms sequentially. It can get tedious going through screen after screen, some of which won’t apply to your return. But if you try to navigate to just the applicable sections using the toolbar on the left side of your screen, it’s easy to get lost and skip necessary steps.

TaxAct provides free support over the phone and via email. Users of the Premier+ and Self Employed+ versions get priority support status, including a dedicated phone line, screen sharing, and in-app chat support.

Like most online tax software providers, TaxAct offers a free version, but it’s only available to filers with simple returns. If you itemize, claim multiple tax credits, have an HSA, or pay student loan interest, you’ll need to upgrade to the Deluxe+ version, which costs $29.95 for electronically filing a federal return, plus $39.95 per state. If you have investment income, rental property, a foreign bank account, or are self-employed, more advanced versions run anywhere from $39.95 to $74.95, plus $39.95 or $49.95 per state. Visit TaxAct and find the best plan for you.

The 3 Best Tax Software Solutions for Business Use

Intuit TurboTax

TurboTax is a natural choice for many business owners because of the ease with which it integrates with Intuit’s QuickBooks, the most popular small business accounting solutions on the market. Users of QuickBooks can import their financials into the software with just a few clicks, and the TurboTax interface guides you through the rest of the filing process smoothly.

If you need help, you can get free software support over the phone, or tax advice and expert return review via the TurboTax Live add-on.

TurboTax offers two products to serve business owners.

TurboTax Home & Business is designed for sole proprietors and 1099 contractors, as it allows you to file your business and individual taxes at the same time. It costs $120 for electronically filing your federal return and each state runs an additional $45.

 TurboTax Business helps you prepare taxes for corporations, partnerships, and LLCs. It also includes preparation of W-2s, 1099s and K-1s. Pricing starts at $159.99 for electronic filing of your federal return and each state costs an additional $54.99.

Visit TurboTax to learn more.

H&R Block

H&R Block is another top option for business returns. The software provides quick and easy upload of your past tax return information, even if you used a competitor’s software last year. The software also integrates with Wave and Xero for small business accounting needs.

If you’re worried about making a mistake or missing out on available deductions, H&R Block offers Accuracy Review, where a tax pro double-checks your work and assesses your audit risk. The company also guarantees your return is 100% accurate and will reimburse you for any IRS penalties.

H&R Block offers two options for business owners:

H&R Block Premium is designed for sole proprietors and independent contractors.  Electronically filing your federal return costs $74.95. That fee includes paper filing of one state return, but e-filing state returns cost an additional $19.95 each.

H&R Block Premium & Business works for corporations, partnerships, and LLCs and offers the option to prepare W-2s, 1099s, and other necessary informational returns. This version starts at $89.95 and includes unlimited state returns, although e-filing state returns costs $19.95 each.

Visit H&R Block to learn more.

Liberty Tax

If you’re a sole proprietor or independent contractor who is fairly confident in your ability to prepare a return but would like the option of visiting a brick-and-mortar office if you get stuck, Liberty Tax is an inexpensive option.

Liberty Tax’s Deluxe version starts at $64.95 if you just need a Schedule C attached to your Form 1040. If you need to file Schedule E to report income from a rental or pass-through business, you’ll need to upgrade to their Premium version at $89.95. E-filing a state return will run an additional $39.95.

Currently, Liberty Tax doesn’t offer the option to file business returns for corporations, partnerships, or LLCs.

Visit Liberty Tax to learn more.

How to Choose the Best Tax Software for You

So how do you know which one is right for you? Here are some factors to consider when making your decision.

How much professional help will you need?

If your tax return is relatively easy or you feel comfortable navigating the tax rules on your own, DIY software can save you a lot of money over hiring a professional to prepare your return for you. But it’s always nice to know that help is available if you need it.

Tax forms, rules, and limitations change every year, and if you have a simple question or get stuck mid-return, you don’t want to throw away the time and effort you’ve put into your taxes thus far. That’s why all of our picks for best tax software have the option to get professional help, either online or in person. Software that just refers you to arcane and incomprehensible IRS forms doesn’t make the cut.

Do you use QuickBooks?

If you’re filling for your business and use QuickBooks, use TurboTax. Since both are operated by the same company (Intuit), they have a great integration that will save you countless hours. If you don’t have QuickBooks and have a simple tax filing, consider any of the tax software options.

What if the taxes for your business are too complicated for tax software? I recommend finding a local CPA to help you. A good one will help you find extra deductions and save you thousands of dollars in taxes each year. You’ll also want a good CPA on hand to consult whenever you have a major tax event coming up like an acquisition, ownership grants, investments, etc.

How much will filing REALLY cost?

Most tax software providers offer a free version of their product, but that free version is only available to people with the most basic returns. You might be drawn to their website with promises of a free tax return, but once you add certain forms, state returns, and electronic filing, you wind up paying a lot more than you bargained for.

Before you start entering your information on any website, look through your tax documents and determine the level of complexity you really need. Are you self-employed? Did you sell stock or other investments during the year? Do you own a rental property or have income from several states? If so, you’ll probably need a premium version of the tax software. If so, you’ll almost certainly pay more to file your return than someone with just a W-2.

When comparing prices between competitors, make sure you’re comparing apples to apples and considering the cost of the version of the software you’ll need, as well as the cost of filing state returns. Nobody wants to find out they’ll have to pay two or three times a much to file their return with one software provider AFTER spending hours entering information.

The Best Tax Software is a post from: I Will Teach You To Be Rich.

from Finance https://www.iwillteachyoutoberich.com/blog/best-tax-software/ via http://www.rssmix.com/

[kennethherrerablog]

The Best Tax Software

Advertiser Disclosure: Our content is reader-supported, which means if you click on some of our links in this post that we may earn a commission.

One year, I thought to myself: “I can do my own taxes.”

After 5 minutes of looking at IRS forms, I had a second thought: “No, I can’t.”

And that’s when I looked up the best tax software. To me, they’re worth every penny.

Instead of chugging coffee all night before tax day, I simply fill out a few forms and everything’s done for me.

With so many options for tax software, which is the best? I reviewed some of the most common tax programs available, comparing features and price.

Here are my top picks.

The 3 Best Tax Software Solutions for Personal Use

Intuit TurboTax

Turbo Tax is my personal go-to each year because of its excellent reputation, broad support options, and ease of use.

The software allows you to upload your W-2 form directly to the site by snapping a pic with your smartphone or using their mobile app. Then it walks you through the rest of the tax prep process by asking a series of questions designed to ensure you receive every applicable deduction and credit. Based on your answers to the interview-style questions, the software fills out the appropriate forms.

If you get stuck or have questions while preparing your return, the TurboTax Live feature allows you to connect with a CPA or Enrolled Agent who can provide tax advice as you go along and even perform a final review of your return to ensure you get it right.

The only drawback to TurboTax is that those features come with a hefty price tag. While TurboTax likes to advertise its free tax filing option, the truth is, free filing is only available to taxpayers with very simple returns. If you itemize deductions, need to report capital gains and losses, own rental property, or are self-employed, you have to upgrade to a version with more supported forms.

In that case, filing your federal return will cost anywhere from $60 to $120, plus an additional $45 for each state return. Adding the TurboTax Live option will cost an additional $80 to $200, depending on which version of TurboTax you use. Check out all of the different Turbo Tax plans to find the right one for you.

H&R Block

If TurboTax costs too much, consider my runner up: H&R Block. While H&R Block is known for its retail tax offices, it also offers do-it-yourself tax software.

H&R Block also allows you to import your W-2 with a photo and its interface walks you through a series of interview-style questions to find the right deductions and tax credits. If you don’t understand something, you can click on a hyperlinked term to read a definition or get more information.

One of the advantages that H&R Block has over other DIY tax prep options is its network of tax professionals around the world. If you get stuck while preparing your return, you can take advantage of their Tax Pro Go service to get help without leaving home or make an appointment for an in-person meeting with a tax pro near you.

H&R Block is a part of the IRS Free File Alliance, meaning if you make less than $69,000 per year, you may qualify for free tax filing. But that fee-free option isn’t readily available on the H&R Block website. Currently, their Basic version starts at $29.95. If you itemize, have investment income, own rental property, or are self-employed, upgrading to a more advanced package will run anywhere from $54.95 to $89.95 to file federal and one state return. E-filing each additional state will run $19.95.

Of course, calling in an expert will also add to the cost. Tax Pro Go starts at $49 and an in-office appointment starts at $69. Visit H&R Block to learn more.

TaxAct

If price is more important than live support, TaxAct is a solid choice. Like its higher-priced competitors, TaxAct allows you to import your W-2 and walks you through a series of interview-style questions to identify all potential deductions. As you answer questions, the software performs calculations and enters information on the appropriate forms and schedules.

The key to using TaxAct is to work with the interview forms sequentially. It can get tedious going through screen after screen, some of which won’t apply to your return. But if you try to navigate to just the applicable sections using the toolbar on the left side of your screen, it’s easy to get lost and skip necessary steps.

TaxAct provides free support over the phone and via email. Users of the Premier+ and Self Employed+ versions get priority support status, including a dedicated phone line, screen sharing, and in-app chat support.

Like most online tax software providers, TaxAct offers a free version, but it’s only available to filers with simple returns. If you itemize, claim multiple tax credits, have an HSA, or pay student loan interest, you’ll need to upgrade to the Deluxe+ version, which costs $29.95 for electronically filing a federal return, plus $39.95 per state. If you have investment income, rental property, a foreign bank account, or are self-employed, more advanced versions run anywhere from $39.95 to $74.95, plus $39.95 or $49.95 per state. Visit TaxAct and find the best plan for you.

The 3 Best Tax Software Solutions for Business Use

Intuit TurboTax

TurboTax is a natural choice for many business owners because of the ease with which it integrates with Intuit’s QuickBooks, the most popular small business accounting solutions on the market. Users of QuickBooks can import their financials into the software with just a few clicks, and the TurboTax interface guides you through the rest of the filing process smoothly.

If you need help, you can get free software support over the phone, or tax advice and expert return review via the TurboTax Live add-on.

TurboTax offers two products to serve business owners.

TurboTax Home & Business is designed for sole proprietors and 1099 contractors, as it allows you to file your business and individual taxes at the same time. It costs $120 for electronically filing your federal return and each state runs an additional $45.

 TurboTax Business helps you prepare taxes for corporations, partnerships, and LLCs. It also includes preparation of W-2s, 1099s and K-1s. Pricing starts at $159.99 for electronic filing of your federal return and each state costs an additional $54.99.

Visit TurboTax to learn more.

H&R Block

H&R Block is another top option for business returns. The software provides quick and easy upload of your past tax return information, even if you used a competitor’s software last year. The software also integrates with Wave and Xero for small business accounting needs.

If you’re worried about making a mistake or missing out on available deductions, H&R Block offers Accuracy Review, where a tax pro double-checks your work and assesses your audit risk. The company also guarantees your return is 100% accurate and will reimburse you for any IRS penalties.

H&R Block offers two options for business owners:

H&R Block Premium is designed for sole proprietors and independent contractors.  Electronically filing your federal return costs $74.95. That fee includes paper filing of one state return, but e-filing state returns cost an additional $19.95 each.

H&R Block Premium & Business works for corporations, partnerships, and LLCs and offers the option to prepare W-2s, 1099s, and other necessary informational returns. This version starts at $89.95 and includes unlimited state returns, although e-filing state returns costs $19.95 each.

Visit H&R Block to learn more.

Liberty Tax

If you’re a sole proprietor or independent contractor who is fairly confident in your ability to prepare a return but would like the option of visiting a brick-and-mortar office if you get stuck, Liberty Tax is an inexpensive option.

Liberty Tax’s Deluxe version starts at $64.95 if you just need a Schedule C attached to your Form 1040. If you need to file Schedule E to report income from a rental or pass-through business, you’ll need to upgrade to their Premium version at $89.95. E-filing a state return will run an additional $39.95.

Currently, Liberty Tax doesn’t offer the option to file business returns for corporations, partnerships, or LLCs.

Visit Liberty Tax to learn more.

How to Choose the Best Tax Software for You

So how do you know which one is right for you? Here are some factors to consider when making your decision.

How much professional help will you need?

If your tax return is relatively easy or you feel comfortable navigating the tax rules on your own, DIY software can save you a lot of money over hiring a professional to prepare your return for you. But it’s always nice to know that help is available if you need it.

Tax forms, rules, and limitations change every year, and if you have a simple question or get stuck mid-return, you don’t want to throw away the time and effort you’ve put into your taxes thus far. That’s why all of our picks for best tax software have the option to get professional help, either online or in person. Software that just refers you to arcane and incomprehensible IRS forms doesn’t make the cut.

Do you use QuickBooks?

If you’re filling for your business and use QuickBooks, use TurboTax. Since both are operated by the same company (Intuit), they have a great integration that will save you countless hours. If you don’t have QuickBooks and have a simple tax filing, consider any of the tax software options.

What if the taxes for your business are too complicated for tax software? I recommend finding a local CPA to help you. A good one will help you find extra deductions and save you thousands of dollars in taxes each year. You’ll also want a good CPA on hand to consult whenever you have a major tax event coming up like an acquisition, ownership grants, investments, etc.

How much will filing REALLY cost?

Most tax software providers offer a free version of their product, but that free version is only available to people with the most basic returns. You might be drawn to their website with promises of a free tax return, but once you add certain forms, state returns, and electronic filing, you wind up paying a lot more than you bargained for.

Before you start entering your information on any website, look through your tax documents and determine the level of complexity you really need. Are you self-employed? Did you sell stock or other investments during the year? Do you own a rental property or have income from several states? If so, you’ll probably need a premium version of the tax software. If so, you’ll almost certainly pay more to file your return than someone with just a W-2.

When comparing prices between competitors, make sure you’re comparing apples to apples and considering the cost of the version of the software you’ll need, as well as the cost of filing state returns. Nobody wants to find out they’ll have to pay two or three times a much to file their return with one software provider AFTER spending hours entering information.

The Best Tax Software is a post from: I Will Teach You To Be Rich.

The Best Tax Software published first on https://justinbetreviews.tumblr.com/

[mcjoelcain]

The Best Tax Software

Advertiser Disclosure: Our content is reader-supported, which means if you click on some of our links in this post that we may earn a commission.

One year, I thought to myself: “I can do my own taxes.”

After 5 minutes of looking at IRS forms, I had a second thought: “No, I can’t.”

And that’s when I looked up the best tax software. To me, they’re worth every penny.

Instead of chugging coffee all night before tax day, I simply fill out a few forms and everything’s done for me.

With so many options for tax software, which is the best? I reviewed some of the most common tax programs available, comparing features and price.

Here are my top picks.

The 3 Best Tax Software Solutions for Personal Use

Intuit TurboTax

Turbo Tax is my personal go-to each year because of its excellent reputation, broad support options, and ease of use.

The software allows you to upload your W-2 form directly to the site by snapping a pic with your smartphone or using their mobile app. Then it walks you through the rest of the tax prep process by asking a series of questions designed to ensure you receive every applicable deduction and credit. Based on your answers to the interview-style questions, the software fills out the appropriate forms.

If you get stuck or have questions while preparing your return, the TurboTax Live feature allows you to connect with a CPA or Enrolled Agent who can provide tax advice as you go along and even perform a final review of your return to ensure you get it right.

The only drawback to TurboTax is that those features come with a hefty price tag. While TurboTax likes to advertise its free tax filing option, the truth is, free filing is only available to taxpayers with very simple returns. If you itemize deductions, need to report capital gains and losses, own rental property, or are self-employed, you have to upgrade to a version with more supported forms.

In that case, filing your federal return will cost anywhere from $60 to $120, plus an additional $45 for each state return. Adding the TurboTax Live option will cost an additional $80 to $200, depending on which version of TurboTax you use. Check out all of the different Turbo Tax plans to find the right one for you.

H&R Block

If TurboTax costs too much, consider my runner up: H&R Block. While H&R Block is known for its retail tax offices, it also offers do-it-yourself tax software.

H&R Block also allows you to import your W-2 with a photo and its interface walks you through a series of interview-style questions to find the right deductions and tax credits. If you don’t understand something, you can click on a hyperlinked term to read a definition or get more information.

One of the advantages that H&R Block has over other DIY tax prep options is its network of tax professionals around the world. If you get stuck while preparing your return, you can take advantage of their Tax Pro Go service to get help without leaving home or make an appointment for an in-person meeting with a tax pro near you.

H&R Block is a part of the IRS Free File Alliance, meaning if you make less than $69,000 per year, you may qualify for free tax filing. But that fee-free option isn’t readily available on the H&R Block website. Currently, their Basic version starts at $29.95. If you itemize, have investment income, own rental property, or are self-employed, upgrading to a more advanced package will run anywhere from $54.95 to $89.95 to file federal and one state return. E-filing each additional state will run $19.95.

Of course, calling in an expert will also add to the cost. Tax Pro Go starts at $49 and an in-office appointment starts at $69. Visit H&R Block to learn more.

TaxAct

If price is more important than live support, TaxAct is a solid choice. Like its higher-priced competitors, TaxAct allows you to import your W-2 and walks you through a series of interview-style questions to identify all potential deductions. As you answer questions, the software performs calculations and enters information on the appropriate forms and schedules.

The key to using TaxAct is to work with the interview forms sequentially. It can get tedious going through screen after screen, some of which won’t apply to your return. But if you try to navigate to just the applicable sections using the toolbar on the left side of your screen, it’s easy to get lost and skip necessary steps.

TaxAct provides free support over the phone and via email. Users of the Premier+ and Self Employed+ versions get priority support status, including a dedicated phone line, screen sharing, and in-app chat support.

Like most online tax software providers, TaxAct offers a free version, but it’s only available to filers with simple returns. If you itemize, claim multiple tax credits, have an HSA, or pay student loan interest, you’ll need to upgrade to the Deluxe+ version, which costs $29.95 for electronically filing a federal return, plus $39.95 per state. If you have investment income, rental property, a foreign bank account, or are self-employed, more advanced versions run anywhere from $39.95 to $74.95, plus $39.95 or $49.95 per state. Visit TaxAct and find the best plan for you.

The 3 Best Tax Software Solutions for Business Use

Intuit TurboTax

TurboTax is a natural choice for many business owners because of the ease with which it integrates with Intuit’s QuickBooks, the most popular small business accounting solutions on the market. Users of QuickBooks can import their financials into the software with just a few clicks, and the TurboTax interface guides you through the rest of the filing process smoothly.

If you need help, you can get free software support over the phone, or tax advice and expert return review via the TurboTax Live add-on.

TurboTax offers two products to serve business owners.

TurboTax Home & Business is designed for sole proprietors and 1099 contractors, as it allows you to file your business and individual taxes at the same time. It costs $120 for electronically filing your federal return and each state runs an additional $45.

 TurboTax Business helps you prepare taxes for corporations, partnerships, and LLCs. It also includes preparation of W-2s, 1099s and K-1s. Pricing starts at $159.99 for electronic filing of your federal return and each state costs an additional $54.99.

Visit TurboTax to learn more.

H&R Block

H&R Block is another top option for business returns. The software provides quick and easy upload of your past tax return information, even if you used a competitor’s software last year. The software also integrates with Wave and Xero for small business accounting needs.

If you’re worried about making a mistake or missing out on available deductions, H&R Block offers Accuracy Review, where a tax pro double-checks your work and assesses your audit risk. The company also guarantees your return is 100% accurate and will reimburse you for any IRS penalties.

H&R Block offers two options for business owners:

H&R Block Premium is designed for sole proprietors and independent contractors.  Electronically filing your federal return costs $74.95. That fee includes paper filing of one state return, but e-filing state returns cost an additional $19.95 each.

H&R Block Premium & Business works for corporations, partnerships, and LLCs and offers the option to prepare W-2s, 1099s, and other necessary informational returns. This version starts at $89.95 and includes unlimited state returns, although e-filing state returns costs $19.95 each.

Visit H&R Block to learn more.

Liberty Tax

If you’re a sole proprietor or independent contractor who is fairly confident in your ability to prepare a return but would like the option of visiting a brick-and-mortar office if you get stuck, Liberty Tax is an inexpensive option.

Liberty Tax’s Deluxe version starts at $64.95 if you just need a Schedule C attached to your Form 1040. If you need to file Schedule E to report income from a rental or pass-through business, you’ll need to upgrade to their Premium version at $89.95. E-filing a state return will run an additional $39.95.

Currently, Liberty Tax doesn’t offer the option to file business returns for corporations, partnerships, or LLCs.

Visit Liberty Tax to learn more.

How to Choose the Best Tax Software for You

So how do you know which one is right for you? Here are some factors to consider when making your decision.

How much professional help will you need?

If your tax return is relatively easy or you feel comfortable navigating the tax rules on your own, DIY software can save you a lot of money over hiring a professional to prepare your return for you. But it’s always nice to know that help is available if you need it.

Tax forms, rules, and limitations change every year, and if you have a simple question or get stuck mid-return, you don’t want to throw away the time and effort you’ve put into your taxes thus far. That’s why all of our picks for best tax software have the option to get professional help, either online or in person. Software that just refers you to arcane and incomprehensible IRS forms doesn’t make the cut.

Do you use QuickBooks?

If you’re filling for your business and use QuickBooks, use TurboTax. Since both are operated by the same company (Intuit), they have a great integration that will save you countless hours. If you don’t have QuickBooks and have a simple tax filing, consider any of the tax software options.

What if the taxes for your business are too complicated for tax software? I recommend finding a local CPA to help you. A good one will help you find extra deductions and save you thousands of dollars in taxes each year. You’ll also want a good CPA on hand to consult whenever you have a major tax event coming up like an acquisition, ownership grants, investments, etc.

How much will filing REALLY cost?

Most tax software providers offer a free version of their product, but that free version is only available to people with the most basic returns. You might be drawn to their website with promises of a free tax return, but once you add certain forms, state returns, and electronic filing, you wind up paying a lot more than you bargained for.

Before you start entering your information on any website, look through your tax documents and determine the level of complexity you really need. Are you self-employed? Did you sell stock or other investments during the year? Do you own a rental property or have income from several states? If so, you’ll probably need a premium version of the tax software. If so, you’ll almost certainly pay more to file your return than someone with just a W-2.

When comparing prices between competitors, make sure you’re comparing apples to apples and considering the cost of the version of the software you’ll need, as well as the cost of filing state returns. Nobody wants to find out they’ll have to pay two or three times a much to file their return with one software provider AFTER spending hours entering information.

The Best Tax Software is a post from: I Will Teach You To Be Rich.

from Money https://www.iwillteachyoutoberich.com/blog/best-tax-software/ via http://www.rssmix.com/

[constructionaccounting]

0240: Construction Accounting Secrets For New Contractors

  This Podcast Is Episode Number 0240 And It Will Be About Construction Accounting Secrets For New Contractors

Construction Accounting Basics For Construction Contractors

Construction Accounting is not a natural mindset for Construction Contractors. Construction Accounting has own language. Regular Accounting the language is Income Minus Expenses Equals Net Profit.

Construction Accounting is Income Minus Cost of Goods Minus Overhead Equals Net Profit. That simple little thing called Cost of Goods Sold is the primary difference between Regular Accounting and Construction Accounting.

Understanding that difference and how it relates to Job Costing and Job Profitability can get contractors like you firmly on the road to financial freedom.

Then comes Construction Accounting.

Income is added up to have Total Income.

Cost of Goods Sold included more than the cost of material.

Total Income less Total of Cost of Goods Sold equals Gross Profit.  

Expenses include a variety of overhead related items.

Gross Profit less Total Expenses equals Net Ordinary Income.  

Net Ordinary Income Plus Other Income and Less Other Expenses equals Net Income.

Financial Reports have a lot of information on them. Your tax accountant will calculate the depreciation. When a contractor purchases a small tool, and it is an expense. What determines whether a tool is an asset or expense is the cost of the tool (not its size of the tool or piece of equipment) Any tool or equipment that costs less than Five Hundred Dollars is considered an expense. The Internal Revenue Service expects that it will last less than one year and not repairable or the cost of purchasing a new tool will be less than the cost to repair it most of the time it is not feasible to repair. These days it is hard to find anyone who can do repairs on small tools. The neighborhood hardware store is usually a True Value Hardware or Ace Hardware. I can only think of a few larger Hardware Store that might send the tool out for repairs. Smaller communities may have repairs as a common option.        As a contractor you may purchase a tiny tool (in size) but huge in price meaning it cost over Five Hundred Dollars.  These type of tools need to be depreciated. Congress approves an accelerated depreciation (Section 179) where most items can be depreciated at a 100% in a single year.

This benefits small contractors as the annual threshold is usually higher than they spend on tools and equipment. Each of these larger tools needs to be listed in the Accounting Software (we use QuickBooks Desktop In the Cloud) and we can setup QuickBooks for Contractors in a way that makes it fast and easy for the day to day contractor bookkeeping to get done. Why – Because the Tax Accountant decides on what can group and which tools and equipment need to be itemized individually. The rules differ depending on the item on how much can be depreciated on a single line and which items may have internal caps.   Short Answer - In other words, How many lines and How many pages does it take to get to 100%. If taking all of the depreciation available does not make sense to take it a single year the Tax Accountant may decide to use traditional depreciation rules. Using the thought that if taking 100% of the available depreciation doesn’t help you – don’t waste the depreciation deduction. Spread it out over several years.

What is Cost of Goods Sold In Construction Accounting?

Contractors often ask us can they buy our Chart of Accounts with Cost of Goods Sold and import them into their QuickBooks Desktop file or their QuickBooks Online file. The answer is yes!

Click Here for QuickBooks Desktop Chart of Accounts With Cost of Goods Sold

Click Here for QuickBooks Online Chart of Accounts With Cost of Goods Sold

Direct Costs are tied to the jobs (field labor, material, and other cost items) Office material (pencils, paper, toner, etc. are overhead) Yes, an Accountant could say these many pencils are used in the field, and that notepad is used in the truck. The answer is the dividing line of what the DIRECT COSTS to the job and those are Cost of goods sold (COGS).

Confusion always comes about the material. A Construction Contractor may purchase material and resell it to their customer at cost. Thereby thinking it is a reimbursable expense. (Lose money when doing this).   Remember all invoices to the Customer (Retail, General Contractor, Spec Builder, Developer) is income.  Washington State has a clear explanation. If the words are on the invoice, then the invoice is either taxable or non-taxable based on other factors. Every line item on a customer invoice is All INCOME.   Purchases for the material are Cost Of Goods Sold or are expenses if you are shortcutting your accounting. I have seen financial statements that are backed out because they will reflect reimbursable income as a negative number and thereby show it as a deduction. (Net effect is double dipping on the expense side) The cause is the accounting software like QuickBooks is not properly set up. We fix bad QuickBooks Setup For Construction Contractors.   New Construction Home Building is another area of confusion.   In the mind of many Construction Contractors, a Spec home is any new house that is being built for resale. That is true; it is a New Construction House. The question is on the Construction Accounting side. For the Owner and Developer (who might be the General Contractor running the job) it is a Spec Home. For the General Contractor who is building a New Construction Home for a Developer, it is NOT a Spec Home. Why it might seem the same as both are New Construction Houses. Question to be answered is Who owns the house?  It is a Spec House in the Accounting System for THE OWNER.     If the General Contractor Does Not Own the house then from an accounting side for that specific General Contractor, the house is a Custom Home who has an owner who is Not The General Contractor.   If the General Contractor, Developer who Owns the new House being built then it is a Spec House in the Accounting System. All costs roll up into WIP and covert to COGS when the house is sold not before. Recognize expenses when the house sells. Otherwise, expenses one year; sale the next equals TAXES.    In Washington State, all Construction Contractors working for a Spec Builder need to collect sales tax on all services (labor and material) when billed from the General and Trade Construction Contractors.     In Washington State, all Construction Contractors working on a Custom Home, Residential or Commercial Projects, Large or Small Remodels, Handyman Projects can accept reseller permit from the General Contractor.  Sales Tax is billed and collected from the Owner by the General Contractor.   In Washington State, Contractors need to collect sales tax on all retail project including Labor, Material, Other. Sales tax must be collected on every line item. Customer Discounts can be given for any reason. One quick word about hiring subcontractors. Make sure they are licensed and bonded based on the rules of your state. Review and make sure you are not their only customer. As Construction Contractor, you Do Not Want for any Government Agency (State or Federal) to re-classify them as your employee. Government Agencies share names, and there are Payroll taxes for everyone.   Part of rules, a 1099 Contractor must work for more than one person or company. Get a signed W-9. Internal Revenue wants to have 1099’s issued for everyone who received over six hundred dollars in a single calendar year. If you have employees, Use a payroll service that will electronically file Quarterly and Annual Returns.  Many will also file the 1099’s. Keep your reporting simple and easy. Easier to prove you filed on time. Having an outside Construction Accountant makes meeting the rules as a contractor versus an employee easier.

Fast Easy Accounting does the bookkeeping, accounting, payroll and offers business coaching for small, brand new Construction Contractors who are General Contractors, Trade Contractors, and Handyman all across the USA including Alaska and Hawaii. Do the parts that only you can do; leave the rest to us.   You are never too small for us to help and we can help beginning with your first day in business.    Looking forward to being of assistance.   Trick Or Treat – Happy Halloween See you at the Mall – Our Fun Place to watch all the kids from newborns to over xxx (shhh I can’t count that high) filled with the Kids At Heart dressed up in cute, funny costumes. Food Court has the best view. It is one of the few days everyone gets to have fun no matter how old they are the rest of the year.        Enjoy your day.  

About The Author:

https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com

I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person.

We Remove Contractor's Unique Paperwork Frustrations

We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company!

That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating the Podcast  www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance.

You Deserve To Be Wealthy Because You Bring Value To Other People's Lives!

I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast

This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com

Contractor Bookkeeping Done For You!

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

This guide will help you learn what to look for in outsourced construction accounting.

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast.

Enjoy your day.     Sharie

About The Author:

https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com

Our Workflow Removes Your Paperwork Frustrations

For Contractors Who Prefer

To Do Your Bookkeeping

Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open

Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:

#1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar

And QuickBooks Does Not Work The Way They Want It Too!

The Answer:

#1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company

#2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company

  Short List Of Construction Contractors We Serve

Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor

Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting

We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

  Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up Templates   Solopreneur

QuickBooks Chart Of Accounts     Free Stuff

QuickBooks Item Lists Templates     Consulting

  We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

If you are a blogger, who writes about construction we would like to hear from you.

https://www.fasteasyaccounting.com/guestblogger

                                                                                                Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Construction_Accounting_Secrets_For_New_Contractors

  Check out this episode about Contractors Marketing - Accounting - Production (M.A.P.)!

[constructionaccounting]

0233: Contractors Struggle To Save Paperwork Needed For Taxes

This Podcast Is Episode Number 0233 And It Will Be About Contractors Struggle To Save Paperwork Needed For Taxes

Tax Time! Corporate Income Tax Returns are due to the IRS by September 15th for S-Corp and LLC’s filing as an S-Corp

Other types of corporations may be in a fiscal year with varied due dates. The only exception is any emergency extensions granted due to hurricanes (Harvey) or others. Personal Income Tax Returns are due to the IRS by October 15th which falls on the weekend and extended to Monday, October 16th. Keeping Paper Documents is necessary. Most contractors go from one extreme to the other. One extreme is saving everything for decades, and the other is tossing everything out. What To Save? What To Toss Out? We no longer need to print and save every document in file folders and keep adding new file cabinets. Happiness is every document that can be retrieved electronically at any time in the future.

Sharie's Seven Paper Tips...

Sharie’s Paper Tip 101 Save your receipts. If you have it in paper Get a file box and toss in all the gas, food, misc receipts paid by credit card.  Make a note on the receipt. You have the receipt for backup. I remember a story where someone needed to prove where they were. Charges on the credit card statement weren't enough.   Sharie’s Paper Tip 201 Make individual file folders for your state taxes, quarterly payroll reports, W-2’s, 1099’s. Other helpful folders are for your Bond, Liability Insurance, Worker’s Comp Insurance, Tools, Office Equipment and Cell Phones. All the statements you may need to reference over and over again and Receipts with extended warranties. Sharie’s Paper Tip 301 Print a copy of the Contract with your client (electronic signatures is fantastic) use a service that will time and date stamp in case you have an issues. Contracts are great in case of dispute. If all goes well, then The Signed Contract is just another piece of paper. I have heard stories of customers altering the contract, and the contractor did not double check. Magically things happen with software. Be sure what the client signs are the same copy of the contract you sent them and expected to be signed.   Sharie’s Paper Tip 401 Take credit cards. Use multiple services if that is what is available. If you use a service to send your contracts for signature and they have a Merchant Services; then sign up for it. Everything that happens seamlessly is the best. Approval Now + Authorization of Payment means you have real money (their money) to start the job.   OPM (means using Other Peoples Money – meaning you are using the Client’s money to start, continue and finish the job). Build in the Merchant Services Fee into your pricing. Cost of doing business.   Many contractors lost money on Groupon Coupons as customers only would do the One or Two Rooms as was prepaid on the coupon. (Example Carpet Cleaning – Drywall Patching)   Sharie’s Paper Tip 501 Use an invoice built on Excel. Word is pretty and is needed for all the descriptions. But to properly get the money, you expect to be paid Contractors need a form that adds up the money. Do not call all the payments a Job Deposit all the way from beginning to end. Call it a Statement, Progress Invoice, once work is approved it is no longer an Estimate or a Work Order. If you are in a sales tax state (Washington State) and need to collect sales tax; then be sure to add sales tax to every invoice. Customers have selective memory. Be sure to use “Plus Applicable Sales Tax” on the Estimate, Contact and all future billings. If sales tax increases you need to be able to pass the increases on to the customer.   Sharie’s Tip 601 Contractors who are doing remodel projects like to have job costing. To achieve basic job costing reports the accounting software needs to know what job the expenses should apply to. Many contractors will create a single file folder and drop all of the individual receipts in it.   This is handy if they have outsourced their bookkeeping and needed to give their bookkeeping to others to enter into an accounting software (QuickBooks) One simple way to add more detail for bookkeeping is to have accounts with the primary supplier. The person at the counter will ask you if you have a PO (Purchase Order). Purchase Order does not need to be complicated. Job Name and Job Address. Why both name and address? Because the name that pays the bill may not be the same as the Nick Name that you know your client as.    Examples: Bob, Bobby, Rob, Robby, Robert or Bill, Billy, Will, William may be the same person to you but not to the bank, credit card company.   Always exciting when Spouse, Family member or good friend helps pay your invoice. From Accounting side; next week, next month, next year will you remember which job the individual receipts are tied to?   Sharie’s Tip 701 For larger projects – file folder for each invoice especially if you are billing Time & Material or Cost Plus.   Keep good records; customers will randomly want to confirm the cost of some or all of the items.

Does your customer want copies of all receipts?  

Does your customer want to nit pick the price of each 2x4, cost of temp? Service and every dump fee?  

Does your customer Agree Verbally To Change Orders but give excuses when asked to confirm changes on paper or by email?  

Does your customer hide when you ask for payment?

To be better able to assist, we have added our FastEasyAccountingStore.com for the convenience of clients who want to do their bookkeeping and need additional Chart of Accounts and Items Lists to make their QuickBooks File work more efficiently. Option available for Contractors using QuickBooks Desktop (US Version) using our server and continue to do their bookkeeping.        Contractors who want more hands on help to Set Up QuickBooks and want to consider Outsourced Accounting Services using QuickBooks Desktop (access optional) We have a process that begins with chatting about your needs, how and what you are currently doing with your bookkeeping.

Clients range from Brand New Contractor to Seasoned Contractor whether you are currently using Shoe Box, Excel Sheets, QuickBooks Desktop, QuickBooks Online or nothing at all we can help. Looking forward to being of assistance.       Enjoy your day. Sharie

  About The Author:

https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com

I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person.

We Remove Contractor's Unique Paperwork Frustrations

We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company!

That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance.

You Deserve To Be Wealthy Because You Bring Value To Other People's Lives!

I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast

This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com

Contractor Bookkeeping Done For You!

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

This guide will help you learn what to look for in outsourced construction accounting.

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast.

Enjoy your day.     Sharie

About The Author:

https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com

Our Workflow Removes Your Paperwork Frustrations

For Contractors Who Prefer

To Do Your Bookkeeping

Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open

Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:

#1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar

And QuickBooks Does Not Work The Way They Want It Too!

The Answer:

#1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company

#2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company

  Short List Of Construction Contractors We Serve

Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor

Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting

We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

  Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up Templates   Solopreneur

QuickBooks Chart Of Accounts     Free Stuff

QuickBooks Item Lists Templates     Consulting

  We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

If you are a blogger, who writes about construction we would like to hear from you.

https://www.fasteasyaccounting.com/guestblogger

                                                                    Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Contractors_Struggle_To_Save_Paperwork_Needed_For_Taxes

Check out this episode about Contractors Marketing - Accounting - Production (M.A.P.)!

[constructionaccounting]

0228: Our Proven Paperless Contractor Bookkeeping Replaces Bookkeeper

This Podcast Is Episode Number 0228 And It Will Be About Our Proven Paperless Contractor Bookkeeping Replaces Bookkeeper

Contractors Want Paperless Bookkeeping Services To Avoid Hiring A Bookkeeper

The horror stories about bad bookkeepers (in-house or as 1099 contractors) are never ending. For this reason, Contractors are reluctant to interview or hire an outside bookkeeper. Many Contractors are frustrated that the person they hired costs too much appears to know less about bookkeeping than the contractor themselves. Contractors I have talked to mention they know very little about accounting and do not want to know more.

You Want Someone To:

Take over the bookkeeping

Leave you alone

Not ask a lot of questions

Have everything ready for the Annual Tax Return

Provide Financial Statements when you need them

  YOU WANT TO KNOW IF YOU ARE MAKING MONEY

NOT THE MIND-NUMBING PROCESS OF ACCOUNTING

EVERYTHING SHOULD AUTOMATED AND PAPERLESS 

YOU SHOULD NOT HAVE TO DO ANYTHING!

THE SYSTEM IS THE SOLUTION!

    When Contractors Try To Do The Bookkeeping:

In doing the bookkeeping themselves; contractors will hook up every app they can find and set it on automatic and “Hope For The Best. ”Using the concept of setting it up once and never having to touch it again. The Contractor is hoping that Magically all the transactions will automatically download to the proper income or expense accounts. The reality is not quite that simple. Everyone is looking to automate their processes. Every minute The Contractor is the time that is taken away from doing something more productive or something more fun. Paperless Bookkeeping is achievable when setup properly. The answer is electronic documents being automatically being sent to someone who knows what to do when the documents are received. Willingness to follow directions and accept new ideas. It is the difference between using a framing hammer or a nail gun. Both will get the job done. One is a lot harder. Who is the expert in the field?  For Construction Contractors the saying “garbage in, garbage out” applies to their bookkeeping needs. Each level of detail adds more time for the contractor to explain in writing details about the job to someone else.  Ten minutes wasted trying to learn and use QuickBooks is ten minutes wasted. That extra 10 minutes is time you do not have. I could tell you – It’s just 10 minutes. You would roll your eyes up at me, in the same way, I will roll my eyes up at you if you were to tell me that Construction Bookkeeping can be completed in just 10 minutes per day.  We embrace technology and use multiple cloud based and desktop software to provide Paperless Bookkeeping Services to our clients. Our QuickBooks Files using a fully working QuickBooks Desktop Version In The Cloud and accessible to you from any web enabled device wherever you have internet access.

Cloud Based Remote Access To QuickBooks Desktop Version!

Paperless System For You To Store, Print, E-mail Documents

Microsoft Excel Is On The Server For You To Use 

Your QuickBooks Desktop Version In The Cloud 24/7 Access!ust A Few Mouse Clicks On PC Or Mac And Get:

The Key Reports You Need:

Cash Report anytime YOU want it!

Receivables report anytime YOU want it!

Payables report anytime YOU want it!

Profit & Loss statement anytime YOU want it!

Balance Sheet report anytime YOU want it!

Job Costing report anytime YOU want it!

Estimates Vs. Actuals report anytime YOU want it!

  The Screenshots Below Were Taken In Our Lynnwood Washington Office

 QuickBooks Is 1,000+ Miles Away Running On High-Speed Servers

    Tucked Securely In A Building With Armed Guards

With Highly Skilled Technicians Maintaining It

And We Do Part Or All of Your Bookkeeping

    All QuickBooks Files Are Backed Up Every Night On A Secured Server

English Speaking, U.S. Based Technicians Maintain The Server

QuickBooks Software Updates Are Automatically Applied

We Provide Your QuickBooks Maintenance And Support

Our Document Management Systems that link to your bank, credit card to provide electronic documents of your transactions. These are not direct feeds from the bank that cause havoc with your QuickBooks Data File. Do not allow or support direct feeds from your financial institution to your QuickBooks Data File. We manage the transactions and enter them properly into your QuickBooks Data File. Again – Garbage In = Garbage Out. All accounting software is designed for the broadest number of customers and if it is trying to be useful to anyone it will be the Tax Accountant’s software. As fantastic as AI’s (artificial intelligence) are (and I love spell check); the AI (artificial intelligence) does not know everything about everything. Someone has to be able to make a decision, guide the transactions to the proper results.  Example – Home Depot receipts can include, material, supplies, small tools, larger tools, plants, appliances, lumber, truck rental. Construction Accountant knows how to classify these receipts. In accounting, there is no such thing as a miscellaneous expense.  Recommend contractor have a Home Depot and Lowes Accounts. In the world of Construction Accounting Home Depot and Lowes revolving accounts are a credit card account (no different than a Sear account). The beauty of Home Depot and Lowes accounts when we setup our document management programs for our clients – we will see the transaction.  Going Green – Is more than just saving paper. It saves time printing documents, filing documents, owning multiple file cabinets, cases of file boxes for when the file cabinet gets full. Buying hanging folders, file folders, labels, envelopes, notebooks, tabs, and lots of paper. Every Contractor needs to keep some documents, in the electronic age, spending hours and hours filing paper documents is no longer necessary. Highly Profitable Contractors Embraced:

The Fax Machine

The Scanner

Taking a picture of documents on your cell phone 

Using Email from a computer or cell phone

Online Banking and Bill Paying 

Now – Enhanced delivery of documents using a secure environment directly from your bank. 

Paperless is here to stay. The question is the quality of results received by the Contractor is different between the software used from Free to what may on the surface seem like a Low Monthly Cost. The low price is not always the same as Good Value at a Reasonable Price Point.  We embrace providing Paperless Bookkeeping Services. Many of our local clients who are close by choosing to send documents electronically or by bank feeds. Every document that we see automatically from the bank, credit card, primary supplier is one less document The Contractor needs to handle. We have experienced Construction Accountants, and when we see a document, we know what to do. Continue to develop ways to make it easy for our clients to answer any document questions we have. Always on the lookout for new cloud based software that will “Play Well” with QuickBooks Software 

We have been providing Paperless Contractor Bookkeeping Services for a long time and we continue to find ways to get the work done with less burden on our Contractor clients. We no longer need you to send documents. We Regularly update our QuickBooks Desktop Chart Of Accounts And Cost Codes as we find enhancements that help us help you. Construction Contractors want to Save Money and Make Money – If we have an idea that will help; we are going to tell you. Every time a Construction Contractor is over-handling a document it costs money.  Construction Accounting is always, always about Being Green – It is the Color of Money.  Looking forward to chatting as we continue to improve our processes. 

  I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person.

We Remove Contractor's Unique Paperwork Frustrations

We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company!

That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance.

You Deserve To Be Wealthy Because You Bring Value To Other People's Lives!

I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast

This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com

Contractor Bookkeeping Done For You!

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

This guide will help you learn what to look for in outsourced construction accounting.

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

  Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast.

Enjoy your day.     Sharie

About The Author:

https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com

Our Workflow Removes Your Paperwork Frustrations

For Contractors Who Prefer

To Do Your Bookkeeping

Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open

Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:

#1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar

And QuickBooks Does Not Work The Way They Want It Too!

The Answer:

#1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company

#2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company

  Short List Of Construction Contractors We Serve

Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor

Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting

We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

  Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up Templates   Solopreneur

QuickBooks Chart Of Accounts     Free Stuff

QuickBooks Item Lists Templates     Consulting

  We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

If you are a blogger, who writes about construction we would like to hear from you.

https://www.fasteasyaccounting.com/guestblogger

                                                                        Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Our_Proven_Paperless_Contractor_Bookkeeping_Replaces_Bookkeeper

Check out this episode about Contractors Marketing - Accounting - Production (M.A.P.)!