News from AdvantEdge Accounting Solutions
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Vol 5 No. 9 September e-Newsletter
Greetings!

Welcome to this edition of the free e-Newsletter brought to you by AdvantEdge Accounting Solutions.

Every month, we strive to bring you news, reviews, tips, and ideas to help you get the most out of your accounting software and help keep your business running smoothly!

Please feel free to forward this e-Newsletter to colleagues you feel might benefit from this information.

Sincerely,
Jodi Coppens

PS: Please make a note of our new zip code: 92058- 7413

There is a time in the life of every problem when it is big enough to see, yet small enough to solve. - Mike Leavitt

TAKE THE GUESSWORK OUT OF HIRING EMPLOYEES!
  Business Success Series

Along with Jim Plotkin of The Plotkin Group, Jodi will be a Featured Speaker at the October 18th Oceanside Chamber of Commerce 2007 Business Success Series workshop.

In this session, you will learn . . . .

  • The "true" cost of an employee
  • Financial impact on your business; what's your "breakeven" point?
  • Considering the "intangibles"
  • Tools for the Selection Process; hiring the right employee the first time!

    The workshop will be held at the Oceanside Chamber of commerce Office at 928 North Coast Highway, Oceanside. The workshop fee includes continental breakfast; OCC Members $25 and prospective members $35. For tickets, mail your check to the Oceanside Chamber of Commerce or Fax your credit card information to: 760-722-8336, or email to info@oceansidechamber.com.

  • IRS EARLY WARNINGS
      Watch your worker classifications!

    Watch your worker classifications! Congress is likely to revisit the rules on worker classification, perhaps later this year, and consider a full or substantial rewrite.

    To increase federal tax compliance on employment taxes the IRS has a written "understanding" with over 20 state agencies that administer state employment and SUI rates.

    The IRS plans more audits of worker classifications, using its traditional 20-factor test.

    Also, the IRS plans more audits of S corps that appear to underpay shareholder/officers!

    Criminal investigations of potential employment tax abuse are up almost 40% from last year and criminal prosecutions will likely increase as much. Target: "zero-wage" schemes, in which employers pay employees in cash and don't withhold employment taxes.

    MAS 90 & 200 VERSION 3.71 RETIREMENT
      Announcing!

    Initially introduced in November of 2002, Sage MAS 90 and 200 3.71 has enjoyed an unprecedented era in the world of software.

    We want to take the opportunity to acknowledge its lengthy and excellent service to thousands of customers and to advise our clients about the announcement of the official retirement of Sage MAS 90 and 200 3.71.

    NEW SMALL BUSINESS EDITION (5 USERS)
      Save over 50% on Sage MAS 90

    New Small Business Edition (five-users) for only $7,450!

    SAGE Software has just announced a new offering for small businesses who are outgrowing entry level products and have a need for a mid-market solution.

    If you, or someone you know, have been wanting to make the leap, but are not able to afford the standard version of Sage MAS 90, then this promotion is for you!

    COST OF GOODS ACCOUNTS
      Vendor Payments, Customer Reimbursements & 1099's

    A number of businesses face the following scenario:

    They want to post certain vendor expenses to a Cost of Goods Sold account.

    They want to bill customers for the expense, but QuickBooks does not permit marking an expense "billable" if the posting account is of the type COGS.

    Some of the vendor payments have to be tracked for 1099's.

    All of this works smoothly if you set up your company file to accommodate this scenario. This means creating an item you can use instead of posting the bill or check to an Expense account. The item is linked to the COGS account you want to use, and when you use the item you can mark the expense as billable to customers.

    DISCIPLINARY REPORTS
      By Joseph D. McCluskey

    5 Things You Should Know About Disciplinary Reports

    Before I went to law school, I was a bank manager. One of the most frustrating things I had to do was prepare disciplinary reports. I never knew what to say and, as a result, said either way too much or not enough.

    Today, when I do training or when I'm working on an employment law case, I deal with a lot of people who don't know how to write disciplinary reports and thus either write inadequate reports or don't prepare them at all.

    TIP'S & TRICKS
      QuickBooks Scheduled Backups and the Windows Task Scheduler

    Have you ever wondered how QuickBooks manages to schedule automatic backups without using the Windows Task Scheduler? Have you found that you can't see the QuickBooks backups when you open the Task Scheduler?

    Well, the answers is: QuickBooks does use the Task Scheduler, but configures the task as "hidden". To see the status of a scheduled backup in the Scheduled Tasks window, select the option "Show Hidden Tasks".

    In Windows XP the command is on the Advanced menu; in Windows Vista the command is on the View menu.

     

    Contact Information

    phone: 760-722-6839