Author: Roxanne Brown

              California is now the 30th state to adopt economic nexus as a result of the South Dakota v. Wayfair, Inc. decision by the Supreme Court.  Effective April 1, 2019, the State of California will require sellers, whether they have a physical presence in California or not, to pay sales tax on retail sales in California. Starting this April, out-of-state sellers must register with the  California Department of Tax and Fee Administration (CDTFA) and collect and remit sales tax if they meet the following criteria: More than $100,000 in taxable sales in California, OR 200 or more separate transactions for delivery into California Important Notes: This change will impact a majority of online retailers, as California has the largest economy in the U.S. and is one of the largest in…

  Intuit is working hard on becoming faster, more reliable, and providing the most updated data in QuickBooks from your connected financial institution. They are now connecting with select banks using open standard authentication methods for easy access to your accounts. The current way of logging in, using a password and user name, will soon become obsolete. They are currently working on getting permission from select financial institutions for QuickBooks to securely access your accounts. So far, the banks that have agreed to implement the more secure way of connecting include Capital One, Chase Bank, Wells Fargo, Bank of America & Citibank. Intuit will be rolling out more dates and banks, so stay tuned. Click here to learn more about this new update from Intuit QuickBooks.

          What Does This Mean For Online Retailers? Not so long ago, states could only tax sales by businesses with a physical presence in the state, think traditional ‘brick and mortar’ store; ecommerce orders that were delivered to the same state of the registered business, or if they had established a nexus in other states for some reason (employees, sales staff, tradeshows, etc. – depending on the laws of each state). However, as of October 1, 2018, the Supreme Court changed the rules and stated that sales tax applies not just to physical presence but to economic nexus presence as well. States now have the authority to tax online sales if a retailer meets certain criteria (and every state is different). This is a big deal…

If you have your Capital One account linked with QuickBooks; and it stopped working recently – you are not alone.  Starting December 19, 2017, Capital One Bank discontinued their Direct Connect service integration with QuickBooks and replaced it with Express Web Connect.  This will cause loss of Bill Pay functionality, as well as statement download.  You need to make sure you have the latest updates installed; to learn more visit:  Intuit support article.

Every year our users want to know what they should be reviewing to make sure their accounting data is ready for tax preparation. Join me, an Advanced Certified QuickBooks ProAdvisor and long-time Stone Edge consultant, to review the correct processes and reports to wrap up your fiscal year. We will dive into all the numbers and data so you know how to handle everything from sales tax, to open orders with drop-shipments, accounts receivables and more.  We will go over the proper year-end and month-end procedures and discuss various reports in Stone Edge and Quickbooks to help you understand what you need to know.  With the end of the calendar year approaching (and for many of you, your fiscal year-end) this information could not be more timely. The Webinar is…

      What is Share a Refund? Share a Refund helps you collect refunds on late deliveries, unshipped packages, and billing errors on your FedEx and UPS accounts. Share a Refund examines your shipping accounts. If a package is late, unshipped or double billed, Share a Refund files a claim with FedEx and UPS. You receive a refund in the form of a credit. Share a Refund is for all businesses, no matter the size. Shipping just a few times a week or thousands times a day, this app will lower your shipping expenses from FedEx and UPS. There is absolutely no extra work for you or anyone in your company. How does it work? Any package that is delivered one minute late is qualified for a full refund…

Join us on May 4th at 2:00 p.m. EST to check out the latest release of Marketplace Reporting for Amazon (aka Communiqué for Amazon). We will be discussing, and showing, the new reports, features, and enhancements included in this latest release.  For more information on what’s included in the this release please refer to the release notes. I will be joining the webinar to discuss some of the accounting features and sharing how many of my clients currently use the tool.  We will discuss reconciling payments with orders, best practices and how Communiqué for Seller Central resolves many of the accounting challenges encountered when selling on Amazon, and much more! Register today at:  Thursday, May 4, 2017 2:00 PM – 3:00 PM EDT webinar. Once registered, you will receive an…

Please read this link regarding QuickBooks 2017 R5 Problems: https://www.accountexnetwork.com/blog/2017/04/quickbooks-2017-r5-problems/

    In order to fight fraud, The Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed by President Obama in December. The act changes the filing deadline for W2s and most 1099s. The biggest change for most people is when they have to remit the 1099-M forms. In the past these had to be mailed out by March 31st – now they are due January 31st – the same as employee W2s! If you haven’t already updated your records in QuickBooks with the needed information to complete the forms you should start now. Previously employers had two dates to remember when remitting W-2s: January 31st, to provide employee copies, and February 28th, for paper filings submitted to the Social Security Administration (March 31st for electronic filings). This…

            Intuit is implementing an update to address a security vulnerability in QuickBooks desktop software.  This does not affect the Mac desktop version or QuickBooks Online. (more…)