Category Archives: Technology
Bitcoin – Convertible Virtual Currency Treated As Property
The IRS has released much-awaited guidance, in the form of frequently asked questions (FAQs), on convertible virtual currency For federal tax purposes, convertible virtual currency is treated as property and not as currency.
Possible Techniques for Transferring IP Offshore
For companies with significant Intellectual Property (IP), it may be beneficial for tax purposes to consider transferring its IP to a controlled foreign entity. The rules and regulations are complicated, so we thought it would be of value to outline … Continue reading
SmartVault to Integrate with QuickBooks Online
SmartVault is a cool little tool that we have used for a couple of years. SmartVault is a Cloud based document management system. The cool thing about SmartVault is that it allows us to attach documents (like invoices) directly to … Continue reading
Overview of Tax Rules for Software Purchases and Development Costs
We usually get a lot of questions about the proper tax treatment when our clients purchase or develop software. There are so many questions beacause the type of software varies so greatly. Software ranges from operating systems and programs that are bundled … Continue reading
Technology – How are we doing?
It is hard to imagine our practice without the level of technology that we use. I know the vast majority of our our peers have been slow in adopting technologies to manage and run their practice. I can not image … Continue reading
QuickBooks 2012 and Excel
QuickBooks 2012 has made some major improvements in its integrate with Excel. Now you can create a template report and retain many formatting elements. This new functionality will allow you to develop Excel templates that can easily be updated directly from QuickBooks. … Continue reading
There’s an App for That!
We wrote an interesting guest blog post for the Creative Coast last week. Check out our view of where the accounting software industry is going. Click Here for our Creative Coast Blog Post. We think you will find it very … Continue reading
Cool Tool in Mint.com
We are often asked questions about personal finances. Most of them are around budgeting, wealth accumulation and keeping track of information. There is always a balancing act between effort and cost. Most people are not accountants and do not want to … Continue reading
R&D Credit Reinstated
The 2010 Tax Relief Act retroactively extends the Research Credit for two years. Extended for tax years 2010 and 2011, companies may receive a research credit (also known as an R&D credit). The research credit equals the sum of: (1) 20% of … Continue reading
Sleeter Group announces annual QuickBooks Awesome Add-Ons winners
Each year the Sleeter Group selects the best QuickBooks Add-Ons. This years winners are:
