Archive for the ‘1099’ category

Join us for our Twitter Year-end event January 16, 2013

January 14, 2013

Just for QuickBooks Online (US) users! Year-end is now upon us! Are you ready? We’re here to help small business owners with completing the most common year-end activities in QuickBooks Online, like how to prepare your 1099’s. We answer lots of year-end questions over the phone, but instead of keeping these conversations to ourselves, we’re inviting everyone to join a live Q&A session on Twitter where others can see what’s being said and hopefully benefit from the discussion.

So ask away! QuickBooks Online specialists will be on Twitter to answer your year-end questions on Wednesday, January 16, 2013 from 10 a.m. to 12 p.m. PT.

To submit your question:
Login to Twitter on Wednesday, January 16, 10 a.m. to 12 p.m. PT, and tweet your question with the hashtag #QBOyearend.

For Twitter newbies, here’s how to send your first tweet:

  1. Visit Twitter and create an account if you don’t already have one. Make sure that the “Tweet Privacy” checkbox in the Settings menu is unchecked. If it’s checked, your tweets will be protected and we will not be able to see them.
  2. From Twitter’s homepage, write your tweet in the “What’s Happening?” box. Include #QBOyearend anywhere in your tweet and make sure to stay within the 140 character limit provided.
  3. Click on the “Tweet” button, and that’s it! You’ve sent your first tweet.
  4. To monitor what other people are saying, again go to Twitter.
  5. Enter #QBOyearend into the Search box at the top of the page and hit Enter. All posts with the #QBOyearend hashtag will appear.

See you there!

QuickBooks Online November Release

November 16, 2012

Add Attachments to Sales Transactions

Now you can add attachments to sales transactions (estimates, invoices and sales receipts) and send them to your customers.  Perhaps you want to attach a contract to an estimate.  Maybe you’ll attach a picture of a completed job or a timesheet to an invoice.  It’s easy and you can do it right from the sales transaction. You can even drag and drop files onto the sales transaction.

Easier Tax Time with 1099s and 1096

Tax season with QuickBooks Online is about to get easier! We heard you loud and clear over the past year: you wanted to be able to print 1096 forms from QuickBooks Online. So, this month, we are rolling out the ability for you to print your 1096 forms in addition to your 1099s. You’ll do this the exact same way you’re used to printing your 1099 forms: by going to the Vendor List, clicking the blue button in the bottom lefthand corner that says “Prepare 1099 Misc Forms,” selecting your contractors, and printing away! Note that this functionality is only offered on our Plus product.

Accountant Webinar on the Product Changes

Here’s the recording of this month’s release webinar: https://attendee.gotowebinar.com/recording/3027165864185576448

Here are the slides I used so you can take notes while you watch: November release webinar slides (Alternative link http://goo.gl/M5sgs). You really won’t get the good info and detail without the recording, so I do recommend watching, not just looking at the slides.

Enjoy!

Upcoming maintenance in December

As part of our efforts to improve service, QuickBooks Online and attached services (such as QuickBooks Online Payroll) will be unavailable to some customers for a short period on Dec. 6 and on Dec. 12 for planned maintenance. We expect the service to be offline during the following time frames:

  • 10pm PT on Dec 6 to 1am PT on Dec 7
  • 10pm PT on Dec 12 to 1am PT on Dec 13

Thank you for your patience during this maintenance period, and for your continued business.

Changes to 1099-Misc Preparation in Quickbooks Online

December 30, 2011

An early Happy New Year to all of our readers. I wanted to highlight a few changes to our 1099-Misc preparation workflow in preparation of filing season.

1099k

The IRS has issued new reporting requirements for tax year 2011 1099-MISC form. These requirements will exclude some forms of payments from the 1099-MISC form that will instead be reported on the new third party form 1099-K.

If you’ve made payments to vendors in tax year 2011, you’ll only need to report certain types of transactions and exclude others.

What does this mean to you?

  • Payments to 1099 vendors made via credit card, debit card, or third party system such as PayPal will be excluded from the 1099-MISC calculations.
  • On the Prepare 1099-MISC screen…
    Image
  • Navigate to the the Prepare 1099 Forms preview.  Note the column titled Total 1099 Payments Excluded. You can click on the total in this column to see an Excluded Payments by Vendor report which shows transaction details.  This report can help you verify if payments should indeed be excluded.
    Image

For additional information on the new IRS requirements please visit the links below:

eFile

Prefer to electronically file your 1099 forms?

Well, you’re in luck! Intuit’s 1099 E-File Service allows 1099 forms to be filed electronically. For more information about the 1099 E-File Service, see this web page: http://payroll.intuit.com/support/kb/2000864.html.

Want to give it a try?

You can sign up for the E-file service here: https://onlinepayroll.intuit.com/welcome/1099.jsp

Thank you,
Quickbooks Online Team


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