McVay Business Services - Accounting & Tax Services Pensacola, FL
No Problem, Mike McVay Will Know What To Do, QuickBooks Clean-Up, Training, Tax & Payroll - He has you covered!
Is my QuickBooks set-up correctly? This is one of the most common comments I get via e-mail, and it sounds like this: “I was watching your YouTube videos and it helped me get started with QuickBooks, however I have a feeling that I may have be missing something as my bank balances don’t match, my expense categories don’t seem to match.
A clean QuickBooks can keep you from being audited by the I.R.S. According to this taxprotoday article,the IRS audits are just .5% of tax returns and there are 12 “red flags” to look after: Misreporting or not reporting income Earning more than $200k Big changes in income Unusually high charitable deductions & Unusually low salaries especially if your an S-Corporation.
No matter which version of QuickBooks you're using, there are always ways to make your workday easier. As with any software, we tend to learn the features we need and not much more. But small changes in the way you operate can add up to significant time savings and more accurate files. If you jumped into QuickBooks without a thorough introduction, consider these tips.
Mike McVay, Certified QuickBooks ProAdvisor - Tax Advisor
850-725-5696 * Mike@MikeMcVay.com
Clean-Up * Set-up * Training * Payroll & Workers Comp
Mike McVay, Tax Accountant Blog
Certified QuickBooks ProAdvisor & Licensed Tax Accountant Pensacola, FL
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