The movement by companies to offer working online as well as purchasing software is almost standard procedure and QuickBooks is no exception.For businesses that work from various locations, the choice to connect online is invaluable. For suppliers, the ability to provide the most up-to-date versions is a definite benefit to keeping customers happy and problems at bay. So how do you decide between working online versus buying software?
Did you now that volunteers may be eligible to write off nonprofit work?If you run a nonprofit you should make it a regular habit to remind volunteers -- perhaps your board or advisory council members, other regular volunteers, or those who assist at special events -- about these possible deductions. It's true that the deductions available to volunteers may not add up to big dollars, since there's no deduction for the actual hours they put in. Even a highly skilled volunteer, such as a graphic designer or lawyer, can't deduct the value of his or her time.
No double benefits allowed when it comes to education benefits.
An education credit helps with the cost of higher education by reducing the amount of tax owed on your tax return. If the credit reduces your tax to less than zero, you may get a refund. There are two education credits available: the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC).
For the millions of taxpayers who will file in the last two weeks before deadline, the IRS offers the following reminders to avoid tax filing mistakes: