Many still use the “shoebox” method, tossing receipts in a box and entering them when tax time rolls around. Receipts can be the bane of a business owner’s existence. QuickBooks Online now allows you to compare, buy, and manage employee health, dental, and vision coverage. You’ll find the remaining tools under the All tab.
These will appear when you click on the Shortcuts tab. You should soon see an entirely different look for navigation that uses icons representing common tasks (Transactions, Expenses, Mileage, etc.). You’ve probably gotten used to navigating from a list of features in the QuickBooks Mobile app. New navigation tools in QuickBooks Mobile app Or, if you’re using the QuickBooks Mobile app, you’ll be able to turn on GPS and let your smartphone record the mileage automatically. You can record trips manually by entering starting and ending addresses (or the total miles). It does just what it sounds like: allows you to track business-related mileage so you’ll have a numerical total to enter when you come to that deduction on your income tax return. This is a tool previously found only in QuickBooks Self-Employed, but QuickBooks Online users will now have access to it. QuickBooks Online’s Mileage Tracker allows you to record business miles driven manually or automatically and calculates your tax deduction. The funds will be directed to your U.S.-issued Visa or MasterCard debit card. If you use QuickBooks Online Payments, you’ll be able to have available credit card and bank transfer payments from customers deposited in your bank account within 30 minutes for a 1 percent fee. Now, you’ll see a button marked +New in the upper left corner. Previously, you clicked on the +(plus) sign in the upper right corner to open the Create window (invoice, sales receipt, bill, single time activity, etc.). Here’s a rundown of what’s in store for everyone on the horizon. It may also be that your version of QuickBooks Online has incorporated the changes, but you just haven’t noticed them. So, if you’re not in the first wave of users, we want you to know what’s coming. Some of you may not see all of them until 2020, since the company typically rolls them out slowly. Whether you can see them now or not, Intuit added and enhanced a ton of new features in 2019. Here are some of the changes the company introduced for QuickBooks Online in 2019.
Paying by credit card will incur a non-refundable processing fee:Ģ.25% of the amount plus a $0.25 processing fee Taxpayers who paid $500,000 or more for a specific tax in the preceding state fiscal year (Sep. You can do an electronic funds transfer from your bank with EDI. Volunteer Fire Department Assistance Fund Assessment.Mixed Beverage Sales and Gross Receipts.Compressed Natural Gas/Liquefied Natural Gas (CNG/LNG) Dealer.With Webfile, you can file your return early and post-date the electronic check payment by changing the payment effective date. If you are required to report electronically, there is an additional 5% penalty for failure to do so.Late returns may be assessed a $50 late filing penalty.Paper returns must be postmarked on or before the due date to be considered timely.Returns filed with Webfile must be submitted by 11:59 p.m.Texas Franchise reports may be submitted electronically with approved tax preparation provider software. If you have no taxable sales to report, you can file by phone. Print and mail or return them to one of our offices.
You must download the forms and use Adobe Reader to fill them out. Electronic Data Interchange (EDI)Įlectronic Data Interchange (EDI) is for businesses with a large number of outlets, leases, schedules or authorities.
International Fuel Tax Agreement (IFTA).Once you register and log into eSystems, you can access Webfile. There are a number of ways to file/report:ĮSystems is a secure portal for a variety of online transactions, including Webfile.