The SECURE ACT – New Rules for Retirees

  New Law Extends Key Tax Breaks into 2020 — aka How Congress tries to upset your year-end planning Just when it seemed like Congress was too distracted by impeachment proceedings and national security to worry about taxes, they throw curveballs into our year-end tax planning.  The Extenders and Secure (Retirement) Act are just a…

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Common sense year-end planning

2018 Hourglass

7 last-minute tax moves for your business Postpone invoices. If your business uses the cash method of accounting, and it would benefit from deferring income to next year, wait until early 2019 to send invoices. Accrual-basis businesses can defer recognition of certain advance payments for products to be delivered or services to be provided next…

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Another Peachtree tip for year-end accounting

When moving to the beginning of your tax year in Peachtree Accounting, be sure to adjust for the new state unemployment rate. This will insure the accuracy of Peachtree’s calculation of the amount you’ll pay at the end of the first quarter.  

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How to safely close the year in Peachtree Accounting

For our clients using Peachtree Accounting: If you own one of the Premium versions of Peachtree Accounting, you’ll get the following screen during the year-end close at period 24.   By checking the Archive Company box, you’ll cause the system to create an extra company and preserve the ability to view all reports of prior…

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