Quickbooks Online Price Change

 

Attention; important information ahead!

As of October 15, 2017, Quick Books is changing their prices for their Quick Books online plus and online essentials.  One way to avoid these price changes is to contact your local Quick Books Pro-Adviser and see what they can do for you. We here at Business Resource Partner are always willing and able to help you with any of your Quick Books needs. We are well staffed to handle all of your Quickbooks and accounting needs to allow you to continue to work for your business; instead of worrying about the money.

BRP-it! Do you know what it is & why it’s important?

Information Technology (IT) is more than just computers and networks! We found this awesome article on LifeWire written by Bradley Mitchell and wanted to share some important points regarding IT and your business.

Information Technology encompasses all layers of all systems from computer hardware to databases and servers including internet and phones. Many businesses and corporations add an IT department which is responsible for:

-Computer tech support
-Network Admin
-Databases and software

-Security of all data and networksAccording to Mitchell, System and Network Security issues are a primary concern for many businesses because this has the potential to cause a security hack and not only damage a company’s reputation, but cost large sums of money to fix. With the advancements in technology, it is important to always ensure that your data and client’s information is secure. Using a trusted professional is a great way to make sure your network protection is secure and up to date.

Business Resource Partners is proud to announce our full service IT Department! Our newest BRP addition, Mason Reid will be the head of our IT division. After serving five years in the United States Marine Corp, Mason is bringing his technical knowledge to you and your business. He is trained in computer, telephone, and network repair.
We are offering a variety of custom IT services for you and your business and have included a flyer with a list of customized services.
For an introductory offer, and to  or to set up an appointment, please give us a call at (321) 236-2771.

Goodbye QuickBooks 2014!

Starting on May 31st, 2017, users of QuickBooks 2014 will not have access to certain features and add-on services. This will include all versions of QuickBooks Desktop (Pro, Premier, Enterprise Solutions, Accountant Edition, and Mac). If you do not use the add-ons, your product will still work but you will not be able to subscribe to live technical support or any other intuit service.

What does this mean for you?

  1. You will need to upgrade to the latest version of QuickBooks as soon as possible if your products are being affected by this change.
  2. Access to the following will no longer be available after May 31st: Desktop Payroll Service, Live Support, Online Backup, Online Banking, etc.
  3. QuickBooks will notify affected customers in advanced by mail or e-mail. Keep an eye out for any additional information or updates that may affect you.
Below is a table provided by Quickbooks that further explains what services will be discontinued
Fully Supported Products Products & Services to be discontinued after May 31, 2017
QuickBooks Desktop Pro & Premier ’15, ’16, ’17
 QuickBooks Desktop Pro & Premier 2014
(General Business, Contractor, Manufacturing &  Wholesale, Nonprofit, Professional Services, and Retail)
QuickBooks Desktop for Mac ’16, ’15  QuickBooks Desktop for Mac 2014
QuickBooks Enterprise Solutions ’17, ’16, ’15  QuickBooks Enterprise Solutions 14
QuickBooks Desktop Accountant ’15, ’16. ’17  QuickBooks Premier Accountant Edition 2014

Image Provided by intuit QuickBooks Online Learn and Support

Business Resource Partners is updated with the latest version of QuickBooks online & Quickbooks Proadvisor for all years and versions. Our knowledgeable staff is ready to help with your QuickBooks Desktop or QuickBooks online needs. Give us a call to schedule an appointment or stop by our office! (321) 236-2771
310 Almond Street Clermont, FL 34711

Visit our Services page to see what BRP can do for your business!

Starting a Business is More Than Just an Idea!!

About two months ago, I met a young man full of enthusiasm to start his own business providing lawn services. The momentum was lost after a few weeks and he abandoned the idea. You may think he gave up, however, it was the capital that dried up. He purchased a used trailer that ended up using all his financial resources in repairs.

Starting any business is more than an idea – it is a combination of the idea, the working capital, the resources, the business environment, and the government rules and regulations. By following the basic startup steps, you are not guaranteed success, however, the likelihood increases significantly when you follow these steps.

  1. Create a Business Plan
  2. Secure financing for your business
  3. Decide on the legal structure
  4. Register your Business
  5. Register for the federal and state taxes
  6. Get your business licenses and permits
  7. Understand your responsibilities as an Employer

 

Contact your BRP Business Development team today to help you with your business startup! (321) 236-2771.

310 Almond Street, Clermont FL 34711

 

I Received a Letter From the IRS, Now What?!

The IRS will send millions of correspondence for different reasons. We wanted to share some information we received about what you should do when you receive a letter from the IRS.

Here’s what to do:
  1. Don’t Panic! Responding will take care of any issues.
  1. Read Carefully:  There can be many reasons for receiving a letter from the IRS. Most deal with tax returns or accounts. The letter will provide specific instructions and details about what to do so it is important to read the letter carefully and more than once.
  1. Is the letter asking for something? It might be about changes to your account, taxes owed, or a payment request. Sometimes, they may ask for more information on the issue discussed.
  1. Is it about changes to a return? If the letter indicates a change or correction to your tax return, review the changes and compare it with your original return (You should always have your own copy).
  1. Is a reply necessary? There is no need for a reply unless instructed, or if you need to make a payment.
  1. Don’t agree with your notice? Respond! There is a contact stub at the bottom of each letter so you may respond and explain why you disagree. Be sure to include any supporting documents for the IRS and allow up to 30 days for a response. Always send this type of correspondence certified and keep copies of everything you send.
  1. No appointments necessary: If you need to call, use the phone number that is on the upper right hand corner of the notice. Have your tax return and notice in hand for reference.
  1. Keep Records! Always keep copies of any notices that you receive along with your tax records.
  1. Be aware of scams: The IRS will never send you an e-mail or contact your through social media and ask for financial information. They will never demand a specific form of payment such as a prepaid card. For information on payment options, click here.

For more information on the IRS Collection Process, see Publication 594, or to make a payment, visit IRS.gov/payments.

Business Resource Partners has been happy to serve you this tax season and we look forward to 2017! We have our Enrolled Agent on staff who will directly represent you to the IRS and assist in tax planning for you and your business. We offer more than just bookkeeping and taxes for your business! For a complete list of our services, please visit our Services page.
Our sister company, Almond Street Business Center offers a variety of services for your company as well. You may also click any of the links below for more information.

SBRN Lunch With the Experts: Change in Venue!

SBRN Lunch with the Experts:
Web Marketing Trends for 2017 and Optimizing for Mobile Device
The Florida SBDC Network assists thousands of new and growing businesses by providing services to help them successful in their decisions. They will be hosting a no-cost training session to help you better plan for the ever growing virtual trends this year.
Effective marketing for your business can make all the difference in its success. Learn from the experts how to expand your customer base with new trends and strategies!

When?
Wednesday, April 26, 2017

What time?
11:30AM to 1:00 PM

Where? (CHANGE FROM ORIGINAL LOCATION)
1250 North Hancock Road Clermont FL, 34711
Building 2, Room 102 & 103

How do I sign up?
This event is free but registration is required and seats are filling up fast! Visit the registration page to secure our seat to this event.
For information on this, and future events of the SBRN, see the flyer we have included below.

IRS Warns of Video Relay Scam Targeting Deaf & Hearing Impaired

We’ve uncovered some IRS scams & myths this tax season, it’s amazing what others will come up with in attempt to steal money. Today, we are covering Video Relay Scam (VRS) that target deaf and hard of hearing.

Video Relay Services are oftentimes used as a video telecommunication service that allows individuals to communicate over video telephones with hearing people in real time, via a sign language interpreter. The problem is VRS interpreters do not scan calls for validity, so it is up to you to always confirm that the person calling is who they say they are.

If you or someone you know is deaf or hard of hearing receives a VRS call claiming to be the IRS, there are a few things you need to know:

  1. The IRS Will Never:

~Demand immediate payments or specific ways on how to pay (wire transfer, prepaid card, etc). The IRS will not call about taxes owed without first mailing an official letter.

~Threaten to call local police if you do not pay immediately.

~Demand payment without the opportunity to ask questions or appeal amount charged.

~Ask for credit or debit card numbers over the phone.

   2. Receive a Suspicious Call or Know Someone Who Did?

~If you or someone you know is deaf or hard of hearing, you may call the IRS at (800) 829-1040 through VRS. They will be able to answer any questions including payment issues.

~If you received a call but know you don’t owe money and have not received an official IRS letter, report the incident right away. You can call the Treasury Inspector at (800) 366-4484.

~You may also file a complaint using the FTC Complaint Assistant. If it involves impersonating the IRS, include the phrase “IRS Telephone Scam” in the notes.

Our team at Business Resource Partners is happy to help with your tax preparation! Mythili, our Enrolled Agent, will be able to directly represent you to the IRS if any issues arise. For a full list of our awesome staff, visit our About Us section.

Call us at (321) 236-2771 to schedule an appointment, or visit us at 310 Almond Street Clermont FL, 34711.

QB Updates and Discontinuation of DESKTOP 2014

There are many changes and upgrades coming to QuickBooks including Assisted Payroll, Employee Organizer, Worker’s Comp Payment Service, and ViewMyPaycheck. These new features will provide users with a more enhanced experience and organization. We are excited to see what new and improved featured are brought to us by Quickbooks.With this change comes the discontinuation of QB Desktop 2014…..

If you currently use QuickBooks Desktop 2014, or any of the features used with tech support or additional services, you will need to upgrade to a newer versions of Quickbooks as of May 31st in order to continue using all of these features. Some of the products that will be discontinued as of May 31st include Pro 2014, Premier 2014, Mac 2014, Enterprise Solutions 14, and the Accountant Edition 2014.+

These products will still work depending your renewal date, which may be after the cutoff date of May 31st. However, they will automatically discontinue once the new payment period ends unless you upgrade. This also includes any security updates. The purpose of this upgrade is to make things more reliable, organized, and cost-effective for users. The new upgrades are installed quickly depending on the size of your company file size. You will be required to register to access add-on or live support services.

All files will be secured and backed up throughout the installment process. Technical support will be made available for all clients during this process to make it as smooth as possible. Intuit will be notifying you by mail or email in advance regarding changes and notifications. However, it is recommended that you upgrade as soon as possible to take advantage of the add-on services and live support.

If you need or want assistance, Business Resource Partners is here to help.
Call us at (321) 236-2771.

Tax Scams and Impersonations – What do I do? How do I know?

The current IRS Tax Tips has one sentence that sums up how to judge whether you are dealing with scammers or impersonators.

 If you get a call from the “IRS” threatening you with lawsuits or jail unless you pay up immediately …

Guess what? It’s a scam.

(IRS Tax Tip #6, 12/08/2016)

Here are a list of what the IRS will NEVER do:

– Call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill.

– Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.

– Require you to use a specific payment method for your taxes, such as a prepaid debit card.

– Ask for credit or debit card numbers over the phone.

– Threaten to bring in local police or other law-enforcement groups to have you arrested for not paying.

What do you do if you do get one of these calls? The IRS provides the following solutions:

If you don’t owe taxes, or have no reason to think that you do:

– Do not give out any information. Hang up immediately.

– Contact TIGTA to report the call. Use their “IRS Impersonation Scam Reporting” web page. You can also call 800-366-4484.

– Report it to the Federal Trade Commission. Use the “FTC Complaint Assistant” on FTC.gov. Please add “IRS Telephone Scam” in the notes.

If you know you owe, or think you may owe tax:

– Call the IRS at 800-829-1040. IRS workers can help you.

 

References

IRS.gov. (2016, 12 08). IRS.gov. Retrieved from IRS, Partners Urge Taxpayers to Beware of IRS Impersonations and Tax Scams: https://www.irs.gov/uac/irs-partners-urge-taxpayers-to-beware-of-irs-impersonations-and-tax-scams

 

OVERTIME LAW – Important News for Employers

The new overtime rule will not be going into effect on Dec 1st. At least temporarily the ruling has been blocked by an injunction issued by a federal district court in Texas. This injunction extends nationwide. Click to read more on the Overtime Law and the Injunction.

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