June 2011

Tools Thumbnail image for QuickBooks-Changing Sales Tax Rate

QuickBooks-Changing Sales Tax Rate

You are already using QuickBooks to run your business accounting and have sales tax items. Your state sales tax agency changes the current rate of sales tax to be collected (for instance sales tax went down in the state of California effective 7/1/11  see  http://www.boe.ca.gov/news/pdf/l277.pdf for details). How is this handled in QuickBooks? Add a […]

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@Home Thumbnail image for IRS Increases Mileage Rate effective July 1, 2011

IRS Increases Mileage Rate effective July 1, 2011

Good news! The Internal Revenue Service (our beloved IRS) announced today that effective July 1, 2011, the optional business mileage rate will increase from 51 cents per mile to 55.5 cents. The medical or moving expense rate increases from 19 cents to 23.5 cents. The charitable rate remains the same at 14 cents. This will […]

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