Capstone Tax

Entrepreneur, mom and CPA with a passion for helping small businesses

[Capstone Tax @DyanBCPA]

As COVID-19 spreads we're taking safety measures to protect our employees/clients. We have temporarily closed our office and working remotely. Call 913-745-4880 / [email protected]. There may be a delay during transfer, don’t hang up! We're still here to help you!

[Capstone Tax @DyanBCPA]

We are grateful for all our clients!
We wish you all a stress free day with good food, fun company, and safe travels!

[Capstone Tax @DyanBCPA]

#MotivationMonday

[Capstone Tax @DyanBCPA]

Make sure you understand the taxability of new product offerings -
It’s important to understand the taxability of a new product in each state and each nexus you are offering it. Product taxability laws are often inconsistent across state lines.

[Capstone Tax @DyanBCPA]

... You can also follow the same process when adding an icon. Go to “View” menu, click “Customize Icon Bar”, and choose an icon from a list by clicking “Add” and “OK”.

[Capstone Tax @DyanBCPA]

You can customize your QuickBooks icon bar by moving icons around and modifying the existing ones to meet your needs. You can remove an unnecessary icon by going to the “View” menu and clicking on “Customize Icon Bar”. Then click on the icon you want to delete...

[Capstone Tax @DyanBCPA]

If you have unsold or unused inventory, donate it and get the tax deductions instead of spending to store it. Company donations of money, supplies, and property are all considered deductible expenses. However, donations of goods greater than $500 have stricter reporting rules.

[Capstone Tax @DyanBCPA]

#MotivationMonday

[Capstone Tax @DyanBCPA]

... When you review your process for keeping sales records, look for the following:
- Clear and complete information in your ledgers
- Easily accessible documentation
- Show the flow of each transaction

[Capstone Tax @DyanBCPA]

Audits can significantly drain business time and resources. If you take the time now to review your process for keeping sales records, it will go a long way towards minimizing your costs in the event of an audit...

[Capstone Tax @DyanBCPA]

... You also can re-arrange these tabs any way you like by merely clicking on the tab and dragging it to the desired location.

[Capstone Tax @DyanBCPA]

If you want to take advantage of Tab Browsing go to your Home Page and right click on Reports, for example. The right click menu offers you the option of opening up in a new window or a new tab. This is similar to the Open Windows list in the desktop version...

[Capstone Tax @DyanBCPA]

... Forecasting all of those key factors in your cash flow will help you thrive and grow your business year after year.

[Capstone Tax @DyanBCPA]

Build a cash flow forecast to estimate your tax impact and prepare for your payments, as well as your deductions. Modeling the flow of your receivables and payables alongside your budget and sales pipeline will help you at tax time...

[Capstone Tax @DyanBCPA]

... The key to accurately identifying your jurisdiction is to pinpoint the correct destination or location of the transaction using data such as latitude and longitude coordinates.

[Capstone Tax @DyanBCPA]

... If you base your sales tax rates on ZIP codes, you risk applying the wrong rates and remitting sales tax to the wrong jurisdictions...