Here's just a sampling of what you get in each monthly issue:
You get the latest bookkeeping, accounting and tax rules for:
Withholding and depositing payroll taxes . . . worker classification . . . giving former employees advances on federal COBRA subsidies . . . state-by-state SUI data reporting under the stimulus law . . . when your company or client needs—or does not need—a new EIN . . . new 941 and W-2 reporting requirements . . . and more.
You keep current on bookkeeping and reporting techniques—such as how to:
Book company credit card invoices that include personal charges and personal credit cards with reimbursable amounts . . . book the trade-in of an asset . . . record leases of all kinds—at signing and each month . . . correct 941 and W-2 errors . . . withhold and report employee use of company cars or business use of personal cars . . . and more.
You get time- and money-saving charts and tables—such as:
Fringe-Benefits Chart: What Goes Where on the W-2, 941 and 940 . . . Tax Write-off Table for Company Vehicles (and owner's car) . . . State-by-State Rules for Giving a Final Paycheck . . . State-by-State Rules for What Goes on Employee Pay Stubs . . . Tracking Chart: Where to Find That Source Document or Original Transaction.
You get practical tips—here are 5 right now:
1. If a customer gives you a postdated check, book it as Notes Receivable (not Cash).
2. Former workers who consult and do the same job as before are employees—not ICs.
3. You do not have to include paid holidays and sick days to determine overtime pay.
4. You use landscaper Ed Lee, DBA, Lee Enterprises; on the 1099, use "Ed Lee."
5. A note extended to a customer is recorded at face (not maturity) value.
I'm sold. Enroll me now.
You keep up with your professional reading—even when you don't have time.
We scan 100s of accounting, tax, and business publications, then find and condense the 6-10 most useful nuggets for bookkeepers—so you catch up in minutes!
You sharpen your skills with a Bookkeeper's Quiz in each issue. Try one:
1. Are new tires for the company car depreciated or expensed?
2. FOB shipping point is recorded as inventory on the date of _____.
3. Repair bills are expensed provided that the repairs do not _____ the life of the asset.
4. When you distribute profits to owners, do you debit or credit retained earnings?
5. Do reimbursements of an IC's substantiated expenses go on a 1099?
1. depreciated 2. shipment 3. extend 4. debit 5. no
You get a monthly tax-deposit memory jogger—a payroll Tax Calendar.
Each month you get deposit dates for all semiweekly and monthly deposit periods.
You put monthly and annual rates and numbers at your fingertips:
 Monthly CPI-U (Urban areas)
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IRS auto depreciation limits |
Monthly AFR rates |
2009 FICA rates and wage limits |
Latest federal cents-per-mile rates |
2009 FUTA rates, credits |
Key IRS phone numbers |
2009 retirement plan limits |
Key SSA phone numbers |
MACRS tables for 5-/7-yr property |
Plus
- State-by-state news on reporting and payroll requirements
- Everyday bookkeeping questions—and answers
- Practice management and marketing tips from successful freelancers
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