http://www.bookkeeping-basics.net/bookkeeping-blog.html The Bookkeeping Basics Blog will keep you current with all additions and changes to the Bookkeeping-Basics.net Web site. Click on the RSS button to subscribe to my RSS feed. en-us bookkeeping Fri, 04 May 2012 05:24:40 GMT Fri, 04 May 2012 05:24:40 GMT bookkeeping-basics.net http://www.bookkeeping-basics.net/tax-payments.html http://www.bookkeeping-basics.net/tax-payments.html We pay quarterly tax payments for federal and state taxes to lesson the blow of taxes we owe for our llc. Into what chart of account would I allocate Thu, 03 May 2012 20:57:24 GMT http://www.bookkeeping-basics.net/school-balance-sheet-assignment.html http://www.bookkeeping-basics.net/school-balance-sheet-assignment.html I have a school balance sheet assignment that I need help with. I would like to know why my balance sheet is not balancing. Thu, 03 May 2012 20:51:49 GMT http://www.bookkeeping-basics.net/where-to-show-llc-partner-payments.html http://www.bookkeeping-basics.net/where-to-show-llc-partner-payments.html Where do you show paying llc partners out of the profits? We do not have a salary for the partners. We just divide up the profits once expenses are accounted Thu, 03 May 2012 20:50:00 GMT http://www.bookkeeping-basics.net/is-accounting-equation-an-ideal-or-reality.html http://www.bookkeeping-basics.net/is-accounting-equation-an-ideal-or-reality.html I have a situation where my business went through a reasonable period. It has recently not been doing well. In the good times I bought assets which went Thu, 03 May 2012 20:48:31 GMT http://www.bookkeeping-basics.net/index.html http://www.bookkeeping-basics.net/index.html The bookkeeping experiences of one small business owner. Knowledge of accounting procedures is key to a successful business. Learn the basics of bookkeeping from a professional bookkeeper. Thu, 03 May 2012 20:38:56 GMT http://www.bookkeeping-basics.net/donations1.html http://www.bookkeeping-basics.net/donations1.html If you are donating to a non-profit school for your grandchild's education can you deduct it Thu, 03 May 2012 20:35:47 GMT http://www.bookkeeping-basics.net/bookkeeping-101.html http://www.bookkeeping-basics.net/bookkeeping-101.html Bookkeeping 101 will provide you with more than just the bookkeeping basics. It will help teach you about many things from setting up a chart of accounts to preparing your profit & loss statement. Thu, 03 May 2012 06:05:04 GMT http://www.bookkeeping-basics.net/highly-recommended.html http://www.bookkeeping-basics.net/highly-recommended.html Stephanie is absolutely amazing at what she does. Without her I would probably still be using some software on my own and feeling unsure about my tax returns Thu, 15 Mar 2012 16:54:25 GMT http://www.bookkeeping-basics.net/10997.html http://www.bookkeeping-basics.net/10997.html The last day to have all the w2s and 1099s out was February 15th and my husband still hasnt recieved his. We have called his old boss and he said trhey Fri, 02 Mar 2012 03:45:48 GMT http://www.bookkeeping-basics.net/tax-savings.html http://www.bookkeeping-basics.net/tax-savings.html My father father retired from job in 2007 and not haveing any source of income since 2007, I am sending all my income to my parents, so can I save tax Fri, 02 Mar 2012 03:45:18 GMT http://www.bookkeeping-basics.net/michigan-inheritance-law.html http://www.bookkeeping-basics.net/michigan-inheritance-law.html Hi, I am going to be bought out of my fathers estate (houses and property) this year and need to know if I will have to claim the money paid to me as income Fri, 02 Mar 2012 03:44:25 GMT http://www.bookkeeping-basics.net/reimbursement-employee-to-employer.html http://www.bookkeeping-basics.net/reimbursement-employee-to-employer.html We bought cell phones for some of our Employees, to be used for both business and personal use. Employee is responsable for an agreed upon portion of the Wed, 22 Feb 2012 05:37:23 GMT http://www.bookkeeping-basics.net/how-much-can-i-claim-for-food.html http://www.bookkeeping-basics.net/how-much-can-i-claim-for-food.html How much can I claim on my taxes for food per day, and for gas per week when i work away from home? I live in ontario canad Sat, 18 Feb 2012 04:26:45 GMT http://www.bookkeeping-basics.net/social-security-income.html http://www.bookkeeping-basics.net/social-security-income.html Is my social security income taxable? I also sold some land that was included as homestead property that our house was adjoined to. The house and a few Sat, 18 Feb 2012 04:12:02 GMT http://www.bookkeeping-basics.net/am-i-responsible.html http://www.bookkeeping-basics.net/am-i-responsible.html Im married but my husband dont work I also have si and welfare but still worked. I had filed jointly for my taxes. Will I be responsible for his child Sat, 18 Feb 2012 04:04:50 GMT http://www.bookkeeping-basics.net/income-tax-refund-with-section-8-housing.html http://www.bookkeeping-basics.net/income-tax-refund-with-section-8-housing.html Hi, I was wondering if I can recieve an income tax refund if I recieve section 8 housing without getting in trouble. I have a 1099 and want to file my Sat, 18 Feb 2012 03:53:46 GMT http://www.bookkeeping-basics.net/head-of-household8.html http://www.bookkeeping-basics.net/head-of-household8.html My 65 year old brother is unable to work and lives with me. He brings in $776 a month in social security, receives $125 a month in food stamps and dips Sat, 18 Feb 2012 03:51:14 GMT http://www.bookkeeping-basics.net/401k-stocks.html http://www.bookkeeping-basics.net/401k-stocks.html I cashed in about $1,000 worth of 401K stock last year. Do I have to claim this as income on my 2011 return? Sat, 18 Feb 2012 03:50:51 GMT http://www.bookkeeping-basics.net/10996.html http://www.bookkeeping-basics.net/10996.html Do I need to wait for a 1099 to file my taxes? I didn't pay taxes on about 250-375 dollars .. Sat, 18 Feb 2012 03:49:48 GMT http://www.bookkeeping-basics.net/deduction2.html http://www.bookkeeping-basics.net/deduction2.html We had the foundation sink on our house. The concrete slab sank 4-1/2 inches which left moisture in the house. Our house was filled with mold and had Sat, 18 Feb 2012 03:49:25 GMT http://www.bookkeeping-basics.net/fire-insurance-payout.html http://www.bookkeeping-basics.net/fire-insurance-payout.html IN CANADA IS FIRE INSURANCE PAYOUT CONSIDER INCOME Sat, 18 Feb 2012 03:48:54 GMT http://www.bookkeeping-basics.net/can-i-deduct-the-cost-of-second-home.html http://www.bookkeeping-basics.net/can-i-deduct-the-cost-of-second-home.html I purchased a second home for personal use only. I got it at a certain price because it was not habitable. I spent 21000 on things like roof, mold removal, Sat, 18 Feb 2012 03:47:21 GMT http://www.bookkeeping-basics.net/a-lump-sum-withdrawal-from-my-401k.html http://www.bookkeeping-basics.net/a-lump-sum-withdrawal-from-my-401k.html I took some of my 401K money to purchase a townhouse. The amount was 55,000.00. I did pay tax on that money. Now when just starting my federal tax return Sat, 18 Feb 2012 03:43:28 GMT http://www.bookkeeping-basics.net/inheritance-tax-in-nj.html http://www.bookkeeping-basics.net/inheritance-tax-in-nj.html we inherited $100,000 from my brother in 2012. What is the Fed Tax and NJ state inheritance tax rate? Thank Yo Sat, 18 Feb 2012 03:42:29 GMT http://www.bookkeeping-basics.net/credit-card-protection.html http://www.bookkeeping-basics.net/credit-card-protection.html Can we claim fees for credit card protection Sat, 18 Feb 2012 03:37:37 GMT http://www.bookkeeping-basics.net/two-w2s.html http://www.bookkeeping-basics.net/two-w2s.html This year I worked in two states; part of the year in MS, earning $16,400 and the other part in MD, earning $5,000. When I put that information into the Sat, 18 Feb 2012 02:39:29 GMT http://www.bookkeeping-basics.net/filing-personal-taxes-including-a-k1.html http://www.bookkeeping-basics.net/filing-personal-taxes-including-a-k1.html Situation: A relative passed away in 2008. There is still money remaining in a bank account included in his estate. Currently we, his descendents, claim Sat, 18 Feb 2012 02:39:04 GMT http://www.bookkeeping-basics.net/specific-charitable-donation.html http://www.bookkeeping-basics.net/specific-charitable-donation.html Hello: I was wondering if I could donate to my church to their elders fund in which they support widows and ask for a certain widow to receive part of Sat, 18 Feb 2012 02:38:30 GMT http://www.bookkeeping-basics.net/salary-in-hand.html http://www.bookkeeping-basics.net/salary-in-hand.html How much will I get in hand after paying tax and pension etc if my yearly salary in 65000 GBP and yearly bonus is 15000 GBP Sat, 18 Feb 2012 02:37:30 GMT http://www.bookkeeping-basics.net/proof-of-residency.html http://www.bookkeeping-basics.net/proof-of-residency.html My Nephew lived with me for about nine months in 2011 due to problems at home. I claimed him on my income tax as dependant and for EIC. I filed as Head Sat, 18 Feb 2012 02:37:01 GMT http://www.bookkeeping-basics.net/combine-income-tax-allowances.html http://www.bookkeeping-basics.net/combine-income-tax-allowances.html Can husband and wife pensioners combine income tax allowances Sat, 18 Feb 2012 02:34:48 GMT http://www.bookkeeping-basics.net/stay-home-mom.html http://www.bookkeeping-basics.net/stay-home-mom.html I am a single mother native american with two small childeren 2 and 6 yrs old cant afford sitter so havent worked in a few yrs also have never done my Sat, 18 Feb 2012 02:34:19 GMT http://www.bookkeeping-basics.net/tax7.html http://www.bookkeeping-basics.net/tax7.html Hi, I am filing jointly tax return 2011. I have a baby but no child care expense my relative take care my baby.my husband not working last year. Which Sat, 18 Feb 2012 02:33:48 GMT http://www.bookkeeping-basics.net/capital-gains-tax-liability-for-nonresident-spouse.html http://www.bookkeeping-basics.net/capital-gains-tax-liability-for-nonresident-spouse.html In California; My wife and I entered a contract to buy a new house yet to be built. Approximately 7 months later the house was completed and we started Sat, 18 Feb 2012 02:33:06 GMT http://www.bookkeeping-basics.net/home-improvements.html http://www.bookkeeping-basics.net/home-improvements.html I own two houses and if I sell one but the one I am moving into for retirement needs home improvement. If I use that money from the sell for the improvements Sat, 18 Feb 2012 02:32:43 GMT http://www.bookkeeping-basics.net/mortgage-interest1.html http://www.bookkeeping-basics.net/mortgage-interest1.html I noticed on my form 1098 mortgage interest for 2009 was at 7,900.00. I wanted to know why my mortgage co. sent me a form 1099-INT for 2011 and it was Sat, 18 Feb 2012 02:32:15 GMT http://www.bookkeeping-basics.net/is-it-worth-my-time-to-file.html http://www.bookkeeping-basics.net/is-it-worth-my-time-to-file.html In july of 2011 my husband left me due to abuse. He is to legally have no contact from me for one year. I have an order. Anyway I plan on filing divorce. Sat, 18 Feb 2012 02:30:35 GMT http://www.bookkeeping-basics.net/tutoring-expenses-grandchild.html http://www.bookkeeping-basics.net/tutoring-expenses-grandchild.html Can I claim my granddaughters tutoring $$ I paid on my income tax (it is $900.00 Sat, 18 Feb 2012 02:28:31 GMT http://www.bookkeeping-basics.net/cashin-of-life-insurance-policy.html http://www.bookkeeping-basics.net/cashin-of-life-insurance-policy.html My parents, who are deceased had a life insurance policy on me. I cashed it in in 2011. Cash-in value was less than $1,100. Are the proceeds taxable for Sat, 18 Feb 2012 02:28:12 GMT http://www.bookkeeping-basics.net/student-loan-payoff-using-529-plan-savings-bonds.html http://www.bookkeeping-basics.net/student-loan-payoff-using-529-plan-savings-bonds.html I used money from a 529 college savings plan for my daughter, and from US savings bonds purchased in my name and my daughter's name, to pay off one of Sat, 18 Feb 2012 02:27:38 GMT http://www.bookkeeping-basics.net/health-insurance-premiums.html http://www.bookkeeping-basics.net/health-insurance-premiums.html I work for a school district and I pay for my daughters and myself health insurance. Are the premiums covered? What are forms do I need? And where would Sat, 18 Feb 2012 02:27:07 GMT http://www.bookkeeping-basics.net/401k2.html http://www.bookkeeping-basics.net/401k2.html Need to know about the 70/1/2 rule.. Am I supposed to start taking money out? And when Sat, 18 Feb 2012 02:26:31 GMT http://www.bookkeeping-basics.net/claiming-child-care-expenses.html http://www.bookkeeping-basics.net/claiming-child-care-expenses.html My granddaughter has lived with me for 8 months of last year. Her grandfather (who lives in IN) paid child care cost for 5 of those months. Does he get Sat, 18 Feb 2012 02:26:07 GMT http://www.bookkeeping-basics.net/investing-in-construction-company-in-panama.html http://www.bookkeeping-basics.net/investing-in-construction-company-in-panama.html Good day, I would like to recieve some information regarding my question, please. My incorporation just finished the prosess of refinancing, and because Sat, 18 Feb 2012 02:25:43 GMT http://www.bookkeeping-basics.net/year-end-rollover.html http://www.bookkeeping-basics.net/year-end-rollover.html What happens when a end of year rollover is done in an accounting package Sat, 18 Feb 2012 02:25:02 GMT http://www.bookkeeping-basics.net/merchant-credit-card-fees.html http://www.bookkeeping-basics.net/merchant-credit-card-fees.html When I receive a credit card payment of, lets say, $100. But the merchant credit card company only deposits into my account $97.50 due to deducting $2.50 Sat, 18 Feb 2012 02:24:39 GMT http://www.bookkeeping-basics.net/income-tax13.html http://www.bookkeeping-basics.net/income-tax13.html I just turned 18. I've been living with my boyfriend. Can he claim me on his income tax Sat, 18 Feb 2012 02:22:20 GMT http://www.bookkeeping-basics.net/will-the-state-take-my-income-tax.html http://www.bookkeeping-basics.net/will-the-state-take-my-income-tax.html Will the state take my income tax I was awarded unemployment benefits,but the employer appealed it and won. I was awarded five thousand will the state Fri, 10 Feb 2012 05:56:02 GMT http://www.bookkeeping-basics.net/state-tax-refund-2010.html http://www.bookkeeping-basics.net/state-tax-refund-2010.html Hello, I just filed my income taxes on Turbo Tax I need help. They won't send my refund until I tell them what my 2010 state refund was I got I think it Fri, 10 Feb 2012 05:55:18 GMT http://www.bookkeeping-basics.net/taxes8.html http://www.bookkeeping-basics.net/taxes8.html My mother claimed me on her taxes and didnt use my w-2 form what happens Fri, 10 Feb 2012 05:53:21 GMT