Comprehensive List of U.S. States Offering Child Tax Credit Benefits
Tax season brings an opportunity for parents and guardians in various states to enhance their returns through state-level Child Tax Credits (CTC), in addition to the federal CTC, which offers up to $2,000 per child. This year, part of the federal benefit, known as the “Additional Child Tax Credit” worth up to $1,600, requires meeting […]
The Business Case for Bookkeeping During Tough Economic Times
The Business Case for Bookkeeping During Tough Economic Times In today’s volatile economic landscape, businesses of all sizes face unprecedented challenges. Recessions, market uncertainties, and shifting consumer demands can severely impact a company’s bottom line. During such tough times, it’s crucial for entrepreneurs and small business owners to prioritize financial management strategies that can help […]
Mastering Customer Payment Tracking in QuickBooks Online
Effective tracking of customer payments is crucial for maintaining a healthy cash flow and accurate financial records. QuickBooks Online offers robust tools for this purpose, simplifying what can otherwise be a complex process. This article will guide you through tracking customer payments in QuickBooks Online and introduce how Ledgerive, a leader in remote bookkeeping and […]
Mastering Invoice Creation and Distribution in QuickBooks Online
Creating and sending invoices is a fundamental business process, pivotal for ensuring timely payments and maintaining healthy cash flow. QuickBooks Online simplifies this task with intuitive features. This article will guide you through creating and sending invoices in QuickBooks Online and introduce how Ledgerive, a specialist in remote bookkeeping and tax services, can enhance your […]
Optimizing Financial Management: Importing Bank Statements into QuickBooks Online
In the era of digital accounting, the ability to import bank statements directly into QuickBooks Online stands as a significant time-saver and accuracy enhancer for businesses. This article will explore the process of importing bank statements into QuickBooks Online and conclude with how Ledgerive, a forward-thinking provider of remote bookkeeping and tax services, can facilitate […]
Streamlining Credit Card Reconciliation in QuickBooks Online
Reconciling credit card accounts in QuickBooks Online is a crucial task for maintaining accurate financial records. This process involves matching credit card transactions with your QuickBooks records, ensuring that every charge and payment is accounted for. In this article, we’ll guide you through the reconciliation process in QuickBooks Online and introduce Ledgerive, your ideal partner […]
Efficiently Managing Bank Account Transfers in QuickBooks Online
Handling transfers between bank accounts in QuickBooks Online is a critical aspect of accurate financial management. This process, when done correctly, ensures that your financial records accurately reflect all movements of funds between accounts. In this article, we’ll explore how to manage these transfers effectively in QuickBooks Online and introduce the services of Ledgerive, a […]
Homeowners in B.C. Faced with Vacancy Tax Despite Residing in Property
Madison and Charlotte Becerra, a couple residing in Ladysmith, B.C., on Vancouver Island, are facing the potential loss of their home following an unforeseen tax demand. The B.C. government has levied a $13,000 speculation and vacancy tax against them, payable by July 1, under new regulations affecting their area. Background The Becerras, who purchased their […]
Understanding Your Tax Refund Timeline for Fiscal Year 2023
As the Internal Revenue Service (IRS) commences the review and assessment of 2023 tax returns, understanding the timeline for tax refunds becomes crucial for taxpayers. Those who filed their tax returns promptly stand a chance to receive their refunds earlier. The IRS has an efficient online tool, “Where’s My Refund?”, which allows taxpayers to track […]
How to Prevent Employee Fraud With Better Accounting Practices
Employee fraud is a serious issue that can have devastating financial consequences for businesses of all sizes. According to the Association of Certified Fraud Examiners (ACFE), organizations lose an estimated 5% of their annual revenue to fraud, with a significant portion of these losses attributed to employee misconduct. Protecting your business from employee fraud requires […]