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Client Education & Company Blog

August 27, 2014
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24 QuickBooks Point of Sale Terms You Should Know

If you’re new to QuickBooks Point of Sale, get ready to expand your vocabulary. When you first start using QuickBooks, even if you’ve been doing manual […]
August 25, 2014

Oops! You forgot something on your tax return. Now what?

Whew! The rush is over once your personal income tax return is done for another year – or so you thought, right up until the moment […]
August 20, 2014
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Customize QuickBooks’ Reports, Make Better Business Decisions

QuickBooks simplifies and speeds up your daily accounting work, but you’re missing out on valuable insight if you don’t tailor your report data. Do you remember […]
August 15, 2014

2015 HSA Contribution Limits Announced

The IRS recently announced the inflation-adjusted contribution limits for health savings accounts (HSAs) for 2015. HSAs allow taxpayers with high-deductible health insurance plans to set aside […]
August 15, 2014

Safeguard Important Records

With the frequent occurrence of natural disasters, the IRS has issued a reminder to taxpayers to safeguard their records with a document backup plan. Backup records […]
August 8, 2014

EMPLOYEE ATTITUDES AFFECT CUSTOMER SERVICE

The quality of the customer service your company provides will have an effect on the net profit of your business. Even with the best of intentions, […]
August 8, 2014

Michigan Minimum Wage Increase

As of September 1, 2014, the minimum hourly wage in Michigan will increase to $8.15 and tipped employees will be $3.10. January 1, 2016, the minimum […]
August 6, 2014
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Using Statements in QuickBooks: The Basics

Most small businesses use invoices for billing customers. But there are times when you may want to send statements instead of – or in addition to […]
August 6, 2014
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A Tour through QuickBooks’ Payroll Setup Tool

Getting QuickBooks ready to process payroll is a complex, time-consuming process. Here’s what you can expect. Payday. You look forward to it when you’re young and […]
August 6, 2014
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4 Ways to Use Intuit Merchant Services

Don’t yet have a merchant account through Intuit? Here’s what you’re missing. You undoubtedly know people who have stopped carrying cash and checkbooks. So much business […]
July 31, 2014

Should you ask the cost of a gift?

Imagine this scenario. Your wealthy Uncle John is something of an art collector, buying paintings and sculptures from promising young artists. When he retires, he moves […]
July 31, 2014

Gift Tax

A gift to one person for over $14,000 may require a gift tax return unless the gift was a direct payment for medical services or education. […]
July 25, 2014

Summertime Tax Tip

 If you itemize tax deductions on your income tax return, you can deduct the mortgage interest and property taxes paid for your vacation home. A boat […]
July 25, 2014

2013 Retirement or Employee Benefit Returns

 July 31 is the deadline for filing 2013 retirement or employee benefit returns (5500 series) for plans on a calendar year.  
June 26, 2014

Is your business dependent on too few?

Many small business owners share one problem, especially in their early days. It’s being over-reliant on a single customer or supplier for much of their business. […]
June 23, 2014

Tax Rules for Selling Online!

Selling items on eBay and other online auction Web sites has become a very popular way to get rid of unwanted household stuff, as well as […]
June 13, 2014

Hiring family in the family business can cut taxes!

Now that summertime school vacation season has started, young family members may be looking for a job – and having a hard time finding one. Hire […]
June 6, 2014

Tax Due Date Reminder

June 16 is the due date for the second installment of 2014 Individual Estimated Tax and second quarter 2014 Estimated Tax payment for calendar-year corporations.   […]
June 2, 2014

Thank You for a Successful 2014 Tax Season!

With the closing of another tax season, Heintzelman Accounting Services would like to take this opportunity to thank all of our clients for choosing our firm […]
June 2, 2014

New Provision for Flexible Spending Arrangement

For employees that may hesitate to contribute to their flexible spending account because of the use-it-or-lose-it rule, they may find the recent IRS notice that addresses […]
January 1, 2014

Standard Mileage Rate for 2014

Business              56.0 Medical/Moving     23.5 Charity                 14.0 Click here for information on years 2010 through 2013  
December 15, 2013

It’s not Too Late for 2013 Tax Planning!

Most taxpayers remember the relief act that was passed in January 2013 in an attempt to avoid major tax increases for the middle-class. This act, known […]
December 15, 2013

New Michigan Law Exempts Disabled Veterans from Property Taxes

In November 2013, Govenor Snyder signed the Dannie Lee Barnes Disabled Veteran Property Tax Relief Act. Despite the major benefit for disabled veterans, there has been […]
December 15, 2013

Not Sure How the Health Care Reform Will Impact You and Your Family?

Click Here to estimate your potential health insurance premiums and premium assistance when purchasing your insurance through the health insurance exchange.  
December 5, 2013
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New QuickBooks Logo

Have you noticed?         
December 5, 2013

Square now Integrates with QuickBooks!

Intuit and Square Announce Point of Sale and Accounting Integration  
December 5, 2013

Year-End Payroll Reminders!

Reminder of all special payments that need to be reported in employees earnings.  
December 5, 2013

QUICKBOOKS 2014 – NEW & IMPROVED FEATURES!

New Features: New Email Capabilities – QuickBooks now allows you to attach multiple documents to your emails, customize your email templates to include information such as […]
November 20, 2013

Tax Refund ID Theft is Growing ‘Epidemic’

IRS Combats Tax Refund Fraud and ID Theft According to the IRS watchdog service, more American’s identities were stolen in tax refund fraud in the first […]
November 13, 2013

Tax Break For Trade-Ins

Governor Snyder Signs “Sales Tax On The Difference” Legislation On November 6, 2013, Gov. Rick Snyder signed a new legislation providing tax breaks for new car, […]
October 9, 2013

NEW – Notice for Employers!

Department of Labor Health Insurance Regulation  There is a new regulation that requires action by employers with at least one employee and gross revenue of over […]
October 1, 2013
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Can You Track USE TAX in QuickBooks?

Businesses are now becoming more aware of the requirements to remit use tax on goods brought into their state when sales tax is not charged. However, […]
October 1, 2013

Unemployment Benefit Limitations Lifted For Family Corporations

Recently Governor Snyder signed several amendments to the Michigan Employment Security (MES) Act. One of those amendments removed the 7 ½ weeks of unemployment benefits limitation […]
July 24, 2013

Late Payment Penalty Relief for 2012 Tax Returns

Because of the late passing of the American Taxpayer Relief Act of 2012 in early 2013, the IRS has provided a late-payment penalty and interest relief […]
July 23, 2013

Am I in Compliance?

HAS has provided the following tips to help business owners remain in compliance with tax and other issues.   Employment Issues: Federal, State and City (if […]
May 23, 2013

DO I HAVE TO UPGRADE MY QUICKBOOKS 2010 SOFTWARE?

Most QuickBooks 2010 users have received several warnings when using their QuickBooks products that access to add-on services will be discontinued on May 31, 2013. This […]
February 19, 2013

Where’s My Refund?

To check the status of your refund: Federal Refund State of Michigan Refund  
February 19, 2013

New Simplified Method for Claiming the Home Office Deduction

The IRS recently announced a simplified option for business owners with home offices. Beginning with the 2013 tax returns, taxpayers with qualified home offices may choose […]
January 5, 2013

QuickBooks Payroll Update for Additional Medicare Tax

As of January 1, 2013, taxpayers that exceed certain thresholds will have to pay an additional .9% on their wages and self-employment income. Employers will be […]
January 5, 2013

Congress Passes American Taxpayer Relief Act

Late Tuesday evening the House passed the American Taxpayer Relief Act to avert the highly publicized ‘fiscal cliff’. President Obama signed the bill into law on Wednesday January […]
December 13, 2012

Avoid Losing Flexible Spending Account Contributions!

Depending on your FSA plan, balances must be used by December 31, 2012 or February 15, 2013. Flexible spending accounts allow employees to set aside pre-tax […]
December 13, 2012

Year-end Payroll Reminders

Regardless of whether you use a payroll service provider or prepare payroll in-house, businesses will need to verify that all special payments to employees are correctly […]
November 29, 2012

New Fast and Convenient Methods to Pay Your Invoice!

In our fast-paced, highly technological world, mailing checks to pay our bills is becoming obsolete, even for businesses. Heintzelman Accounting Services is excited to be offering […]
November 29, 2012

2012 TAX PLANNING

Although we now have the election results,  year-end tax planning for 2012 will still be quite tricky since there are so many unanswered questions. We now know […]
October 10, 2012

Are frequent-flier miles taxable?

Frequent-flier miles or other in-kind promotional benefits attributable to a taxpayer’s business or official travel and used for personal are not taxed. However, this relief does […]
October 10, 2012

What is the standard mileage rate?

  1/1/13 01/1/14 1/1/15 01/1/16 1/1/17 1/1/18 1/1/19 1/1/20 Business $0.565 $0.56 $0.575 $0.54 $0.535 $0.545  $0.585 $0.575 Medical/Moving $0.24 $0.235 $0.23 $0.19 $0.17 $0.18 $0.20 […]
October 10, 2012

What business structure should I choose?

One of the first decisions that you will have to make as a business owner is how the company should be structured. Since this decision will […]
October 10, 2012

I want to start a business. Where do I start?

There is a lot of hard work that goes into starting your own business. Establishing the product or service you will be selling, doing the research, […]
October 10, 2012

Employee or contractor?

In the past, the IRS relied on a list of 20 common-law factors to classify workers. Now the IRS looks at just the following three factors […]
October 10, 2012

Is this a hobby or a business?

Is your favorite hobby (hereafter referred to as “activity”) actually a business? The following factors described by the IRS should be considered: Does the time and […]