Happy Thanksgiving!

happy-thanksgiving

 

Holt Pros wishes you and your family a very Happy Thanksgiving!

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The Real Numbers on the Budget Deficit

a look at the budget cartoonThe March projections on America’s Budget Deficit was projected to reach a 22 percent increase, but the latest projection shows it will be closer to a 35 percent increase or $590 billion.

Read the details of the article: Budget Deficit for FY 2016 Higher Than Originally Projected

 

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Business Savings!!!

small-business-discounts-headerThere 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.

Avis Car Rental – Business Program

Staples – Business Discount Program

Verizon – Business Discount Program

FTD Partner Discount Program

UPS Small Business Program

 

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.

Always ask for discounts…you might be surprised at the savings you can enjoy!!! greedy man with money cartoon

 

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IRS Will Change Review of Amended Returns

irs with 1040The 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.

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Take Offensive Action Against Cyber Crime

Electronic Gadgets

Learn what your business can do to fight Cyber Crime with the article, “3 Steps Businesses Can Take to Avoid Cyber Crime”.

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QuickBooks Online Forms Change

Intuit QuickBooks Online Logo

 

QuickBooks Online clients will get new layouts for invoices, estimates, and sales receipts.

Clients will be able to:

  • Save and use multiple templates
  • Choose from different styles
  • Resize columns
  • Capture invoice signatures directly on their phone or tablet
  • Enlarge their logo by uploading it again

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.

WATCH VIDEO

To learn more about how to customize your invoices in QuickBooks Online, follow the link below to access the step by step process.

HOW TO CUSTOMIZE YOUR INVOICE

 

Tax Deadline for Filing 2015 Taxes

Tax Deadline April 18The deadline for filing your 2015 income taxes is April 18, 2016 due to the Emancipation Holiday in Washington, D.C. That’s right, you have a few extra days this year.

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.

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