Here's just a sampling of what you get in each monthly issue:
You get the latest bookkeeping, accounting and tax news:
In minutes, you pick up the latest rules for cutting pay or hours for hourly v. salaried workers . .
. unpaid work hours that must be paid (70% of employers don't know what they are) . . . what turns supervisors back into hourly workers (with years of overtime pay due) . . . how to withhold on personal use of company cars . . . and more.
You keep current on bookkeeping and reporting techniques—such as how to:
Book company credit card invoices that include employees' personal charges . . . record leases at signing and each month . . . withhold on summer and part-time workers and owners' children . . . withhold v. not withhold on bonuses, gifts, awards and prizes . . . correct 941 and W-2 errors . . . 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 the 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
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Monthly AFR rates
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2011 FICA rates and wage limits
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Latest federal cents-per-mile rates
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2011 FUTA rates to June 30--and after July 1
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Key IRS phone numbers
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2011 retirement plan limits
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Key SSA phone numbers
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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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