News from AdvantEdge Accounting Solutions
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Vol 5 No. 11 November 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

Those who bring sunshine into the lives of others cannot keep it from themselves. - James M. Barrie

2007 EMPLOYEE BONUSES, GIFTS & AWARDS
  What's Taxable, What's Not!

First let me answer a question that I am often asked by small business owners: No, you can NOT pay money to employees (outside of payroll) and report it on a 1099!

Now, that being said . . . what can you give to your employees at year end or holiday time, that does OR does not trigger a taxable event that must be reported thru payroll?

TAX NEWS
  Getting new W-4s by December 1 st

It's that time of year again . . . when everything "tax" seems to be in flux! Time to remind employees, with filing status changes, to file new W-4's. Also, take a look at the most significant tax breaks that are set to expire at midnight on Dec. 31 st.

MAS 90/200 ERP AWARDED PERFECT SCORES AGAIN
  Annual Comparison Review!

Published in the September issue of The CPA Technology Advisor, both Sage MAS 90/200 ERP 4.2, and Sage Accpac 200 ERP 5.4 have been awarded 5 out of 5 stars overall in the publication's annual "mid-range" accounting system review.

Not only did both of the company's flagship ERP solutions win, they both received PERFECT SCORES-- again--repeating their perfect performances from the 2006 review, with reviewer Mary Girsch-Bock awarding both products 5 out of 5 stars in all six review categories, including:

  • Ease of Use/Transaction Entry,
  • Modules & Notable Features,
  • Integration/Import/Export, Reporting,
  • Support/Training/Help System, and
  • Relative Value.

    For Sage Accpac ERP, this is seven straight years it has been awarded 5 out of 5 stars in this mid-range comparison review, and the eighth time in the past nine years.

  • TO UPGRADE OR NOT TO UPGRADE
      THAT is the question!

    Well, it's that time of year again! Intuit has released the latest and greatest versions of the award winning QuickBooks software line. And, right on cue, the question "Should I upgrade?" begins to filter into my office from clients far and wide.

    The answer is always "Well, let's talk about 'Return on Investment' . . ." Those of you who have had this conversation with me know my answer. Unless you are currently on a "sunset" version; QB 2005 or older, you will NOT lose any functionality with your software. So, the question then becomes "What have they added to the software that will make my work environment better?" Of course the answer is as individual as each and every QuickBooks user!

    So, if you want a synopsis of the new or improved features, click the link below. Then, if you still have questions, give us a call to review!

    HOW TO KEEP YOUR TALENTED EMPLOYEES
      Learn to Be a Great Boss!

    What are the secrets to keeping your best employees?

    Studies point us to opportunities that are hiding in plain sight.

    The Saratoga Institute says that 50 percent of an employee's work satisfaction depends on the relationship the employee has with his supervisor. A 25-year-long Gallup survey found that the length of an employee's stay on the job is largely determined by her relationship with her manager.

    The secret to keeping your best employees is to give them a great boss to work for.

    RECAP CALIFORNIA'S SHORT TERM LEAVE LAWS
     

    In the grand scheme of things, these laws can be annoyingly hard to keep up with, so if you want a quick and easy reference tool, click below!

    TIP'S & TRICKS
      Simplify Transactions

    • Don't use every memo field
    • Print checks
    • Enter transactions when they occur
    • Use memorized forms and transactions
      • Automatically enter memorized recurring transactions
    • Enter what actually happened
      • Don't summarize transactions
    • Use POS and Payroll services
     

    Contact Information

    phone: 760-722-6839