QuickBooks Checkup

Does your business use QuickBooks Desktop?

In general, we recommend that you have one of the three most recent year versions.  For example, in 2019, you’d want to make sure you are using the 2019, 2018, or 2017 version of Quickbooks.

Intuit only supports the three most recent years, and if you’re not using one of those versions, then you could be vulnerable to hackers.

You don’t need to upgrade every year, but sometimes QuickBooks releases new features that may be of interest to you.  Here’s what’s coming in 2020 — https://www.accountingtoday.com/news/quickbooks-desktop-2020-offers-increased-automation-and-more

2018 Deadlines Approaching

Finish Line

2018 Extended deadlines are coming up!!  Partnership and S Corporation tax returns for 2018 are due by 9/16/2019, and personal returns and C Corporations are due by 10/15/19! If you haven’t filed your 2018 returns yet, be sure to give your CPA at Loggins, Kern & McCombs a call today!

QuickBooks Class – Desktop Version

REGISTER NOW!!

Loggins Kern & McCombs offers beginner QuickBooks classes to help small business owners save time and
money by organizing all business finances in one place.
Held at the Launch & Go 54/74 Intersection Peachtree City, GA 30269 Tuesday August 27th 2019 10:00 to 2:30
call Pam Burnett at 770-478-7424 to registe
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Summer Checkup

Summer Checkup! It’s always tax time here at LKM, so we wanted to give you a few things to think about during the summer months…

1. Business owners – are you keeping up with your W-9s? You should have a W-9 on file for any non-corporate vendor that you use for services. Click here for a W9 form. You’ll need to have these on file for when 1099s are done in January.
2. Keep your books up to date! We know that it’s easy to let other more pressing items come before your monthly accounting, but it will truly make your life so much easier to keep current with your books instead of trying to play catch up later. Need some solutions for getting your bookkeeping done? Give us a call – we can help assess your needs and give recommendations.
3. Start preparing now for tax planning! If you are a client of ours, we would love to sit down with you after October 15th to plan out your 2019 tax return. You can start gathering data now to make this meeting a success! Shoot your CPA an email to see what they recommend.

Mileage Rate for 2019

The IRS just announced that effective January 1, 2019, the standard mileage rate for business miles will be 58 cents per mile, which is an increase of 3.5 cents per mile from 2018.  The mileage deduction is one that is often overlooked.  Are you reporting business mileage correctly on your tax return?  Give one of our CPAs a call today to discuss how to account for business use of your vehicle.

Deduction – New 20% Pass-Through Tax Break

New Tax Laws for 2018
New Tax Deduction

We are reaching out to you to let you know about one of the many changes in 2018 due to the new tax law.  If you own a business, this deduction will more than likely apply to you.

Bottom Line:  Because of the new tax law, tax planning for business owners will be especially crucial this year.  We are still expecting regulations from the IRS regarding the new pass-through business deduction (hopefully by the end of the summer), but we wanted to notify you of what’s coming.

We also understand that taxes – especially business taxes – can be confusing.  Please feel free to contact us at 770-478-7424 or at info@logginscpa.com to setup a consultation with a CPA.


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QuickBooks Webinar Training in August

Loggins Kern & McCombs will begin offering webinar training for QuickBooks in August!  As we strive to meet the needs of clients across the country, we will begin offering training via webinar to enable attendees to sign in from virtually anywhere. 

We are offering beginning classes in two QuickBooks formats:  Desktop version and Online version. Desktop is the version that has been around for years; software is loaded onto your computer or server.  The online version takes everything into the “cloud” to enable access from anywhere using your computer, tablet or even phone. 

Space is limited, so call and register today. 

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New Form W-4 Delayed

The IRS issued a notice on Monday, January 29, 2018, to provide more guidance on the withholding rules that resulted from the recent legislation known as the Tax Cuts and Jobs Act.  As part of that new legislation, the IRS issued new withholding tables with a promise of a new Form W-4.  The IRS has been in the process of revising Form W-4, but now feel that the new version may not be finished until after February 15, 2018.  [Read more…]

Tax Season Hours

It’s that time again – Tax Filing Season! 

That means you need to start gathering your important tax documents for this year’s return preparation.  For Loggins Kern & McCombs employees, [Read more…]

New Withholding Tables Issued

The IRS has issued new income tax withholding tables for 2018 due to major changes in the new tax law.  Everyone should take a look at your withholding to make sure you’re deducting the correct amount of taxes under the new legislation. [Read more…]