From the Desk of…
MARIO NOWOGRODZKI, CPA/CITP
Founder and Principal
The deadline for reporting earnings to Uncle Sam has finally passed, making it the perfect time to review the technology side of this “taxing” requirement (pun intended).
Whether you prepare your own income tax return, or you have a trusted accounting professional do it for you, the best way to get ready for tax time is to have a handle on your financial records throughout the year. This will ensure you are ready to meet your filing deadlines and your tax reporting becomes nothing more than a formality.
Seamless Tax Reporting
The best way to pave the way to seamless tax reporting is to have a handle on your financial records throughout the year.
QuickBooks Enterprise is one of the best financial platforms to make that happen. Its capabilities go beyond tracking income and expenses, but can also help you manage your business better. To get the most out of QuickBooks Enterprise, you must have a clear understanding of its features and functionality.
As leaders in accounting technology solutions, we understand the need for proper setup and use of QuickBooks to guarantee the integrity of your business’s financial reports and management decisions. Utilizing QuickBooks Enterprise as a business management system lets you know where you stand all the time.
Last year, as nation, we paid $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes, for a total bill of almost $5.0 trillion, or 31 percent of our income! (Source: The Tax Foundation)
Since we are all already working part-time for Uncle Sam, let’s make it easy on ourselves and use the right financial management tools. Take advantage of these tools, not for just tax purposes, but to know your financial life with accuracy.
P.S. To learn more about what QuickBooks Enterprise can do for you, click here to register for our exclusive event on 31 May 2017!