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If your organization has a December 31st year end, January is a very busy time.

Besides the 1099s to independent contractors and the W-2s to employees, you also need to clean up all your accounts so your records will be correct. In this post, I’m going to link you to older blog posts to help.

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mileage rates, self employed -

2019 mileage rates have been issued from the IRS with a 3.5 cent increase for business travel.

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1099, independent contractors -

I hate to disrupt your activities during this ridiculously busy time of the year, but if you would like to receive FREE IRS Form 1099-MISC, you will need to order them soon. Form 1099-MISC reports to the IRS royalties, rents, and other miscellaneous income, but we are most concerned with Box 7-Nonemployee Compensation. Nonemployee compensation is the payments to workers we use throughout the year that are not on our payroll. If we paid them over $600 throughout the year, we must furnish them a Form 1099-MISC. The red Copy A must be mailed to the IRS no later than...

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donations, endowment, memorials, stock, unrealized gains, unrealized losses -

Donating stock to your charitable organization as a Donation, Endowment or Memorial requires specific recording methods to include Unrealized Gains and Losses.

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QuickBooks, Updates -

This summer I had the opportunity to be a beta tester for the new 2019 QuickBooks desktop version. As I worked through the system, I was especially interested in those options that would be most useful for small nonprofits and churches.

Here is a summary of some of the new features:

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