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Abstract:
The purpose of TechKnowDude radio is to help you use technology more effectively build a better life. Today we discuss Quickbooks Accounting with Layna Gifford of New Century Business services. Learn more about Keeping the books! Making taxes easier. Small business success tips.
Some questions we hope to answer:
1. What is it that New Century Business Services specializes in?
2. Why is accurate bookkeeping so important?
3. Why out-source your bookkeeping needs?
4. What software do you use with most of your clients?
5. How well does QuickBooks work with your clients?
6. How do most of the accountants that you work with feel about their clients using QuickBooks?
7. If someone is already using QuickBooks, what tips can you give them?
8. Should they upgrade their version to 2006?
9. What other options do they have for upgrades?
10. Do your clients use Online Banking and how does that work with QuickBooks?
11. Do you use remote access?
12. Can you do your own payroll using QuickBooks?
13. Can you manage your business credit cards using QuickBooks?
14. Does QuickBooks offer Merchant Solutions for Credit Card Processing?
15. What steps would you suggest for businesses to prepare for the year end?
Payroll: send w2’s by 1/31/06
Payroll: complete 4th qtr payroll tax forms by 1/31/06
1099: gather all information for contract labor and others who receive 1099 and send by 1/31/06
CPA: copies of all December bank statements and reconciliation
CPA: copies of all December credit card statements and reconciliation
CPA: copies of any receipts and description of costs over 300.00 for furniture, fixtures, office equipment, tools and any additional assets
CPA: copies of all quarterly payroll tax reports and sales tax reports
CPA: make sure any journal entries given to you from CPA from previous year have been entered
CPA: make copies of all new loan documents from 2005 and any new vehicle loan documents for company purchased vehicles
New Year: set up tax rate for Employment Security Comm.
New Year: verify deposit liability for 941 tax deposits, monthly, semi-monthly etc.
New Year: clean out all old files and create new ones for 2006
New Year: new deductible vehicle mileage rate for 2006 is 44.5 cents per mile
Today's Guest:
Layna Gifford
Layna is the founder and owner of New Century Business Services located in Arden. In the Asheville area since 2000, they handle business financial services. Layna has over 20 years experience in the business and financial community.
New Century Business Services
170 Bradley Branch Rd., Suite 5
Arden, NC 28704
828-654-7117
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