I will be starting a big project this week for a client in cleaning up their QuickBooks file. This client has
families as customers, but then individual jobs as the students because one family may have multiple
students at this private school. The previous bookkeeper did not properly apply payments to the
individual jobs which leaves paid invoices showing as not paid. It is difficult to collect overdue tuition if
you cannot even figure out who has and has not paid. This will be a fun assignment!
If you filed an extension on your IRS income tax, October 15th will come sooner than you think. Start
NOW in getting your paperwork organized. Call me for a free one-hour consultation and I can give you
some suggestions to help you going forward.
Last week I promised an update on my move. I closed on Friday on a two bedroom, two bathroom
manufactured home in Hacienda Village, which is a 55+ community with 600 homes, two club
houses/pool in Winter Springs. The movers are coming this Thursday!!! There is a large FL room which
has been converted to a part of the house and that will become my office. It has a beautiful view of the
Bookkeeping Tips: Meals and Entertainment – If you take someone out for a meal as a business
expense, did you know the IRS will only allow you to deduct 50% of that expense? Their reasoning is
that the other 50% was your meal and they will not allow you to deduct that portion. This rule applies
even if you took out five people; they only allow 50% of the cost as a business expense. But you record
the full expense into your accounting software.
May 1 – Florida Annual Corporation Reports must be filed with Sunbiz.org or you will be fined