QuickBooks Tip: Tracking Time in QuickBooks

When you sell a product to a customer, you know it. It goes away, and your inventory count in QuickBooks is reduced by one. This tracking helps you know what’s selling and what’s not, and it signals when a reorder is due. If your business provides services to customers, though, you’re selling your employees’ time
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Study the Two Education Tax Credits

If your child is going back to college this fall, you may be in line for either one of two higher-education credits: 1. American Opportunity Tax Credit (AOTC): The maximum $2,500 AOTC may be claimed for each student in the family. It is available for up to four years of study. 2. Lifetime Learning Credit (LLC): The
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Tax Deductions on the Move

Key rules for job-related expenses Are you planning a move in the near future? Be aware of special tax rules for deducting moving expenses on your personal tax return. In some cases, moving expenses are fully or partially deductible, while other times they are not. Background: You may deduct moving expenses only if you switch
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