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PLANNING AND YEAR-END

10/28/2023

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Less News and More Reminders this month...

There is not much QuickBooks news to share this month.  QuickBooks Billpay service is slowly being released, and their 1099 service has some enhancements.  I am not recommending or seeing a benefit of either at this time so will leave those aside for now.

The focus for the next few months is being prepared for the end of the year and reporting requirements and deadlines.
  • Payroll.  If you've had any thoughts or questions about changing your payroll service, now is the time to decide where you'd like to be for the new year.  I support both QuickBooks Online Payroll and Gusto, so if you are considering a change and would like to discuss it please let me know asap.  Also, please remind your employees (present and past) to check their information on file, including mailing and email addresses, so they will receive their W2's without issue.
  • 1099's - Please review the Expense By Vendor Summary report for vendors requiring a 1099, and be sure that their information (including a completed W9 form) is complete and accurate.  The report is available under the 'Expenses and Vendors' report section, and should be run for 'This Year-to-date' with 'Cash' as the Accounting Method selections.
That's all for now.  Time is pretty scarce from here on in, so deadlines will be taking priority over all other work.
​
I appreciate your patience at this time of year (as always).
Thank you, and Happy Halloween!
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