The corporate tax rate schedule has been the same for a number of years and President-elect Obama has said he has no plans to change corporate tax rates. Assuming the rates don't change, 2009 corporate tax rates will remain as follows:
QuickBooks 2009 Live Community greatly simplifies getting help in QuickBooks. If you keep the Live Community/Help window open while you work in QuickBooks, it continually changes to suggest relevant topics to whatever it is in QuickBooks that you are currently working on. And you can choose between getting help via the standard QuickBooks Help (which is faster and easier to use than it used to be) or using Live Community to ask a question. If you choose to ask a question in Live Community, the first thing Live Community does is to check to see if your questions has already been asked and answered, in which case you can go right to the answer, as opposed to waiting for someone to answer your question.
The QuickBooks 2009 feature that I am most excited about is the Company Snapshot. It doesn't really add any functionality, but it does make it really easy for a manager to quickly see key information that in the past they probably did not look at as often as they should. For this reason, I think the Company Snapshot alone is a reason to consider upgrading to QuickBooks 2009.
The following list of November tax dates will be useful to accountants, bookkeepers and small business owners:
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:
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:
After lowering interest rates by 1% each the last two quarters, the IRS announced today that they are raising interest rates by 1% effective October 1, 2008. Therefore, beginning today the interest rates will be:
Following is a list of October dates that small business owners, bookkeepers and accountants should be aware of:
Hourly bookkeeper rates vary greatly. I have seen US companies advertising bookkeeping rates of $10/hour and others charging over $100/hour for bookkeeping services. However, the majority of bookkeepers charge from $40/hour to $75/hour for their services, which from my experience is what competent bookkeepers should charge. I would caution companies to question the competence of a bookkeeper charging less than $40/hour and to think twice before paying more than $75/hour for bookkeeping services.
Following is a list of important September tax dates for small business owners, bookkeepers and accountants to be aware of: