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LVBW · 1W ago

Chris Blach, QuickBooks ProAdvisor

Chris Blach, QuickBooks ProAdvisor Billing for inventory parts is easy. Pick the items from a list and specify a quantity. Poof. Done.Billing for costs, time or mileage is a little more complex. QuickBooks has built-in tools to help you do this, but it’s a bit of a process.To simplify your work flow
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LVBW · 1W ago

Filing Amended Returns: The Facts

What if you’ve already filed your return, but realized that you were eligible for a deduction or credit that you didn’t take, or worse–discovered an error and need to “fix it” on your return? Fortunately, there’s an easy answer: file an amended return. Here’s what you need to know if you’re consider
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LVBW · 1W ago

Employee or Independent Contractor – Which Is It?

If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to the difference between independent contractors and employees.  Why It Matters The Internal Revenue Service and state regulators scrutinize
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LVBW · 2W ago

How to Spot an IRS Impersonation Scheme

The IRS does not send taxpayers unsolicited e-mails about their tax accounts, tax situations, or personal tax issues. If you receive such an e-mail, most likely it’s a scam.IRS impersonation schemes flourish during filing season. These schemes may take place via phone, fax, Internet sites, social ne
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LVBW · 2W ago

Six Tips for People Who Pay Estimated Taxes

If you have income that is not subject to withholding you may need to pay estimated taxes to the IRS during the year. Whether you need to pay estimated taxes is dependent upon your financial circumstances, what you do for a living (if you’re self-employed for example), and the types of income you re
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LVBW · 2W ago

What to Do If You Haven’t Filed an Income Tax Return

Filing a past due return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether full payment can be made with the return. Depending on an individual’s circumstances, a taxpayer filing late may qualify for a payment plan. It is important, howev
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LVBW · 2W ago

Financial Tips for May 2012

When to Review Your Life Insurance Coverage It makes good financial sense to periodically examine your life insurance coverage to make sure the coverage is still sufficient. After all, life insurance is often a family’s most important financial and estate planning tool. With today’s frequent changes
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LVBW · 1M ago

Client Spotlight: Concept Construction Corporation

Concept Construction Corporation: Building Western New York State and Western Pennsylvania Ever wonder about the story behind the control tower at the Buffalo-Niagara International Airport? One of Buffalo’s most recognizable landmarks, the 17 story tall structure has a 60 ton concrete base for the m
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LVBW · 1M ago

Spring Cleaning: Tax Records You Can Throw Away

Spring is a great time to clean out that growing mountain of financial papers and tax documents that clutters your home and office. Here’s what you need to keep and what you can throw out without fearing the wrath of the IRS.Let’s start with your “safety zone,” the IRS statute of limitations. This l
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LVBW · 1M ago

10 Facts About Mortgage Debt Forgiveness

Canceled debt is normally taxable to you, but there are exceptions. One of those exceptions is available to homeowners whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012.Here are 10 things you should know about Mortgage Debt Forgiveness. 1. Normally, debt forgivene
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