Greenleaf Accounting

Virtual Bookkeeping & Accounting Services

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It’s Tax Day Again?

May 27, 2014 by Deb Howard Greenleaf

For millions of small business owners, freelancers, consultants and other self-employed folks, April 15th isn’t the last “Tax Day” to worry about. For business owners subject to estimated taxes, tax payments are due four times each year, on April 15th, June 15th, September 15th and January 15th.  These payments are called “estimated tax payments” and are meant to approximate one quarter of your … [Read more...]

Filed Under: Bookkeeping Tagged With: IRS, Quarterly Taxes, taxes

1099s Are Due January 31st! Have You Tried E-filing Yet?

January 28, 2014 by Deb Howard Greenleaf

I have been sending out more and more 1099s each year for my clients and the process is never fun. Each year I receive questions about the best software for do-it-yourself 1099 filers.  This year, I have a couple new suggestions: First off, if you aren't using your QuickBooks or QuickBooks Online to track your 1099 vendors, you really should.  This functionality is built right into QuickBooks … [Read more...]

Filed Under: 1099 Reporting Tagged With: 1099s, IRS, QuickBooks, taxes

More Sole Proprietor Audits Coming

April 13, 2010 by Deb Howard Greenleaf

According to a recent report by the IRS, auditors are going to be stepping up their audits of sole proprietors, looking for unreported income and unfiled tax returns. In addition to searching for unreported income, the IRS will be looking for sole proprietors who did not file required employment tax returns or information returns. How to prepare your business in case the IRS comes knocking?  It … [Read more...]

Filed Under: Best Practices, Small Biz Taxes Tagged With: audit, IRS, prepare, sole proprietor

What's Your Audit Risk?

March 9, 2010 by Deb Howard Greenleaf

The IRS just published their IRS Enforcement and Service Results for their fiscal year 2009.  Based upon this new data, the higher your income, the more likely that you'll receive a letter from the IRS asking for additional information or tax payments.  A correspondence audit of this kind is often triggered when you forget to report all of your 1099 payments, including "freelance" payments that … [Read more...]

Filed Under: Small Biz Taxes Tagged With: audit, IRS, tax

Sole-Proprietor Losses to be Limited?

October 16, 2009 by Deb Howard Greenleaf

According to a new report by the Government Accountability Office, about 25% of all sole proprietors reported losses in 2006.  Most of these business owners used their self-employment loss to offset other taxable income, leading to a significant loss of tax revenue for Uncle Sam. According to the IRS, approximately 70 percent of those losses were at least partially a result of taxpayers … [Read more...]

Filed Under: Small Biz Taxes Tagged With: IRS, loss, sole proprietor, tax

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Recent Posts

5 Best Practices for Invoices That Get Paid Faster

We're excited to introduce a few new voices with the first in a series … [Read More...]

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If your business is set up as an S-Corp (or an LLC with an … [Read More...]

Is an S-Corp Right for Your Business?

With all the recent tax shakeups, more and more small businesses are … [Read More...]

Estimated Quarterly Taxes Due Soon!

It's that time! The deadline to pay your fourth estimated tax payment … [Read More...]

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Recent Posts

  • 5 Best Practices for Invoices That Get Paid Faster
  • How to Pay yourself as an S-Corp
  • Is an S-Corp Right for Your Business?
  • Estimated Quarterly Taxes Due Soon!
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Reliable, Efficient and Precise

“Deb has handled my company’s invoicing and bookkeeping with impeccable attention to detail and service for several years. She is reliable, efficient and precise – remembering logistics, following through on details, and always smiling. I appreciate her help and value her expertise in handling my finances. Deb is the quintessential professional – I highly recommend her without hesitiaton.”

– Dr. Camille Preston, Owner,
AIM Leadership, LLC

Knows Her Stuff Inside & Out

“Deb is an amazing person, not only at what she does (in which she excels) but her personality is simply the best! She is always in clear control of her work; she knows her stuff inside and out; and she’s such a joy to work with and to count as a friend! I would highly recommend Deb to anyone who is looking for someone who is “above and beyond” the normal bookkeeper.”

– Vickie Turley, Chief Administrative Manager,
BossaNova Consulting Group, Inc.

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