Payroll Tax Tables

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wrote:

I am trying powerfully not to whine about Quickbooks. Had they asked me when they started this outfit, I'd have steered them to Peachtree. :D
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While PT will allow you to manually update the payroll tables, they make it impossible now to print payroll tax forms, w-2s & w-3s without a payroll subscription.
For my one remaining PT client (they are using 2004) I manually update the payroll tables and input their payroll info into QB each month (3 employees) so that I can do the payroll forms. I'm a QB Pro Advisor and get the payroll subscription for my clients each year. It's cheaper that way in the long run for my clients.
wrote:

I am trying powerfully not to whine about Quickbooks. Had they asked me when they started this outfit, I'd have steered them to Peachtree. :D
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Laura wrote:

Laura - I am curious - since I am in the position of retiring from my 'real' job in the somewhat near future (and with corporate American being what it is, you never know - I work in a Fortune 100 firm totally out of anything remotely affiliated with accounting and bookkeeping, but I love this subject as a hobby as you know), what do you mean by 'your client'. Do you run a small bookkeeping firm for others? Is this something you might think one consider as a side job once I do retire fulltime? I see in the various franchise magazines ads for small firms to associate with national organizations to provide local services (not saying I would go that route, but it peaked my interest).
I realize that this is off the main path of discussion and if you choose to ignore this post, no problem at all.
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Hi Andrew,
Yes, I run a small bookkeeping business. All of my clients are serviced remotely. I know a lot of people that do the same thing. Some work onsite, others do it 100% remote. I've done a little of both.
As for your question concerning whether it is possible to start a bookkeeping business after you retire from the corporate world. The answer is yes.
I am semi-retired. I worked in Corporate America for 22+ years in Marketing and Finance. I was downsized in 2001. Since I had prior finance background it only made sense to pursue bookkeeping as a new adventure. Since my college field was math & statistics I had no formal accounting training so I took a bookkeeping course (Penn Foster) plus training in Peachtree and QuickBooks at a local IT training school.
Since that time I have had several full and part time jobs as a bookkeeper for several small businesses. I am also a Advanced Certified QuickBooks Pro Advisor and a Certified Bookkeeper from American Institute of Professional Bookkeepers (http://aipb.org /). They have an e-mail discussion/chat list that fellow bookkeepers "hang out" asking questions ranging from bookkeeping to taxes. There are several CPAs that hang out in that group too. There are many folks on that list that have started bookkeeping businesses after retiring/downsizing from the Corporate world.
Get the training, get some certifications and start networking, networking, and more networking to get your business going.
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Laura,
You left out the part where what you do today is a "real" live job.

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True it is a "real" live job at times. Right now I am only doing it part time.
My other "job" is taking care of my 90 year old mother for the summer. Now, THAT'S a full time job.
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