Larry works hard for individuals and small businesses to have peace of mind with tax and life decisions. Tax law is a daunting reality we're all a part of and Larry wants to help you every step of the way. He never wants to replace your trusted tax professional, so He decided to help them too! With over 40 years of tax preparing, owning a small business, and providing CE to thousands of tax preparers across the country (among holding dozens of other roles) Larry wants to share that experience with you AND your tax professional. Please subscribe and hit the bell icon to stay updated with current tax expertise so you can be informed and make the best decisions possible. DISCLAIMER: We do not provide tax, legal or accounting advice. All content on this channel is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Please consult your own legal, tax and accounting advisors.
TLDR: You can easily create and customize invoices in QuickBooks Online to charge customers for your products or services, and manage payments and billing for multiple invoices. 00:00 📝 Learn how to create an invoice in QuickBooks Online to charge customers for your products or services. 01:29 📝 You can create an invoice for non-inventory items in QuickBooks Online, but if you need to track inventory, you may need a different version of QuickBooks. 02:12 💡 Choose between services or bundles for different types of products and set up categories and descriptions for tracking and billing in QuickBooks. 03:24 💡 Enter sales price and units for invoicing, assign income account, and categorize items in QuickBooks. 04:25 💡 Enter customer's email, create and send invoice, check billing address accuracy, and set up online payments if needed. 05:23 💡 You can customize invoice terms, due date, and invoice number in QuickBooks Online, and easily bill for services or products. 06:08 💡 Enter quantity and customize items on the invoice, then save and send it to the customer via email. 07:35 💡 Create and receive payments for invoices in QuickBooks Online, and manage multiple invoices for a customer.
Just another way to steal from the poor! The IRS doesn't make the wealthy pay their fair share of taxes but they want to nickel and dime the poor. They want to make sure people on welfare don't prosper (even though inflation makes food stamps almost worthless) and this is a trap to catch people on disability to cut off their benefits. This is like the Mark of The Beast! You can't buy or sell without the government spying on you. The cops are being called on children selling water! Kids selling lemonade may need special permits! Why? The government needs money to build bombs and steal land and they want us to pay for their genocides! Meanwhile drug dealers are undetected and often protected. You'd be surprised just how much drug cartels are welcomed to contribute to corrupt politicians!
We did everything through paychex( national company) with the help of our cpa ... we just got a letter from the irs saying we owe 430000 from 2021 ...we used the money exactly the way we were supposed to ... we entered everything into quickbooks. They added interest and fees to something that we weren't even aware of until now . I have a hard time believing both our cpa and financial peeps got it wrong. Is the irs weaponised ? If we have to pay the 43000 we are out of business... 30 years down the drain. Idk what to do ...maybe talk to a lawyer idk
Hi Debbie!! luv your video, in your how to add vendors (might seem like a silly question but I'm very, very new, when you're saying you and yours, are you talking about me or my client? Thank you sooo much for your time :)
How can I get disability benefits,without all the games they like to put you through. I’m 58 years old worked my ass off all my life helping feed America and now I can’t work to feed myself
Maybe, I could agree regarding the first year. But it increases 2.5% each year until 2025. So, in the example provided in the above video, the second year the rebate would be $50, the third year $75, the fourth year $100, and the fifth year $125. Honestly, it is not that big of a deal to fill out the PDF form as long as you do it with each receipt. I wouldn't want to do a whole years worth at one time though. This is the third year and I would estimate that I have spent less than an hour to get the form filled out to this point. So...an hour worth of my time to receive $75...worth it for me.
My boss applied for ERC on February last year. His company was struggling, and some weeks did not have enough money to pay us. ERC marketing was sounding every day everywhere. He got the check on June and did not spend it because his CPA did found out and talked his that it was a scam. Two weeks later the IRS send him a letter to ask for the money back. He still have the checks and the question is what's the procedure to give back the ERC checks to the IRS without problem?
A bunch of people complaining about eBay and other payment services… the source of the problem is the Biden administration. They can mess the country and the rest of the world up with no accountability. To add insult to injury, they use their power to change tax laws to make it harder for the average American to survive. Shame on all the buffoons who voted in this clown administration.
I have been having trouble with my sales tax within the invoice when I go to save it doesn't like my non-taxable labor. I'm a furniture reupholster and only 20% of my labor is taxable; I've been doing them on two item lines and splitting out the non- taxable labor and taxable labor of 20% but when I go to save the invoice I get an error message. Ugh. I tried doing the item as a bundle and it still doesn't like it. There's got to be a way of getting around this glitch. The tax isn't based on where my customer lives but here at my shop location in town at 7.25%
Its a set-up alright. If you do this process you'll be identified as a Taxpayer. A Taxpayer by legal definition is a cestui que trust. That is Your Strawman Account Identified by Your Social Security Number. This does not apply of you You are the living soul . Know the difference...
Circular 230, which governs the rules of practice before the IRS for accountants, enrolled agents, and lawyers, generally prohibits those covered from charging contingent fees. The prohibition extends to professionals helping to assemble and file claims for refunds or credits, the agency says. However, federal court rulings have restricted the IRS’s ability to regulate return preparers and place restrictions on contingency fees related to tax refund claims. The IRS took steps to regulate unenrolled preparers in 2010, but the regulations were challenged in court. In Loving v. IRS, 742 F.3d 1013 (D.C. Cir. 2014), Supreme Court Justice Brett M. Kavanaugh, then writing for a panel of the D.C. Circuit, held that the IRS lacked statutory authority to require tax return preparers to register with the agency or fulfill other regulatory requirements like Circular 230’s ethics rules. That holding was extended in Ridgely v. Lew, 55 F. Supp. 3d 89 (D.D.C. 2014), to the IRS’s attempt to apply a rule from Circular 230 against contingency fees to a CPA filing a refund claim. The effect of the rulings was to restrict the application of Circular 230 to more active engagements, like representing taxpayers in audits, and to exclude mere return preparation.
Very interesting. There is a case of a client. The store of this company was (we had a store in NY and the headquarter in NJ) shutdown due to a NY mandate order due COVID-19 from March 22nd 2020 to May 28th 2020. This company received PPP loan for the period May 7th 2020 to August 27th 2020. Then, the period from March 22nd to May 6th would be considered to get the ERC credit. However, the gross receipts of the 1st and 2nd Q in 2020 did not decrease more than 10% compared with the corresponding quarters 2019. Is this company still eligible for the ERC 2020?
here's another example of "Privatization" happens. public money private profit !! the complaints below are about downloading the drivers license------just great
I hate anything that asks me for ID verification, once I see that it's worthless. The alternative is spending weeks on the phone trying to get in touch with an agent, but that's better than dealing with the ID bull.
I actually had to do a live zoom type call with an id.me agent showing me holding my passport. After that I got approved. Now they just let you take pics without the live interview. My application was at the beginning of the program; maybe they are not that strict anymore. I do value that IRS account.
I'm moving to Mexico because there's someone I love very much waiting for me there. Yes it has its problems but I must say this type of b*******at least makes me want to try something else.
These two are SHILLS for eBay. Folks, this is a "RULE", not a "LAW", and the IRS is using it to fleece the public. The courts are PRIVATELY OWNED 'BANKS' >>>> Look it up!!! Remember though >>>>> we live in a "democracy" which is why you not only had NO SAY in this "FLEECE", but the parasites don't even have to use "LAW" to pull it off. 😳 Taxes benefit those who pay them >>>>> that's why taxes 'are' >>>>> HELLO!!! So, how am I benefitting in Nebraska while paying New Jersey? That's exactly why you haven't seen this advancing through the courts. I already mentioned the courts, right? 😁 This is all UNCONSTITUTIONAL >>>>>> what are you going to do about it? 🧐 . . . and now you know why those same courts STOLE the show in 2018, 2020, and 2022. WHAT ARE YOU GOING TO DO ABOUT IT? 🧐 🇺🇸
ID me is a run by the most corrupt pos on planet earth....they want your passport, drivers lic, social security, W-9 and digital biometric scan and then STILL its not enough and it doesn't work...no customer service...no way to reach a real person..millions of people have been screwed over because ID me has made it impossible to access the IRS website.
Took over Shoe Repair shop from my father who was a standard sole proprietor for 35 years.. what happens to the company history when I change it to an S Corp and get a new ein number? Does it matter?
this is all so confusing. it says i made over $600 but thats not true. alot of people returned or canceled orders and it appears thats all included. i was just sellin my old video games and now im stressing out like crazy trying to figure out what to do now.
