Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

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QuickBooks Online -Tracking Customers

If you’ve been in business long enough to remember tracking your customers manually, you probably remember what a nightmare it was. Maybe you had a card file and paper folders – and lots of sticky...

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5 QB Reports You Need to Run in January

Getting all of your accounting tasks done in December is always a challenge. Besides the vacation time you and your employees probably took for the holidays, there are those...

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The Tax Deductible Difference Between Gifts and Entertainment

One of the keys to building a successful business is nurturing and maintaining positive contact with clients, vendors, and other business associates. One strategy many business owners will use is to...

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How to Claim Expenses on Behalf of a Charity as Deductions

You’re probably aware that contributed cash donations made to a charitable organization are deductions at tax time…but you might not realize that if you provide  work for a charity, you are able to...

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The Gift Tax, the Exclusion and the Lifetime Exemption

IRS Definition of Gift -- "Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return."

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Gifting (Transferring Assets) and Medicaid Penalties

If you’re considering transferring assets (including cash, giving gifts for holidays, weddings, birthdays or graduations); or if you plan to buy something for a friend or relative, or you want to...

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