How do I enter non deductible expenses in Quickbooks?
Click the “Memo” field and enter any important information about the transaction. This is the second field in which you can mark the expense as being non-...
Category: Updates
What is a non resident client?
A non-resident is an individual who mainly resides in one region or jurisdiction but has interests in another region. What is NRA nonresident alien? Nonre...
When can a mortgage company call a loan?
As mentioned above, a lender can theoretically call your loan due for just one missed payment, depending on the terms of your mortgage agreement. However,...
Does PA recognize federal S election?
The Pennsylvania rule states any federal S corporation is automatically a PA S corporation unless they elect out. Is S Corp federal or state? An S corpora...
Why is nursing school so terrible?
Nursing school isn’t for the faint of heart. Because nursing programs tend to be more demanding in terms of credits, many students are forced to fast-trac...
Can you retire from the post office after 25 years?
If you leave with 5 or more years of service, you are eligible for a deferred retirement benefit at age 62 or later. If you leave with at least 5 years bu...
What happens if you only file one W-2?
If you don’t report all of your income, then the IRS will send you a notice in the mail. All tax forms are sent to both you and the IRS. If something is m...
How are capital accounts reported in a S corporation?
S Corporation Capital Accounts The capital accounts come into play in two crucial aspects of an S corporation’s financial and tax reporting. First, the ca...
What does it mean when an HOA has reserves?
Having a reserve fund allows the board to fund these expenses without having to raise association dues or resorting to special assessments. With sufficien...
Can a nursing home take assets in a trust?
A revocable living trust will not protect your assets from a nursing home. This is because the assets in a revocable trust are still under the control of ...
