Intuit announced that as of May 31, 2012, payroll service for QuickBooks 2009 would be discontinued. In order to provide users with additional time to upgrade their QuickBooks software, Intuit has extended the date of the payroll service discontinuation to June 30, 2012.

After June 30th, QuickBooks 2009 will no longer automatically calculate correct payroll taxes or provide payroll tax forms. Payroll subscriptions for customers with QuickBooks 2009 will be inactivated on July 1, 2012.

We are encouraging clients to upgrade their QuickBooks software as soon as possible to minimize disruption to their businesses. Please call our office at 802.878.1963 if you have any questions or need assistance upgrading your software.

For more information on Intuit's discontinuation policy please click here.

The first published work of bookkeeping as it is known today occurred in 1494 in Italy and was written by a Venetian monk named Luca Pacioli. Bookkeeping principles having remained essentially unchanged since then.*

A survey of VT-owned or based organizations numbering between 2 and 40 employees conducted by Davis & Hodgdon Associates, revealed the importance of bookkeeping services. Nearly half of the respondents indicated they use external bookkeeping services or retain an individual on staff to execute this task. The greatest difference, perhaps, in conducting bookkeeping services since 1494, might be the common usage of accounting software, such as QuickBooks. 90% of respondents currently use QuickBooks when conducting their bookkeeping.

The survey, conducted in May 2012, revealed that for Vermont bookkeeping services, the fees for on-staff bookkeepers range between $15-30 per hour, while the fees for independently contracted bookkeepers range between $50 and $70 per hour. In general, the bookkeeping task itself (depending largely on the size of the organization) can take between 1 and 31 hours per week. As is common with family businesses in Vermont, 13% of respondents showed they hire relatives to tackle their bookkeeping needs.

*Milwaukee Journal, October 3, 1986

Congrats to our clients who have been making headlines!

• Sally Borden, executive director of KidSafe Collaborative, received the Antonio B. Pomerleau Medal of Honor at the annual Queen City Police Foundation Benefit Breakfast on May 21.
• Linking Learning to Life in Burlington has been selected to participate in the Benchmarks for a Better Vermont Performance Institute, a grant-funded organizational development program.
• The Lake Champlain Community Sailing Center was recently awarded a $75,000 grant by Jane's Trust of Boston. The grant is earmarked for an initiative aimed at further developing the sailing center's educational programs.

Geoff Robertson (geoff@dh-cpa.com)

Position: Entrepreneurial Advisor

From: Long Island, NY

Resides: Stowe, VT

Education: University of Vermont, MBA, Management. BA, Small Business.

Hobbies: Sailing, snowboarding, coaching youth leagues and travel. 

Quote: "You miss 100 percent of the shots you never take." - Wayne Gretzky

Memberships:

• Board member of Stowe Youth Hockey
• Board of Directors, Banbury Fund Inc., Hartford Family Foundation
• Secretary for Robertson Foundation for Government
• Home Builders and Remodelers Association of Northern VT

Q: How do I get a copy of my tax return to my banker? 

For the answer to this question we referred to Anna Perreault, Client Relations Associate.

A:  Login to your personal portal by going to www.dh-cpa.com and click "Client Login". After you login, click on the "Envelope" icon at the top of the menu bar. A side-bar window will appear labeled "Send Files". Choose "Attach to Email"  and then click "Attach". Adobe will ask how you want to email this document. Choose "send a copy of the entire pdf file as an attachment". Click "Send Copy". An email window will open with this file attached. Type in the email address of the recipient and send.  

Look for the following in next month's Q&A corner:

"What is the best method for getting my QuickBooks file to the firm?"

Do you have a question for us? Please email your questions to info@dh-cpa.com.  We will address your question promptly and may include it in a future issue!

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