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Small Business Tax Calendar for November 2008
The following list of November tax dates will be useful to accountants, bookkeepers and small business owners:
QuickBooks 2009 Has Great New Features
QuickBooks 2009 has some great new features. The top six reasons Intuit touts to upgrade to QuickBooks 2009 are:
Accounting Internet Library Worth A Look
The Accounting Internet Library, put together by a retired accounting teacher - Walter Antoniotti, includes links to a vast amount of information for accounting students, teachers, and business professionals. The information is broken out into five main areas:
QuickBooks Tutorials: Memorized Transactions
We recently added a number of QuickBooks tutorials related to handling recurring and memorized transactions in QuickBooks. Each QuickBooks tutorial includes step-by-step instructions and screen shots.
Maximum Wages Subject to Social Security Tax in 2009 Will be $106,800
The maximum amount of wages subject to social security taxes increases annually. It was $97,500 in 2007, $102,000 in 2008, and will increase to $106,800 in 2009. Over the past 10 years the maximum wages subject to social security taxes have been as follows:
2009 Tax Rate Tables
The IRS recently released the updated tax rate tables for calendar year 2009. The 2009 tax rate tables are as follows:
IRS Announces 2009 Inflation Adjustments
The dollar amounts of many tax provisions are revised by law annually by the IRS. The major changes affecting 2009 tax returns are:
Deleting Memorized Transactions
Deleting memorized transactions is easy and, if you use memorized transactions a lot, worth doing periodically. It is easier to find the memorized transactions you do use if you clear the ones you no longer use out every now and then.
Editing Memorized Transactions
If you need to edit a memorized transaction, you can do so. If you are making significant changes, then it might be worth simply deleting the memorized transaction and re-entering it. However, editing the memorized transaction is easy, so both options are fine. To edit a memorized transaction, simply:
529 Plans Explained
529 Plans are educations savings plans which are designed to help families put away money for future college expenses. An explanation of the key benefits of 529 plans follows, along with answers to some common questions about 529 plans.
