The Sansone Difference Blog

Intuit integrates into global player

Written on January 6, 2016 at 9:35 pm, by

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The company that owns QuickBooks continues to make the world a smaller place by forging agreements with platforms across the globe. The latest global collaboration in the works for Intuit, the owner of QuickBooks, is with Australian financial technology lender Waddle. The partnership would have Waddle’s app as part of Intuit’s apps.com store for small-Continue Reading

Permanent sales tax write-off gets green light

Written on December 24, 2015 at 9:26 pm, by

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Residents in eight states have gotten a much welcomed gift from the federal government. For years, U.S. representatives for those states with no income tax – Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming – have sought a permanent provision allowing residents to deduct sales tax from their federal tax returns. Citizens ofContinue Reading

Small firms reach out to peers

Written on December 15, 2015 at 7:11 pm, by

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The future is not looking bright for the vast majority of small accounting firms, according to a recent survey. Defining “small” as having five or fewer equity partners and a maximum of $10 million in annual revenue, nearly three-quarters of small accounting firms surveyed expect 2016 to be less profitable than 2015. A Forbes magazineContinue Reading

Save time with QuickBooks, Fundbox

Written on November 23, 2015 at 4:45 pm, by

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Save time with QuickBooks, Fundbox QuickBooks has announced that it will be teaming with Fundbox in order to help small businesses with covering invoices until they are paid. “We definitely noticed a hole in terms of invoice financing,” Jeff Kaufman, QuickBooks Financing’s project leader, told PYMNTS, a website focusing on commerce and payments. Kaufman saidContinue Reading

States computing ways to tax cloud

Written on November 16, 2015 at 8:08 pm, by

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As states struggle to find revenue, officials have their heads in the cloud. With consumers storing an increasing number of files on the Internet, many states are looking at the cloud as a new source of tax revenue. When the sale of goods like DVDs and thumb drives drops, state sales tax dollars fall too.Continue Reading

Drug firm called on carpet

Written on November 9, 2015 at 7:17 pm, by

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Valeant Pharmaceuticals is denying claims that the drug company in conducting Enron-type accounting practices. The company responded to a short seller’s allegations that the company is recording fake sales with made-up clients as “erroneous.” Valeant stated that it has relationships with specialty pharmacies, but investors are still leery. A Citron Research report raising questions aboutContinue Reading

Assignment of Estimated Tax Payments in a Divorce

Written on November 3, 2015 at 2:57 pm, by

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By Jason Borkes, CPA, Irvine, Calif. October 1, 2015 Editor: Valrie Chambers, Ph.D., CPA Since the 1970s, divorces have been much more common in the United States than they were previously. Divorces raise legal issues such as possession of assets, custody of children, claims to income, and countless others. One issue that is often overlookedContinue Reading

Expired Tax Provisions: No Relief in Sight?

Written on October 19, 2015 at 2:37 pm, by

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As the end of the year draws closer, Congress seems even less likely than usual to agree on a package extending all the tax breaks that are currently expired. Here’s a look at the expired provisions and the actions that are pending to extend them. By Sally P. Schreiber, J.D. October 15, 2015 ACA DueContinue Reading

Program connects QuickBooks, Bill.com

Written on October 12, 2015 at 3:46 pm, by

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Business payments and receivables can now be linked between QuickBooks Online and Bill.com, cutting the required data entry. QuickBooks Online Sync 2.0 allows accounting professionals to achieve efficiency and control of their practice. The seamless, bi-directional work flow for both accounts payable and accounts receivable removes the need for double data entry. It also ensuresContinue Reading

City may take piece of gambling winnings

Written on October 5, 2015 at 2:14 pm, by

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Members of the City Council in Amherst, Ohio likely won’t be getting any free beers at the localAmerican Legion post anytime soon, if they adopt pending legislation. The Amherst City Council is looking at putting a tax on gambling winnings at nonprofit clubs. William Hoff, commander of the American Legion post in Amherst, said nonprofitsContinue Reading

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