Feb 05 What are various file extensions associated with Quickbooks? .QBA – Accountant’s Copy Working File .QBB – Backup File .QBM – Portable Company File .QBW – For Windows Company File .QBX – Accountant’s Copy Transfer File .QBY – Accountant’s Copy Change File Read more
Feb 05 Can I or should I buy a vehicle in my business’s name? This is a question we get a lot, but it’s not a simple yes or no. Typically, it makes sense to buy the vehicle in your business if you will be using the vehicle for almost 100% business use. This does not include commuting from your home to your office. When you use your vehicle […] Read more
Feb 05 What are some of the terms and acronyms accountants use and what do they mean? PT-100: This is the South Carolina Business Personal Property Tax Return which is used to report business assets such as furniture, fixtures, and equipment. SALY: Same As Last Year AGI: Adjusted Gross Income AMT: Alternative Minimum Tax There are plenty more. If you hear one and don’t know what it means, just ask! Read more