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Author: Tu Dao
Mar 4, 2016

In general, the IRS has three years from the due date of the return or the date on which the return was filed, whichever is later, to audit and adjust the return. However, the IRS has six years to audit a return if a person fails to report over 25% of gross income. If a return is not filed, or a fraudulent return has been filed, the IRS can audit records for that tax year at any time.

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Author: Tu Dao
Sep 18, 2014

Years ago when small business accounting software was not as popular, the roles of a bookkeeper and an accountant were distinctively different. 

A bookkeeper typically handles and records daily transactions such as paying bills, creating invoices, collecting payments, making deposits, managing time-sheets for payroll, reconciling bank accounts. Records kept by a bookkeeper reflect all cash-in, cash-out of a business in chronological order. The process of compiling these records to prepare financial statements and other meaningful reports is, however, referred to as accounting.

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Author: Tu Dao
Aug 11, 2014

Although QuickBooks is known as the most popular software among the smaller-sized businesses, many contractors are still searching for alternatives

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Author: Tu Dao
Jan 27, 2015

QuickBooks has known to be the bookkeeping/accounting software of choice for small businesses in the US for the past 15 years.  However, with an increasing number of bugs across recent versions of QuickBooks Online and QuickBooks desktop, QuickBooks’ position is being challenged.

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Antiquated accounting techniques cost companies more than time and money, they virtually prevent opportunity...
why?

“Accounting In A Box has taken over all my accounting and tax compliance. I get to check my financials online and make business decisions with accurate, up-to-the-minute reports. Tu's "real-world" business savvy supports important business decisions. I feel completely at ease knowing they are handling my compliance and balancing my books.”

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