Powers Accounting Client Handouts
Home
Services
About Powers Accounting
Contact Powers Accounting
Useful Links

*
*
* Spring 2015: Bartering Income: The Value of Property or Services You Receive.
If you barter, you should know that the value of products or services from bartering is taxable income. This is true even if you are not in business.
Read more ....
 
* Fall 2014: Top Ten Tax Facts if You Sell Your Home.
Do you know that if you sell your home and make a profit, the gain may not be taxable? That's just one key tax rule that you should know.
Read more ....
 
* Summer 2014: IRS Tip Sheet on Gambling Income and Losses
Whether you like to play the ponies, roll the dice or pull the slots, your gambling winnings are taxable.
Read more ....
 
* Spring 2014: Tax Subsidized Employee Commuting Costs
The Federal government, Tri-Met, C-TRAN and other state programs for employers helps to offer employees some tax-favored subsidies to ease commuting in the Metro Area.
Read more ....
 
* Winter 2013: Protected Sick Time Requirement for Portland Employers
If you are a Portland area employer, you will be required to begin accruing sick leave for your employees beginning Jan. 1, 2014.
Read more ....
 
* Fall 2013: Employer Responsiblities for Employee Tip Reporting
If you have tipped employees, it is critical that you understand basic federal employer responsibilities for reporting them.
Read more ....
 
* Summer 2013: Overtime Pay Considerations for Oregon and Washington Employers
If you have employees, it is critical that you understand basic federal and state overtime regulations.
Read more ....
 
* Spring 2013: New Home Office Option for 2013
A second, more simplied option for taking the home office deduction. The first, more traditional option was described in the Winter 2012 article (below).
Read more ....
 
* Winter 2012: Home Office Tax Deduction
What is the home office deduction, how it is taken, and what expenses qualify.
Read more ....
 
* Fall 2012: Quarterly Estimated Tax Payments
Who must make quarterly estimated tax payments, how they are made, tips on figuring them out.
Read more ....
 
* Summer 2012: Independent Contractor vs. Employee
What are the differences between an independent contractor and an employee? How much choice is there in classifying a worker as a contractor?
Read more ....
 
* Spring 2012: Q & A On The New Form 1099-K
Beginning in 2012, the IRS is requiring a new Form 1099-K to be issued. What does this new form mean for the small business person?
Read more ....
 
* Winter 2011: Year-end 2011 Tax Checklist - Make Taxes Easier
Don't wait until the last minute to start tax planning. Mid-April will be here soon enough and there are many things you can do to ensure a stress-free tax filing season.
Read more ....
 
* Summer 2011: Should I Upgrade My QuickBooks Program?
Each year, Intuit releases a new version of its popular QuickBooks Pro and Premiere software programs. Each new version usually contains new features, functionality and program improvements compared to last year's version. Intuit also continues to provide support and software fixes for the last three versions of QuickBooks.
Read more ....
 
* Winter 2010: Year-end 2010 Tax Checklist - Make Taxes Easier
Don't wait until the last minute to start tax planning. Mid-April will be here soon enough and there are many things you can do to ensure a stress-free tax filing season.
Read more ....
 
* Fall 2010: Two Ways to Writeoff Bad Debts in QuickBooks
When a client defaults on an invoice, how do you write it off in QuickBooks? Learn about the Discount and the Credit Memo methods.
Read more ....
 
* Summer 2010: QuickBooks Tips, Tricks & Favorite Features
More than 100 accountants and other QuickBooks professionals were surveyed about their favorite QuickBooks tips and tricks. Here is the cream of the crop.
Read more ....
 
* Spring 2010: Employee vs. Independent Contractor Issues
More and more individuals are working as freelancers and independent contractors these days. However, the IRS would generally prefer you to be an employee.
Read more ....
 
* Winter 2010: QuickBooks 2010 Product Comparison
If you are considering buying or upgrading to the latest version of QuickBooks, you may want some help in figuring out what version and flavor will suit your needs the best.
Read more ....
 
* Fall 2009: Voiding Checks in QuickBooks
Voiding checks is a deceptively easy skill that could have unexpected negative consequences if the check is in a prior period.
Read more ....
 
* Summer 2009: Top Ten Tips to Help Prevent Fraud (in Order of Effectiveness)
Ten easy and useful methods to help prevent financial fraud, in order of effectiveness:.
Read more ....
 
* Spring 2009: Current Rules for Dependency Exemption Claims
Each dependency exemption you claim on your tax return for 2008 is the equivalent of a $3,500 deduction. And, while most dependency exemptions for children are claimed by parents or other relatives, that's not always the case. If you help support a child who is not related to you, you may be entitled to a dependency exemption if certain requirements are met.
Read more ....
 
* December 12, 2008: Entering NSF Checks Into QuickBooks
There are two methods for entering NSF checks into QuickBooks. The first is to re-invoice the customer, and the second is to account for NSF charges using statements.
Read more ....
 
* September 30, 2008: College Education Tax Saving Strategies
According to the latest figures, the cost of a year's education runs around $24,000 at a private four-year college and over $6,000 at a public college-and the costs are increasing by more than 6% annually. Fortunately, the tax law does offer a number of tax breaks that provide relief to families facing escalating college costs.
Read more ....
 
* July 24, 2008: QuickBooks Keyboard Shortcuts for Dates
While QuickBooks is middling fair for ease in entering data, many users spend a good portion of their time navigating through the date field in report settings or transaction entering. QuickBooks provides many little-known keyboard shortcuts that are definitely worthwhile to learn and a handy chart of them is available here.
Read more ....
 
* Summer 2008: When Can I Throw Documents Out?
Keeping and storing financial records is costly. It costs in office supplies such as boxes, folders, and filing cabinets to organize the records. Some files might be needed by various agencies or for legal reasons.
Read more ....
 
*
*

©2004-2018 Agape Tax, Accounting & Computer Services, P.S.

[ Home ] [ Services ] [ About ] [ Contact Info ] [ Useful Links ]

Powers Accounting Logo