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Payroll & QuickBooks®  Solutions for Growing Businesses

 May 2009 Newsletter
       Important Dates 
             May 11 = Postage Rates increase, go here for info
             May 15 = Small Nonprofit Org's to file 990-N
             May 15 = Property Tax Payment
             May 15 = Monthly Payroll Tax Deposits
             May 15 = Computer & Electronics Disposal, see below
             May 20 = Monthly Sales Tax

FYI - QuickBooks 2006 'expires'
The payroll reporting features in QuickBooks 2006 will no longer work after April 2009.  If you are using payroll and have QuickBooks Pro 2006, it's time to move up to QBs Pro 2009.  Specials have been popping up for $100 to $120.  We really like the new sorting options within Reconciling in QuickBooks Pro 2009.

Be Prepared - Update Employee Contact Information
Update Employees' phone, cell phone and e-mail addresses.  The employee information in QuickBooks, can be found by going to:  Home, select the sideways "Employee" button, highlight an employee. Then, select Edit Employee, and select the tab: Address and Contact.
Create and print a report with the Employee Contact Information:
1.  Start with the standard report:  Reports, "Employees and Payroll", select:  Employee Contact List.
2.   Modify this report.  Modify Report, Display, Columns:  √ Cellular, √ Alt Phone, √ Email.  Un-select Social Security and Gender.
3.  Rearrange the columns, if you wish.
4.  Memorize this report.  Select: Memorize.
Now open up and print this special report:  From the top dropdown menus, select: Reports, Memorized Reports.  Find:  Employee Contact List.  The owners and key employees should keep a list offsite (at home).

Small Nonprofits Required to file annual 990-N
Small exempt organizations such as social clubs, lake associations, and hobby clubs with annual gross receipts of normally $25,000 or less ARE REQUIRED to file an annual electronic notice, Form 990-N (e-Postcard).  AccountAbility is registered as a preparer for 990-N's. Let us take care of this for you.  Our filing fee is $10.  Please sign and return this form.

Minnesota Sales Tax Rate Changes July 1, 2009
On July 1 the state sales tax rate is increasing from 6.5% to 6.875%.  This is an increase of $3.75 on every $1,000. 
Three things to do now:
1.  Consider making any major purchases prior to July 1.
2.  Mention this change in any Quotes, Bids or Proposals.
3.  Set up the new tax rates in QuickBooks now so you are ready for the transition. 
We can help you do this ONLINE at anytime - cost is only $10.00. 
We are also offering several online group sessions in June for only $6.00.                            May 7, 2009