Holt Pros wishes you and your family a very Happy Thanksgiving!
Read the details of the article: Budget Deficit for FY 2016 Higher Than Originally Projected
There are many business savings programs available and often are overlooked. Be sure to ask all service providers if they offer a business discount that will help your business save money. Listed below are a few companies that offer businesses discounts for their products and services. Some offers will include savings available with their Partners. Others will offer discounts to your business and your employees.
You might find more savings available through memberships you and your business maintain, such as a local Chamber of Commerce or a industry specific business association. When looking for savings, contact your vendors and ask them for savings plans they have available. Some vendors will offer discounts on invoice terms of payments received within 10 business days.
The IRS will be changing some of the ways they review amended tax returns reflecting refunds due. These changes are a result of a government report that estimates approximately $34.4 million in tax refunds and abatements were inappropriately allowed. The Treasury Inspector General for Tax Administration recommended changes to specific controls, tools and procedures in the IRS examinations, to improve surveying, auditing and documenting reviews of claims for refunds and abatement of taxes. The IRS management agreed to five out of six of the recommendations. Management did not feel there was sufficient benefits to warrant expansion of creating documentation to support the surveys of the exams.
Learn what your business can do to fight Cyber Crime with the article, “3 Steps Businesses Can Take to Avoid Cyber Crime”.
QuickBooks Online clients will get new layouts for invoices, estimates, and sales receipts.
Clients will be able to:
If clients don’t want to switch to the new layouts yet, they can keep the old ones for a few more months. Just Select “Classic” from the Form Styles list and make it the default.
To learn more about how to customize your invoices in QuickBooks Online, follow the link below to access the step by step process.
One exception would be for the Taxpayers in Maine and Massachusetts who have until April 19, 2016 to file their 2015 income tax returns due to the Patriot’s Holiday in those states.