As you can see, I skipped posting in March. There wasn't much news, and I decided to spend that time working to catch things up-to-date after the New Year crunch.
There are a few changes coming up soon:
- May 6th -- The 'Old' invoicing experience will be replaced with the 'New'. I'm hesitant to add 'And Improved', because the jury is still out on that. During the transition it's been pretty glitchy, but there are some new good features as well. I think the two things to remember here are "Plan Ahead" and "Be Patient". I expect all will go fairly well in that case.
- May 20th -- Final day to process bill payments via Melio within QBO. After that, you will need to log in directly to Melio. The transactions will still sync with QBO as they always have. This is to make room for the new QuickBooks bill payment service. I don't have any insight to share on the new service, as I haven't yet seen or tested it. (I am sticking with Melio for the present.)
- May 1st - May 30th - QBO will be transitioning more reports to the New View. Some will be switched to new view as the Default, and you'll be able to switch to the Classic View. However, at the end of May more will be switched to the New View permanently. Here I suggest patience (again), and FeedBack. The more they hear from users about anything that's not working, the faster it will be fixed.
- The Final Change to mention is the Florida State Sales Tax Rate Change for Commercial Rentals. The State rate is being reduced from 4.5% to 2% effective June 1st (on the June rent). The appropriate County surtax still needs to be added. It is no small thing to make all of the changes necessary to implement the new rate, but it is nice to see it going down again. I look forward to the day when it is a thing of the past. I am including a link to the TIP No 24A01-02 issued April 8, 2024 for you reading pleasure. It does include all of the details you may need to know. floridarevenue.com/taxes/tips/Documents/TIP_24A01-02.pdf