Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

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Sales Receipts, Invoices, and Statements in QuickBooks

QuickBooks allows you to create multiple types of sales forms for different situations. Here’s a look at what they are and when to use them.

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2019 Tax Planning: Retirement Savings for Individuals

Now is a good time to review and evaluate your retirement savings. The tax code provides significant incentives for individuals to make contributions to retirement savings and plans, including...

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Are You Following Best Practices in QuickBooks Online?

“Best practices” are recommendations for the most effective way to get things done. Are you following standard procedures in QuickBooks Online?

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S Election to Save Employment Taxes

The S election is generally thought of as a tool to achieve pass-through taxation of C corporation income and avoid the double tax.

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Excise Taxes on Private Foundations Lowered

As you know, private foundations are generally exempt from federal income taxes. However, in certain circumstances, excise taxes may be imposed on the specific income of a private foundation. In two...

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Election for Cash Basis Accounting – What is the Right Accounting Method for You?

The Tax Cuts and Jobs Act (TCJA) included simplifying the tax code and providing tax relief for small businesses.  Certainly these are provisions that added complexity and uncertainty. 

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