In the case of non-cash charitable gifts you need to be careful not to fall into several tax traps that may limit your deduction.
7 last-minute tax moves for your business Postpone invoices. If your business uses the cash method of accounting, and it would benefit from deferring income to next year, wait until early 2019 to send invoices. Accrual-basis businesses can defer recognition of certain advance payments for products to be delivered or services to be provided next…ye2018, year end tips, year-end
When moving to the beginning of your tax year in Peachtree Accounting, be sure to adjust for the new state unemployment rate. This will insure the accuracy of Peachtree’s calculation of the amount you’ll pay at the end of the first quarter. . Share with.emailFacebookTwitterAccounting, peachtree, peachtree accounting, peachtree tip, unemployment rate, year-end
For our clients using Peachtree Accounting: If you own one of the Premium versions of Peachtree Accounting, you’ll get the following screen during the year-end close at period 24. By checking the Archive Company box, you’ll cause the system to create an extra company and preserve the ability to view all reports of prior…Accounting, peachtree, peachtree accounting, year-end